suriNotes.com’s Dec. 11, 2017 Trading Confluence Chart Patterns Chart Patterns & Algo. Trader HAPPY HOLIDAYS A Weekly Publication SALE Bank Stocks
Chart Patterns & Algorithmic Trader 2017 ALL RIGHTS RESERVED No part of this document may be reproduced or transmitted without the express written consent of the suriNotes.com or Suri Duddella. This document relies on sources and information reasonably believed to be accurate, but neither the author nor publisher guarantees accuracy or completeness. The examples in this document could be considered hypothetical trades. The CFTC warns that: HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. COPYRIGHT © 2017 – suriNotes.com Data & Charts are created by TradeStation Software from TradeStation Securities. Published in the United States of America
Disclaimer: All the material in this document is provided as Educational Material only. NONE of the chart patterns or chart setups or all other material in this document are trade recommendations. Trading is risky. You are 100% responsible for your own trading. Trading is risky. You are 100% responsible for your own trading. suriNotes.com or Suri Duddella, specifically disclaims any and all express and implied warranties. Your trades may entail substantial loss. Nothing in this document should be construed as a recommendation to buy or sell any security or other instrument, or a determination that any trade is suitable for you. Chart Patterns and other material in this document are Auto generated in TradeStation software and we try our best to check for errors and data consistency, but they may still consist of data or algorithmic errors.
Market Quotes "Failure is not a single, cataclysmic event. You don't fail overnight. Instead, failure is a few errors in judgment, repeated every day." - Anonymous "Courage. It's not enough to simply have the insight to see something apart from the rest of the crowd, you also need to have the courage to act on it and to stay with it.” - Bill Lipschutz "The gem cannot be polished without friction, nor man perfected without trials.” - A Chinese Proverb
Table of Contents US Markets Patterns Gallery Chart Patterns Energy & Oil Stocks Stocks/Futures/Commodities/FX Earnings Next Week/Charts Watch Lists Bullish/Bearish, Relative Strength Key Supp/Resistance/Pivots Charts Gap Charts Weekly Relative Performances ALGORITHMIC TRADER Trading Confluence Chart Patterns Algorithmic Trades Symbols Universe Books/Websites/Software
Chart Links ■Major Market Indexes Trends ■Gold, Silver, Oil and 10 Yr Notes ■TRAN, VIX, DXY, SPX ■@QM Inv. H&S Pattern ■BAC Bull Flag Pattern ■BBT Symm. Triangle Pattern ■DPST ABC Bullish Pattern ■FITB Symm. Triangle Pattern ■GS Cup & Handle Pattern ■HSBC Symm. Triangle Pattern ■JPM Cup & Handle Pattern ■KBE Inv. HS Pattern ■KRE ABC Bullish Pattern ■MS ABC Bullish Pattern ■XLF ABC Bullish Pattern ■PNC ABC Bullish Pattern ■AMD Symmetric Triangle Pattern ■DAL ABC Bullish Pattern ■UPS Cup & Handle Pattern ■MCD ABC Bullish Pattern ■GS Cup & Handle Pattern ■AXGN Parabolic Arc Pattern ■AAL ABC Bullish Pattern ■OSTK Parabolic Arc Pattern ■AAL Symmetric Triangle Pattern ■LULU Rectangle Channel ■PFE ABC Bullish Pattern ■ADI ABC Bullish Pattern ■KLAC Cup & Handle Pattern ■AMTD Cup & Handle Pattern ■AAPL ABC Bullish Pattern ■GILD Bear Flag Pattern 12 13 14 15 19 20 21 22 23 24 25 26 27 28 29 30 33 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49
