0HAV trade ideas
Agilent Technologies INC. rising wedge continuation patternThe Agilent Tech stock entered a rising wedge pattern from a initial downtrend, suggesting a continuation of the downwards movement in the next few days or weeks as the compression is reaching its end.
Agilent Technologies establishing new resistanceAgilent technologies is showing a double top formation at the ~51.62 resistance level.
- Decreased volume on second peak
- MACD and RSI divergence.
Enter short and expect to take profits above the new ~49.35 support line.
Entered A - Shooting for the sky ~280$ areaAlthough the entry is in the daily, weekly timeframe also merges soon, potenial entry zone for long distance runner, if not, still a valid early trend entry on the small daily-weekly time-frames.
hopefully the upcoming momentum will be enough to distance from current location and proceed to the higher timeframes trend potential.
Support, BB and Fibonacci collide in AAlthough it's highly volatile, it's giving signs of bouncing up. I'm long.
Analysis on chart.
Agilent Technologies: High probability Area To Get Into A ShortFriends,
Very high probability short, with many factors supporting a short as seen on the chart. You don't need much more evidence than this. The odds of a successful short here, IF we open lower, are very, very high.
Thanks
Tom
A - Weekly CrabGood ratio confluence and structure support at entrypoint. Stop below support, target at X point resistance.
AButterfly, but further market weakness could see a gap fill on the daily. Wait for price to take out the "B"
A Descending flag, continuation figureIf this figure is confirmed, may be on its way to rise up to its 1 year peak.
