The Nasdaq .IXIC has been growing increasingly RSI Divergent which could see the tech sector rebound. If the neckline of the double bottom is crossed around 12000 near term gains can take the index to an inverse Head and Shoulders pattern (green path).
On the other hand if the resistance is strong at the neckline, the descending triangle pattern could play out,...
In this weekly chart we can more easily see the rising Head and Shoulders pattern, followed by a long flag pattern lasting over two months. The H&S pattern is confirmed by the volume and with the breakout from the flag today (closing price at $35800 at time of writing, or more than 3% previous close), we next must watch the green dotted line support. If the...
The meme stock still feeling vibrations from its huge bull run last year. Looks like it may be on a bearish trend that could reverse if the pennant holds true. If the stock breaks the formation to the upside, expect it to run up to the top trend line between $160-180.
RSI is not showing signs of Divergence so on the other hand, GME may continue down and test the...
I have been watching this pattern on .IXIc develop for over a year, and with much negative news influencing the markets, it looks like we may be close to a bear reversal in the medium trend.
The drawn pattern on NASDAQ shows almost identical two hump left shoulder. One property of a H&S pattern is symmetry, which seems to occur with the two humps on the...