■STX ABC Bullish Pattern ■OIL Symm. Triangle Pattern ■TSCO ABC Bullish Pattern ■$BRTI ABC Bullish Pattern ■@AD AB=CD Bearish Pattern ■@BP Symmetric Triangle Pattern ■@CD Head and Shoulders Pattern ■@CL Cup & Handle Pattern ■@CL Inv. H&S Pattern ■@DX ABC Bullish Pattern ■@HG AB=CD Pattern ■@JY Inv. H&S Pattern ■AUDCAD Falling Wedge Pattern ■CADJPY Cup & Handle Pattern ■CHFJPY Desc. Triangle ■EURCAD ABC Bullish Pattern ■EURGBP Head and Shoulders Pattern ■GBPAUD ABC Bullish Pattern ■GBPAUD Cup & Handle Pattern ■GBPNZD ABC Bullish Pattern ■USDJPY ABC Bullish Pattern ■QM Fib. Zone Pivots ■@ES Gap Chart ■YM Gap Chart ■ADBE Parabolic Arc Pattern ■BLK AB=CD Pattern ■C ABC Bullish Pattern ■COST ABC Bullish Pattern ■MU ABC Bullish Pattern ■RHT ABC Bullish Pattern 50 51 52 53 57 58 59 60 61 62 63 64 68 69 70 71 72 73 74 75 76 80 84 86 90 91 92 93 94 95
Major Indexes
Major Indexes Major Indexes %Chg YTD
Chart Patterns & Algorithmic Trader (12) Major Market Indexes Trends All four major market indexes (Weekly) charts are showing strong eSix trends. www.surinotes.com
Chart Patterns & Algorithmic Trader (13) Gold, Silver, Oil and 10 Yr Notes Gold started to weaken in its trend as it trades below 200 MA. Silver and Oil are still way below its 200 MA and Treasury Notes is just above 200 MA. www.surinotes.com
Chart Patterns & Algorithmic Trader (14) TRAN, VIX, DXY, SPX Transportaion Index, VIX, U.S. Dollar Index (Weekly) and eSIX trend indicator. www.surinotes.com
Chart Patterns & Algorithmic Trader (15) @QM Inv. H&S Pattern @QM (D) is forming Cup & Handle Pattern. C&H patterns are valid when price closes above breakout level. Entry above breakout level: 59.575, Handle Low: 55.825, 23.15% below breakout level. T1: 69.59 to 72.31 T2: 80.15 to 85.82 www.surinotes.com
Bank Stocks
Bank Stocks (YTD%)
Bank Stocks KBE KRE SPDR S&P Bank ETF SPDR S&P Regional Bank ETF
Chart Patterns & Algorithmic Trader (19) BAC Bull Flag Pattern BAC (Daily) is trading in Bull Flag pattern. BAC’s bull flag breakout is above $27. First target range is $28.5 to $29, Second Target range: $31-32.5 www.surinotes.com
Chart Patterns & Algorithmic Trader (20) BBT Symm. Triangle Pattern BBT is trading in Symmetric Triangle pattern. Symm. Triangle pattern breakout is above $47.40. Targets: $51-52, $54.86 to $58. www.surinotes.com
Chart Patterns & Algorithmic Trader (21) DPST ABC Bullish Pattern $DPST (D) ABC Bullish Pattern Long Entry above 60.16, Stop below 55.97 (-4.19), Target1 Zone: 72.5 to 77.0, Target2 Zone: 89.9 to 99.3 www.surinotes.com
Chart Patterns & Algorithmic Trader (22) FITB Symm. Triangle Pattern FITB (Daily) is trading in Symm. Triangle Pattern. Pattern breakout level is above $27.50, Targets: $29-31, $33 www.surinotes.com
Chart Patterns & Algorithmic Trader (23) GS Cup & Handle Pattern $GS (W) is trading in Cup & Handle Pattern. Entry above breakout level: 255.15, Handle Low: 234.28, 45.84% below breakout level. T1: 283.3 to 290.9 T2: 313.0 to 328.9 www.surinotes.com
Chart Patterns & Algorithmic Trader (24) HSBC Symm. Triangle Pattern HSBC (Daily) is trading in Symm. Triangle Pattern. www.surinotes.com
Chart Patterns & Algorithmic Trader (25) JPM Cup & Handle Pattern Reviewed in CPAT 09/25/17 $JPM (D) is trading in Cup & Handle Pattern. Entry above breakout level: 93.98, Handle Low: 88.03, 48.22% below breakout level. T1: 101.6 to 103.7 T2: 109.7 to 114.0 www.surinotes.com
Chart Patterns & Algorithmic Trader KBE Inv. HS Pattern (26) $KBE (D) is trading in Inv. H&S Pattern. Long entry above 44.75, Stop below 44.01 (0.74), Target1 Zone: 47.9 to 48.8, Target2 Zone: 51.3 to 53.1 www.surinotes.com
Chart Patterns & Algorithmic Trader (27) KRE ABC Bullish Pattern $KRE (D) ABC Bullish Pattern Long Entry above 55.20, Stop below 53.74 (-1.46), Target1 Zone: 59.1 to 60.6, Target2 Zone: 64.8 to 67.8 www.surinotes.com
