11/12/2022 0 Comments Srdx backtestClink this link for details (pattern type, start and end dates).įor a list of small patterns (those a few days wide) click this link. Here's a symbol list of 136 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz:ĪXDX, AEIS, AFL, APD, ALB, AMZN, AEO, AXP, AAPL, AMAT, ACGL, ADM, AVNT, AZTA, BALL, BZH, BOOT, BLDR, BG, CALM, CF, CLNE, CGNX, CL, CRH, CSGS, DDS, DSGR, WIRE, EXC, EZPW, FORM, GME, GNW, GILD, GES, HBI, HLIT, HSC, HAYN, HL, HELE, HOLX, HD, HOV, IDXX, ILMN, INFN, IBP, INTC, INTU, ISRG, JKHY, KBH, K, LRCX, LAMR, LOW, MHO, M, MLM, META, MS, MYGN, NCR, NI, NVDA, OMC, OTEX, OUT, PANW, PDCO, PYPL, PLXS, PPG, PINC, PFG, PGR, RNG, ROST, CRM, SCHW, SEIC, SHW, TECH, TER, TXN, TOL, UNM, VFC, VRSN, VMC, WMT, WSO, ZBRA, IYM, ITB, FXI, BOTZ, ICF, IHF, IGV, SOXX, SLV, EWO, EWG, EIS, EWI, EWJ, EWM, EWY, EWL, EWT, EWU, DBA, PJP, ROBO, IEV, SSO, XLV, XHB, XLB, XRT, SPY, SMH, VHT, VAW. H = high price, L=low price, C=closing priceĮarnings season is either underway or should be starting soon. Consider going long at weekly S2 or short at weekly R2 with a profit objective of weekly S1 or R1, respectively.Consider going short at weekly R1 or long at weekly S1 with a profit objective of the weekly pivot.Avoid going long when the market moves above weekly R2 (it's overbought) and avoid going short when price moves below weekly S2 (oversold).The odds suggest that the entire week's price action will remain between weekly R2 and S2.A move outside of daily R1 or S1 usually does not mean a breakout.In a quiet market when traders are waiting for an important earnings announcement or economic report, look for daily R1 and S1 levels to hold and for the market to return to the daily pivot.If the market trends on day 1, the odds rise tremendously that the market will be range bound between daily S1 and daily R1 the next day.S2 to R2 range of values across daily, weekly, and monthly periods: If two values are close together then they lend more significance to the area.Rather, he considers them oversold (S) and overbought (R) areas. Seekinger doesn't look at the range of S2 to R2 as support and resistance levels.I expect that's where we'll see a reversal. If the index doesn't reverse at A, then I'd look to the pennant/wedge area just below B to force a retrace. I imagine that a retrace will be dictated by what the FED does this week (raising interestī, C, and D are additional resistance regions. I don't know if it'll be strong enough to force the index to retrace. If it's too long, then I'll call it aĬircled in blue (A) is a loose looking resistance region. Usually I limit pennants to 3 weeks, but it's unclear if this one is too long. Highlighted in red, the chart pattern looks like a pennant.
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