Broadcom has a very particular behavior, it loves to rally in sharp upward bursts.
It often opens with gaps, quickly pushing the price to new levels. Interestingly, the gap zones are never violated during these uptrends.
However, we’ve recently seen a small but concerning move back into a previous gap area.
In past cases, this has been Broadcom’s first bearish signal, often marking the start of a cooling phase. (see white circles for recent behaviour)
That said, this kind of signal doesn’t always mean a full reversal, sometimes it just suggests a sideways consolidation while the buying euphoria takes a breather.
🤔 What do you think?
Will Broadcom respect its usual pattern again… or will this be the first time it ignores it and keeps printing new ATHs?
It often opens with gaps, quickly pushing the price to new levels. Interestingly, the gap zones are never violated during these uptrends.
However, we’ve recently seen a small but concerning move back into a previous gap area.
In past cases, this has been Broadcom’s first bearish signal, often marking the start of a cooling phase. (see white circles for recent behaviour)
That said, this kind of signal doesn’t always mean a full reversal, sometimes it just suggests a sideways consolidation while the buying euphoria takes a breather.
🤔 What do you think?
Will Broadcom respect its usual pattern again… or will this be the first time it ignores it and keeps printing new ATHs?
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I share my ideas, returns and knowledge here:
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🤝 Business contact: info@topchartpatterns.com
I share my ideas, returns and knowledge here:
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🤝 Business contact: info@topchartpatterns.com
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
⚡ Trading is not about luck or patience. Is about skills and knowledge. ⚡
I share my ideas, returns and knowledge here:
📚 👉 topchartpatterns.substack.com/subscribe 👈📚
🤝 Business contact: info@topchartpatterns.com
I share my ideas, returns and knowledge here:
📚 👉 topchartpatterns.substack.com/subscribe 👈📚
🤝 Business contact: info@topchartpatterns.com
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