Chart Patterns & Algorithmic Trader (28) MS ABC Bullish Pattern Reviewed in CPAT 10/09/17 $MS (D) ABC Bullish Pattern Long Entry above 48.56, Stop below 47.41 (-1.15), Target1 Zone: 52.2 to 53.5, Target2 Zone: 57.2 to 59.9 www.surinotes.com
Chart Patterns & Algorithmic Trader (29) XLF ABC Bullish Pattern $WFC (D) ABC Bullish Pattern Long Entry above 54.50, Stop below 53.20 (-1.30), Target1 Zone: 57.9 to 59.2, Target2 Zone: 62.8 to 65.5 www.surinotes.com
Chart Patterns & Algorithmic Trader (30) PNC ABC Bullish Pattern $PNC (D) ABC Bullish Pattern Long Entry above 133.78, Stop below 130.45 (-3.33), Target1 Zone: 142.5 to 145.8, Target2 Zone: 155.2 to 162.0 www.surinotes.com
Chart Patterns Stocks/Options/Indexes
Chart Patterns & Algorithmic Trader (33) AMD Symmetric Triangle Pattern AMD (Daily) is trading in Symmetric Triangle pattern. Breakdown level: $12.95. First target zone: $10.65 to $11.14, $10, $8-9.25. www.surinotes.com
Patterns Gallery
Chart Patterns & Algorithmic Trader (35) DAL ABC Bullish Pattern DAL (D) ABC Bullish Pattern Long Entry above 49.38, Stop below 48.32 (-1.06), Target1 Zone: 54.2 to 55.8, Target2 Zone: 60.4 to 63.7 www.surinotes.com
Chart Patterns & Algorithmic Trader (36) UPS Cup & Handle Pattern Reviewed in CPAT 10/09/17 $UPS (D) is trading in Cup & Handle Pattern. Entry above breakout level: 120.44, Handle Low: 111.25, 50.16% below breakout level. T1: 131.8 to 134.8 T2: 143.7 to 150.1 www.surinotes.com
Chart Patterns & Algorithmic Trader (37) MCD ABC Bullish Pattern Reviewed in CPAT 12/04/17 $MCD (W) ABC Bullish Pattern Long Entry above 114.84, Stop below 110.32 (4.52), Target1 Zone: 137.8 to 145.3, Target2 Zone: 166.8 to 182.4, Target3 Zone: 211-226. www.surinotes.com
Chart Patterns & Algorithmic Trader (38) GS Cup & Handle Pattern Reviewed in CPAT 10/16/17 $GS (D) is trading in Cup & Handle Pattern. Entry above breakout level: 255.15, Handle Low: 245.08, 22.12% below breakout level. T1: 283.3 to 290.9 T2: 313.0 to 328.9 www.surinotes.com
Chart Patterns & Algorithmic Trader (39) AXGN Parabolic Arc Pattern $AXGN (W) is trading in Parabolic Arc from 08/15/2014 (low: 2.11) to 12/01/2017 (high: 27.60). Parabolic Arc patterns are long-term patterns, but most of the upside parabolic patterns return to at least 50-62% of its prior rise in a correction mode. www.surinotes.com
Chart Patterns & Algorithmic Trader (40) AAL ABC Bullish Pattern $AAL (D) ABC Bullish Pattern Long Entry above 45.98, Stop below 45.26 (-0.72), Target1 Zone: 52.1 to 54.0, Target2 Zone: 59.4 to 63.3 www.surinotes.com
Chart Patterns & Algorithmic Trader (41) OSTK Parabolic Arc Pattern $OSTK (D) is trading in Parabolic Arc from 06/02/2017 (low: 13.75) to 12/01/2017 (high: 65.70). Parabolic Arc patterns are long-term patterns, but most of the upside parabolic patterns return to at least 50-62% of its prior rise in a correction mode. www.surinotes.com
Chart Patterns & Algorithmic Trader (42) AAL Symmetric Triangle Pattern AAL (Daily) is trading in Symmetric Triangle Pattern. www.surinotes.com
Chart Patterns & Algorithmic Trader (43) LULU Rectangle Channel Reviewed in CPAT 10/16/17 LULU (Daily) is trading in Rectangle Channel. LULU broke out of rectangle channel above $64. Upper Targets: $67 to $70. www.surinotes.com
Chart Patterns & Algorithmic Trader (44) PFE ABC Bullish Pattern $PFE (W) ABC Bullish Pattern Long Entry above 31.34, Stop below 29.82 (-1.52), Target1 Zone: 35.5 to 37.0, Target2 Zone: 41.4 to 44.6 www.surinotes.com
