Also very close to a Bullish Butterfly Pattern..
AKAM was tangled up in a rising wedge during it's stay in the symmetrical triangle. It has fallen from the bearish rising wedge and seems to have recovered. Broke up from the S Triangle pattern. A S Triangle can break either way and is usually a continuation pattern and a period of consolidation.
Earnings are soon and it does not look like they miss much/short is a bit over 6%
The butterfly pattern adheres to FIB levels and this one is slightly shy on B reaching the 0.786 and D reaching the 1.27 mark of the XA leg. Hence, I did not post targets for this pattern.
Most harmonic patterns have an ABCD pattern inside of it.
There is also a bad looking top before the pullback and appears to be a H&S top with C being the RS..
Not a recommendation
AKAM was tangled up in a rising wedge during it's stay in the symmetrical triangle. It has fallen from the bearish rising wedge and seems to have recovered. Broke up from the S Triangle pattern. A S Triangle can break either way and is usually a continuation pattern and a period of consolidation.
Earnings are soon and it does not look like they miss much/short is a bit over 6%
The butterfly pattern adheres to FIB levels and this one is slightly shy on B reaching the 0.786 and D reaching the 1.27 mark of the XA leg. Hence, I did not post targets for this pattern.
Most harmonic patterns have an ABCD pattern inside of it.
There is also a bad looking top before the pullback and appears to be a H&S top with C being the RS..
Not a recommendation
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.