An idea for NVT showing an inverted H&S on an angle
This is within a large broadening wedge or megaphone shown with the triangle.
I expect this to break down and allow the right shoulder to form.
$NVT looking good here. My only concern is the constant higher than avg vol. in the pivot area.
otherwise:
*Tightening (orange background)
*OBV multiple NHBP
*Strong prior uptrend (numerus pocket pivots)
We may see a year end rally, however it may come in split fashion.
Indexes are diverging, and after a period of outperformance, former leading growth stocks are smashed, many of them are in their own bear market. Biotechs, semiconductors and the software sector continue to slump.
Although the S&P 500 lost about 1% on Monday, it is still trading near record highs,...
Hello traders, NVENT ELECTRIC PLC is in a bearish dynamic fake with a long upside down hammer candle with a fake return of sell volume executed. Looking at the TIMEFRAME M1 we see a shape of a hammer candle upside down with a high volume of sales issued, it has come to test the bottom of the comfort zone. To go on its last low point with a possible check of the...
