keep it on your watch list!
Road Map for next week earning call!
If you have the stock better have a tight stop loss or exit plan!
watch the stock closely for the short opportunity, since the market did not respond well to earning reports in the last 2 weeks!
Evaluate the possible scenarios:
1- What Is a Triple Top?
A triple top is formed by three peaks moving into the same area, with pullbacks in between.
A triple top is considered complete, indicating a further price slide, once the price moves below pattern support.
A trader exits longs or enters shorts when the triple top completes.
If trading the pattern, a stop loss can be placed above resistance (peaks).
The estimated downside target for the pattern is the height of the pattern subtracted from the breakout point.
https://www.investopedia.com/terms/t/tripletop.asp
2-What Are Three Inside Up/Down?
Three inside up and three inside down are three-candle reversal patterns that appear on candlestick charts. The pattern requires three candles to form in a specific sequence, showing that the current trend has lost momentum and a move in the other direction might be starting.
https://www.investopedia.com/terms/t/three-inside-updown.asp
3-Trading value!
When prices reach new highs (or no lows) on decreasing volume, watch out; a reversal might be taking shape.
The constant decrease in trading value from 9.5 billion to 1.5 billion in the last 4 months.
https://www.investopedia.com/articles/technical/02/010702.asp
4- Bearish harmonic pattern
https://www.investopedia.com/articles/forex/11/harmonic-patterns-in-the-currency-markets.asp
If you have the stock better have a tight stop loss or exit plan!
watch the stock closely for the short opportunity, since the market did not respond well to earning reports in the last 2 weeks!
Evaluate the possible scenarios:
1- What Is a Triple Top?
A triple top is formed by three peaks moving into the same area, with pullbacks in between.
A triple top is considered complete, indicating a further price slide, once the price moves below pattern support.
A trader exits longs or enters shorts when the triple top completes.
If trading the pattern, a stop loss can be placed above resistance (peaks).
The estimated downside target for the pattern is the height of the pattern subtracted from the breakout point.
https://www.investopedia.com/terms/t/tripletop.asp
2-What Are Three Inside Up/Down?
Three inside up and three inside down are three-candle reversal patterns that appear on candlestick charts. The pattern requires three candles to form in a specific sequence, showing that the current trend has lost momentum and a move in the other direction might be starting.
https://www.investopedia.com/terms/t/three-inside-updown.asp
3-Trading value!
When prices reach new highs (or no lows) on decreasing volume, watch out; a reversal might be taking shape.
The constant decrease in trading value from 9.5 billion to 1.5 billion in the last 4 months.
https://www.investopedia.com/articles/technical/02/010702.asp
4- Bearish harmonic pattern
https://www.investopedia.com/articles/forex/11/harmonic-patterns-in-the-currency-markets.asp
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.