- While demand has been pushing the stock price higher, on this day, there was significant selling. While buyers managed to bring the price back to near the open, the initial sell-off is an indication that a growing number of investors think the price has peaked. - The hanging man patterns that have above average volume, long lower shadows and are followed by a...
potential H&S within a larger H&Si target would complete the missing right shoulder of the H&Si
- In 93% of cases, the exit from the head and shoulders pattern is bearish. - In 63% of cases, the price reaches the objective of the head and shoulders pattern when the neck line is broken. - In 96% of cases, the bearish movement continues at the break in the neck line. - In 45% of cases, after exiting, the price makes a pullback in resistance on the neck line of...
I will let the others do the heavy lifting... If it breaks the resistance, likely a good deal...
Strange behavior given the situation... Wouldn't touch that stock...
Since 2007 perfect correlation. If you expect yields down... get some 🥇 Read below
Trend intact Double Top Bearish Divergence CMF turns negative & Diverge
Looking better than gold but the H&S is scary. Same Bull divergence as gold. Gold Zone + Vol Shelve + Bull Div + Channel should offer some support for now...
For the pattern to be valid, several rules must be respected: - The cup with handle pattern must be preceded by a significant bullish movement. - The cup’s lowest trough must be under 50% of the bullish movement that preceded the pattern’s formation. - The handle's lowest trough must be under 50% of the cup’s height.
Applied bar pattern of the previous 2017-2020 period on the current bear run.
This is a bar pattern of 2000 put on the Current NDX chart. See some analogy?
notes on the chart