WavesPatternsCandlesIndicators
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WavesPatternsCandlesIndicators
Broadening top seen, with current PO if the recent high is the top. There’s still room to run higher to test the upper boundary of this pattern. Should the current potential head and shoulders top on the hourly chart break out to the downside then the odds of the top being in now increases. The same head and shoulders pattern is showing up in the major averages and also for Berkshire Hathaway.
WavesPatternsCandlesIndicators
This bearish rising wedge just had a failed upside breakout, followed by a 5 wave move to test the lower trendline, and followed by a potential dead cat bounce. I’m short, with stop loss set if new highs are set.
WavesPatternsCandlesIndicators
It looks like we’re just shy of a breakout confirmation this rising wedge which in itself might be only a right shoulder of head and shoulders top. Time will tell if this setup plays out or gets canceled out.
WavesPatternsCandlesIndicators
These chart formations have recently experienced breakouts. Not investing advice, but these are extremely bullish developments.
WavesPatternsCandlesIndicators
If this wave count remains valid expect nothing less than a vertical blow off top type move. In commodities wave 5 can be the strongest wave. The higher could be interrupted by wild corrections to the downside. Keep in mind this is a long term chart so the move isn’t necessarily imminent.Not investing advice and do your own due diligence.
WavesPatternsCandlesIndicators
Not investment advice and do your own due diligence!
WavesPatternsCandlesIndicators
Not investment advice and do your own due diligence.
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