Not exact matches
Using supplemental Fibonacci retracement levels, the
daily chart of the Nasdaq Composite below
clearly summarizes all this:
The following
daily chart of Tesaro ($ TSRO)
clearly shows a tightening of the right hand side of the basing pattern:
Nevertheless, there is a
clearly defined area of horizontal price support and
daily chart, and the ETF is also formed a pattern that is similar to an inverse head and shoulders.
However, although such price action is bullish, the
daily chart pattern presently does not yet provide us with a
clearly defined buy entry point and level for setting a stop price.
This bearish pattern can be
clearly seen on the
daily chart of PowerShares QQQ Trust ($ QQQ), a popular ETF proxy for trading the Nasdaq 100 Index:
Why burn yourself out trying to trade during intraday moves, when
clearly a
Daily Bar of Candle has «24 times» the information embodied in it as a hourly
chart.
The character of the next rally will be more
clearly seen on the
daily chart.
The lower two
charts display the weekly & monthly time - frame, with their respective closest swing high and swing lows
clearly marked, as potential future Support / Resistance levels, where I will focus my attention to the price action that occurs on my top two
charts (4 hour and
daily time - frame) when price moves to one of my SR levels on the highest time - frames.
Clearly, the price patterns on a 30 - second
chart look different from those on a
daily chart.
Bitcoin is in the midst of completing an inverted head - and - shoulders price pattern, as can be
clearly seen in the
daily chart above (Chart
chart above (
Chart Chart # 1).