COMPQ: Friday close is still below line A, even it is at a much higher position, this is still a rising wedge break down pattern. Friday candle is a LL.LH red hammer, filled the most recent gap, from bullish point view, this is a gap fill action and it could continue heading higher; from bearish point of view, this is a failure to hold above line A and put this rising wedge break down in work again, the action in past 10 days is still a back test to line A after rising wedge break down.
DJI: this is volume up BeE candle... possible hanging man with chance of South Point, it is still insider the rising wedge, a touch back to the wedge bottom is due from here after Friday's bearish looking candle. A very limited dip should at least touch 20 ema at 9775 again.
SPX: Still 5 gaps open on chart, rising wedge R/S still valid, Due to the touch at line S on Friday, so, next week it could still heading higher to touch line R again, unless it gaps down below line S on Monday.
Chart Abbreviations:
3BC: 3 Black Crows; 3WS: 3 White Soldiers; BeC: Bear Channel; BeE: Bearish Engulfing; BTC: Buy To Close; BTO: Buy To Open; BuC: Bull Channel; BuE: Bullish Engulfing; DCC: Dark Cloud Cover; EnP: Entry Point; ExP: Exit Point; FW: Falling Wedge; HL: Higher Low; HH: Higher High; HM: Hanging Man; IR: Island Reversal; LBB: Lower Bollinger Band; LL: Lower Low; LH: Lower High; LPP: Lock Profit Point; MBB: Middle Bollinger Band; NABOP: Not A Bottom Out Pattern; NATOP: Not A Top Out Pattern; R: Resistance Line; RW: Rising Wedge; S: Support Line; SLO: Stop limit Order; SMO: Stop Market Order; STC: Sell To Close; STO: Sell To Open; T: Target; TSO: Trailing Stop Order; UBB: upper Bollinger Band;
No comments:
Post a Comment