Sometimes we just have to keep it simple. tradingthecow.blogspot.com
Nice recovery. Upside is there and we can use fibos for targets. tradingthecow.blogspot.com
We have the ratios for a bullish bat pattern. The potential reversal zone is identified so let's wait for the reaction.
Despite the good setup, i still think there is room to reach new highs. Let's wait and see.
Good technical behavior! We can wait for a technical breakout, however it seems that the stock is already preparing to rise.
We have a 50% retracement, so let's see if buyers can hold the stock and avoid the AB=CD pattern.
This one is on the move. Trend break and volume profile is there.
Nice potential for an upside movement. This is a typical profile trade.
We have confluence on this chart. First there is a strong support that you can extend more to the past and will find important levels that worked and second we have the ratios for a butterfly. Let's see how this works.
Found this one when i was looking to the emerging markets scenario. The perfection on the ratios is pretty impressive. The AC goes beyond the 0.618, however the ABC is the only part where we can apply some kind of discretionary criteria. So i conclude that we might have an emerging trap in front of us.
Cable is overbought, and there is a Three Drives Pattern taking place. Just take notice that the ratios on the chart diverge from the optimal pattern.
Expect some downside due to negative oscillator and bearish pattern...