Chart Patterns & Algo. Trader

suriNotes.com’s Dec. 11, 2017 Chart Patterns & Algo. Trader A Weekly Publication Trading HAPPY HOLIDAYS Confluence SALE Chart Patterns

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This document relies on sources and information reasonably believed to be accurate, but neither the author nor publisher guarantees accuracy or completeness.

The examples in this document could be considered hypothetical trades.

The CFTC warns that:

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

All the material in this document is provided as Educational Material only. NONE of the chart patterns or chart setups or all other material in this document are trade recommendations. Trading is risky. You are 100% responsible for your own trading.

Trading is risky. You are 100% responsible for your own trading. suriNotes.com or Suri Duddella, specifically disclaims any and all express and implied warranties. Your trades may entail substantial loss. Nothing in this document should be construed as a recommendation to buy or sell any security or other instrument, or a determination that any trade is suitable for you.

Chart Patterns and other material in this document are Auto generated in TradeStation software and we try our best to check for errors and data consistency, but they may still consist of data or algorithmic errors.

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US Markets Patterns Gallery Chart Patterns Energy & Oil Stocks Stocks/Futures/Commodities/FX Earnings Next Week/Charts Watch Lists Bullish/Bearish, Relative Strength Key Supp/Resistance/Pivots Charts Gap Charts Weekly Relative Performances ALGORITHMIC TRADER Trading Confluence Chart Patterns Algorithmic Trades Symbols Universe Books/Websites/Software Chart Links ■Major Market Indexes Trends 12 ■Gold, Silver, Oil and 10 Yr Notes 13 ■TRAN, VIX, DXY, SPX 14 ■@QM Inv. H&S Pattern 15 ■BAC Bull Flag Pattern 19 ■BBT Symm. Triangle Pattern 20 ■DPST ABC Bullish Pattern 21 ■FITB Symm. Triangle Pattern 22 ■GS Cup & Handle Pattern 23 ■HSBC Symm. Triangle Pattern 24 ■JPM Cup & Handle Pattern 25 ■KBE Inv. HS Pattern 26 ■KRE ABC Bullish Pattern 27 ■MS ABC Bullish Pattern 28 ■XLF ABC Bullish Pattern 29 ■PNC ABC Bullish Pattern 30 ■AMD Symmetric Triangle Pattern 33 ■DAL ABC Bullish Pattern 35 ■UPS Cup & Handle Pattern 36 ■MCD ABC Bullish Pattern 37 ■GS Cup & Handle Pattern 38 ■AXGN Parabolic Arc Pattern 39 ■AAL ABC Bullish Pattern 40 ■OSTK Parabolic Arc Pattern 41 ■AAL Symmetric Triangle Pattern 42 ■LULU Rectangle Channel 43 ■PFE ABC Bullish Pattern 44 ■ADI ABC Bullish Pattern 45 ■KLAC Cup & Handle Pattern 46 ■AMTD Cup & Handle Pattern 47 ■AAPL ABC Bullish Pattern 48 ■GILD Bear Flag Pattern 49 ■STX ABC Bullish Pattern 50 ■OIL Symm. Triangle Pattern 51 ■TSCO ABC Bullish Pattern 52 ■$BRTI ABC Bullish Pattern 53 ■@AD AB=CD Bearish Pattern 57 ■@BP Symmetric Triangle Pattern 58 ■@CD Head and Shoulders Pattern 59 ■@CL Cup & Handle Pattern 60 ■@CL Inv. H&S Pattern 61 ■@DX ABC Bullish Pattern 62 ■@HG AB=CD Pattern 63 ■@JY Inv. H&S Pattern 64 ■AUDCAD Falling Wedge Pattern 68 ■CADJPY Cup & Handle Pattern 69 ■CHFJPY Desc. Triangle 70 ■EURCAD ABC Bullish Pattern 71 ■EURGBP Head and Shoulders Pattern 72 ■GBPAUD ABC Bullish Pattern 73 ■GBPAUD Cup & Handle Pattern 74 ■GBPNZD ABC Bullish Pattern 75 ■USDJPY ABC Bullish Pattern 76 ■QM Fib. Zone Pivots 80 ■@ES Gap Chart 84 ■YM Gap Chart 86 ■ADBE Parabolic Arc Pattern 90 ■BLK AB=CD Pattern 91 ■C ABC Bullish Pattern 92 ■COST ABC Bullish Pattern 93 ■MU ABC Bullish Pattern 94 ■RHT ABC Bullish Pattern 95 Major Indexes Major Indexes

Major Indexes %Chg YTD Chart Patterns & Algorithmic Trader (12)

Major Market Indexes Trends

All four major market indexes (Weekly) charts are showing strong eSix trends.

