just took my entire watch list at stockcharts.com, and copied it to another list, and changed the time frame to 60 minutes. Oh my god <g>
Over 100 stocks, and at least 80 of them looked like this, with most of the wedges :
stockcharts.com[e,a]eeclyyay[dc][pc20!c50!b200][vc60][ili14,3!la12,26,9!ll14!lb14!ld20!lf][j7486878,y]&listNum=11
and this...
stockcharts.com[e,a]eeclyyay[dc][pc20!c50!b200][vc60][ili14,3!la12,26,9!ll14!lb14!ld20!lf][j7486898,y]&listNum=11
and this <g>
stockcharts.com[e,a]eeclyiay[dc][pc20!c50!b200][vc60][iLi14,3!La12,26,9!Ll14!Lb14!Ld20!Lf][J7486897,Y]&pref=G
stockcharts.com[e,a]eeclyyay[dc][pc20!c50!b200][vc60][ili14,3!la12,26,9!ll14!lb14!ld20!lf][j7486900,y]&listNum=11
These are just a few that popped out as really obvious, but I'll bet if you change your watchlist to 60 minute, that almost all stocks are in this formation. One of my favorites <g>
All the biotechs have them, and the defense stocks already starting cracking.
Rising wedgie heaven, most of the wedges are targeting heavy resistance areas on the hourly charts, and the target of these things is usually the base...makes me want to trade stocks again!
Even if they don't retest the lows, most of them may pullback at least 1/2 way. |
