CRM also appears to be in a shark pattern, but would need to break the neckline with an uptrend in place to meet long entry level for the Inverse Head and Shoulders pattern.
LS 285 Head 201.51 RS 208.91
A Belthold candle pattern is bullish, and when found at the bottom can serve as a bullish short term reversal candle. This candle has no lower shadow and closes near the high.
It is risky to trade close to earnings, as we know as security can beat and still go down.
If you wanted to trade the shark pattern, you could place a stop under C. This could make it to B, but it will ht the resistance of the neckline eventually. When price breaks the neckline, it will become support.
There is a pocket pivot under price, but a little ways below it now (green triangle)
No recommendation
Fear can squelch desire Desire can conquer fear (o:
LS 285 Head 201.51 RS 208.91
A Belthold candle pattern is bullish, and when found at the bottom can serve as a bullish short term reversal candle. This candle has no lower shadow and closes near the high.
It is risky to trade close to earnings, as we know as security can beat and still go down.
If you wanted to trade the shark pattern, you could place a stop under C. This could make it to B, but it will ht the resistance of the neckline eventually. When price breaks the neckline, it will become support.
There is a pocket pivot under price, but a little ways below it now (green triangle)
No recommendation
Fear can squelch desire Desire can conquer fear (o:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.