Double bottom then hit resistance and come back from trendline. Beside the Tesla's bear extinction caused by its own idiocy, now we also have a complete setup for a montly resistance breakout.
As you can see price bounced off the 200ma now breaking through daily resistance. H&S is still intact. $P
It is clearly not going to stop. Continuation pattern show a target well below 50% retracement level. I draw Fib Levels from the previus time price hit the multiyear trend line. You see it bounced at 50%. During downtrend though, to rely on support levels is a very weak strategy. It is way better to observe price action once they hit one, to see how they...
Like in SPX, different chart pattern (Falling wedge) and rising rsi.
DJI is accumulating in a good manner. Volumes are growing constantly. Breakout level is far from been reached and completed, but the target is worth the dreaming.
To all the chartists who follow me: how good is this divergence?* p.s. RSI is 14 days. *Market is clearly accumulating and price action is drawing a not so clear bullish flag pattern.
Looks like it is accumulating on the break-out zone, if it doesn't succede it could implode. $hear $turtlebeach
Typycal candlestick formation after a decline, yet if it is inside bundaries is not clear. Maybe it is testing resistence, who knows, only the future will tell. $SPX $Hangingman
Technically can't be longer than that. Fundamentally eurozone is going through one of the darkest time of its recent history.
$P possible H&S forming on the daily chart. Waiting for confirmation: breakout+volumes spike
$RUT ready to bounce again, for the 4th time in a year and the despite the us dollar index surge?
Seems like $OCDO is reaccumulating. Cup&handle forming inside a flat top triangle. Waiting for confirmation
Just sold $Cron @ $9.00. Probably it is coming back to support now (200MA). Let's wait next midterm elections, because if Democrats win representative it would be a big boost for Marijuana's related stocks.
We must wait till next monday to discover if it can brake it out
Price ranging in the 116 area. Lets see if it holds 50% fib retracement level.