100% targets for each pattern met almost on the nose! Price has turned down for now. The top line of the rectangle, which was resistance is now serving as support unless it is broken. No recommendation
Descending, Ascending and Symmetrical triangles are neutral patterns. Ugly red candle today when price hit the top line which is resistance. Some would measure the wide end of the triangle and project it up or down to guesstimate targets. The targets are calculated at the break point though and this triangle remains intact for now. No recommendation
Earnings today AMC. Possible RSI Divergence. Price is traveling in a Rising Wedge that is not valid until the bottom line is broken and it has not been broken as of yet. I have noted that rising wedges which are bearish in the end, can be especially ominous at earnings. It is possible for price to break up from a rising wedge and as the 2 upsloping lines...
Earnings 8-30 AMC. Neutral pattern until broken. Dark Cloud cover candle pattern right this second but the red candle is close to engulfing the prior green candle. Short interest around 4%. No recommendation. 52 Week Range 44.12 99.68 Day Range 71.71 74.17 EPS (FWD) 0.91 PE (FWD) 80.46 Div Rate (TTM) - Yield (TTM) - Short Interest 4.08% Market...
Neutral pattern until broken with a trend in that direction. The top line slopes down and is resistance. The bottom line slopes up and serves as support. Price is at support. No recommendation.
Price appears to have been in a Rectangle which is a consolidation pattern. Rectangles are also known as Horizontal Trading Ranges and these can break up or down. This one broke to the upside. Looks like a rising wedge formed which is bearish in the end, although price can break upward from a rising wedge. Price fell out of the wedge to the downside. Rising...
Top line is virtually flat. Bottom line slopes up. Price is at support today, All 3 triangles types, symmetrical, descending and ascending are neutral until broken.\\No recommendation. This is a loose triangle. Tight triangles perform better. Price is close to a gap that may provide support.
TSLA appears to be forming an M pattern which is possibly a Shark. This stock has a history of forming harmonic patterns. Time will tell. I marked the .886 and the 1.113. There are other support levels below price. No recommendation/Recent fall from a bearish rising wedge at earnings. Close to oversold status on RSI
W patterns are bullish on the 4 leg up until a target is reached and they tend to reverse. The 1st leg of a W pattern is always down/bearish. A piercing candle consists of a red candle (bears) then a green candle (bulls and the green candle will close half or more at the length of the prior red candle. This is considered to be a bullish candle pattern but most...
Price broke up from this rising wedge even through rising wedges are bearish patterns. Both lines slope up and converge squeezing price out of the apex and it can be to the upside, but more often it is to the downside. If price is squeezed to the upside, there is an eventual reckoning and the pattern is always bearish in the end. Yet the pattern is not valid...
Both lines slope up and converge at the apex. This is an area of over-supply. This pattern is not valid until the bottom line is broken and is support until then. No recommendation.
Neutral until broken. Candle of indecision at this moment/spinning top. No recommendation
The triangle is within a large rectangle. Both patterns are neutral until broken. Tough Resistance overhead. Earning 8-31. No recommendation. 52 Week Range 277.50 394.54 Day Range 375.00 382.72 EPS (FWD) 11.93 PE (FWD) 31.58 Div Rate (TTM) - Yield (TTM) - Short Interest 2.12% Market Cap $47.86B Volume 229,228
There are also bullish patterns consisting of a cup and an inverse H&S that have taken AAPL to a high of `198.23. Rising wedges are bearish but sometimes price does break up from the apex of the converging upsloping lines. FOMO can cause a RW. There is too much supply within the wedge and when the bottom line is breached, extensive selling can occur. Cups are...
Price has reached almost the exact mark of a 100% move from the Triangle. The measure of the wide end of the triangle is projected from the point of the break to guesstimate targets. This one has reached the 100% mark (dashed line) but it is possible for a triangle to reach a lower or a higher level that 100% Ugly red candles on daily, weekly and monthly today...
Earnings 8-17 BMO. Price is traveling in a Rising Wedge that is not valid until the bottom line is broken and it has not been broken as of yet. I have noted that rising wedges which are bearish in the end, can be especially ominous at earnings. It is possible for price to break up from a rising wedge and as the 2 upsloping lines converge at the apex, price can get...
Earnings beat. Conflicting patterns as a cup is bullish and the wedge is bearish. Rising wedges are not valid until the bottom line is broken, so this wedge is not valid as of yet. Rising wedges can also break to the upside which this one did. Some would say a RW is caused by FOMO. It exhibits too much excitement and it causes too much supply. When price...
TSLA has broken the bottom line of the Rising Wedge so the wedge is valid. Possible M pattern forming but this can change Completed legs denoted by white lines and incomplete legs denoted by dashed white line. Levels of possible support are green dashed lines. If this is a Shark, the .886 and the 1.113 are marked. Watching but this could be a waiting game to see...