Chart Patterns & Algorithmic Trader (45) ADI ABC Bullish Pattern $ADI (W) ABC Bullish Pattern Long Entry above 52.84, Stop below 47.23 (-5.61), Target1 Zone: 63.6 to 68.0, Target2 Zone: 80.8 to 90.0 www.surinotes.com
Chart Patterns & Algorithmic Trader (46) KLAC Cup & Handle Pattern Reviewed in CPAT 11/13/17 $KLAC (D) is trading in Cup & Handle Pattern. Entry above breakout level: 109.59, Handle Low: 98.86, 49.54% below breakout level. T1: 123.0 to 126.6 T2: 137.1 to 144.7 www.surinotes.com
Chart Patterns & Algorithmic Trader (47) AMTD Cup & Handle Pattern Reviewed in CPAT 09/18/17 $AMTD (D) is trading in Cup & Handle Pattern. Entry above breakout level: 47.41, Handle Low: 41.83, 49.42% below breakout level. T1: 54.4 to 56.3 T2: 61.7 to 65.7 www.surinotes.com
Chart Patterns & Algorithmic Trader (48) AAPL ABC Bullish Pattern Reviewed in CPAT 10/23/17 $AAPL (W) ABC Bullish Pattern Long Entry above 95.91, Stop below 89.46 (-6.45), Target1 Zone: 138.6 to 152.0, Target2 Zone: 190.5 to 218.3 www.surinotes.com
Chart Patterns & Algorithmic Trader (49) GILD Bear Flag Pattern GILD (Daily) is trading in Bear Flag pattern. www.surinotes.com
Chart Patterns & Algorithmic Trader (50) STX ABC Bullish Pattern Reviewed in CPAT 10/09/17 $STX (W) ABC Bullish Pattern Long Entry above 33.17, Stop below 30.59 (-2.58), Target1 Zone: 50.7 to 56.2, Target2 Zone: 71.9 to 83.3 www.surinotes.com
Chart Patterns & Algorithmic Trader (51) OIL Symm. Triangle Pattern OIL (Daily) is trading in Symmetric Triangle pattern. Symmetric Triangle breakout level: $5.05. Targets: $6-6.27, $6.60, $7-7.56. www.surinotes.com
Chart Patterns & Algorithmic Trader (52) TSCO ABC Bullish Pattern Reviewed in CPAT 11/20/17 $TSCO (D) ABC Bullish Pattern Long Entry above 56.74, Stop below 54.75 (-1.99), Target1 Zone: 63.2 to 65.5, Target2 Zone: 72.0 to 76.8 www.surinotes.com
Chart Patterns & Algorithmic Trader (53) $BRTI ABC Bullish Pattern $BRTI (CME’s Bitcoin Real-Time Index) is trading in 5th Target zone (16229-17314). www.surinotes.com
Chart Patterns Futures & Commodities
Futures Chg%
Futures Weekly Performance
Chart Patterns & Algorithmic Trader (57) @AD AB=CD Bearish Pattern Reviewed in CPAT 11/13/17 @AD (Daily) is trading in AB=CD Bearish pattern. AB=CD target zone: 0.7328 to 0.7496. www.surinotes.com
Chart Patterns & Algorithmic Trader (58) @BP Symmetric Triangle Pattern @BP is forming Symmetric Triangle. @BP is also trading in regression channel (reviewed in CPAT4 10/9/17). www.surinotes.com
Chart Patterns & Algorithmic Trader (59) @CD Head and Shoulders Pattern $@CD (D) is trading in H&S Pattern (F). Short entry below 0.78310, Stop above 0.78768 (-0.00457), Target1 Zone: 0.7545 to 0.7468, Target2 Zone: 0.7244 to 0.7083. www.surinotes.com
Chart Patterns & Algorithmic Trader (60) @CL Cup & Handle Pattern $@CL (D) is trading in Cup & Handle Pattern. Entry above breakout level: 59.59, Handle Low: 55.82, 23.26% below breakout level. T1: 69.6 to 72.3 www.surinotes.com
Chart Patterns & Algorithmic Trader (61) @CL Inv. H&S Pattern Reviewed in CPAT 10/02/17 $@CL (D) is trading in Inv. H&S Pattern. Long entry above 51.55, Stop below 49.05 (2.50), Target1 Zone: 56.6 to 58.0, Target2 Zone: 61.9 to 64.8 www.surinotes.com
Chart Patterns & Algorithmic Trader (62) @DX ABC Bullish Pattern Reviewed in CPAT 12/04/17 @DX (D) ABC Bullish Pattern Long Entry above 93.155, Stop below 92.425 (0.730), Target1 Zone: 95.09 to 95.81, Target2 Zone: 97.89 to 99.40 www.surinotes.com
Chart Patterns & Algorithmic Trader (63) @HG AB=CD Pattern @HG is trading in AB=CD Bearish pattern www.surinotes.com
