Price is has been stalled at the neckline. Half of the candle today is above the neckline.
Price needs to break the neckline in an uptrend.
LMT has broken from a bullish falling wedge.
Price is cupping but no where near long entry for the cup and a handle has yet to form.
Not a recommendation.
NOC is trading in a very similar pattern. NOC also has an inverse head and shoulders but there is not a falling wedge.
Price needs to break the neckline in an uptrend.
LMT has broken from a bullish falling wedge.
Price is cupping but no where near long entry for the cup and a handle has yet to form.
Not a recommendation.
NOC is trading in a very similar pattern. NOC also has an inverse head and shoulders but there is not a falling wedge.
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.