Broadcom has a very particular behavior, it loves to rally in sharp upward bursts.
It often opens with gaps, quickly pushing the price to new levels. Interestingly, the gap zones are never violated during these uptrends.
However, we’ve recently seen a small but concerning move back into a previous gap area.
In past cases, this has been Broadcom’s first bearish signal, often marking the start of a cooling phase. (see white circles for recent behaviour)
That said, this kind of signal doesn’t always mean a full reversal, sometimes it just suggests a sideways consolidation while the buying euphoria takes a breather.
🤔 What do you think?
Will Broadcom respect its usual pattern again… or will this be the first time it ignores it and keeps printing new ATHs?
It often opens with gaps, quickly pushing the price to new levels. Interestingly, the gap zones are never violated during these uptrends.
However, we’ve recently seen a small but concerning move back into a previous gap area.
In past cases, this has been Broadcom’s first bearish signal, often marking the start of a cooling phase. (see white circles for recent behaviour)
That said, this kind of signal doesn’t always mean a full reversal, sometimes it just suggests a sideways consolidation while the buying euphoria takes a breather.
🤔 What do you think?
Will Broadcom respect its usual pattern again… or will this be the first time it ignores it and keeps printing new ATHs?
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🤝 Business contact: info@topchartpatterns.com
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⚡ Trading is not about luck or patience. Is about skills and knowledge. ⚡
I share my ideas, returns and knowledge here:
📚 👉 topchartpatterns.substack.com/subscribe 👈📚
🤝 Business contact: info@topchartpatterns.com
I share my ideas, returns and knowledge here:
📚 👉 topchartpatterns.substack.com/subscribe 👈📚
🤝 Business contact: info@topchartpatterns.com
免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
