There is an interesting bullish pattern popping up in the agricultural markets. It's a pattern I spotted in gold in February, but now I've found it in at least two agricultural markets.
Soybean Futures - Cup & Handle
Let's start with a soybean futures chart.
The soybean futures price hit an all-time high of $17.89/bushel in September 2012. After that, it started to collapse in several legs to the downside, losing half of its price by September 2015. Continue reading "Bullish Pattern Spotted for Two Agricultural Futures"
We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of Deckers Outdoor Corp. (NASDAQ_DECK).
This week let's take a look at the daily line stock chart of DECK.
The line chart shows the closing prices only, and I used the line chart this week because it made the Cup with Handle Chart pattern stand out a little more.
When trading stocks we use the monthly MarketClub Trade Triangle to tell trend, and the weekly MarketClub Trade Triangle for timing the trade. Continue reading "Chart to Watch - DECK"