A Rectangle is a neutral pattern until a trendline is broken.
This is a wide rectangle and some would trade inside of it.
There is a Bearish Crab inside the rectangle and D, or the end of this last leg is above the Rectangle.
The Crab is an extension pattern (D is above X in a Bearish Crab and D is below X in the Bullish Crab) as well as a reversal pattern.
Price hit the 1.618 of this W pattern and turn back down.
T1 of a crooked W is often the hump in the W or the top of the AB Leg.
Some would even use level X but price has already passed level X.
No recommendation.
I am marking this as "Short" due to the bearish crab pattern. The Rectangle is neutral and not short unless the support trendline is broken.
There are 2 sets of targets in orange as there are 2 patterns.
Rectangle targets are below the rectangle.
The Crab targets are inside the rectangle.
This is a wide rectangle and some would trade inside of it.
There is a Bearish Crab inside the rectangle and D, or the end of this last leg is above the Rectangle.
The Crab is an extension pattern (D is above X in a Bearish Crab and D is below X in the Bullish Crab) as well as a reversal pattern.
Price hit the 1.618 of this W pattern and turn back down.
T1 of a crooked W is often the hump in the W or the top of the AB Leg.
Some would even use level X but price has already passed level X.
No recommendation.
I am marking this as "Short" due to the bearish crab pattern. The Rectangle is neutral and not short unless the support trendline is broken.
There are 2 sets of targets in orange as there are 2 patterns.
Rectangle targets are below the rectangle.
The Crab targets are inside the rectangle.
Nota
Volatile stock
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.