suriNotes.com’s Oct. 02, 2017 Chart Patterns & Algo. Trader A Weekly Magazine ●Stocks/Options/Futures ●Commodities/FX ●Daily/Weekly/Monthly Analysis ●Watchlists ●Auto Generated Chart Patterns/Analysis ●Algorithmic Trading Analysis/Results ●Advanced Trading Ideas ●Relative Strength Ranks
2 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
3 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.
4 Table of Contents US Markets Patterns Gallery Key Levels: Key Supp/Resistance/Pivots Charts GAP Charts Chart Patterns Stocks/Futures/Commodities/FX Earnings Next Week/Charts Weekly/YTD Relative Performances Hot WatchLists Bullish/Bearish, Momentum, Relative Strength ALGORITHMIC TRADER Trading Inverse Head and Shoulders Patterns Algorithmic Trades EDUCATION Symbols Universe Books/Websites/Software
5 Major Markets Patterns Gallery
6 Chart Patterns Stocks/Options/Indexes
Chart Patterns & Algorithmic Trader (7) CERN Cup & Handle Pattern CERN is trading in Cup & Handle Pattern. Entry above breakout level: 69.28, Handle Low: 61.48, 38.07% below breakout level. T1: 80.2 to 83.6, T2: 93.5 to 100.7 www.surinotes.com
Chart Patterns & Algorithmic Trader (8) AMTD Cup & Handle Pattern AMTD 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 (9) LVS Cup & Handle Pattern LVS is trading in Cup & Handle Pattern. Entry above breakout level: 66.22, Handle Low: 62.24, 56.37% below breakout level. T1: 70.6 to 71.8, T2: 75.2 to 77.7 www.surinotes.com
Chart Patterns & Algorithmic Trader (10) DECK ABC Bullish Pattern DECK (D) ABC Bullish Pattern Long Entry above 62.84, Stop below 61.36 (-1.48), Target1 Zone: 71.4 to 74.1, Target2 Zone: 82.0 to 87.7 www.surinotes.com
Chart Patterns & Algorithmic Trader (11) BBRY ABC Bullish Pattern $BBRY (W) ABC Bullish Pattern Long Entry above 9.04, Stop below 8.46 (-0.58), Target1 Zone: 11.6 to 12.5, Target2 Zone: 14.9 to 16.7 www.surinotes.com
Chart Patterns & Algorithmic Trader (12) AMAT Ascending Triangle AMAT is trading in Ascending Triangle. The top breakout level is at 47.80. Targets: $53-55. www.surinotes.com
Chart Patterns & Algorithmic Trader (13) AAPL (W) Regression Channel AAPL (W) is trading in regression channel as it reached its top of the range $164.90 on 9/1/17. AAPL also has negative divergence in eSix indicator and filled its gap at $150. www.surinotes.com
Chart Patterns & Algorithmic Trader (14) TSLA 2B Top Pattern TSLA is trading in 2B Top pattern from last week. 2B trade entry is below 371. First target is previous pivot (331). Second target is $304. www.surinotes.com
Chart Patterns & Algorithmic Trader (15) TSLA (W) Inv. HS Pattern TSLA (W) is trading in Inverse Head and Shoulders pattern.Neckline is 269.34. Stop below 223.76 (45.57), Target1 Zone: 348.6 to 370.2, Target2 Zone: 432.3 to 477.2 Currently TSLA is trading in a consolidation pattern near first target zone. www.surinotes.com
Chart Patterns & Algorithmic Trader (16) INTC ABC Bullish Pattern $INTC (D) ABC Bullish Pattern Long Entry above 35.12, Stop below 34.37 (-0.75), Target1 Zone: 36.5 to 37.1, Target2 Zone: 38.8 to 40.0 www.surinotes.com
Chart Patterns & Algorithmic Trader (17) CVX ABC Bullish Pattern $CVX (D) ABC Bullish Pattern Long Entry above 107.25, Stop below 105.29 (-1.96), Target1 Zone: 110.8 to 112.3, Target2 Zone: 116.6 to 119.7 www.surinotes.com
Chart Patterns & Algorithmic Trader (18) FDX ABC Bullish Pattern $FDX (D) ABC Bullish Pattern Long Entry above 206.82, Stop below 203.12 (-3.70), Target1 Zone: 224.1 to 229.8, Target2 Zone: 246.3 to 258.2 www.surinotes.com
Chart Patterns & Algorithmic Trader (19) MMYT Head and Shoulders Pattern $MMYT (D) HS Pattern. Short entry below 30.60, Stop above 33.10 (-2.50), Target1 Zone: 24.2 to 22.5, Target2 Zone: 17.5 to 13.9 www.surinotes.com
