Price is below the neckline of 469.
Retests of the neckline are common.
Price is breaking the support line of a symmetrical triangle.
Targets in orange type.
No recommendation.
This pattern is valid when the neckline is broken as it is a strong source of support. The right shoulder or 1st shoulder represents a strong uptrend that pulls back as trends often do. Then the head is formed with another surge of momentum and a new high is reached. Once more the stock pulls back and those who have missed out buy the pull back. The last shoulder can represent FOMO (fear of missing out) but is also a good time to sell your position if you got in during the head formation. The left shoulder should be in the same ballpark price wise as the right shoulder but rarely are they the same exact price.
Bearish engulfing candle today.
No recommendation.
Don't lose your shadow.,
Retests of the neckline are common.
Price is breaking the support line of a symmetrical triangle.
Targets in orange type.
No recommendation.
This pattern is valid when the neckline is broken as it is a strong source of support. The right shoulder or 1st shoulder represents a strong uptrend that pulls back as trends often do. Then the head is formed with another surge of momentum and a new high is reached. Once more the stock pulls back and those who have missed out buy the pull back. The last shoulder can represent FOMO (fear of missing out) but is also a good time to sell your position if you got in during the head formation. The left shoulder should be in the same ballpark price wise as the right shoulder but rarely are they the same exact price.
Bearish engulfing candle today.
No recommendation.
Don't lose your shadow.,