BL - Triple BottomA triple bottom pattern
Or you could consider it an inverse H&S but its too close for that in my liking
Possible reversal?
0.16USD
−29.391MUSD
522.938MUSD
49.693M
About BlackLine, Inc.
Sector
Industry
Headquarters
Woodland Hills
Website
Employees (FY)
1.814K
Founded
2001
ISIN
US09239B1098
BlackLine, Inc. operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance. The company was founded by Therese Tucker in May 2001 and is headquartered in Woodland Hills, CA.
$BL Failed Breakout/Reset Setup$BL lower RS name @ 77 as its been going sideways for few months potentially putting final days in stage 1 phase.
Failed breakout/reset setup. They've been working for me.
BL - Bump and RunBump and Runs are considered in my eyes a neutral pattern once complete.
If you catch the bump expect a large run up, above the main trend line .
Following this expect the 'run' where price runs back to the major trend line in green.
BL - potential bullish H&S PatternIt is likey the low of 49.66 hit on 12 May is "the" low for now as we see a bullish pin bar has formed on the monthly chart on relatively high volume.
Now appears to be forming the right shoulder of a Head and Shoulders pattern with neckline around 78. A breakup of this neckline (preferably on rela
BlackLine-Time to buyBlackLine holds its RSI support. Also, you can easily see that it has broken its RSI descending channel.
From the MACD point of view, it has a hidden divergence, as shown in the chart.
From an overall perspective, it is a golden time to buy BL!!
The target points are indicated in the charts.
BL 🌦Two fractals inside the running flat Elliot correction wave is enough for me to deduce that my pattern is on the right track. I Might buy some calls.
*** This is not financial advice, it is merely my opinion***
BL FORECAST I got the break of the low, (C) was lower than (A), This is what I look for before opening a position in calls. I believe Inflection points (A B C) reveal alot about the stock's behaviour.
BLACKLINE Publication Hey traders, BLACKLINE is in a very important moment in its history we can witness a new historical high. It's in a bearish fake setup with a hammer candle and a fake high volume traded sell. Looking at the TIMEFRAME M1 we see a dash with a low volume of chat performed, it goes towards the base of t
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