Head and Shoulders plus bear divergence Price on CG has formed a Head and Shoulders and is facing tremendous bear divergence. Good opportunity to short.
1CG trade ideas
$CG Double TOP Bearish (Remains valid)Thought price did not print the projected price target, still the chance to see that achieved is very high. The Double Top pattern forms during an uptrend as the price reaches two distinct peaks at roughly the same price level. Volume reflects a weakening of the upward momentum, tending to diminish as the pattern forms, with some pickup at each high, less on the second high. Finally the price breaks down below the lowest low to confirm the bearish signal
Carlyle Group AB=CD bearish setup $CG setting up for massive short potential after a viscous gap fill attempt/C completion at .707. Remaining neutral until the short term trend line is violated and momentum indicators turn bearish.. Potential daily death cross on the horizon will aid the downslide flight to 1.41 BC projection at D.
Wave-5 commencing!Wave-4 played out as expected, with some nice profits. This is my projection for the next couple of weeks as wave-5 concludes this wave down. ADX is making the turn back to the selling side, while the SMI heads for the cross down. Wave-5 is confirmed by the Bullish divergence when the SMI fails to make a new low.
This is an analysis using the available data from tradingview. If there is older data out there, then please disregard my count.