Chart Patterns & Algorithmic Trader (20) CBS Head and Shoulders Pattern CBS is trading in Head and Shoulders pattern. Short entry is below Neckline $61.95. First target zone is $55-57. Second target zone: $48.75 to $51.6. www.surinotes.com
Chart Patterns & Algorithmic Trader (21) AMGN Bull Flag pattern AMGN pattern is trading in Bull Flag patten. www.surinotes.com
Chart Patterns & Algorithmic Trader (22) IBB Bull Flag Pattern IBB is trading in Bull Flag pattern. www.surinotes.com
Chart Patterns & Algorithmic Trader (23) CMG Parabolic Arc Pattern CMG (W) is trading in Parabolic pattern. CMG first target range is $191-311. www.surinotes.com
Chart Patterns & Algorithmic Trader (24) BWLD Parabolic Arc Pattern BWLD is trading in Parabolic Arc pattern. BWLD first target range is $55-87. www.surinotes.com
Chart Patterns & Algorithmic Trader (25) ULTA Parabolic Arc Pattern ULTA (W) is trading in Parabolic Arc pattern. First target is at 50% (161), 62%-79% range is $73-124.5 www.surinotes.com
Chart Patterns & Algorithmic Trader (26) COST Dragon (Bull) pattern COST is trading in Dragon pattern. COST earnings are 10/5/17. First target range is $170-175, $182. www.surinotes.com
Chart Patterns & Algorithmic Trader (27) GM (W) ABC Bullish Pattern $GM (W) ABC Bullish Pattern Long Entry above 34.16, Stop below 31.91 (-2.25), Target1 Zone: 38.8 to 40.7, Target2 Zone: 46.2 to 50.1 www.surinotes.com
Chart Patterns & Algorithmic Trader (28) EFX Parabolic Arc Pattern EFX is trading in Parabolic Arc pattern. Short entry is below $115 level. First target is at $83, Second target zone: $47-67. www.surinotes.com
Chart Patterns & Algorithmic Trader (29) @NQ Rising Wedge Pattern Nasdaq Emini Futures (@NQ.D) is trading in rising wedge pattern. Watch rising wedge patterns lower trendline and key pivots for breakdown. www.surinotes.com
30 Chart Patterns Futures & Commodities
Chart Patterns & Algorithmic Trader (31) @AD (Australian Dollar) ABC Bullish Pattern @AD (Australian Dollar) completed its 2nd target zone in ABC Bullish pattern. Currently it is forming a Negative divergence in Price/eSix. www.surinotes.com
Chart Patterns & Algorithmic Trader (32) @CD in ABC Bullish Pattern $@CD (W) ABC Bullish Pattern Long Entry above 0.74433, Stop below 0.72685 (0.01748), Target1 Zone: 0.8020 to 0.8224, Target2 Zone: 0.8812 to 0.9237 www.surinotes.com
Chart Patterns & Algorithmic Trader (33) @CL Inv. H&S Pattern $@CL (D) Inv. HS Pattern. Long entry above 51.13, Stop below 48.63 (2.50), Target1 Zone: 56.2 to 57.6, Target2 Zone: 61.5 to 64.4 www.surinotes.com
Chart Patterns & Algorithmic Trader (34) @GC (Gold) ABC Bullish Pattern @GC (Gold Futures) is trading in ABC Bullish pattern. @GC is in pullback mode after reaching its first target zone (1342-1397), Current trail stop is at 1257. www.surinotes.com
Chart Patterns & Algorithmic Trader (35) @JY Rectangle Channel Pattern @JY is trading in Rectangle Channel pattern. Watch upper and lower boundaries for potential breakout/breakdown trades. www.surinotes.com
Chart Patterns & Algorithmic Trader (36) @PL (Platinum Futures) Rectangle Channel @PL is trading in rectangle channel pattern. www.surinotes.com
Chart Patterns & Algorithmic Trader (37) @QM ABC Bullish Pattern $@QM (D) ABC Bullish Pattern Long Entry above 48.050, Stop below 46.125 (1.925), Target1 Zone: 51.22 to 52.60, Target2 Zone: 56.56 to 59.43 www.surinotes.com
Chart Patterns & Algorithmic Trader (38) @SI (Silver Futures) Inv. HS pattern @SI is forming Inv. H&S pattern. Price needs to close above Neckline: 17.896 for pattern validation. www.surinotes.com
39 Chart Patterns FX
Chart Patterns & Algorithmic Trader (40) AUDJPY C&H Pattern AUDJPY is trading in Cup & Handle Pattern. Entry above breakout level: 88.171, Handle Low: 85.396, 41.49% below breakout level. T1: 92.30 to 93.43, T2: 96.67 to 99.01 www.surinotes.com
