Lower dotted trend line shows the left and right shoulder.
The head structure is slightly lower.
I expect a small dip to the dotted line and then a rise back up to break the upper resistance.
This is shown with the bars pattern.
Hey investors, AMERICAN EQUITY INVT LIFE HLDG CO is in a fake bullish compossion with low traded buy volume and sellers shadow. By leaning on the TIMEFRAME M1 we can see a marubozu with an abnormal purchase volume she left to test the comfort zone. It is plausible that the breakout in force at the same time the price thereafter and go to the second zone to go to...
Without entering into controversial because my job is to find opportunities in the market.
I need to put ideas in the desk of other people (Traders) because they need variety of ideas.
Nothing personal but I prefer Banks.
No comments about Technical Analysis
Testing the outside edge of this weekly pitchfork. Strong weekly support through $24.50-$25 area. Potential to trade back inside the pitchfork towards the median line ($30+). A stop below $24 would be suitable for this setup, which is about 2x the average true range and below all relevant support. R:R of almost 4:1
American Equity Investments is currently consolidating in a long term pennant formation after a year long 100%+ run up. Looking into the intermediate daily price action, some interesting moves have been taking place which may lead to a breakout/next leg up. While it's still early, the recent inverse head and shoulders neckline break above the 50 day ema marked an...
