ADBE just broke out it's huge bull flag looking like it might fill that gap it has next week.
Most breakouts lead to a retest of the previous resistance now support. Looking for a retracement next week to the support area for a bounce back up.
What are your thoughts ? I'd love to have a chat about other high probability setups..
As we can see here HST has been moving in a huge symmetrical triangle as we can see here the stock consolidates for about 2 weeks and a half once touching down at support before breaking out to the upside to once again touch the resistance.
Things to NOTE:
1. Bullish Divergence on the RSI
2. Inverse H & S @HERE
3.Bullish PIN BAR on the WEEKLY time frame...
As we can see today the SPY bounced up from it's trendline in the morning, breaking out on a major resistance.
Two scenarios can happen tomorrow
#1
VIX bounces from the trendline causing the SPY to go down which would invalidate todays breakout and cause it to come back down. Considering that both the SPY and VIX have an opposite GAP it could go either way....
Hello Traders,
BIDU has been moving with the trend for the past couple of weeks bouncing of it every time. As you can see BIDU will have a breakout soon which can yield high amounts of profits with minimizing risk play as you will.
Best of luck in the markets..
Hello traders this is my analysis for ticker symbol NYSE:BA .
Two possible scenarios that can play out this week.
First scenarios market has a bull rally tomorrow morning which I will be looking for a reject in the area of 130 - 132.86 this will complete the right shoulder confirming this pattern and will be shorting after it breaks the neckline 126.89...
