Umbrella and Candy Cane Technical Chart Patterns

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.

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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

Umbrella and Candy Cane Technical Chart Patterns

Umbrella and Candy Cane Technical Chart Patterns

Posted in Blog, Charting & Analysis, Charts, Futures Tagged with: , , , , , , , ,