Hello and welcome to another issue of 🕵 The Seeker 🕵
"The only way to do great work is to love what you do." - Steve Jobs
After careful consideration with our team, we've made an exciting decision to revamp our newsletter, focusing on delivering even more precise and valuable content. Starting immediately, we'll be sharing comprehensive stock chart analyses at least twice a week, accompanied by fundamental and quantitative assessments. Our ultimate goal is to enhance the value we offer to our community, with the intention of possibly transitioning to a premium, paid version in the future.
1) Broadening Formation On DAX 0.00%↑ Index.
An unusual variation of the triangle pattern and it is very rare.
This situation represents a market that is getting out of control and abnormally emotional.
Usually a Bearish Formation, it generally appears near the end of a major bull market.
2) Pennant Formation On AMZN 0.00%↑ .
Pennant formed on the AMZN 0.00%↑ 4h chart.
Trend-continuation Pattern, which needs a relatively small amount of time to form (2-3 weeks).
The price has to break out with volume increase before it hits the Apex point.
3) Pennant Formation On HD 0.00%↑ .
Pennant formation is still in process on HD 0.00%↑ .
Volume decreases slightly.
The pattern would need more time to be confirmed.
4) Wedge Formation On DHI 0.00%↑ .
Potential Wedge forming on DHI 0.00%↑.
Volume has decreased recently, and the price is getting into the 65% to 80% of the length of the support line.
😎 Cheers! 😎
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