Chart Patterns & Algorithmic Trader (64) @JY Inv. H&S Pattern @JY (Daily) is trading in Inverse Head and Shoulders Pattern. Inv. H&S patterns are valid only when price breaks out above Neckline. @JY (D) is trading in Inv. H&S Pattern (F). Long entry above 0.89800, Stop below 0.89138 (0.00662), Target1 Zone: 0.9134 to 0.9176, Target2 Zone: 0.9297 to 0.9384 www.surinotes.com
Chart Patterns FX
FX Weekly Performance
FX Chg%
Chart Patterns & Algorithmic Trader (68) AUDCAD Falling Wedge Pattern AUDCAD (Daily) is trading in Falling Wedge pattern. Falling wedge patterns are traded when price closes above upper trendline as a breakout setup. www.surinotes.com
Chart Patterns & Algorithmic Trader (69) CADJPY Cup & Handle Pattern $CADJPY (D) is trading in Cup & Handle Pattern. Entry above breakout level: 88.914, Handle Low: 85.415, 41.92% below breakout level. T1: 94.07 to 95.47 T2: 99.51 to 102.43 www.surinotes.com
Chart Patterns & Algorithmic Trader (70) CHFJPY Desc. Triangle CHFJPY (Daily) is trading in Descending Triangle. Descending Triangle patterns can be both breakout and breakdown patterns, depending where they are forming and its breakout/breakdown modes. www.surinotes.com
Chart Patterns & Algorithmic Trader (71) EURCAD ABC Bullish Pattern Reviewed in CPAT 10/30/17 $EURCAD (D) ABC Bullish Pattern Long Entry above 1.48107, Stop below 1.47378 (-0.00729), Target1 Zone: 1.5173 to 1.5291, Target2 Zone: 1.5631 to 1.5878 www.surinotes.com
Chart Patterns & Algorithmic Trader (72) EURGBP Head and Shoulders Pattern $EURGBP (D) is trading in H&S Pattern. Short entry below 0.87458, Stop above 0.88891 (-0.01433), Target1 Zone: 0.8400 to 0.8306 www.surinotes.com
Chart Patterns & Algorithmic Trader (73) GBPAUD ABC Bullish Pattern $GBPAUD (D) ABC Bullish Pattern Long Entry above 1.62651, Stop below 1.61605 (-0.01046), Target1 Zone: 1.7240 to 1.7534, Target2 Zone: 1.8380 to 1.8991 www.surinotes.com
Chart Patterns & Algorithmic Trader (74) GBPAUD Cup & Handle Pattern $GBPAUD (D) is trading in Cup & Handle Pattern. Entry above breakout level: 1.76498, Handle Low: 1.68620, 52.90% below breakout level. T1: 1.8570 to 1.8820 T2: 1.9541 to 2.0062 www.surinotes.com
Chart Patterns & Algorithmic Trader (75) GBPNZD ABC Bullish Pattern Reviewed in CPAT 11/13/17 $GBPNZD (D) ABC Bullish Pattern Long Entry above 1.76156, Stop below 1.73371 (-0.02785), Target1 Zone: 1.8653 to 1.9011, Target2 Zone: 2.0042 to 2.0788 www.surinotes.com
Chart Patterns & Algorithmic Trader (76) USDJPY ABC Bullish Pattern $USDJPY (D) ABC Bullish Pattern Long Entry above 111.685, Stop below 110.835 (-0.850), Target1 Zone: 115.42 to 116.66, Target2 Zone: 120.25 to 122.85 www.surinotes.com
Key Support/Resistance, Pivots
Chart Patterns & Algorithmic Trader ES Fib. Zone Pivots (78) @ES Fib. Zone Pivots www.surinotes.com
Chart Patterns & Algorithmic Trader (79) NQ Fib. Zone Pivots NQ Fib. Zone Pivots www.surinotes.com
Chart Patterns & Algorithmic Trader (80) QM Fib. Zone Pivots QM Fib. Zone Pivots www.surinotes.com
Chart Patterns & Algorithmic Trader (81) GC Fib. Zone Pivots @GC Fib. Zone Pivots www.surinotes.com
Chart Patterns & Algorithmic Trader YM Fib. Zone Pivots (82) YM Fib. Zone Pivots www.surinotes.com
GAP Charts Shows filled and unfilled gap levels
Chart Patterns & Algorithmic Trader @ES Gap Chart (84) @ES Gap chart with filled and unfilled Gaps with at least 1 ATR Gap. www.surinotes.com
Chart Patterns & Algorithmic Trader @NQ Gap Chart (85) @NQ Gap chart with filled and unfilled Gaps with at least 1 ATR Gap. www.surinotes.com
Chart Patterns & Algorithmic Trader YM Gap Chart (86) @YM Gap chart with filled and unfilled Gaps with at least 1 ATR Gap. www.surinotes.com
Earnings Companies releasing earnings in the next few weeks.
