Q: What has the highest probability of occurring?
After being one of the strongest performers in 2020 during the initial UK lockdown the stock lost over 30% of its value.
In 2021 it has staged a modest recovery but is still over 15% below its all time high requiring an over 20% rally.
There is well tested support at 8100p and resistance at 8775p.
There is 2...
Q: What has the highest probability of occurring?
In 2021 cable has also been rotating between $1.42 and $1.37.
There are 2 classic patterns, 1 is validated.
The double top, with a recent breakout of 1.3650 is validated.
This pattern projects 1.3100 as the target.
The double bottom , having recently tested and rejected 1.3600, would need to breakout from...
What has the highest probability of occurring?
Since early May 2021 price has rotated from 7200 resistance to 6800 support and back again on 2 occasions.
There are two classic patterns forming within these rotations.
The broadening top is currently valid with 3 tests of the upper trendline. The recent rejection at 7200 appears to be what Bulkowski describes as...
Q: What has the highest probability of occurring?
There is a lot of volume being traded but the market is moving sideways. The expiration date on the 3rd Friday of the 3rd quarter is approaching. Traders are rolling forward their contracts from September to December.
It makes for quite difficult trading of classic patterns. A rise in false breakouts.
Consider...
Q: What has the highest probability of occurring?
Solid uptrend.
There are 2 classic patterns 1 is approaching its target the other has not validated.
The bull flag from July is approaching its target.
The pattern projects 4570 as the target.
The ending diagonal, that appears to be in a throwover, is not validated.
This pattern projects 4140 as the...
Q: What has the highest probability of occurring?
There are bearish pattern failures followed by bullish pattern validations into an uptrend.
There are 2 classic patterns 1 is validated the other has not validated.
The cup & handle is in breakout and is approaching its target.
The pattern projects $0.2175 per pound as the target.
The bull flag is not...
Q: What has the highest probability of occurring?
In April through July Bitcoin lost over 50% of its value, a crash from its all time high of $64,879.80 per bitcoin.
There is 1 classic pattern that is validating today.
The bull pennant, has tested its pattern high at 50,500 respectively.
Using Bulkowski's knowledge on pennants he states, "They perform an...
Q: What has the highest probability of occurring?
In 2021 gold has been rotating between $1900 and $1700 per ounce.
While a variety of classic patterns have either formed or attempted to form throughout the year there appears to be a broader attempt at a double bottom in 2021.
The double bottom, having recently tested and rejected 1700, would need to breakout...
Q: What has the highest probability of occurring?
Since December 2020 price has not been able to overcome 1.2900 resistance.
There is a combination of 2 classic patterns. 1 is currently forming at 1.2900 resistance.
The cup & handle , which has completely formed has hit its 1.2950 projected target.
The double top , having recently tested and rejected 1.2900,...
Q: What has the highest probability of occurring?
Since February 2021 price has been stabilising on $65 per barrel.
There is a combination of 2 classic patterns forming at 65.00 support.
The inverse head & shoulders, which is in the process of forming the right shoulder, is currently invalid.
This pattern projects 85.25 as the target.
The double bottom,...
Q: What has the highest probability of occurring?
Since early July there have been 4 tests of 132.000 resistance.
There is a combination of 2 classic patterns forming at resistance.
The double top, where both tops have been rejected at 132.000, is currently valid.
The head and shoulders, the head consisting of the double top, would need to break the neckline...