Chart Patterns & Algorithmic Trader (41) CHFJPY ABC Bullish Pattern $CHFJPY (W) ABC Bullish Pattern Long Entry above 110.483, Stop below 107.675 (-2.808), Target1 Zone: 116.19 to 118.50, Target2 Zone: 125.17 to 129.99 www.surinotes.com
Chart Patterns & Algorithmic Trader (42) EURJPY(W) ABC Bullish Pattern $EURJPY (W) ABC Bullish Pattern Long Entry above 118.063, Stop below 114.843 (-3.220), Target1 Zone: 123.85 to 126.30, Target2 Zone: 133.35 to 138.45 www.surinotes.com
Chart Patterns & Algorithmic Trader (43) GBPCAD Double Bottom Pattern $GBPCAD (W) Double Bottom pattern Long Entry above 1.63029, Stop below 1.58356 (-0.04673), Target1 Zone: 1.7145 to 1.7500, Target2 Zone: 1.8525 to 1.9267 www.surinotes.com
Chart Patterns & Algorithmic Trader (44) GBPUSD Symm. Triangle Pattern GBPUSD in Symmetric Triangle pattern. www.surinotes.com
Key Support/Resistance, Pivots
Chart Patterns & Algorithmic Trader (46) ES Fib. Zone Pivots @ES Fib. Zone Pivots www.surinotes.com
Chart Patterns & Algorithmic Trader (47) NQ Fib. Zone Pivots NQ Fib. Zone Pivots www.surinotes.com
Chart Patterns & Algorithmic Trader (48) YM Fib. Zone Pivots YM Fib. Zone Pivots www.surinotes.com
Chart Patterns & Algorithmic Trader (49) QM Fib. Zone Pivots QM Fib. Zone Pivots www.surinotes.com
Chart Patterns & Algorithmic Trader (50) @GC Fib. Zone Pivots @GC Fib. Zone Pivots www.surinotes.com
51 GAP Charts Shows filled and unfilled gap levels
Chart Patterns & Algorithmic Trader @ES Gap Chart (52) @ES Gap chart with filled and unfilled Gaps with at least 1 ATR Gap. www.surinotes.com
Chart Patterns & Algorithmic Trader @NQ Gap Chart (53) @NQ Gap chart with filled and unfilled Gaps with at least 1 ATR Gap. www.surinotes.com
Chart Patterns & Algorithmic Trader @YM Gap Chart (54) @YM Gap chart with filled and unfilled Gaps with at least 1 ATR Gap. www.surinotes.com
Chart Patterns & Algorithmic Trader AAPL Gap Chart (55) AAPL Gap Chart shows the upside gap from 8/2/17 is closed at lower gap level $150.05. www.surinotes.com
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57 Earnings Companies releasing earnings in the next few weeks.
58 October Earnings Calendar
59 November Earnings Calendar
Chart Patterns & Algorithmic Trader (60) COST Rectangle Channel Pattern COST (Daily) has rectangle channel pattern. COST also has Double Bottom pattern (Dragon?). Watch upper/lower trendlines for potential trade setups. www.surinotes.com
Chart Patterns & Algorithmic Trader (61) COST Double Bottom Pattern COST earnings 10/5/17. COST may be trading in Dragon pattern (a variation of Double Bottom pattern). www.surinotes.com
Chart Patterns & Algorithmic Trader (62) Citigroup in Dragon pattern Citigroup (W) earnings: 10/12/17. Citigroup is trading in Dragon (Bullish) pattern for the past 2 years as it reached its second target zone (71-81). www.surinotes.com
Chart Patterns & Algorithmic Trader (63) JPM Cup & Handle Pattern JPM (Earnings: 10/12/17) 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
64 Weekly Relative Performances
65 Sector & Indexes Relative Performances Winners: Home Builders, Retail, Energy Losers: Utilities, Airlines, GoldSilver
66 Dow 30 Weekly Relative Performance
67 Select Sectors Weekly Performance
Country ETFs Weekly Performance
Commodity ETFs Weekly Performance
Futures Weekly Performance
FX Weekly Performance
72 Watch Lists Momentum Relative Strength Bullish/Bearish Lists NH/NL Oversold/Overbought Key Retracements
73 Relative Strength Ranks (200)
74 RS Ranks Sorted (Alpha)
75 Bullish/Bearish List
76 52 Week Highs and Lows
77 D%, W%, M%, YTD%
78 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.
