Below are three decent looking bearish charts. $BYD and $QCOR are both descending triangle patterns and if the bottom breaks have the potential to move much lower. These trades should only be taken if the break below the key levels, other wise with the bullishness in the market you are just hoping and guessing. These chart are also live so you can keep checking back to see how the stock is moving within the pattern.
- Pattern: Descending Triangle
- Break Down Level: 25.37
- Price Traget: 19.76
- Stop-loss: 26.36
JACK: Not real pattern here expect a wedge break. Support needs to break at 28.73 before any selling can start.
- Pattern:Descending Triangle
- Break Down: 6.51
- Price Target: 5.95
- Stop-Loss: If it breaks below 6.51 anything above 6.54
- Notes: There is a lack of support below this level so a break could send BYD much lower WATCH OUT