This is a correction video representing the Counter-Trend mode of today's BreakAway pattern. I created the first video thinking this was a Trending pattern. Counter-trend patterns tend to reflect a reversal of price direction related to the last 3~5 days price trend. In this video, I go over how I view Counter-Trend patterns vs. Trend/Carryover patterns. Look...
CEINSYSTECH Above image is showing the importance of break away cap gap the consolidation watch almost 2445 days and the structure got 305 to earlier closing 275 if we look the previous consolidation consolidation gives a sense regarding triangle compression that is a technical chart pattern technical analysis after giving a gap stock has given a good...
NYSE:ESAB has been around for many years although it only went public on the NYSE as a Swedish-American company in 2022. ESAB Corporation is focusing on sustainability and connected fabrication technology, which is an area headed for more growth. The stock is 90% held by institutions. ALL of the giant Buy-Side and ETF developers are near the top of the...
🧠By observing the chart, I discovered one of my favorite PA models, and the RSI trading system also gave a long signal. And the wedge support line is strong enough, and I still firmly believe that liquidity is needed as fuel before falling. HOLD👀
✔️Such a PA model also appeared in ETH, and the RSI trading system also gave a long signal at the same time. SL can be placed in 1622. If you don’t know this model, I will make a tutorial and publish it later. 💕Follow me to learn more trading tips💯
UPWK has been forming a base with neckline around 14.50 -15.35. Upon earnings announcement yesterday, it gapped up decisively on huge volume, rising a crazy 44%, and closing right at neckline. What is clear is that it could be near the end of its base building and could begin to start trending up in the coming weeks. The entry is tricky now due to its oversized...
RRGB has the hallmarks of a stock that could potentially be a great winner. It broke out of it's base formation on 1st March on earnings beat with a strong breakaway gap (Breakaway gaps signify the beginning of a new trend and does not get filled in the near term). It then proceeded higher over the next few days before pulling back to the breakup level @ 10.60...
W had begun to form a saucer base pattern since Sep2022 (4 months basing), eventually cumulating to a break above it's neckline last Friday ( 20 Jan23) on very large volume. The following Monday on 23 Jan23, W announced it will cut 10% of its workforce and the market reacted by gapping the stock straight above it's 200 day moving average on yet another high...
Platforms ahead of earnings is an important pattern to watch for. Platform-building markets develop on the dominance of institutional investors buying quietly with controlled orders via the Dark Pools. NFLX has a classic "quiet accumulation" pattern, also known as a Dark Pool buy zone. These platforms provide strong support for the bottom formation, especially...
NET gap out of a right angle triangle with extremely huge volume. This is likely to be a "breakaway gap" which usually occurs at the beginning of a trend and the odds of this gap closing in the near future is slim. There is a near term possible resistance coming up (filling of a prior gap) at around 77-78. Any dips going forward should be opportunity to long as...
F's downtrend started to flatten out from mid June (trading between 10:65 - 12.45), eventually breaking above the "neckline" @ 12.45 on 19 July. It retested this neckline a week later and held, giving conviction that this previous "resistence" is now a new "support". Today it gapped up on strong volume as earnings had surprised to the upside. It is likely that...
Hello traders and investors! Let’s see how the SPX is doing today! First, it broke our key point at 3,810 by doing a gap, making this a Breakaway Gap, a bullish continuation pattern. Now we are just doing what the index was supposed to, and it almost filled the gap at 3,900 today. In addition, you may say that the SPX broke the neckline of an Inverted Head and...
FB hit a low of 169.589 on 27 Apr on high volume and then gapped up strongly the next day on even higher volume (due to positive earnings). There is a chance that it could have capitulated after having dropped about 56% from it's peak in Sept 2021. It could stall around near term resistence (239 to 248) on the way up and I will not be too surprised if it starts...
LULU was forming an inverted Head & Shoulders (a potential sign of trend reversal), which eventually broke up strongly upon Earnings Release. I would classify the gap that accompanied this breakup as a "breakaway" gap (gap that occurs at the beginning of a trend change, usually signifying the new trend has some room to move). However it soon hit into a...
A downtrend that had reverted to forming a base in the past 2.5 months with "neckline" at 85.50 +/-. There was a strong gap of abt 10% on 28 March on huge volume which hit right into the horizontal resistence around 85.50 and experiencing some pullback since. As this is likely a "breakaway gap" (a strong gap that occurs at the begining of a trend reversal), the...
RBLX was meandering sideways for 5 months before it staged a strong Gap to "all-time high", breaking previous high water mark @ 105. It then dipped briefly for the next 2 days, retacing 50% of its strong move up (AB). The gap was partially filled before it quickly staged a strong rebound last Friday. This chart has the hall marks of the start of bigger...
* Great earnings * Very strong up trend * High relative strength in the Industrial sector * Broke out of a ~7 month consolidation period with very high volume (162.6% above average) Note: With very high volume on earnings, this very well may be a break away gap and may continue going higher from here. Trade Idea: * You can enter now and ride higher. * Or...
Downtrend Wedge Breakout Breakaway Gap Gap above SMA50 WR buy signal OBV>OBV34 Entry 24 Stop 20 Target 40 Risk management is much more important than a good entry point. The max Risk of each plan should be less than 1% of an account. I am not a PRO trader. I trade option to test my trading plan with small cost. I created some tradingview scripts to improve...