AHT - 13 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
0LC trade ideas
AHT (UKX) - EW analysis - correction AHT (UKX) - It is in uptrend and impulse up. The 3rd wave of internal cycle seems finished (if not extend further), so expecting correction down as 4th wave before it resume the up trend as 5th wave. 4th wave would expected to be end near 3600 zone.
Give thumbs up if you really like the trade idea/analysis.
Sharing my thoughts and observations on Ashtead GroupWhile I am expecting wave Y to develop with a swing low from the current point, an alternative way to see it is that it already happened with the low observed on July 31st and we are seeing now the first impulsive wave up (this would be confirmed if the price breaks the channel that contains the whole corrective structure. We'll see.
Ashtead May Make New Highs SoonLast post: May 22nd. See chart .
Review: Price was looking strong and bullish.
Update: Price pulled back slightly but looking strong once again.
Conclusion: We can look for opportunities if price breaks through the previous high.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
Ashtead Still Trending StrongLast post: May 2nd. See chart .
Review: Price continued to look bullish after breaking through the resistance level
Update: Price continues the uptrend and is still looking strong
Conclusion: We can look for opportunities when price breaks a previous high
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
Ashtead Group Keeps Breaking OutReview: Price was using the 50 simple moving average as support.
Update: Price continued to make new highs
Conclusion: The overall trend is bullish and we will be looking for entry opportunities on breakouts.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
Ashtead - Bearish divergence on intraday chartsAshtead could be a perfect stock to play the broader market weakness since it has a bearish RSI/MACD divergence on 4-hour chart. The weekly MACD also shows a loss of momentum.
A major support is seen only at 1365. On the higher side, a daily close above the recent high of 1456 would open doors for continuation of the rally
Ashtead PLC sees bullish break in post referendum world of weak
Ashtead Group PLC – Poised for Bullish break from flag pattern on weekly chart. This goes well with the fact that it derives a majority of its revenue (84%) from North America.
Nice rebound from rising trend line followed by bullish break from flag pattern could yield re-test of 2015 high of 1231.
Caution – Volumes have dropped