ConfirmedBroke out of falling wedge. Indicates reversal to the upside. MACD curled up. Next R1D65.17 R2W70.95 R3D72.06 R4D75.66 R5D83.56
AVGO
(Daily) The Magnificent Bullish Shark // IF=THEN ®NASDAQ:AVGO
The perfect double top with a nice "V" shape, the neck breakout validating the double top, found support @117.17$, pull back 61.8% forging a nice 2618 short trade setup...
AB=CD pattern ends @107.10$ and from there we have a cluster zone, between 107.10$ and 101.38$ as the next probable stop before completing the Shark.
THE SHARK:
Point B:
61.8% XA
Point C:
113% to 161% AB
Point D:
161% to 224% BC
88.6% to 113% XC
Target:
38.2% to 100% CD
Double top & 2618 trade setup:
Safe Trades;
open.spotify.com
Launching from Earth back to SkyWedging down Triangle. Bullish Divergence in MFI, RSI & MACD. Bullish Crossover on MACD
Regular Bullish DivergenceLower Low, but Higher MFI, indicates Bears are exhausting. High possibility of trend change imo
Support trendThis has served as a good support trend. Today closed at 9/3/12 high which is the same level of support. Next few days will be telling.
AVGO- Winding up? 4-22 Chart wise its all about an upside crossover
of the green line that? ACTUALLY sticks. In the
meantime? The blue lines are support zones in
the event of failure to engage.
Feel free to follow on TWTR at
@AmazingPatterns
For informational and educational
purposes only, these are not
recommendations, trade at your own risk.
