Candlez

Candlez

As stated the macd has crossed with the volume indicating bearish divergence .last time macd fell from this height the drop was significant . the RSI is way oversold and has also crossed indicating bearish momentum. my buy sell indicator has also turned to a sell with the momentum indicators, crossing from a good height indicating a possible significant drop.

Candlez

Nasdaq-100 is currently above a support line that has historically been important.

Candlez

The bull pennant is a bullish continuation pattern that signals the extension of the uptrend after the period of consolidation is over

Candlez

Double bottom is a trend reversal chart pattern formed after prolonged downtrend. Let’s look at picture shown below, At point A, the downtrend is proceeding as expected with no signs of a bottom and takes corrective push up to point B, Then market dips again to point C, and isn’t able to reach the bottom of the previous trough at point A. To continue an downtrend,...

Candlez

Double bottom is a trend reversal chart pattern formed after prolonged downtrend. Let’s look at picture shown below, At point A, the downtrend is proceeding as expected with no signs of a bottom and takes corrective push up to point B, Then market dips again to point C, and isn’t able to reach the bottom of the previous trough at point A. To continue an downtrend,...

Candlez

The bull pennant is a bullish continuation pattern that signals the extension of the uptrend after the period of consolidation is over. Unlike the flag where the price action consolidates within the two parallel lines, the pennant uses two converging lines for consolidation until the breakout occurs. To identify a bullish pennant, you'll need to watch for two...