Built by Traders, for Traders
Ross Givens
Stock Trader & Educator
Built by Traders, for Traders
Ross Givens
Stock Trader & Educator
Today, we’re going to talk about the “Symmetrical Triangle” pattern. Just like a regular channel, the symmetrical triangle is a consolidation pattern. The biggest difference between the two is that while a channel typically has two near-parallel boundaries, the symmetrical triangle pattern is defined by a descending resistance level and an ascending support level. When …
The post Simplifying the Symmetrical Triangle Pattern appeared first on
It’s still too early to say whether the market has bottomed. But if you’re looking for stocks to buy, the energy group looks the best.
The post Watchlist Update: Energy Stocks Ready for a Breakout? appeared first on Stock Surge Daily.
….The market has been especially volatile since the release of the latest consumer price index (CPI) number last week. The S&P 500 and Nasdaq 100 both hit new 52-week lows last Thursday immediately after the announcement, only to rally into the end of the day. And once again, I heard many folks proclaiming that the …
The post Path of Least Resistance Still Lower appeared first on
Today, we’re going to follow up on last week’s “triple bottom” discussion by talking about its bearish counterpart, the “triple top” pattern. Just like the triple bottom, the triple top is a trend reversal pattern. The big difference, of course, is that a triple bottom forms at the end of a down trend, while a …
The post Breaking Down the Triple Top Pattern appeared first on
Last week, we talked about the “double bottom” pattern and explained why we could be seeing one form in the S&P 500. With yesterday’s big gain in the broad market and with another big push by the bulls ahead of the open this morning, we’re hoping that the June lows continue to hold and that …
The post Your Guide to the Double Top Pattern appeared first on….
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Watchlist Update: Finally, a Good Sign for Stocks
The market’s ability to rally while the previous market leaders fall tells me we are likely near the bottom of this bear market.
The post Watchlist Update: Finally, a Good Sign for Stocks appeared first on Stock Surge Daily.
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