Classicalcharting
WDR Forming 3 Month #Rectangle #ChartPatternMultiple tests of rectangle resistance setting up for a breakout run.
NG Forming 3 Month #Rectangle #ChartPatternAMEX:NG been trading between $9.80 and $8 for 3 months forming a rectangle chart pattern. A down sloping trend-line is now also conversing with the rectangle resistance boundary. Breaking these 2 resistance levels will add to the validating of the breakout and triggers a long entry.
SIEN Forming 3 Month #DescendingTriangle #ChartPatternNASDAQ:SIEN forming 3 month descending triangle with $3.55 acting as support. A decisive break of that level would set the stage to short setup entry.
WWE Forming 4 Month #Rectangle #ChartPatternNYSE:WWE been trading sideways for 4 months forming a 4 month rectangle chart pattern. A daily close below $41 support level will confirm the breakdown and a run to chart pattern price target.
LIVN Forming 4 Month #Rectangle #ChartPatternQuite a few short plays are setting up on my watchlist. I've posted few yesterday and here is another one. An almost 4 month rectangle setup on NASDAQ:LIVN with the latest bounce from support stalling at the 20 MA and turning back down indicating possible weakness that could lead to a breakdown out of the rectangle chart pattern.
$PRSP Forming 3 month #DescendingTriangle #ChartPatternNYSE:PRSP is setting up for a possible descending triangle chart pattern formation breakout on the short side.