Splk was rolling a long until earnings then gapped down..
I see a bearish W in the pattern above..Ms are often bullish..Ws are often bearish. Looks like a bearish Gartley pattern. I did not measure it because it does not matter anymore..
Splk as sent a candle top in to the gap so is trying hard to get through it.
NV and OBV are high..the 5 has not crossed the 20 moving average as of et but is tilting that way. Some buy when the 5 crosses up and through the 20 and sell when the 5 crosses back through on it's way down. I use bollinger bands so I always have a 20 moving average on my chart.
Not a recommendation
I see a bearish W in the pattern above..Ms are often bullish..Ws are often bearish. Looks like a bearish Gartley pattern. I did not measure it because it does not matter anymore..
Splk as sent a candle top in to the gap so is trying hard to get through it.
NV and OBV are high..the 5 has not crossed the 20 moving average as of et but is tilting that way. Some buy when the 5 crosses up and through the 20 and sell when the 5 crosses back through on it's way down. I use bollinger bands so I always have a 20 moving average on my chart.
Not a recommendation