Weekly Price Patterns

Trader indecision has resulted in a mass of patterns this week. Most of the list is made up of Symmetrical Triangles. A few of these were submitted to me through e-mail and thought I could add them in here also. Have fun.


CNQ- Symmetrical Triangle

ATW- Symmetrical Triangle

WTR- Symmetrical Triangle

GVHR- Symmetrical Triangle

LUFK- Symmetrical Triangle

RESP- Symmetrical Triangle

OXY- Symmetrical Triangle

EAT- Symmetrical Triangle


CNQR- Symmetrical Triangle


SYK- Symmetrical Triangle


BEN - H&S Top


BER- H&S Top


TDY- H&S Top


IYE- Rectangle/Potential Triple Top

Jeff,

Could you comment on the GOOG 490/500 bull put spread.

Is it time to bail out.

I'm watching KSS as a potential double top (or rectangle).

ZION is breaking down from a large symmetrical triangle (been watching this one for awhile). Great risk/reward here today.

Also, got in to the BEN trade today at $105.00. I see some resistance there.

Watching BOOM to see if support breaks as well. It's sort of a descending triangle, but either way, there's a flat support line it's sitting right at.

AVR ($24.40) broke out today as well. Looks like a big move expected ($3.50) in about 8 weeks.

AMLN setting up a NICE bear flag.

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  • From Saratoga Springs, Utah, United States
  • I am a professional trader and an instructor for Investools. I've had relations with the markets for 9 years. Born in Concord, CA, but reside in Saratoga Springs, Utah. Father of THREE, Husband of one.
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