Oct.
02, 2017
suriNotes.com’s
Chart Patterns & Algo. Trader A Weekly Magazine
●Stocks/Options/Futures
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●Daily/Weekly/Monthly Analysis
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Patterns/Analysis
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Analysis/Results
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2
Chart Patterns & Algorithmic Trader 2017 ALL RIGHTS RESERVED
No part of this document may be reproduced or transmitted without the express written consent of the
suriNotes.com or Suri Duddella.
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.
COPYRIGHT © 2017 – suriNotes.com
Data & Charts are created by TradeStation Software from TradeStation Securities.
Published in the United States of America
3
Disclaimer:
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.
4
Table of Contents
US Markets
Patterns Gallery
Key Levels:
Key Supp/Resistance/Pivots Charts
GAP Charts
Chart Patterns
Stocks/Futures/Commodities/FX
Earnings Next Week/Charts
Weekly/YTD Relative Performances
Hot WatchLists
Bullish/Bearish, Momentum, Relative Strength
ALGORITHMIC TRADER
Trading Inverse Head and Shoulders Patterns
Algorithmic Trades
EDUCATION
Symbols Universe
Books/Websites/Software
5
Major Markets
Patterns Gallery
6
Chart Patterns
Stocks/Options/Indexes
Chart Patterns & Algorithmic Trader (7)
CERN Cup & Handle Pattern
CERN is trading in Cup & Handle Pattern. Entry above breakout level: 69.28, Handle
Low: 61.48, 38.07% below breakout level. T1: 80.2 to 83.6, T2: 93.5 to 100.7
www.surinotes.com
Chart Patterns & Algorithmic Trader (8)
AMTD Cup & Handle Pattern
AMTD 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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Chart Patterns & Algorithmic Trader (9)
LVS Cup & Handle Pattern
LVS is trading in Cup & Handle Pattern. Entry above breakout level: 66.22, Handle
Low: 62.24, 56.37% below breakout level. T1: 70.6 to 71.8, T2: 75.2 to 77.7
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Chart Patterns & Algorithmic Trader (10)
DECK ABC Bullish Pattern
DECK (D) ABC Bullish Pattern Long Entry above 62.84, Stop below 61.36 (-1.48),
Target1 Zone: 71.4 to 74.1, Target2 Zone: 82.0 to 87.7
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Chart Patterns & Algorithmic Trader (11)
BBRY ABC Bullish Pattern
$BBRY (W) ABC Bullish Pattern Long Entry above 9.04, Stop below 8.46 (-0.58),
Target1 Zone: 11.6 to 12.5, Target2 Zone: 14.9 to 16.7
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Chart Patterns & Algorithmic Trader (12)
AMAT Ascending Triangle
AMAT is trading in Ascending Triangle. The top breakout level is at 47.80. Targets:
$53-55.
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Chart Patterns & Algorithmic Trader (13)
AAPL (W) Regression Channel
AAPL (W) is trading in regression channel as it reached its top of the range $164.90
on 9/1/17. AAPL also has negative divergence in eSix indicator and filled its gap at
$150.
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Chart Patterns & Algorithmic Trader (14)
TSLA 2B Top Pattern
TSLA is trading in 2B Top pattern from last week. 2B trade entry is below 371. First
target is previous pivot (331). Second target is $304.
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Chart Patterns & Algorithmic Trader (15)
TSLA (W) Inv. HS Pattern
TSLA (W) is trading in Inverse Head and Shoulders pattern.Neckline is 269.34. Stop
below 223.76 (45.57), Target1 Zone: 348.6 to 370.2, Target2 Zone: 432.3 to 477.2
Currently TSLA is trading in a consolidation pattern near first target zone.
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Chart Patterns & Algorithmic Trader (16)
INTC ABC Bullish Pattern
$INTC (D) ABC Bullish Pattern Long Entry above 35.12, Stop below 34.37 (-0.75),
Target1 Zone: 36.5 to 37.1, Target2 Zone: 38.8 to 40.0
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Chart Patterns & Algorithmic Trader (17)
CVX ABC Bullish Pattern
$CVX (D) ABC Bullish Pattern Long Entry above 107.25, Stop below 105.29 (-1.96),
Target1 Zone: 110.8 to 112.3, Target2 Zone: 116.6 to 119.7
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Chart Patterns & Algorithmic Trader (18)
FDX ABC Bullish Pattern
$FDX (D) ABC Bullish Pattern Long Entry above 206.82, Stop below 203.12 (-3.70),
Target1 Zone: 224.1 to 229.8, Target2 Zone: 246.3 to 258.2
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Chart Patterns & Algorithmic Trader (19)
MMYT Head and Shoulders Pattern
$MMYT (D) HS Pattern. Short entry below 30.60, Stop above 33.10 (-2.50), Target1
Zone: 24.2 to 22.5, Target2 Zone: 17.5 to 13.9
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Chart Patterns & Algorithmic Trader (20)
CBS Head and Shoulders Pattern
CBS is trading in Head and Shoulders pattern. Short entry is below Neckline $61.95.