79 Trading Inverse Head and Shoulders Patterns by Suri Duddella One of the most popular chart patterns in market analysis is "Head and Shoulders" (H&S) pattern. The H&S patterns form near market tops in an established sideways to up trending or bullish markets. The H&S patterns are reversal patterns as they reverse its prior uptrend and follow a bearish or downtrend from its breakdown. These patterns are signified by three successive peaks (tops) resembling two shoulders on both sides and a head in the middle. The head is the largest of the three peaks. An Inverse Head and Shoulders (Inv. H&S) pattern is the head and shoulders pattern upside down (mirror image) and follow similar structure and trading rules (in reverse) as H&S pattern. The Inv. H&S patterns are also reversal patterns and form in established downtrends. Inverse H&S Pattern Components Head & Shoulders: The 'head' and 'shoulders' in Inv. H&S patterns are formed by three successive troughs (bottoms) opposed to peaks (tops) in H&S patterns. The middle trough (head) is the deepest in the pattern. The ratio of the height of the head to the largest of shoulders height and should be less than 0.78. The size of the head is measured as the vertical distance from the neckline to the trough of the head. Neckline: The neckline is formed by connecting the highs of shoulders and the high of the head in the Inv. H&S pattern. These are reaction highs formed to define the pattern structure. The neckline can have up, down or horizontal slopes. Upward slopes tend to be more bullish than downward slopes. In my experience, the patterns with horizontal necklines produce better results. Volume: Volume plays a significant role in pattern structure and its validity of trading rules. Price breakouts from neckline must be supported by expanded volume for a valid short entry. Volume build up in the left shoulder is usually higher than the volume in right-shoulder. During the head formation (bottom), the volume in the first half of the head may be higher than volume in the secondhalf. An increased volume above neckline for a breakout signifies completion of the pattern. Success/Failure Ratios: Inv. Head and Shoulders (SF Ratio: 0.682) have higher success/failure ratio than Head and Shoulders pattern (0.59). Trading Inverse Head & Shoulders Pattern Entry: After right-shoulder formation and pattern completion, if price closes above the neckline with increased volume, enter a long trade above the breakout bar's high. Stops: 1. Place a stop below the middle of neckline and right-shoulder 2. Place a final stop below the low of the right-shoulder. Targets: Targets are projected from the neckline level. Measure the height of the head and use Fibonacci ratios to compute targets. The first target range is 62-79% of the height of the head and second target range is 127-162% above neckline.
Example Trade Description Current Inv. HS Examples The following chart shows the Inverse Head and Shoulders pattern formation and its trade in Social Media ETF (SOCL) from November 2015 to April 2016 . Here are some of the key points and how it is traded. ● SOCL was trading in a significant downtrend since December 2015. ● Volume build-up was heavy in the left shoulder and left half of the head. ● Inverse H&S pattern completed with fully formed right-shoulder. ● Breakout above neckline $18.18 with increased volume for long entry 1: 18.40 (4/8/16) ● Stop placed below the right-shoulder's low $17.25 ● Target zones: $19.81-20.25, $21.53-22.44, $24.18-25.07. Head Height: $2.63 ● Target zone 1 ($19.81-20.25) was reached on 5/31/16 ● Target zone 2 ($21.52-22.44) was reached on 7/11/16. ● Expecting a pullback before continuing its target towards Target zone 3. ● Notice while building the right-shoulder, volume was light compared to the left-shoulder. .
Chart Patterns & Algorithmic Trader (81) COH Inv. H&S Pattern COH Inverse Head and Shoulders Pattern. COH Neckline: $43.71, Stop: $39.5, Targets: $50, $53-56. COH traded at $48.85 in July’17 and retraced back below the neckline. www.surinotes.com
Chart Patterns & Algorithmic Trader (82) FXI Inv. H&S Pattern FXI traded in Inv. HS pattern in April 2017 with a neckline at $39.17 and Stop below $36 and Targets: $43, $46-$48. In October 2017, FXI is trading at a high of $45. www.surinotes.com
Chart Patterns & Algorithmic Trader (83) PIN Inv. H&S Pattern www.surinotes.com
Chart Patterns & Algorithmic Trader (84) FSLR Inv. HS Pattern www.surinotes.com
85 PlatoAlgo. Performance Report (9/29/17) Not for Sale or Lease.
86 Monty Algo. Performance (Sept. 29, 2017) Long Term, NOT for Lease or Sale
87 Symbols Universe
88 Symbols Universe
Books/Websites/Software
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