2-year rising wedge broke down and retested.
The retest itself formed another rising wedge.
Stop over this retest high at 51.50. Pattern target is 40.50
10x potential return
Add to position on break of minor wedge
3-year large head & shoulders top forming, with a minor H&S comprising the right shoulder (completed).
The large pattern almost completed in February, but didn't.
Has since reversed up to prior resistance.
Entry now with a small position using a stop over last week's high.
Or wait for the pattern to complete.
2-year topping pattern which has broken out and been consolidating. Ultimate pattern target around 5.90.
Currently in a triangle that has yet to resolve itself. A break down from this small triangle would be a low risk / high reward entry.
Recent earnings release surprised to the upside and created a break-away gap that has not filled. In tandem with below patterns, paints a very bullish picture.
- Long-term view shows a 5-year ascending triangle (blue lines) that has broken out and retested.
- Medium-term view shows an 18-month inverted head & shoulders pattern (pink line) also broken out and...
The mining sector has been through the ringer for 5+ years.
3-year inverted H&S bottom has completed. Including a hard retest the last 2 weeks.
Target around 108
Fairly clean cup'n'handle consolidation in an uptrend.
Broke out >6 months ago, and has now done a hard retest (on extreme US market drops). Looks like stops have swept aside.
Looks ready for a move up.
Minor descending wedge could be used an entry trigger.
After years of battering, the stock found a low >1 year ago.
Most of 2017 has seen sideways consolidation with the recent forming of a Daily pennant.
There are sector fundamentals behind this too, with recently introduced EU tariffs on steel, which has all but dried up Chinese imports. Thus placing SSAB and other solid European steel producers in a far stronger...
Forming a topping pattern with a recent right shoulder in the process.
Potential early entry now, through a spike higher is a possibility. Else wait for pattern completion.
I view the H&S target as a minimum ... it could drop far further
Stock saw strong moves up in 2013 & 2014 off of GFC lows as the global economy rebounded.
Swedish Autoliv made their name in seatbelts but pioneer a wide range of vehicle safety products these days.
2.5 year symmetrical triangle (alt. bull flag) has broken out with some horizontal levels still above.
The flag interpretation Implies a measured move to 1500+ /...
This commodity basket ETF shows a grinding decline followed by a couple of years of basing.
A triangle breakout has occurred with a backtest underway. Good reward:risk trade targeting $20 minimum.
Interesting to see commodity prices picking up in this age of "no inflation" :)
