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NYSE:WSM been moving sideways for the last 2 months forming an ascending triangle chart pattern with resistance @ $88 tested multiple times. The stock looks ready to breakout to make a run to whole number $100. #KeepItSimple

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If you traded long enough, you know that no matter how great looking a chart pattern is, it could still fail. NASDAQ:SPTN is a good example of that. The 2 months Cup and Handle chart pattern was very well defined with a breakout few days ago on decent volume. Stock stalled right after the breakout with no follow through and ultimately dropped below horizontal...

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NASDAQ 100 has been in a clear sideways trading range all of July forming a 1 month long rectangle chart pattern. Seems that the all what we will be getting tomorrow is test of upper rectangle boundary also known as Resistance. Don't expect any fire works and resumption of the uptrend until that line is broken decisively to the upside. Keep it Simple!

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NYSE:AMH is breaking out of 2 month rectangle consolidation chart pattern. The breakout could possibly lift the stock into ALL time highs. Keep it Simple!

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Price reached is price target 3 days after the breakout. I have alerted to the rectangle consolidation pattern on July 19th.

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NYSE:AMCR looks ready to breakout from its 2 month cup and handle consolidation chart pattern. The stock in the last few sessions has also broken through a weekly down sloping trend line adding significant to the cup and handle pattern and the breakout when it takes place. Keep it Simple!

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NASDAQ:CERN has formed a 3 months symmetrical triangle consolidation chart pattern. The price has tested the upper boundary multiple times and looks ready to breaking out. A daily close above the triangle sloping line will trigger the next leg up in the stock. Keep it Simple!

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NYSE:QUOT been consolidating for the last 2 months forming an ascending triangle chart pattern. Stock as tested the $8 level multiple times and been acting as strong resistance. The breakout from that resistance level will also coincide with the breakout of the 200 day moving average adding to the significance of that breakout. Chart pattern price target...

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AMEX:INFU been consolidating for 3 months forming a well defined 3 months rectangle chart pattern. the chart pattern is forming right below ATH at $13.25. Once cleared, the breakout should make a run to price pattern target identified on the chart.

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okay, last chart for the night! NASDAQ:QRTEA looks pretty coiled on this ascending triangle chart pattern. if you by the breakout, make sure you take profits around $12. Strong resistance there. Nice setup with the breakout clearing 3 major inflection points (ascending triangle resistance, 200 day MA, and round number $10).

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NYSE:ARD has been consolidating for 3+months carving out an Ascending Triangle chart pattern. Clearing the horizontal resistance triangle and closing above it on a daily bases will also clear the 200 day moving average that has been acting as resistance adding to the validity of the chart pattern breakout. volume pattern also support higher prices.

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and NO, don't short it. Any pullbacks in #gold and #silver are buyable. Do not stop in-front of this freight train. You have to admire this monthly breakout. i am expecting a pause around the $27 level in silver. just a PAUSE :)

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and there she goes. Broke out today on good volume. Posted this over the weekend after coming across this setup during my chart screening. Keep it Simple!

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My position i bought Friday is in the green and stop moved right below that support line. I posted about why i bought this before the breakout on Friday (link below). I am expecting more upside tomorrow. Earnings on the 30th.

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Visa forming 2 months well defined continuation rectangle chart pattern setup. Earnings on deck tomorrow so the breakout might not happen until then. Watch price action after the report and for a close above upper boundary on daily basis for a signal the next leg up is starting. Keep it Simple!

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What a run! Higher prices are ahead. Just need to consolidate a bit at these levels to setup the next run up.

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NASDAQ:TAST looking good for a run to Ascending Triangle price target. The chart pattern consolidation is just shy of 2 months. Could make a run to pattern price target if market firms up.

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Technical Analysis 101. Keep it Simple. not a chart pattern i would trade a breakout on but good illustration of the Support/Resistance concept.