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Gold, Silver, Oil and 10 Yr Notes

Gold started to weaken in its trend as it trades below 200 MA. Silver and Oil are still way below its 200 MA and Treasury Notes is just above 200 MA.

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TRAN, VIX, DXY, SPX

Transportaion Index, VIX, U.S. Dollar Index (Weekly) and eSIX trend indicator.

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@QM Inv. H&S Pattern

@QM (D) is forming Cup & Handle Pattern. C&H patterns are valid when price closes above breakout level. Entry above breakout level: 59.575, Handle Low: 55.825, 23.15% below breakout level. T1: 69.59 to 72.31 T2: 80.15 to 85.82

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KBE SPDR S&P Bank ETF

KRE SPDR S&P Regional Bank ETF Chart Patterns & Algorithmic Trader (19)

BAC Bull Flag Pattern

BAC (Daily) is trading in Bull Flag pattern. BAC’s bull flag breakout is above $27. First target range is $28.5 to $29, Second Target range: $31-32.5

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BBT Symm. Triangle Pattern

BBT is trading in Symmetric Triangle pattern. Symm. Triangle pattern breakout is above $47.40. Targets: $51-52, $54.86 to $58.

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DPST ABC Bullish Pattern

$DPST (D) ABC Bullish Pattern Long Entry above 60.16, Stop below 55.97 (-4.19), Target1 Zone: 72.5 to 77.0, Target2 Zone: 89.9 to 99.3

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FITB Symm. Triangle Pattern

FITB (Daily) is trading in Symm. Triangle Pattern. Pattern breakout level is above $27.50, Targets: $29-31, $33

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GS Cup & Handle Pattern

$GS (W) is trading in Cup & Handle Pattern. Entry above breakout level: 255.15, Handle Low: 234.28, 45.84% below breakout level. T1: 283.3 to 290.9 T2: 313.0 to 328.9

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HSBC Symm. Triangle Pattern

HSBC (Daily) is trading in Symm. Triangle Pattern.

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JPM Cup & Handle Pattern

Reviewed in CPAT 09/25/17

$JPM (D) is trading in Cup & Handle Pattern. Entry above breakout level: 93.98, Handle Low: 88.03, 48.22% below breakout level. T1: 101.6 to 103.7 T2: 109.7 to 114.0

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KBE Inv. HS Pattern

$KBE (D) is trading in Inv. H&S Pattern. Long entry above 44.75, Stop below 44.01 (0.74), Target1 Zone: 47.9 to 48.8, Target2 Zone: 51.3 to 53.1

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KRE ABC Bullish Pattern

$KRE (D) ABC Bullish Pattern Long Entry above 55.20, Stop below 53.74 (-1.46), Target1 Zone: 59.1 to 60.6, Target2 Zone: 64.8 to 67.8

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MS ABC Bullish Pattern

Reviewed in CPAT 10/09/17

$MS (D) ABC Bullish Pattern Long Entry above 48.56, Stop below 47.41 (-1.15), Target1 Zone: 52.2 to 53.5, Target2 Zone: 57.2 to 59.9

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XLF ABC Bullish Pattern

$WFC (D) ABC Bullish Pattern Long Entry above 54.50, Stop below 53.20 (-1.30), Target1 Zone: 57.9 to 59.2, Target2 Zone: 62.8 to 65.5

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PNC ABC Bullish Pattern

$PNC (D) ABC Bullish Pattern Long Entry above 133.78, Stop below 130.45 (-3.33), Target1 Zone: 142.5 to 145.8, Target2 Zone: 155.2 to 162.0

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AMD Symmetric Triangle Pattern

AMD (Daily) is trading in Symmetric Triangle pattern. Breakdown level: $12.95. First target zone: $10.65 to $11.14, $10, $8-9.25.

