lauralea

lauralea

W pattern. No telling what will happen so I will not venture a guess. I just see V2 is lower than V1. This pattern is know to reverse at the end of that 4th leg of the W. Price is on the 4th leg. This could be a Cypher that ends at the .786. No recommendation. Good luck!

lauralea Updated 

Neutral pattern until broken. Also known as a horizontal trading range and is considered to be a consolidation pattern. The top line (red) is resistance. A break of this line with an uptrend is considered to be EL. The bottom line is support and a break of this line with a downtrend is used as ES. Targets over the structure in green are for a break to the upside....

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A structure is forming with both trendlines sloping up and narrowing at the apex. This is called a Rising Wedge and these are considered bearish. However this one formed after a steep drop down, so one could add a pole and call this a pennant. The targets for Pennants and Flags are calculated using the pole. The structure at the end of the pole can not go on and...

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SHORT interest is over 8%. The target is D. Possible stop below C. This pattern forms over and over in the market and is a measured move down. Price hits C and goes back up. When D is reached, the target, this pattern often reverses. The Auto-fib indicator on TV can help one spot this pattern. C will be at the 0 level of the fib table using this indicator. If...

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Complicated chart and sorry for the messy look but there is a lot going on here )o: This was a difficult chart to analyze due to M structures that I tried to differentiate by calling the larger M, M1, and the smaller M is M2. M1 and M2 are also marked on the fib levels as they differ but they also line up with both fib tables, just different fib fractions at each...

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Earnings beat yesterday yet FANG went diving today. Very long tail on today's candle but it found support in a recent gap. Loose symmetrical triangle noted. Support line blue versus green due the piercing on the line today. Price is within the structure again at close. No recommendation. Diving Dojis can spell trouble, but not always. Probable Bearish RSI...

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Price is at the resistance line today but there is another level right above when price broke the top line but failed to continue up (throwback). Throwbacks can hurt performance and are different than pull backs. I used the term loose triangle as price does not completely fill the upper and lower lines. Tight triangles perform better than loose triangles. No...

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Also known as a horizontal trading range and is considered to be a consolidation pattern. The top line (red) is resistance. A break of this line with an uptrend is considered to be EL. The bottom line is support and a break of this line with a downtrend is used as ES. Targets over the structure in green are for a break to the upside. T1 is larger type than T2...

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The target is D. Possible stop below C. T1 has been met. No recommendation. This pattern often reverses when D is met. Short interest is almost 11%...

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The first ;eg of a W pattern pattern is Down. The last leg, leg 4, is Up. Valley 2 (V2) is lower than valley 1. This brings a few patterns to mind as only a few have this scenario. A Cypher is measured from the top of the 1st leg to the bottom of the 3rd leg (V2) and terminates near the .786. Price pierced the .786 today with a candle shadow. The Nen-Star is...

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Price appears to be in the nose of a Symmetrical Triangle. Almost like a vacuum the 2 lines converge when a symmetrical triangle forms. The one is unusually narrow at the apex which may indicate a break one way or the other soon. Neutral until broken. Targets in green are for a break to the upside with T1 in larger type than T2 and so on. Orange type was...

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Not valid until bottom line is broken. Rising wedges can be long term patterns but are eventually broken. The rising wedge pattern typically occurs after an uptrend and signals a potential reversal in the security's price. It is a bearish chart formation commonly observed in technical analysis within the context of trading and investment. It is characterized by...

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I guess the sky is the limit with LLY. Earnings received well even though negative on EPS and a EPS miss. Price appeared to be forming an M pattern but has made another leg up. Resistance overhead. No recommendation. BEWARE of the dog, but that cat can be shady too (o:

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Neutral until broken with a trend in that direction. All 3 triangles, ascending symmetrical or descending, can break up or down. Price is at the upper line today which is resistance. Support and resistance levels were made to be broken. No recommendation/possible W pattern.

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Top line is resistance and slopes down. Bottom line is support. Neutral pattern until broken with conviction. Price has broken support a while back and recovered. Price is now inside the triangle and at the resistance line today. No recommendation.

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All triangles are neutral until broken. This one has broken to the downside. Perhaps they think folks will not be installing pools in their back yard or will start cleaning them on their own? I have one and I would compare it to a boat. A hole with water that I pour money in to )o: No recommendation. Possible bounce as price is below the bands set on 80. I...

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Earnings 11-7. Neutral pattern until broken. No recommendation,

lauralea Updated 

Earnings does not look as if analysts expect a whole awful lot but you never know! M pattern that could take this lower. Peak 2 is higher than peak 1 so possibly looking at a Shark (to the .886 or the 1.113 or a Cypher (to the .786 and measured from entire structure and the Shark is measured from the 1st peak) This could also be a NEN-Star (takes it to the...