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 2/22/2022.
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!): Big W, 2 double bottoms, 1 three rising valleys, rounded bottom, double top, 2 descending triangles.
AADT, AADB, EADB (maybe AADB?) are Adam and Eve variations of double tops and bottoms. 1, 2, and 3 are the three rising valleys chart pattern, although you can find others. The rounded bottom is the big turn in the middle of the chart. It's not exactly smooth, is it? The Big W shows a steep drop on the left side of the pattern, going into the Eve & Adam double bottom.
The AADB has confirmed.
Answer 1 (buy?): Buy because of the upward breakout but recognize that the rise may be limited by overhead resistance at the site of the Big W peaks (only the right one appears).
Answer 2 (target?): Overhead resistance at the big W peaks, about 19.
Answer 3: The bottom of the double bottom places the stop 13.5% away. That's too far. A volatility stop is closer at 10.8% away, or 14.61. The red line shows the stop location.
Price climbed to the top of the Big W, paused, and then it continued up in a final push to the summit at 22. From there, it was downhill until price returned to the price of the double bottom.
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