In this forex pair we can see two downward-facing trends. The medium trend size is in a very old phase, in its respective seventh correction arm. A large trend continuation is not that likely, but we can also see a downtrend in the small trend size. This trend is very young and has been able to continue each time.
Applied Materials (NASDAQ:AMAT)
This value could be interesting for investors. The small trend size displayed in the chart is very mature and could break in the near future, at the latest with a break by the closing price at $25.71. The last weekly candle indicates continually increasing prices, and as a consequence we can speculate on the aforementioned trend break.
Pfizer (NYSE:PFE)
If we observe Pfizer in the hourly chart and here in the big trend size, we see a very young but large downtrend. This trend is currently in a deep correction and has a very long way ahead of it to reach the next point two at $28.25. My short trade has been active since the entry at $33.17, and I am speculating on a trend continuation. As you can see, my stop lies slightly above the last point three at $36.87.
Boeing (NYSE:BA)
We are looking at Boeing in the daily chart and the medium trend size. We can see a young downtrend that was in the correction but has developed some reversal signals. My short trade is already active, but it is not too late to get in. The first target is located at the last point two at $104.47; the stop was placed above the last point three at $158.62.
For presentation purposes the trading software "AgenaTrader" has been used.
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