Diamond formations are rare, but when they are spotted, they tend to be a strong indication of a reversal depending on their position in relation to the trend. When they occur in the course of an uptrend, they typically hint at a reversal. If you’re not familiar with...
Rectangles tend to be continuation patterns, appearing as trading ranges or consolidations at the top or bottom of a trend. Trading a rectangle depends on the direction of the breakout. From June 24 to August 15, Xcel Energy (EXL) began exhibiting a rectangle...
The following swing trading levels are reference points for traders to consider. As we provided levels for a long and short bias, the information is directionally neutral. The levels are also ultra short-term, meaning that support and resistance targets are based on...
The following swing trading levels are reference points for traders to consider. As we provided levels for a long and short bias, the information is directionally neutral. The levels are also ultra short-term, meaning that support and resistance targets are based on...
Trump Calls for a Big Fed Rate Cut, Again Criticizes Central Bank Chairman Source: Wall Street Journal “President Trump on Monday called for the Federal Reserve to sharply cut interest rates and again criticized the central bank’s chairman for a...
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