December Earnings Calendar
January Earnings Calendar
Chart Patterns & Algorithmic Trader (90) ADBE Parabolic Arc Pattern Reviewed in CPAT 09/18/17 $ADBE (W) is trading in Parabolic Arc from 08/19/2011 (low: 22.67) to 12/01/2017 (high: 186.27). Parabolic Arc patterns are long-term patterns, but most of the upside parabolic patterns return to at least 50-62% of its prior rise in a correction mode. www.surinotes.com
Chart Patterns & Algorithmic Trader BLK AB=CD Pattern (91) BLK (Weekly, Earnings: 1/10/18) is trading in AB=CD pattern. AB=CD pattern completion is level: $497. www.surinotes.com
Chart Patterns & Algorithmic Trader (92) C ABC Bullish Pattern Reviewed in CPAT 10/09/17 $C (W) ABC Bullish Pattern Long Entry above 40.35, Stop below 34.51 (-5.84), Target1 Zone: 56.8 to 62.8, Target2 Zone: 80.3 to 92.9 www.surinotes.com
Chart Patterns & Algorithmic Trader (93) COST ABC Bullish Pattern $COST (W) ABC Bullish Pattern Long Entry above 154.28, Stop below 149.99 (4.29), Target1 Zone: 179.4 to 187.4, Target2 Zone: 210.5 to 227.1 www.surinotes.com
Chart Patterns & Algorithmic Trader (94) MU ABC Bullish Pattern Reviewed in CPAT 12/04/17 $MU (W) ABC Bullish Pattern Long Entry above 11.54, Stop below 9.30 (-2.24), Target1 Zone: 28.7 to 34.0, Target2 Zone: 49.2 to 60.2 www.surinotes.com
Chart Patterns & Algorithmic Trader (95) RHT ABC Bullish Pattern Reviewed in CPAT 09/18/17 $RHT (W) ABC Bullish Pattern Long Entry above 75.07, Stop below 68.53 (-6.54), Target1 Zone: 82.3 to 86.0, Target2 Zone: 96.8 to 104.5 www.surinotes.com
Weekly Relative Performances
Sector & Indexes Relative Performances Winners: Retail, Financials, Industrials Losers: Healthcare, Energy, Utilities
Dow 30 Weekly Relative Performance
Select Sectors Weekly Performance
Country ETFs Weekly Performance
Commodity ETFs Weekly Performance
Watch Lists Momentum Relative Strength Bullish/Bearish Lists NH/NL Oversold/Overbought Key Retracements
Sector ETF %DWMY
Relative Strength Ranks (200)
RS Ranks Sorted (Alpha)
Bullish/Bearish List
52 Week Highs and Lows
D%, W%, M%, YTD%
Algorithmic Trading Algo. Techniques Algo. Reports Current Algorithms ALL RETURNS POSTED ON THIS PUBLICATION ARE HYPOTHETICAL PERFORMANCE GENERATED BY COMPUTERIZED SYSTEM AND THEY ARE NOT ACTUAL TRADE REPORTS. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
Trading Confluence of Chart Patterns by Suri Duddella Chart patterns form purely as a result of knowledge based bias work in the markets. The learned behavior of traders to buy and sell above and below the key support and resistance levels or around critical price levels (highs, lows, pivots) creates price barriers in the form of trendlines or channels. These barriers become action/reaction lines and form geometric structures (Chart Patterns). Successful pattern trading requires the knowledge of chart pattern formation, its arrangement, and its market manipulation. The recognition of patterns and its body of knowledge of how to react and what to expect helps a trader’s success. What is Confluence? Technical Analysis is the study of behavioral patterns of various technical events. Confluence is when there is more than one technical analysis concept coming together at the same point in the market. Traders find a setup which has multiple price concepts from various non-correlated techniques or multiple price-patterns have found a high probability trading opportunity and there is a high chance of the trade working out successfully. Finding a confluence could eliminate noise from validating signal. When multiple ideas or events begin to unfold, traders look for confluence to have an edge before entering a trade. Confluence can be found in all forms of the markets -- Price Patterns, Moving Averages, Pivots, Support or Resistance levels, Trendlines and Fibonacci levels. All these tools were meeting a single