As of 11/29/2023
Indus: 35,430 +13.44 +0.0%
Trans: 14,817 +0.30 +0.0%
Utils: 862 -5.36 -0.6%
Nasdaq: 14,258 -23.27 -0.2%
S&P 500: 4,551 -4.31 -0.1%
|
YTD
+6.9%
+10.6%
-10.8%
+36.2%
+18.5%
|
 34,500 or 36,400 by 12/15/202314,500 or 15,800 by 12/15/2023 900 or 825 by 12/15/202313,700 or 14,450 by 12/15/20234,450 or 4,650 by 12/15/2023 |
As of 11/29/2023
Indus: 35,430 +13.44 +0.0%
Trans: 14,817 +0.30 +0.0%
Utils: 862 -5.36 -0.6%
Nasdaq: 14,258 -23.27 -0.2%
S&P 500: 4,551 -4.31 -0.1%
|
YTD
+6.9%
+10.6%
-10.8%
+36.2%
+18.5%
| |
|
34,500 or 36,400 by 12/15/202314,500 or 15,800 by 12/15/2023900 or 825 by 12/15/202313,700 or 14,450 by 12/15/20234,450 or 4,650 by 12/15/2023 | ||
Released 11/29/2021.
Below is a slider quiz to test your trading ability. Captions appear below the pictures for guidance, so be sure to scroll down far enough to read them.
What chart patterns can you find? Look for the following (if you find others, great!): symmetrical triangle, falling wedge, broadening top, triple bottom, big W.
Price has broken out downward from the falling wedge.
Answer 1 (buy?): Sell short, if you dare, because of the downward breakout.
Answer 2 (target?): I would expect price to decline to the flag at A, a knot of support that might cause a pullback. After that, I would expect a continued decline because the odds favor it (53% of the time).
Answer 3: If price closes above the top trendline, then I would close out my position.
Price made a lower low the next day but then gapped up to close above the top trendline. That would be the exit signal. A downward breakout followed by a quick reverse is common behavior for falling wedges, since it happens 31% of the time. That may not sound like much until it happens to a stock you have shorted.
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