The swing in MicroStrategy’s stock to a big loss from a big gain on Thursday produced a classic chart pattern that can ... technical textbooks as a “key reversal.” But it’s always good ...
Keep in mind it's not the drawn chart pattern that determines the ... the long-term trend is in trouble. The key reversal is a two-day pattern. On Wednesday, MicroStrategy's stock gapped higher ...
The rising wedge pattern can occur in an uptrend or in a pullback during a downtrend. It signals a possible reversal to the downside, so it is a bearish chart formation. The pattern is ...
The head and shoulders chart is one of the most easily recognized chart patterns and may suggest a reversal in a price trend is occurring, either upward or downward. That is, the reversal of a ...
Through these patterns, the traders can comprehend the shifts in the price of a particular company’s stock. These candlestick charts also identify trend reversal patterns like counterattack lines.
It also shows the clash between bulls and bears. Chart patterns can either be continuation patterns or reversal patterns. A reversal pattern is when the stock price starts going in the opposite ...
With the market currently in a fifth wave, I'm confident the market is near a reversal, since fifth waves are ending waves. Before I move to a closer chart, with last Tuesday's low in place ...