Trader's Tips, Part 2: IBM And The Bearish AB=CD
As I wrote about in the previous chart for-AAPL, pay attention to the "W" pattern,
As well as the bearish AB=CD pattern (above).
Above, the indicators turned negative for-IBM after point D of the AB=CD, and-IBM sold off.
Then, IBM-halted at a double top, and sold off again.
Take the time to look at how many DOW-30-stocks have negative formations.
This will give you an inside track as to the direction of the overall market.
Today's Nugget: “The four most dangerous words in investing are “This time it’s different”. John Templeton
May all of your trades go well. Don.
As well as the bearish AB=CD pattern (above).
Above, the indicators turned negative for-IBM after point D of the AB=CD, and-IBM sold off.
Then, IBM-halted at a double top, and sold off again.
Take the time to look at how many DOW-30-stocks have negative formations.
This will give you an inside track as to the direction of the overall market.
Today's Nugget: “The four most dangerous words in investing are “This time it’s different”. John Templeton
May all of your trades go well. Don.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.