A head and shoulders top is a common chart pattern in technical analysis that signals a potential reversal from an uptrend to a downtrend. Here’s how it works: The Setup: The price of an asset is rising in an uptrend. The pattern forms as the price creates three peaks (or highs) with two valleys (or lows) in between. The Pattern: Left Shoulder: The price...
Ascending Continuation Triangle breakout to new highs. An uptrend is in play. A stop below the rising supporting trendline offers a good risk/reward.
The S&P 500 SPY ETF broke below its rising uptrend. The RSI is indicating a bearish divergence and also broke below support. Caution is warranted!
HRB consolidation breakout in an uptrend. Just in time for tax season :)
Fedex is breaking out. Looking for a continuation of the prior uptrend to test May 2021 highs!
A falling wedge bullish reversal pattern is in play.
Short term support has been broken. A consolidation zone has been broken to the downside. Good time to hedge/Short. Large caps underperforming.
META has broken above a textbook symmetrical triangle continuation pattern.
Looks like a failure of a Head & Shoulders topping pattern has been confirmed if we close at these levels today.
Gold broke below a symmetrical triangle pattern. More downside is possible.
A strong uptrend remains in MSFT as it hunts for the next key resistance level. Letting it ride and raising my stop.
Consumer Staples continue to strongly outperform Consumer Discretionary. Growth stocks remain quite bearish. Value continues to outperform.
RBC breaking above a declining trend channel. Looking for a break back above the 200-day MA.
RY is indicating a bullish divergence in the MACD. A rebound is taking shape.
RUT breakout from a consolidation in place since March. Look for the prior uptrend to continue.
If you love triangle breakouts, you will love this setup.
CSCO broke above a long term consolidation.