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Discuss any chart using any TA methodology

  • 06/02/2019 9:57 PM
    Message # 7552376
    Anuj Batra (Administrator)

    Post your charts and analysis here for discussion with other members and the TSAA-SF team!

    Last modified: 06/02/2019 9:57 PM | Anuj Batra (Administrator)
  • 06/17/2019 8:36 PM
    Reply # 7584839 on 7552376

     

    Long-term patterns

    I am a bit of a skeptic of patterns that I just don’t see that often, while showing some respect for a pattern that could change the current from north to south.

    The Broadening Pattern is one of the basic patterns. It has no inverse pattern. It is only a top. Volume should become more aggressive with each swing until the bears win; or the pattern simply fails.  

    Notice that it is a long-term chart and moves rather slowly. Also, with higher highs and lower lows the final resolution will require a break of one of these lines (gets increasingly difficult).

    I present this pattern as a point of discussion. I realize that if you are bullish on the market, you will likely reject the pattern as it goes against your beliefs and if you are bearish you may well embrace it as a confirmation of your views. Either way, there it is.

    Objective: back to the top of the 2016 double bottom; wave 4, p&f, height of pattern.  

  • 06/21/2019 7:41 AM
    Reply # 7592174 on 7552376

    Thanks Harry.... Using a line chart here (v. bar or candlestick) really illustrates the broadening nature. -Bruce

  • 07/02/2019 1:21 PM
    Reply # 7729766 on 7552376

    Solar Breakout?

    I am seeing a clean breakout in Solar Energy stocks.  The chart is showing TAN which is the Invesco Solar ETF.  The industry leaders (FSLR, SEDG, RUN, ENPH, SPWR etc.) seem to be confirming the action.  I see no resistance until the 33 level where it consolidated in 2015. I am a bit concerned about the RSI divergence (lower RSI high than Feb 2019) and I'm not sure how to read the volume.  What are your thoughts?  Would like to get a second and third opinion.  Thanks


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