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DAL ABC Bullish Pattern

DAL (D) ABC Bullish Pattern Long Entry above 49.38, Stop below 48.32 (-1.06), Target1 Zone: 54.2 to 55.8, Target2 Zone: 60.4 to 63.7

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UPS Cup & Handle Pattern

Reviewed in CPAT 10/09/17

$UPS (D) is trading in Cup & Handle Pattern. Entry above breakout level: 120.44, Handle Low: 111.25, 50.16% below breakout level. T1: 131.8 to 134.8 T2: 143.7 to 150.1

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MCD ABC Bullish Pattern

Reviewed in CPAT 12/04/17

$MCD (W) ABC Bullish Pattern Long Entry above 114.84, Stop below 110.32 (- 4.52), Target1 Zone: 137.8 to 145.3, Target2 Zone: 166.8 to 182.4, Target3 Zone: 211-226.

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GS Cup & Handle Pattern

Reviewed in CPAT 10/16/17

$GS (D) is trading in Cup & Handle Pattern. Entry above breakout level: 255.15, Handle Low: 245.08, 22.12% below breakout level. T1: 283.3 to 290.9 T2: 313.0 to 328.9

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AXGN Parabolic Arc Pattern

$AXGN (W) is trading in Parabolic Arc from 08/15/2014 (low: 2.11) to 12/01/2017 (high: 27.60). Parabolic Arc patterns are long-term patterns, but most of the upside parabolic patterns return to at least 50-62% of its prior rise in a correction mode.

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AAL ABC Bullish Pattern

$AAL (D) ABC Bullish Pattern Long Entry above 45.98, Stop below 45.26 (-0.72), Target1 Zone: 52.1 to 54.0, Target2 Zone: 59.4 to 63.3

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OSTK Parabolic Arc Pattern

$OSTK (D) is trading in Parabolic Arc from 06/02/2017 (low: 13.75) to 12/01/2017 (high: 65.70). Parabolic Arc patterns are long-term patterns, but most of the upside parabolic patterns return to at least 50-62% of its prior rise in a correction mode.

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AAL Symmetric Triangle Pattern

AAL (Daily) is trading in Symmetric Triangle Pattern.

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LULU Rectangle Channel

Reviewed in CPAT 10/16/17

LULU (Daily) is trading in Rectangle Channel. LULU broke out of rectangle channel above $64. Upper Targets: $67 to $70.

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PFE ABC Bullish Pattern

$PFE (W) ABC Bullish Pattern Long Entry above 31.34, Stop below 29.82 (-1.52), Target1 Zone: 35.5 to 37.0, Target2 Zone: 41.4 to 44.6

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ADI ABC Bullish Pattern

$ADI (W) ABC Bullish Pattern Long Entry above 52.84, Stop below 47.23 (-5.61), Target1 Zone: 63.6 to 68.0, Target2 Zone: 80.8 to 90.0

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KLAC Cup & Handle Pattern

Reviewed in CPAT 11/13/17

$KLAC (D) is trading in Cup & Handle Pattern. Entry above breakout level: 109.59, Handle Low: 98.86, 49.54% below breakout level. T1: 123.0 to 126.6 T2: 137.1 to 144.7

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AMTD Cup & Handle Pattern

Reviewed in CPAT 09/18/17

$AMTD (D) is trading in Cup & Handle Pattern. Entry above breakout level: 47.41, Handle Low: 41.83, 49.42% below breakout level. T1: 54.4 to 56.3 T2: 61.7 to 65.7

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AAPL ABC Bullish Pattern

Reviewed in CPAT 10/23/17

$AAPL (W) ABC Bullish Pattern Long Entry above 95.91, Stop below 89.46 (-6.45), Target1 Zone: 138.6 to 152.0, Target2 Zone: 190.5 to 218.3

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GILD Bear Flag Pattern

GILD (Daily) is trading in Bear Flag pattern.

