For every Cup and Handle you show me that worked out I could show you at least one that failed. But here she is. There is a potential cup and handle pattern forming. Last Friday will have marked the beginning of the handle. The target of this potential pattern is 129.36. But since these patterns are rarely successful and accurate to the penny, I am just going to...
Alcoa has had the unfortunate circumstance of being thrown in the same group as many companies who are suffering because of the drastic fall in commodity prices. Currently there are two patterns targeting around 8.50-8.80. One is a bullish shark that has a potential PRZ between 8.78 and 8.57. The other is an AB=CD pattern targeting a PRZ at the 1.272 extension at...
It is both a pleasant and an awe-inspiring surprise when we traders catch a glimpse of the many hidden complexities in the financial markets. How various patterns, indicators, and so on can converge together to paint a picture so clear in what much of the time appears to be total chaos. On this chart of MNKD, the picture is far from clear. But there are two...
