Bloom Energy: The Broadening Pattern We Flagged Weeks Ago
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L'entrée est le cours de clôture de l'actif à la date de publication. Le cours actuel est la dernière clôture enregistrée.
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Entrée $214,91 17 juil 2026Actuel $186,48 09 sept 2026Résultat +$28,43vs. indice +10,7% SPY +2,6% sur la même période
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Contexte de la transcription source
…f you just saw this as is, you say this is super bullish. The overall bias is positive, but you're in a larger broadening pattern technically. So, that is more of a concern. And then when you see that bar right there, that says good night. This is not bullish anymore and this is now a short. And how do you monitor? You monitor it You can use fibs. You You can use your EMAs. Either way to monitor that trade. This did nothing wrong to violate. It was range down, lower high, and then tight consolidation triangle pattern. Triangle…
This is not bullish anymore and this is now a short.
Contexte extrait par IA "when you see that bar right there, that says good night. This is not bullish anymore and this is now a short."
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Entrée $214,91 17 juil 2026Actuel $186,48 09 sept 2026Résultat +$28,43vs. indice +10,7% SPY +2,6% sur la même période
Citer cette recommandation Voir la vidéo source * †
Contexte de la transcription source
…ve that volume has had. We also have earnings here over the next couple of weeks here. So, these are things just to be aware of, but a test of of that 61.8 says "Okay. Let's see how it acts around there." Post earnings, if this stays down, I'm going to be looking for another short uh lower in bloom. As the bloom is off the rose. Sorry, I just had to say that. 58 bars.
I'm going to be looking for another short uh lower in bloom.
Contexte extrait par IA "Post earnings, if this stays down, I'm going to be looking for another short uh lower in bloom."
Transcription Complète
We highlighted this in office hours a few weeks ago. We highlighted the broadening. You can go back and look. I don't I don't remember when we did it, but we highlighted it in office hours, the broadening that was happening. Critical. We just saw it in GNRC last week too. Understanding broadening and where broadening patterns happen. They can happen at highs. So, we got into the rising phase. You can see it. I mean, even before this move, you could see that broadening is about as obvious as you're ever going to see. Turned up, and now the RS has now held down. We're at a 61.8 fib. We're at about the halfway point of the cycle. It's reasonable to get a little bit of a bounce here, and I'll show you why. 928 to 119 is when that low is due. Short-term. This was the broadening that we were looking at. With this is how much data we had at that point. You can draw a perfect trend lines along the highs and lows. And why do broadening patterns help? It keeps you from getting overly bullish or overly bearish at the wrong time. Widening highs and widening lows are some of the most challenging setups to deal with. If you don't frame it properly. If you're framing it properly, all of a sudden, look at look at the information that this is giving you. Stalling at resistance at the top of the broadening. What does it mean? You fail at one end, you could rotate to the bottom end. And how do you monitor that setup? Again, does this fit in in line with everybody? No, it doesn't have to, but just understanding the overall context will keep you out of trouble, because if you just saw this as is, you say this is super bullish. The overall bias is positive, but you're in a larger broadening pattern technically. So, that is more of a concern. And then when you see that bar right there, that says good night. This is not bullish anymore and this is now a short. And how do you monitor? You monitor it You can use fibs. You You can use your EMAs. Either way to monitor that trade. This did nothing wrong to violate. It was range down, lower high, and then tight consolidation triangle pattern. Triangle patterns are critical, too. Look You can see the triangle getting tight. Visualize that move down, tight pattern, and lower. Drawn on a trend line. I'm showing you things to change your eyes. Change the Change how you look at a chart, because how you look at a chart matters so much. Appearance. Make it wide. Broadening. And now the way I look at you know, trading, an excess high or a high that formed, re-entry into range, and then possible rotation, which is what ended up happening. So again we all have We all come into trading with our own set of experiences. Uh I'm just sharing that's how I like to put structure around my trading. It's really based on understanding the auction, understanding the end of an auction, and how an auction shifts, when that auction changes, you know, how to then trade that turn, right? And now we've clearly turned our way down. We're at the lower end of that broadening pattern. Again, doesn't mean it's an auto long. Of course not. This is more bearish than anything else at this point, especially given the move that volume has had. We also have earnings here over the next couple of weeks here. So, these are things just to be aware of, but a test of of that 61.8 says "Okay. Let's see how it acts around there." Post earnings, if this stays down, I'm going to be looking for another short uh lower in bloom. As the bloom is off the rose. Sorry, I just had to say that. 58 bars.
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