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STX ABC Bullish Pattern

Reviewed in CPAT 10/09/17

$STX (W) ABC Bullish Pattern Long Entry above 33.17, Stop below 30.59 (-2.58), Target1 Zone: 50.7 to 56.2, Target2 Zone: 71.9 to 83.3

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OIL Symm. Triangle Pattern

OIL (Daily) is trading in Symmetric Triangle pattern. Symmetric Triangle breakout level: $5.05. Targets: $6-6.27, $6.60, $7-7.56.

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TSCO ABC Bullish Pattern

Reviewed in CPAT 11/20/17

$TSCO (D) ABC Bullish Pattern Long Entry above 56.74, Stop below 54.75 (-1.99), Target1 Zone: 63.2 to 65.5, Target2 Zone: 72.0 to 76.8

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$BRTI ABC Bullish Pattern

$BRTI (CME’s Bitcoin Real-Time Index) is trading in 5th Target zone (16229-17314).

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@AD AB=CD Bearish Pattern

Reviewed in CPAT 11/13/17

@AD (Daily) is trading in AB=CD Bearish pattern. AB=CD target zone: 0.7328 to 0.7496.

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@BP Symmetric Triangle Pattern

@BP is forming Symmetric Triangle. @BP is also trading in regression channel (reviewed in CPAT4 10/9/17).

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@CD Head and Shoulders Pattern

$@CD (D) is trading in H&S Pattern (F). Short entry below 0.78310, Stop above 0.78768 (-0.00457), Target1 Zone: 0.7545 to 0.7468, Target2 Zone: 0.7244 to 0.7083.

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@CL Cup & Handle Pattern

$@CL (D) is trading in Cup & Handle Pattern. Entry above breakout level: 59.59, Handle Low: 55.82, 23.26% below breakout level. T1: 69.6 to 72.3

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@CL Inv. H&S Pattern

Reviewed in CPAT 10/02/17

$@CL (D) is trading in Inv. H&S Pattern. Long entry above 51.55, Stop below 49.05 (2.50), Target1 Zone: 56.6 to 58.0, Target2 Zone: 61.9 to 64.8

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@DX ABC Bullish Pattern

Reviewed in CPAT 12/04/17

@DX (D) ABC Bullish Pattern Long Entry above 93.155, Stop below 92.425 (- 0.730), Target1 Zone: 95.09 to 95.81, Target2 Zone: 97.89 to 99.40

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@HG AB=CD Pattern

@HG is trading in AB=CD Bearish pattern

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@JY Inv. H&S Pattern

@JY (Daily) is trading in Inverse Head and Shoulders Pattern. Inv. H&S patterns are valid only when price breaks out above Neckline. @JY (D) is trading in Inv. H&S Pattern (F). Long entry above 0.89800, Stop below 0.89138 (0.00662), Target1 Zone: 0.9134 to 0.9176, Target2 Zone: 0.9297 to 0.9384

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AUDCAD Falling Wedge Pattern

AUDCAD (Daily) is trading in Falling Wedge pattern. Falling wedge patterns are traded when price closes above upper trendline as a breakout setup.

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CADJPY Cup & Handle Pattern

$CADJPY (D) is trading in Cup & Handle Pattern. Entry above breakout level: 88.914, Handle Low: 85.415, 41.92% below breakout level. T1: 94.07 to 95.47 T2: 99.51 to 102.43

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CHFJPY Desc. Triangle

CHFJPY (Daily) is trading in Descending Triangle. Descending Triangle patterns can be both breakout and breakdown patterns, depending where they are forming and its breakout/breakdown modes.

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EURCAD ABC Bullish Pattern

Reviewed in CPAT 10/30/17

$EURCAD (D) ABC Bullish Pattern Long Entry above 1.48107, Stop below 1.47378 (-0.00729), Target1 Zone: 1.5173 to 1.5291, Target2 Zone: 1.5631 to 1.5878

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EURGBP Head and Shoulders Pattern

$EURGBP (D) is trading in H&S Pattern. Short entry below 0.87458, Stop above 0.88891 (-0.01433), Target1 Zone: 0.8400 to 0.8306

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GBPAUD ABC Bullish Pattern

$GBPAUD (D) ABC Bullish Pattern Long Entry above 1.62651, Stop below 1.61605 (-0.01046), Target1 Zone: 1.7240 to 1.7534, Target2 Zone: 1.8380 to 1.8991

