The previous ascending triangle didn't hold, what about this rounded bottom?
The price is now squeezed between the neckline and the BB middle band. When breakout?
An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
I have a down trending slope that has bullish context(resistance becoming support) and an up trending slope with bearish context(support becoming resistance)
I am waiting to see which slope is in control. I am short term bearish as we are still under the neckline of the H&S pattern but long term bullish as MACD has bullish divergence as price has declined. See...
This chart only shows price and some channels/slopes.
We have both a down trending slope with bullish context as resistance has now become support but also have an up trending slope with bearish context as support is now resistance. I have highlighted the lines I am watching in green. I am just waiting to see which slope shows me that it is in control. I am...
As you can see we have bullish divergence in the MACD. The two previous times this happened, AGNC had nice rallies from their lows. Note also how present price action could also be forming a H&S pattern that has broke the neckline and appears price could be forming a hand suggesting lower prices are to come. IF lower prices do follow and MACD makes again...
AGNC is showing a large AB=CD pattern with an internal Crab pattern. Both patterns complete in the same price zone along with bullish divergence from the volume weighted MACD, so momentum is starting to swing up.
AB=CD Measurments
- .618 / 1.618
Crab Measurments
- 1.618XA
- 3.618BC
PLEASE SEE LINKED CHART FOR FULL ANALYSIS - WE ARE CURRENTLY IN WAVE 1 OF UPTREND AND LOOKING TO BREAKDOWN TO GIVE US WAVE 2. WE DO HAVE A 1-5 COUNT WITHIN THE WEDGE AND ABC CORRECTION SO IF IT DOES BREAK WE COULD GET IN FOR THE SHORT. LOOKS LIKE WE SHOULD OF COME A BIT FURTHER UP BEFORE THE BREAK THOUGH SO THERE IS POSSIBILITY WE MIGHT COME BACK UP THEN DOWN...
STRONG BUY - AGNC - AMERICAN CAPITAL AGENCY CORP - NASDAQ
AFTER A BIG DOWNTREND WE NOW LOOK TO BE BACK ON THE UP AND AT THE END OF WAVE 1 WHICH IS A NICE RISING WEDGE LOOKING TO BREAK DOWNWARDS THAT SHOULD GIVE US WAVE TWO (PLEASE SEE LINKED CHARTS FOR THE CURRENT BREAKOUT) ONCE COMPLETE WILL BE MOVING ON TO WAVE 3 WHICH SHOULD BE A NICE STEADY UPTREND WITH 12...
AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs). Its agency securities include agency residential mortgage-backed securities (Agency RMBS) and to-be-announced forward contracts (TBAs). Its Non-Agency Securities include credit risk transfer securities (CRT), non-agency residential mortgage-backed securities (Non-Agency RMBS) and commercial mortgage-backed securities (CMBS).
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AGNC
