More patterns & possible patterns:
$GRMN - inverse h&s
$FITB - inverse h&s
$A - cup & handle breakout after a double bottom
$LYV - rising wedge
*Not a recommendation
@SchwabNetwork@SchwabTrading
$CMCSA - range breakdown
$EOG - ascending triangle
$GM - double bottom
$BSX - support retest of a 24-year cup & handle
*Not a recommendation
@SchwabNetwork@SchwabTrading
Here are some long-term levels to watch in bitcoin:native $Bitcoin
Nearing 60k as the first level of support on bearish momentum. If that breaks, 49.5k is the next floor
*Not a recommendation
@SchwabNetwork@SchwabTrading
The major indices keep making new highs, yet the median US stock has gone nowhere for over 4 years.
Line up the current secular bull with the one that began in 1974, and this consolidation comes at a similar shape and place in the cycle as 1987–1992.
Back then, that consolidation set up the launchpad for the final leg higher of the cycle.
If the analog holds, we still have ~5 years left in this secular bull.
History may not repeat, but it often rhymes.
$VALUG
More pattern setups (wait for confirmation):
$GD - double top or range
$ADP - cup & handle support retest with a bull flag
$JCI - ascending triangle
$CIEN - 26-year base approaching 61.8% Fib resistance
*Not a recommendation
@SchwabNetwork@SchwabTrading
I just looked at hundreds of charts, and the most bullish reversal formations are occurring in $Industrials $Healthcare $Financials in that order
*Not a recommendation
More patterns & possible patterns:
$DXCM - double bottom
$SMCI - on the way to a double bottom
$VRSN - cup & handle
$CFG - double bottom within a larger triangle
*Not a recommendation
@SchwabNetwork@SchwabTrading
More patterns & possible patterns:
$FSLR - 18-year long cup & handle
$FIVE - h&s breakdown
$AEE - h&s
$VEEV - triple bottom
*Not a recommendation
@SchwabNetwork@SchwabTrading
More patterns & possible patterns:
$PAYX - cup & handle
$PRU - double bottom with a cup & handle
$NTAP - bull pennant
$UAL - ascending triangle
*Not a recommendation
@SchwabNetwork@SchwabTrading
More patterns & possible patterns:
$WDAY - cup & handle
$WAT - cup & handle (double bottom on weekly)
$VMC - room to run for a possible double bottom
$PCG - inverse h&s
*Not a recommendation
@SchwabNetwork@SchwabTrading
More patterns & possible patterns:
$PCAR - failed double top (look for resistance at previous highs)
$KEYS - complex h&s
$CARR - cup & handle
$ODFL - ascending channel (it's a stretch, but you could also call this a slanted double bottom)
*Not a recommendation
@SchwabNetwork@SchwabTrading
More patterns & possible patterns:
$URI - cup & handle breakout
$NKE - possible start to an inverse h&s
$BKR - descending triangle
$GWW - range breakout
*Not a recommendation
@SchwabNetwork@SchwabTrading