Empiece
RizeSenpai

Royal Bank of Canada: Bearish Diamond Anticipation

Corto
Royal Bank Of Canada (NYSE:RY)  
RizeSenpai  
NYSE:RY   Royal Bank Of Canada
Trend Analysis Chart Patterns Wave Analysis banks reits insurance diamond diamondtop canada candiandollar canadianbanks
4
0
trendanalysis chartpattern waveanalysis banks reits insurance diamond diamondtop canada candiandollar canadianbanks
Royal Bank of Canada has confirmed a Diamond Top pattern on the weekly, along with a breaking of the Moving Average. Upon breaking down, I think it will start a move down all the way to the 88.6% Retrace, likely near $46. Since the Diamond is a Neutral pattern and we have not gotten an official breakdown yet, I will still be on the lookout for a breakout in the other direction, but I'm primarily positioned bearishly in puts.

Ideas relacionadas

RizeSenpai
Bank of America is Shaping Up to Be Just Like PacWest
RizeSenpai
Wells Fargo: Diamond Top Bearish Breakdown
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.