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Rectanglepattern

$CNC ready to break out of its ~5 month basse?Notes: * Very strong up trend on all time frames * Great earnings track record * Building a base on base pattern * Held up very well against the general market and its sector * Recently bounced from its 50 day line * Printed a pocket pivot with higher than average volume * Saw a lot of demand around the 50 day line a few days ago with a strong bullish hammer Technicals: Sector: Healthcare - Healthcare Plans Relative Strength vs. Sector: 1.15 Relative Strength vs. SP500: 1.1 U/D Ratio: 1.22 Base Depth: 18.61% Distance from breakout buy point: -1.98% Volume 39.0% above its 15 day avg. Trade Idea: * You can enter now as the price is still close to the 50 day line and just printed a pocket pivot * If you want a better entry you can look for one around 86.8 as that should hold as support moving forward * This stock usually has local tops when the price closes around 11.18% above its 50 EMA * Consider selling into strength if the price closes 10.98% to 11.38% (or higher) above its 50 EMA * The last closing price is 6.04% away from its 50 EMA
NYSE:CNCLong
by HaseebKhan_90
Thoughts on GBPUSD (Bearish possibility)Although the market is consolidating, the market is moving on a price range and making a rectangle pattern. We just have to wait for the price to give us the entry whether is a sell or buy. I'm inclining to believe that gbpusd will go for a short position and mostly because we've been in a bearish market this past months, but we just have to wait for the price to tell us what it's going to go. Target would be the green lines depending what the market does in the future. Do you have any other ideas? Let me know on the comments.
by pinoso
XTZ (TEZOS) ANALYSIS UPDATEGood analysis is not the one that is perfect but the one that has numerous backup plans to reduce probability to the minimal. Following XTZ for the past few days we have 4 different pattern in place the up trendline which failed along the line, the Wolfe pattern which was truncated, the ascending triangle which as well failed (got me remembering the old time rule which says never risk more that 2% of your portfolio on triangles), and finally, the rectangle pattern!. Now its heading towards resistance of the rectangle. if price closes above the rectangle with volume then go long else, watchout it could still go back to it origin.
by DewyCandles
TRV: RECTANGLE PATTERN BREAK WATCHRectangles can extend for a few weeks or many months, and provide great trade opportunities every time the stock touches the top or bottom of the rectangle, until it finally breaks to the upside or downside. TRV has been trading in a range (146.75 / 162.77) since February, forming a rectangle pattern. Generally, the longer the pattern, the more significant the breakout . I will watch for a break of 162.77 and enter a long trade only if we break this level. First target at more or less 180.
NYSE:TRVLong
by Elpidaldo