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GBPAUD Cup & Handle Pattern

$GBPAUD (D) is trading in Cup & Handle Pattern. Entry above breakout level: 1.76498, Handle Low: 1.68620, 52.90% below breakout level. T1: 1.8570 to 1.8820 T2: 1.9541 to 2.0062

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GBPNZD ABC Bullish Pattern

Reviewed in CPAT 11/13/17

$GBPNZD (D) ABC Bullish Pattern Long Entry above 1.76156, Stop below 1.73371 (-0.02785), Target1 Zone: 1.8653 to 1.9011, Target2 Zone: 2.0042 to 2.0788

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USDJPY ABC Bullish Pattern

$USDJPY (D) ABC Bullish Pattern Long Entry above 111.685, Stop below 110.835 (-0.850), Target1 Zone: 115.42 to 116.66, Target2 Zone: 120.25 to 122.85

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ES Fib. Zone Pivots

@ES Fib. Zone Pivots

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NQ Fib. Zone Pivots

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QM Fib. Zone Pivots

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GC Fib. Zone Pivots

@GC Fib. Zone Pivots

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YM Fib. Zone Pivots

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@ES Gap Chart

@ES Gap chart with filled and unfilled Gaps with at least 1 ATR Gap.

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@NQ Gap Chart

@NQ Gap chart with filled and unfilled Gaps with at least 1 ATR Gap.

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YM Gap Chart

@YM Gap chart with filled and unfilled Gaps with at least 1 ATR Gap.

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ADBE Parabolic Arc Pattern

Reviewed in CPAT 09/18/17

$ADBE (W) is trading in Parabolic Arc from 08/19/2011 (low: 22.67) to 12/01/2017 (high: 186.27). Parabolic Arc patterns are long-term patterns, but most of the upside parabolic patterns return to at least 50-62% of its prior rise in a correction mode.

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BLK AB=CD Pattern

BLK (Weekly, Earnings: 1/10/18) is trading in AB=CD pattern. AB=CD pattern completion is level: $497.

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C ABC Bullish Pattern

Reviewed in CPAT 10/09/17

$C (W) ABC Bullish Pattern Long Entry above 40.35, Stop below 34.51 (-5.84), Target1 Zone: 56.8 to 62.8, Target2 Zone: 80.3 to 92.9

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COST ABC Bullish Pattern

$COST (W) ABC Bullish Pattern Long Entry above 154.28, Stop below 149.99 (- 4.29), Target1 Zone: 179.4 to 187.4, Target2 Zone: 210.5 to 227.1

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MU ABC Bullish Pattern

Reviewed in CPAT 12/04/17

$MU (W) ABC Bullish Pattern Long Entry above 11.54, Stop below 9.30 (-2.24), Target1 Zone: 28.7 to 34.0, Target2 Zone: 49.2 to 60.2

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RHT ABC Bullish Pattern

Reviewed in CPAT 09/18/17

$RHT (W) ABC Bullish Pattern Long Entry above 75.07, Stop below 68.53 (-6.54), Target1 Zone: 82.3 to 86.0, Target2 Zone: 96.8 to 104.5

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Winners: Retail, Financials, Industrials

Losers: Healthcare, Energy, Utilities Dow 30 Weekly Relative Performance Select Sectors Weekly Performance Country ETFs Weekly Performance Commodity ETFs Weekly Performance Watch Lists Momentum Relative Strength Bullish/Bearish Lists NH/NL Oversold/Overbought Key Retracements Sector ETF %DWMY Relative Strength Ranks (200) RS Ranks Sorted (Alpha) Bullish/Bearish List 52 Week Highs and Lows D%, W%, M%, YTD%

