Umbrella and Candy Cane Technical Chart Pattern
I like to call the pattern that the Futures did today an Umbrella Pattern ( you can see it looks like that into 12pmEST) and then support breaks and we turn into a Candy Cane Pattern.
Whenever I see that pattern that’s what it reminds me of and noticed this a/m that futures didn’t seem like the usual trading we are use to seeing.
I talk more about My favorite Chart Technical Chart Patterns and my favorite Japanese candlesticks and how I use them in my traing. You can find that video and more in our Members Webinar section.
Technical Analysis 101 – here: https://members.stockguy22.com/content/p/id/21/
Class is 1 hour and 44 minutes – I review Candlesticks, Fibonacci numbers, support-resistance , moving averages and chart pattern recognition. Comes free with any Gold or Diamond Membership.
Ends this month Special Gold membership for only $69/month ( save $20/month) to get all my live trades (buys/sells), 2,000+ detailed charts, webinars,live scans & more http://ow.ly/mu0Hk
Here are the Futures Charts for today Wed. July 24, 2013 and those patterns that formed.
double click chart to see it clearer and larger