According to the century-old Dow Theory, the trend in the price movement persists until a reversal occurs. Since those tops and bottoms mark a maximal point of success between the trends, it is easy ...
SOXX has had an underwhelming 2024. It is closely correlated to MSFT which shows how much it relies on the hyperscalers. A large head and shoulders top is forming and the uptrend channel has broken.
A possible bullish head and shoulders pattern is in the process of forming on the daily chart for Bitcoin. The right shoulder low at 60,150 is slightly above the left shoulder at 59,573, indicating ...
There’s no denying that we’ve seen signs of distribution, from key stocks like Apple, Inc. AAPL and Tesla Inc. TSLA breaking down to breadth conditions that have become less bullish by the week. Last ...
I've noticed a recurring inverse head and shoulders pattern in high-beta tech stocks, signaling potential bullish reversals; the pattern is noticeable in the Nasdaq 100 and the QQQ ETF. I break down ...
Analysts at alternative asset management firm Valkyrie Investments are closely monitoring what looks like a bearish head-and-shoulders (H&S) pattern on bitcoin's (BTC) daily chart. The popular ...
The S&P 500 enters 2025 on its best two-year run since the 1990s. Here are the important chart levels to monitor as trading gets underway in the new year.
After rallying over 50% since early November, bitcoin (BTC), the leading cryptocurrency by market value, looks to be carving out a pattern. If completed, this could see prices revisit the mid-$70Ks.