Tencent has bottomed. - Inverse H&S - High volume - Support from 200 WMA - Support from trend line - Oversold RSI What else bottoming out needs? Nothing IMO.
- Inverse H&S - High volume - Support from 200 WMA - Support from trend line - Oversold RSI What else bottoming out needs? Nothing IMO.
Tencent has bottomed. - Inverse H&S - High volume - Support from 200 WMA - Support from trend line - Oversold RSI What else bottoming out needs? Nothing IMO.
Seems like its working. Multiyear price channel didn't break.
Multiple different stock chart patterns, where every pattern is bullish.
Apple has been trading in a nice looking price channel for a while now. Every time it hits the upper channel line, it gets smacked down.
It worked again. S&P 500 has not been able to break out from this resistance level since GFC.
Third day below 50 DMA. It's clear that breakout has happened. It will take some time before the ship turns. As long as S&P stays below 50 DMA, I am bearish.
after 540 days of S&P 500 going basically straight up there is a crack in "smooth market functioning". Breakout from the rising wedge and breakout below 50 DMA. This will cause a major correction between 10-20%.