BRK.B Rising wedge, head and shoulder, at a 786.
已更新
The title says it all.
The 786 I am referring to though, is not shown. It is measured from the peak to the low, and we have retraced to it.
Right now I am seeing a mini head and shoulders within the larger potential head and shoulders pattern, which is occurring near the end of a rising wedge, after tapping the 786.
If were going to head into tough economic times, now would be a great turning point, as the entire market is bullish, and bears had their faces ripped off.
If we are going into tough economic times, it would be max pain for bears, as they have already been squeezed out of their positions, only to be right in the end.
If we are going into an expansion, then I doubt there will be any meaningful pullback. it will pretty much be up only for at least a few months.
But yeah, if its going to turn, this looks like a good place to do it.
Bearish divergence on the MACD with a moving average turndown as well 1d.
The 786 I am referring to though, is not shown. It is measured from the peak to the low, and we have retraced to it.
Right now I am seeing a mini head and shoulders within the larger potential head and shoulders pattern, which is occurring near the end of a rising wedge, after tapping the 786.
If were going to head into tough economic times, now would be a great turning point, as the entire market is bullish, and bears had their faces ripped off.
If we are going into tough economic times, it would be max pain for bears, as they have already been squeezed out of their positions, only to be right in the end.
If we are going into an expansion, then I doubt there will be any meaningful pullback. it will pretty much be up only for at least a few months.
But yeah, if its going to turn, this looks like a good place to do it.
Bearish divergence on the MACD with a moving average turndown as well 1d.
注释
MACD isnt showing on my chart, but easy to check for yourself.注释
Looking good.
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