First target zone is $55-57. Second target zone: $48.75 to $51.6.
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Chart Patterns & Algorithmic Trader (21)
AMGN Bull Flag pattern
AMGN pattern is trading in Bull Flag patten.
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Chart Patterns & Algorithmic Trader (22)
IBB Bull Flag Pattern
IBB is trading in Bull Flag pattern.
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Chart Patterns & Algorithmic Trader (23)
CMG Parabolic Arc Pattern
CMG (W) is trading in Parabolic pattern. CMG first target range is $191-311.
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Chart Patterns & Algorithmic Trader (24)
BWLD Parabolic Arc Pattern
BWLD is trading in Parabolic Arc pattern. BWLD first target range is $55-87.
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Chart Patterns & Algorithmic Trader (25)
ULTA Parabolic Arc Pattern
ULTA (W) is trading in Parabolic Arc pattern. First target is at 50% (161), 62%-79%
range is $73-124.5
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Chart Patterns & Algorithmic Trader (26)
COST Dragon (Bull) pattern
COST is trading in Dragon pattern. COST earnings are 10/5/17. First target range is
$170-175, $182.
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Chart Patterns & Algorithmic Trader (27)
GM (W) ABC Bullish Pattern
$GM (W) ABC Bullish Pattern Long Entry above 34.16, Stop below 31.91 (-2.25),
Target1 Zone: 38.8 to 40.7, Target2 Zone: 46.2 to 50.1
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Chart Patterns & Algorithmic Trader (28)
EFX Parabolic Arc Pattern
EFX is trading in Parabolic Arc pattern. Short entry is below $115 level. First target is
at $83, Second target zone: $47-67.
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Chart Patterns & Algorithmic Trader (29)
@NQ Rising Wedge Pattern
Nasdaq Emini Futures (@NQ.D) is trading in rising wedge pattern. Watch rising
wedge patterns lower trendline and key pivots for breakdown.
www.surinotes.com
30
Chart Patterns
Futures & Commodities
Chart Patterns & Algorithmic Trader (31)
@AD (Australian Dollar) ABC Bullish Pattern
@AD (Australian Dollar) completed its 2nd target zone in ABC Bullish pattern.
Currently it is forming a Negative divergence in Price/eSix.
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Chart Patterns & Algorithmic Trader (32)
@CD in ABC Bullish Pattern
$@CD (W) ABC Bullish Pattern Long Entry above 0.74433, Stop below 0.72685 (-
0.01748), Target1 Zone: 0.8020 to 0.8224, Target2 Zone: 0.8812 to 0.9237
www.surinotes.com
Chart Patterns & Algorithmic Trader (33)
@CL Inv. H&S Pattern
$@CL (D) Inv. HS Pattern. Long entry above 51.13, Stop below 48.63 (2.50), Target1
Zone: 56.2 to 57.6, Target2 Zone: 61.5 to 64.4
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Chart Patterns & Algorithmic Trader (34)
@GC (Gold) ABC Bullish Pattern
@GC (Gold Futures) is trading in ABC Bullish pattern. @GC is in pullback mode
after reaching its first target zone (1342-1397), Current trail stop is at 1257.
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Chart Patterns & Algorithmic Trader (35)
@JY Rectangle Channel Pattern
@JY is trading in Rectangle Channel pattern. Watch upper and lower boundaries for
potential breakout/breakdown trades.
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Chart Patterns & Algorithmic Trader (36)
@PL (Platinum Futures) Rectangle Channel
@PL is trading in rectangle channel pattern.
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Chart Patterns & Algorithmic Trader (37)
@QM ABC Bullish Pattern
$@QM (D) ABC Bullish Pattern Long Entry above 48.050, Stop below 46.125 (-
1.925), Target1 Zone: 51.22 to 52.60, Target2 Zone: 56.56 to 59.43
www.surinotes.com
Chart Patterns & Algorithmic Trader (38)
@SI (Silver Futures) Inv. HS pattern
@SI is forming Inv. H&S pattern. Price needs to close above Neckline: 17.896 for
pattern validation.
