And if you are getting the nightly reports, while we watched
the potential bullish pattern in the S&P 500 right shoulder, as I was tweeting Friday, taking out Thursday's low was a major line in the sand, which broke.
Quite the contrary as
the potential bullish pattern we were watching has all but been killed off.
Not exact matches
Potential stock picks and
bullish chart
patterns discussed in today's video include: $ IMH, $ DK, $ PHM.
The strongly
bullish volume
pattern and volume indicators support this outcome, in particular the strong On - balance Volume line, and the current tight bunching of the price and moving averages create the
potential for a big move soon.
Bullish engulfing
patterns can be a great way to identify
potential reversals in the market.
If Litecoin is able to continue its new
bullish sentiment, we could see a
potential Double Bottom reversal chart
pattern which could take the digital currency back up to the 50 % Fibonacci retracement level and February high of $ 250.
The use of a harmonic price
pattern also identifies the area near $ 11,000 as a
potential reversal zone, with the
potential bullish reversal point being $ 11,280.
Technically, Litecoin on a 4 - hour time chart view, is bouncing within a
bullish pennant chart
pattern, pending
potential breakout to the upside.
Bitcoin price is trying to keep up its rally, but there are signs of
bullish exhaustion and a
potential reversal
pattern.