Ideas (Inverted Head & Shoulders) Twitter -20%

NU Northeast Utilites Symmetrical Triangle

Symmetrical Triangle produces a $50 handle Objective on breakout

Pattern Worth Noting DTE Energy

One of the Cleanest Symmetrical 'Continuation Patterns' I have came across as of late. The previous Pattern PFE broke out nicely for a decent return, and is mimicking this same setup. If a entry can be triggered to the long side at 67.42 before the lows of 64.52 are taken out I expect this pattern to have a High Volume Node Shift resulting in a upper trend-line breakout. Expected measured move prior to breakout is 77.75. New actual pattern will be calculated ounce breakout is confirmed. 

$PFE Pfizer Long 'Symmetrical Triangle Contines'

CL Crude Oil Update Symetrical Trianle

$CL_F $91.91 Pivotal Low, Bulls need to take out $93.47 High after mid-band resistance

Oil Symmetrical Triangle

Oil futures daily chart is forming a Symmetrical Triangle. On the 3rd test of the trend-line identified "X" is the ideal location to get long instead of buying the breakout. .618 retrace from the November 2012 lows to the January 2013 highs along with a key pivot bar is propping this future to where it could see higher prices next week. I also like how its breaking out of the organized falling trend channel that was established against the Right Shoulder highs made in February. My overall expectation is for the "Neckline" to be tested and for oil to continue higher and targeting those 127.2 extensions. 

Gold Weekly Inverted Head & Shoulders Pattern

Gold $GC_F futures weekly chart has been testing its Key Reference Area (3) times since putting in 1923.70 highs from September of last year. In doing so, these (3) tests have created a large inverse head and shoulders bottoming pattern as the head was defended of may this year with a right shoulder low of 1526.70. After putting in a right shoulder low, this future made a move north to 1642.40 finding its 1st resistance. After finding the 1526.70 high/low saw a double bottom re-test in late June. Then a few months of consolidation this future was ready to breakout of its symmetrical triangle formation which targets 1758.10 which was a few points away from completing its short term upside move today. Note: smaller time-frames today are turning negative as the last 4 trading weeks look a little long in the tooth and vertical. Any pullback into the key 1642.40 area "high" I anticipate responsive buyers to be active (what was resistance now = support) , this also would be a healthy retracement needed to propel this future through the neckline and begin attacking its extremes highs of 1923.70 and then on the complete its ultimate objective of 2084.90

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