About meI am a nurse by trade but I love to trade. I also teach yoga and like to shoot pool. The water is my favorite place to be, or camping and hiking in the mountains. I want to travel everywhere and see everything the world has to see (o:
Price would need to break neckline in a confirmed downtrend.
Targets 2 39 to 23
If price breaks the neckline, in an uptrend, this pattern would have failed as the neckline is now resistance. Bull markets and head and shoulders patterns do not co-exist well, so be safe.
INSP is a strong stock but has lost quite a bit of ground with the recent pull back/correction.
The top doesn't looks so good, but price has not fallen past the neckline in a downtrend as of yet. It may. I thought it was a goner, then had a small pull up. I realize securities on their was down will have buying at certain levels as folks are trying to get in at...
Support at handle low and mid cup/MC. Pocket pivot at 80.80.
Price is above the top band with the moving average set on 20. It is within the bands with the moving average set on 80.
This pattern is not to long entry level today.
One way to guesstimate targets, is to take the pole and project it from the lower trendline of the flag. Not all bull flags break to the upside. but you can place a stop below the bottom trendline.
BRP Inc., together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products...
Bull Flag. Bull flags can break to the downside as well as the upside.
This is a long term hold for dividend purposes. It is not a rocket stock (o: I buy more on pull backs which are usually not severe. Nothing is a given though.
Dividend is monthly at 11.68% yield.
Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT ETN is an...
There are several ways to estimate targets for this pattern. The white lines show two ways, and there is no way to know for sure when buyers will come back in.
A diamond top is more often than not, a bearish, trend reversal, chart pattern.
A diamond top is formed by two symmetrical triangles, so forming a diamond. It is often a lopsided diamond.
A diamond top...
Long term high 331.27 and I would guess there will be resistance there and at prior high of 326.60 as well.
Support at mid cup (MC) and handle low.
Possible support at lower shadow of the long legged doji (LL)
Earnings yesterday and must have been received well.
Targets calculated using cup depth and multiplied by fib levels.
As of late I have been staying...
Price entered this triangle from above so touch 1 is on the bottom. I have found when touch 1 is on the bottom, it seems to break down from the triangle more often than up from the triangle. It appears to be breaking down at the moment.
Symmetrical triangles are consolidation patterns and are neutral until a trendline is broken with conviction. Triangles can...
Bullish engulfing candle today.
The .886 fib level may have been the landing pad, but the bottom is not always the bottom.
Biotech has been up and down so I am approaching this sector with caution for now. I have noted some biotech making daily or every other day yearly low and EBS made a new low yesterday and today although the 2 lows almost matched 58.79...
This pattern does not perform well in a bull market, and performs best in a bear market.
Some would just call this an ugly top, or a complex head and shoulders pattern, as there are multiple shoulders. The complex variety can have multiple heads and/or multiple shoulders.
This is a tall structure. The neckline is a source of Strong support until it is broken...
Deep pull Back in progress after fall from a rising wedge.
The crooked W can also be an ominous sign. AMZN also has a crooked W, more I am sure, but just the 2 I have noticed so far.
This looks to be a bearish harmonic pattern.
AAPL also has broadening trendlines in the overall chart. This is not always bearish or bullish just that the lines are...
The impulse wave (XA) is up so it is a bullish harmonic pattern.
The AB leg bulls back to just below (a candle tail)the .618 which lines up with a Gartley. The BC leg did not peak higher than the XA leg so rule out cypher and shark patterns.
The Gartley should stop at .786. So if it goes past here, this may not be a Gartley pattern, but it is a place to keep...