Look at point 1 to see how an abc pattern can reveal the beginning of a big move. Now at point 2 we see a higher degree ABC pattern completing, would you want to miss this next big move. Comment what you think below. Don't forget to click the like if you do. Thank you.
ES:
La compañía brinda servicios de vapor, gas natural y electricidad a los clientes del sureste de Nueva York, incluida la ciudad de Nueva York, y pequeñas partes de Nueva Jersey. Las dos empresas de servicios públicos generan aproximadamente el 90% de las ganancias.
Consolidaeted Edison al ser una empresa defensiva ha perdido interés de los inversores este año....
Nice bounce of the bottom in the up-channel for ED. Higher low indicating another bullish move. Bulls have recaptured momentum on the hourly and 2hr but its still too early to confirm bullish divergence on the daily. A cross of the 7SMA and 14SMA would indicate safer entry point. Target at 1 Fib Extension.
For the public record -- I took a short position on $ED yesterday at $94.71
I posted the trade to the Stocks and Indexes forum:
www.tradingview.com
My reasons for shorting are technical, and not sociopolitical, but are too complex to describe on one chart, so I'll not attempt to do so. I will say that technical divergences were apparent to me at the time of...
Reposting this since TV removed this idea earlier for containing links to my telegram group.
Trading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from...