Algorithmic Trading

Algo. Techniques

Algo. Reports

Current Algorithms

ALL RETURNS POSTED ON THIS PUBLICATION ARE HYPOTHETICAL PERFORMANCE GENERATED BY COMPUTERIZED SYSTEM AND THEY ARE NOT ACTUAL TRADE REPORTS. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. Confluence can be found in all forms of the markets Trading Confluence of -- Price Patterns, Moving Averages, Pivots, Support or Resistance levels, Trendlines and Fibonacci Chart Patterns levels. All these tools were meeting a single location to form a unified event, it is considered a by Suri Duddella point of confluence. Confluence trading is simply combining more than one trading technique or Chart patterns form purely as a result of knowledge chart pattern or analysis to increase trader odds of based bias work in the markets. The learned winning on a trade. behavior of traders to buy and sell above and below the key support and resistance levels or around critical price levels (highs, lows, pivots) creates price barriers in the form of trendlines or Patterns Confluence with Price Levels channels. These barriers become action/reaction First I present a basic example of how confluence lines and form geometric structures (Chart concept works with Patterns and price levels. Patterns). Successful pattern trading requires the knowledge of chart pattern formation, its I am a believer of the confluence of various price arrangement, and its market manipulation. The levels forming support and resistance zones. recognition of patterns and its body of knowledge Confluence zones from multiple pattern or trade of how to react and what to expect helps a trader’s setups act as key areas for price-action. Trading success. solely with these price levels may not be the best choice, but using these confluence zones with What is Confluence? pattern setups may result in profitable trades. Here I show how I anticipate these confluence price Technical Analysis is the study of behavioral zones and trade ABC chart pattern with the market patterns of various technical events. Confluence is context. when there is more than one technical analysis concept coming together at the same point in the The following chart shows S&P Emini (@ES) market. Traders find a setup which has multiple contract daily chart with ABC Bullish pattern and price concepts from various non-correlated Floor & Fib. Zone Pivots indicators. @ES formed an techniques or multiple price-patterns have found a ABC Bullish pattern from July to November of 2016 high probability trading opportunity and there is a with a long entry at 2088 and a stop at 2068. The high chance of the trade working out successfully. first target zone is 2198 to 2233 and the second Finding a confluence could eliminate noise from target zone is 2335 to 2408. A Floor & Fib. Zones validating signal. When multiple ideas or events pivots (Monthly) indicator is also plotted on the begin to unfold, traders look for confluence to same chart to find potential support and resistance have an edge before entering a trade. zones. A confluence target zone for ABC Bullish pattern targets and pivots target zones is formed from 2365 to 2394. @ES reached its confluence target zone 2388 in March 2017. where as eSIX indicator made higher-high levels signaling positive divergence and a potential reversal in its down- trend. From April to mid-May, TLT also formed an ABC Bullish pattern. The confluence of TLT's double bottom pattern (weekly) and ABC Bullish pattern with a strong ● positive divergence signaled a long trade opportunity. ABC trade entry was at $121.25 with a stop below $119.9 and targets are $125-$126.5 and $130-$133.

Patterns Confluence

The confluence of technical indicators or patterns is a great way to validate trends and enter trades with confidence. When similar chart patterns (continuous or reversal) forming in multiple time-frames at the same point, traders may have found high probability trading opportunities. Here I present current 20-Year Treasury ETF (TLT) chart in multiple time- frames and various chart patterns to show the significance The third chart shows TLT (Daily) and a confluence of 5- of confluence trading. Wave (bullish) pattern weekly double bottom pattern A Double Bottom pattern is formed in TLT weekly time- (bullish) and ABC bullish patterns. A bullish divergence from frame from June 2015 to April 2017 with a long entry at the bottom of the price and a 5-Wave pattern showing 119 and stop at 116. The first target range is $134-$139. higher-high and higher-low swings. 5-Wave patterns are Also, notice an embedded Dragon Bullish pattern inside similar to Elliott wave patterns with simple wave Double bottom pattern in January 2017. formations. A bullish price channel is drawn on the 5-Wave pattern to compute the target zones. The 5-Wave pattern target zone is set at the top of the trend-channel at $132- $134.

The second chart shows TLT daily chart along with a trend indicator eSIX. The trend indicator eSIX uses non-correlated components to derive the underlying trend. TLT made lower-low swing prices from January 2017 to April 2017, Plato Algo. Performance Report (12/08/17) Short/Medium Term, Not for Sale or Lease. Monty Algo. Performance (12/08/2017) Long Term, NOT for Lease or Sale Symbols Universe Symbol Universe of Stocks/ETFs Symbols Universe Books/Websites/Software

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