location to form a unified event, it is considered a point of confluence. Confluence trading is simply combining more than one trading technique or chart pattern or analysis to increase trader odds of winning on a trade. Patterns Confluence with Price Levels First I present a basic example of how confluence concept works with Patterns and price levels. I am a believer of the confluence of various price levels forming support and resistance zones. Confluence zones from multiple pattern or trade setups act as key areas for price-action. Trading solely with these price levels may not be the best choice, but using these confluence zones with pattern setups may result in profitable trades. Here I show how I anticipate these confluence price zones and trade ABC chart pattern with the market context. The following chart shows S&P Emini (@ES) contract daily chart with ABC Bullish pattern and Floor & Fib. Zone Pivots indicators. @ES formed an ABC Bullish pattern from July to November of 2016 with a long entry at 2088 and a stop at 2068. The first target zone is 2198 to 2233 and the second target zone is 2335 to 2408. A Floor & Fib. Zones pivots (Monthly) indicator is also plotted on the same chart to find potential support and resistance zones. A confluence target zone for ABC Bullish pattern targets and pivots target zones is formed from 2365 to 2394. @ES reached its confluence target zone 2388 in March 2017.
● where as eSIX indicator made higher-high levels signaling positive divergence and a potential reversal in its downtrend. From April to mid-May, TLT also formed an ABC Bullish pattern. The confluence of TLT's double bottom pattern (weekly) and ABC Bullish pattern with a strong positive divergence signaled a long trade opportunity. ABC trade entry was at $121.25 with a stop below $119.9 and targets are $125-$126.5 and $130-$133. Patterns Confluence The confluence of technical indicators or patterns is a great way to validate trends and enter trades with confidence. When similar chart patterns (continuous or reversal) forming in multiple time-frames at the same point, traders may have found high probability trading opportunities. Here I present current 20-Year Treasury ETF (TLT) chart in multiple timeframes and various chart patterns to show the significance of confluence trading. A Double Bottom pattern is formed in TLT weekly timeframe from June 2015 to April 2017 with a long entry at 119 and stop at 116. The first target range is $134-$139. Also, notice an embedded Dragon Bullish pattern inside Double bottom pattern in January 2017. The third chart shows TLT (Daily) and a confluence of 5Wave (bullish) pattern weekly double bottom pattern (bullish) and ABC bullish patterns. A bullish divergence from the bottom of the price and a 5-Wave pattern showing higher-high and higher-low swings. 5-Wave patterns are similar to Elliott wave patterns with simple wave formations. A bullish price channel is drawn on the 5-Wave pattern to compute the target zones. The 5-Wave pattern target zone is set at the top of the trend-channel at $132$134. The second chart shows TLT daily chart along with a trend indicator eSIX. The trend indicator eSIX uses non-correlated components to derive the underlying trend. TLT made lower-low swing prices from January 2017 to April 2017,
PlatoAlgo. Performance Report (12/08/17) Short/Medium Term, Not for Sale or Lease.
Monty Algo. Performance (12/08/2017) Long Term, NOT for Lease or Sale
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Poster 24” x 36” (100 lb. Gloss Paper) 30 illustrated patterns with Entries, Stops and Targets Pattern Conditions & Trading Rules $19.95 (FREE Shipping in the US) suriNotes.com PATTERNS | PRODUCTS | RESEARCH | BLOG Please send comments and suggestions to suriNotes@gmail.com
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