In the past, the 10Y treasury yield is an excellent indication of the inverse of stocks. This way, a Head and Shoulder pattern will indicate the fall in treasury yields, implying stocks will begin to rally.
Inverse head and shoulders on daily time frame. I do expect it to come down some more this week and possibly next week to form the last "shoulder". Then I expect it to continue its trend reversal. NYSE:BABA Bullish until EOY at least
- With the current state of the market, AAPL can still see a drop in price. If we look back on the chart, we have a strong support zone of around $137. This zone is also confirmed by a gap up back at the beginning of July. AAPL will have to fill that gap up and it will hold that zone because in the past it was a strong area of resistance. If we don't hold the...
AAPL has been trading in an upwards channel for quite some time. It is approaching the resistance of the channel soon. As the end of this trading week (September 3rd) AAPL is in a triple inside candle pattern. We will likely see it breakout to the upside and see resistance at the 157 area. Another sign of a bearish outlook on this chart is the decreasing RSI....
The price of aapl has been rising this past few weeks, mean while the RSI indicates a descending channel. This shows bearish divergence. If we get a breakout on the channel then this would be bullish but for now it seems bearish.
My first time drawling supply and demand zone for a stock (or etf ). Please let me know how I did and give me any feed back that I could use. The green is the demand zone and the red is the supply zone . I put in a purple box which indicates a "balance" zone where buyers and sellers are at a balance, which is where price consolidates. the balanced zone is usually...
