BPOP trade ideas
POPULAR Chart DailyHello traders, POPULAR is in a bullish movement with low buy volume issued and a trace made by buyers. The TIMEFRAME M1 shows a bullish continuation with high selling volume in the middle of the session. And on the last candle a low volume of purchase executed it is likely to break a stabilization zone. Strong likelihood of closing the bearish breakout gap to go to the next high (See TIMEFRAME H4). And if buyers are still in the game, come and test the intermediate median.
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Symmetrical Triangle Falling WedgeThe Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam.
A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend.
The triangle can go either way
Large effective volume and a pocket pivot today
Happy trading
Bank vs. Cryptocurrency #5 (BPOP)Do not think that banks stocks are boring, better look this strong price, resistance breakout, plus a gap
This is the price action:
There are several weekly candlesticks consolidating above the resistance line and even the past week inside of this candlesticks there are big intraday gap that is filling and now is a pullback in progress with the intention of testing the new support.
(red arrow) is signaling the intraday gap.
I am Analyst and Stock Picker and I put ideas using weekly charts
but swing traders prefer daily charts with your own set up
BPOP Top Rounded Bearish SingalIn trading, you need to have a solid plan before you trigger the trade both exiting and entering. As you the start of the the rounded top volume kicked in and increased during the the pattern, and at the end or at the bottom volume decreased. This gradual shift from uptrend to downtrend may give you a good entry provided the price breaks downward from the low of June 17 at and around $30.80. The Rounded Top represents a slow and gradual reversal of the trend from up to sideways to down. Volume diminishes near the bottom as the stock trades within a range and finally bursts as investors become more decisively bearish. While rarer than other reversal patterns and often longer term, Rounded Bottoms usually mark a major turnaround. If you like it follow us..more to come.