Slowing MOM Short - Decreasing momentum at the highs shows that interest in buying the stock is waning
Slowing MOM Short Break - Decreasing momentum at the highs shows that the interest in buying the stock is waning and we are closing very near to the resistance level (within one ATR). If resistance fails you should expect at least a one ATR move in the direction of the downwards break. This is the combination of two of the basic patterns: the Slowing momentum rising to Resistance, and the Break Down.
Slowing MOM Short M - Decreasing momentum at the highs shows that the interest in buying the stock is waning and we have a lower swing high (an ‘M’) indicating a clear decline in buyers. This is the combination of two of the basic patterns (the Slowing momentum rising to Resistance and the Break Down) with the additional requirement of a lower swing high.
Slowing MOM Short M Break - Decreasing momentum at the highs shows that the interest in buying the stock is waning and we have a lower swing high (an ‘M’) indicating a clear decline in buyers. This is the combination of two of the basic patterns (the Slowing momentum rising to Resistance and the Break Down) with the additional requirements of a lower swing high and the Close very near to the support level.
Slowing MOM Short Break Retrace - Decreasing momentum at the highs shows that interest in buying the stock is waning. Then the instrument broke support and retraced. This indicates a clear loss in buyers. This is a derivative of the Slowing momentum rising to Resistance and a Bear Rally.
Slowing MOM Short M Retrace - Decreasing momentum at the highs shows that interest in buying the instrument is waning, and we have a lower swing high. The stock then broke downward and rallied back giving us another shorting opportunity. This is a derivative of the Slowing momentum rising to Resistance and a Bear Rally, with the additional requirement of a lower swing high.
Slowing MOM Long - Decreasing momentum at the lows shows that interest in buying the stock is waning
Slowing MOM Long Break - Decreasing momentum at the lows shows that the interest in buying the stock is growing and we are closing very close to the Support level (within one ATR). If support fails you should expect at least a one ATR move in the direction of the upwards break. This is the combination of two of the basic patterns: the Slowing momentum dropping to Support, and the Break Up.
Slowing MOM Long W - Decreasing momentum at the lows shows that the interest in selling the stock is waning and we have a higher swing high (a ‘W’) indicating a clear decline in sellers. This is the combination of two of the basic patterns: the Slowing momentum dropping to Support, and the Break Up, with the additional requirement of a higher swing low.
Slowing MOM Long W Break - Decreasing momentum at the lows shows that the interest in selling the stock is waning and we have a lower swing high (a ‘W’) indicating a clear decline in sellers. This is the combination of two of the basic patterns: the Slowing momentum dropping to Support, and the Break Up, with the additional requirement of a higher swing low and the Close very near to the resistance level.
Slowing MOM Long Break Retrace - Decreasing momentum at the lows shows that interest in selling the stock is waning. Then the instrument broke resistance and retraced. This indicates a clear loss in sellers. This is a derivative of the Slowing momentum rising to Resistance and a Bear Rally.
Slowing MOM Long W Retrace - Decreasing momentum at the lows shows that interest in selling the instrument is waning, and we have a higher swing high. The stock then broke upward and dropped back giving us another long opportunity.
Overstretched Down - Here the instrument is trading well above resistance and is ready for a short term correction.
Overstretched Up - Here the instrument is trading well below resistance and is ready for a short term correction.