• Home
  • US Market Updates
  • Education
    • Beginners Video Course
    • Intermediate Video Course
      • Syllabus of the Course
    • Trading Like A Pro Video Course
    • Video Lesson of the Week
  • Blog
  • Chat Room
  • Pricing
  • FAQ
Menu
  • Home
  • US Market Updates
  • Education
    • Beginners Video Course
    • Intermediate Video Course
      • Syllabus of the Course
    • Trading Like A Pro Video Course
    • Video Lesson of the Week
  • Blog
  • Chat Room
  • Pricing
  • FAQ

Subscription: Value Stocks

UTHR - dropped too low

On 8 April 2019 I posted an original report on UTHR. The count expected a completion of correction of the wave ( 4 ) down shaped as a symmetrical triangle. 

UTHR - weekly chart updated on 4/8/2019

Sub Value

Let’s look below on the updated chart. Theoretically we still can count that correction as a triangle.  Sometimes the final wave E of the triangle breaks under support. But that move down makes that setup less reliable LONG setup. The critical support for this long setup is the low of the wave ( B ) down at 81.79. As long as price stays over that level the stock has a potential for another rally in wave ( 5 ) up. If you are not long this stock I would recommend you not to go long here. I would wait for a move up out off that green demand zone followed by a corrective micro a-b-c down.

UTHR - weekly chart updated on 5/22/2019

Tags
$ES $SPX a-b-c- up pullback a-b-c up Bearish reversal Bear Market Rally Bitcoin Bottoming Breakdown breakout Bullish Wedge Crude Oil Daily Double Three DXY ES Expanded Flat Expanding Triangle failed breakdown failed breakout Green Box Head and Shoulders i down - ii up setup Inverse Head and Shoulders i up - ii down setup Macro micro Month Opening Range NQ one more high one more higher high Red Box RTY Running Flat S&P short setup SPX topping toppying trading setup triangle Triple Three weekend Weekly YM
Read my Blog

  • My Account
  • Login
Hestia | Developed by ThemeIsle