Real-time pattern trading is the easiest way to find entry and exit prices if you can scan thousands of stocks and ETFs within minutes. It is definitely impossible for humans. Artificial Intelligence (A.I.) not only discovers these patterns, but also checks if they worked out well in the past. Knowing the success rate in the past allows A.I. to establish the odds of success in the future.
Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the upward breakout price/entry point. To identify an exit, compute the target price for this formation by adding the height of the pattern to the upward breakout level. Pattern height is the difference between the breakout price (the highest high within the pattern) and the highest low.
To limit potential loss when the price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
The Broadening Wedge Ascending pattern forms when the price of a security progressively makes higher highs (1, 3) and higher lows (2, 4), following two widening trend lines. This pattern may form when large investors spread their buying over a period of time.
The theory goes that after initial buying occurs, other market participants react to the rising price and jump on the bandwagon to participate. Then value investors begin to sell, believing the price has risen too much, which spurs the original large investor to resume buying again. Once these activities stop, the price may break out in either direction.
Time frames No matter your trading strategy (day trading, swing, etc), we have patterns that will be ready to trade.
KDP - Keurig Dr Pepper Inc
STATUS | Confirmed |
---|---|
CURRENT CONFIDENCE | 58% |
TARGET (EXIT) PRICE | 34.85 USD |
BREAKOUT (ENTRY) PRICE | 34.57 USD |
DISTANCE TO TARGET PRICE | 0.81% |
CONFIRMED ON | Aug 05, 11:34 AM (EDT) |
EMERGED ON | Aug 05, 11:30 AM (EDT) |
WITH CONFIDENCE LEVEL | 67% |
SPRO - Spero Therapeutics Inc
STATUS | Confirmed |
---|---|
CURRENT CONFIDENCE | 61% |
TARGET (EXIT) PRICE | 14.32 USD |
BREAKOUT (ENTRY) PRICE | 13.89 USD |
DISTANCE TO TARGET PRICE | 1.56% |
CONFIRMED ON | Aug 05, 11:19 AM (EDT) |
EMERGED ON | Aug 05, 11:15 AM (EDT) |
WITH CONFIDENCE LEVEL | 66% |
DIOD - Diodes, Inc.
STATUS | Confirmed |
---|---|
CURRENT CONFIDENCE | 59% |
TARGET (EXIT) PRICE | 88.56 USD |
BREAKOUT (ENTRY) PRICE | 87.30 USD |
DISTANCE TO TARGET PRICE | 0.90% |
CONFIRMED ON | Aug 05, 11:16 AM (EDT) |
EMERGED ON | Aug 05, 11:15 AM (EDT) |
WITH CONFIDENCE LEVEL | 65% |
NEWR - New Relic Inc
STATUS | Confirmed |
---|---|
CURRENT CONFIDENCE | 62% |
TARGET (EXIT) PRICE | 81.32 USD |
BREAKOUT (ENTRY) PRICE | 79.49 USD |
DISTANCE TO TARGET PRICE | 1.94% |
EMERGED ON | Aug 05, 10:49 AM (EDT) |
WITH CONFIDENCE LEVEL | 72% |