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.
Based on patterns, expect a higher move for ED
Zoltar says stars are telling him ED has broken a major support and more downside to come. Look out for low 60s, but could head much lower.
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....
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ED has strongly obeyed this principle over the years! RSI is yet to determine a "bias".
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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.
Stochastic will be the first to indicate a long position and the EW oscillator will follow
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...