Have we reached the bottom? Could a small IHS be forming?
At an important support level. If holds will be a good place to long however, market correction may see this fall and start a downtrend.
At triangle support. Quite brave for longs at current level altough RSI does support long decisions, will wait for confirmation of bounce. If triangle breaks, recent gap support and trendline channel support is below which may be a good position for longs. Significant trading activity will be needed to push the price higher above near resistance levels however.
Interesting PA on Intel, will look for either a pull back to support or breakout of coming resistance - Further notes on chart
Will wait for pull back before going long at support levels on chart
Long Term - Looks to be a bullish symmetrical triangle
Currently trading at channel support - Maybe time to go long. Gap resistance above will wait for a breakout from bullish triangle before going long
Currently trading within a bullish channel after a breakout from a bullish wedge. Would like to see a retracement back to wedge support circa 1045/1050 before going long however doesn't seem very likely at the moment. No position.
Currently trading within a wedge. Failed to break out of the wedge, forming two consecutive inverted hammers (shooting stars) showing weak bull trend plus strong resistance ahead. Will wait for a confirmation of breakout or a break to the downside before taking a position. Interesting next few days ahead!
Dow trading at resistance levels, RSI also at resistance - indicators suggest reversal also ascending wedge formation is present.
Lots of gaps within bull trend looks to be a continuation so far
Currently trading within a bullish triangle. Strong resistance up ahead but does look quite bullish imo. Looking to see if it breaks current resistance and looking to buy back on any retests.