Caterpillar is showing Trend Reversal Chart patterns currently, ie breakout from Falling Wedge and forming a Double Bottoms. Watch for a breakout at the neckline resistance at $85.
Original post by Marubozu My Stocks Investing Journey.
Apple (AAPL) is currently consolidating in a Descending Triangle. Immediate support is at the 120-122 zone. In general, the trend is still up for AAPL.
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Original post by Marubozu from My Stocks Investing Journey
GLD is in the process of forming a Double Bottoms after rebounding from the support at about $109-$110 with an Inverted Hammer (with bullish confirmation). GLD is currently facing the previous neckline resistance ($115) of Inverted Head and Shoulders. There are a few more resistances ahead ($117 & $122) to clear to confirm the long term down trend reversal.
