Patterns

The energy sector ranked the last in sector performances in 2017. In June 2017, crude oil traded at a low of $42.37 per barrel and many analysts expected lower prices with a target of $40 or lower as energy market sentiment has been bearish. Crude oil turned bullish in August 2017, when it broke a pattern of lower lows and lower highs by failing to take out the June low.
The re-awakening of Artificial Intelligence and constant technological advancements have given a rebirth of robotics in the recent years. An open-source based Robotics Operating System supported by Google (GOOG) has changed the robotics field for everyone to build faster and lower-cost robotics applications, machinery in new start-up companies. Exploitation of new Graphical Processing Units has enabled the existence of Big Data, computer vision, deep-learning and machine learning to further accelerate advances in both the AI and robotics fields.
Megaphone patterns were first described in Richard Schabacker’s 1932 book: “Technical Analysis and Stock Market Profits,” as rare and intricate patterns.
Al Brooks provides bar-by-bar analysis on a five-minute chart of the previous day’s prices action in the E-mini S&P 500.
Al Brooks provides bar-by-bar analysis on a five-minute chart of the previous day’s prices action in the E-mini S&P 500.
Al Brooks provides bar-by-bar analysis on a five-minute chart of the previous day’s prices action in the E-mini S&P 500.
Al Brooks provides bar-by-bar analysis on a five-minute chart of the previous day’s prices action in the E-mini S&P 500.
Al Brooks provides bar-by-bar analysis on a five-minute chart of the previous day’s prices action in the E-mini S&P 500.
Al Brooks provides bar-by-bar analysis on a five-minute chart of the previous day’s prices action in the E-mini S&P 500.
Al Brooks provides bar-by-bar analysis on a five-minute chart of the previous day’s prices action in the E-mini S&P 500.