A "Stewie Pattern" is an inverse head and shoulders pattern. When I highlight it, it sort of looks like Stewie, from Family Guy. In this case, the /ZB is trying to bottom out, but the MACD needs to work off the overbought condition. If the MACD can get back to at least the zero line, and the /ZB retains this bullish structure, then I would look to get long.
ChrisBrecher
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ChrisBrecher
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.