www.surinotes.com
39
Chart Patterns
FX
Chart Patterns & Algorithmic Trader (40)
AUDJPY C&H Pattern
AUDJPY is trading in Cup & Handle Pattern. Entry above breakout level: 88.171,
Handle Low: 85.396, 41.49% below breakout level. T1: 92.30 to 93.43, T2: 96.67 to
99.01
www.surinotes.com
Chart Patterns & Algorithmic Trader (41)
CHFJPY ABC Bullish Pattern
$CHFJPY (W) ABC Bullish Pattern Long Entry above 110.483, Stop below 107.675
(-2.808), Target1 Zone: 116.19 to 118.50, Target2 Zone: 125.17 to 129.99
www.surinotes.com
Chart Patterns & Algorithmic Trader (42)
EURJPY(W) ABC Bullish Pattern
$EURJPY (W) ABC Bullish Pattern Long Entry above 118.063, Stop below 114.843
(-3.220), Target1 Zone: 123.85 to 126.30, Target2 Zone: 133.35 to 138.45
www.surinotes.com
Chart Patterns & Algorithmic Trader (43)
GBPCAD Double Bottom Pattern
$GBPCAD (W) Double Bottom pattern Long Entry above 1.63029, Stop below
1.58356 (-0.04673), Target1 Zone: 1.7145 to 1.7500, Target2 Zone: 1.8525 to 1.9267
www.surinotes.com
Chart Patterns & Algorithmic Trader (44)
GBPUSD Symm. Triangle Pattern
GBPUSD in Symmetric Triangle pattern.
www.surinotes.com
45
Key
Support/Resistance,
Pivots
Chart Patterns & Algorithmic Trader (46)
ES Fib. Zone Pivots
@ES Fib. Zone Pivots
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Chart Patterns & Algorithmic Trader (47)
NQ Fib. Zone Pivots
NQ Fib. Zone Pivots
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Chart Patterns & Algorithmic Trader (48)
YM Fib. Zone Pivots
YM Fib. Zone Pivots
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Chart Patterns & Algorithmic Trader (49)
QM Fib. Zone Pivots
QM Fib. Zone Pivots
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Chart Patterns & Algorithmic Trader (50)
@GC Fib. Zone Pivots
@GC Fib. Zone Pivots
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51
GAP Charts
Shows filled and unfilled gap levels
Chart Patterns & Algorithmic Trader (52)
@ES Gap Chart
@ES Gap chart with filled and unfilled Gaps with at least 1 ATR Gap.
www.surinotes.com
Chart Patterns & Algorithmic Trader (53)
@NQ Gap Chart
@NQ Gap chart with filled and unfilled Gaps with at least 1 ATR Gap.
www.surinotes.com
Chart Patterns & Algorithmic Trader (54)
@YM Gap Chart
@YM Gap chart with filled and unfilled Gaps with at least 1 ATR Gap.
www.surinotes.com
Chart Patterns & Algorithmic Trader (55)
AAPL Gap Chart
AAPL Gap Chart shows the upside gap from 8/2/17 is closed at lower gap level
$150.05.
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57
Earnings
Companies releasing earnings in the next few weeks.
October Earnings Calendar
58
November Earnings Calendar
59
Chart Patterns & Algorithmic Trader (60)
COST Rectangle Channel Pattern
COST (Daily) has rectangle channel pattern. COST also has Double Bottom pattern
(Dragon?). Watch upper/lower trendlines for potential trade setups.
www.surinotes.com
Chart Patterns & Algorithmic Trader (61)
COST Double Bottom Pattern
COST earnings 10/5/17. COST may be trading in Dragon pattern (a variation of
Double Bottom pattern).
www.surinotes.com
Chart Patterns & Algorithmic Trader (62)
Citigroup in Dragon pattern
Citigroup (W) earnings: 10/12/17. Citigroup is trading in Dragon (Bullish) pattern for
the past 2 years as it reached its second target zone (71-81).
www.surinotes.com
Chart Patterns & Algorithmic Trader (63)
JPM Cup & Handle Pattern
JPM (Earnings: 10/12/17) 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
www.surinotes.com
64
Weekly Relative Performances
65
Sector & Indexes Relative Performances
Winners: Home Builders, Retail, Energy
Losers: Utilities, Airlines, GoldSilver
66
Dow 30 Weekly Relative Performance
67
Select Sectors Weekly Performance
Country ETFs Weekly Performance
Commodity ETFs Weekly Performance
Futures Weekly Performance
FX Weekly Performance
72
Watch Lists
Momentum
Relative Strength
Bullish/Bearish Lists
NH/NL
Oversold/Overbought
Key Retracements
73
Relative Strength Ranks (200)
74
RS Ranks Sorted (Alpha)
75
Bullish/Bearish List
76
52 Week Highs and Lows
77
D%, W%, M%, YTD%
78
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.
79
Trading Inverse Head and
Volume: Volume plays a significant role in pattern
structure and its validity of trading rules. Price
breakouts from neckline must be supported by
Shoulders Patterns expanded volume for a valid short entry. Volume
build up in the left shoulder is usually higher than
the volume in right-shoulder. During the head
by Suri Duddella formation (bottom), the volume in the first half of
the head may be higher than volume in the second-
half. An increased volume above neckline for a
One of the most popular chart patterns in market
breakout signifies completion of the pattern.
analysis is "Head and Shoulders" (H&S) pattern.
The H&S patterns form near market tops in an Success/Failure Ratios: Inv. Head and Shoulders
established sideways to up trending or bullish (SF Ratio: 0.682) have higher success/failure ratio
markets. The H&S patterns are reversal patterns as than Head and Shoulders pattern (0.59).
they reverse its prior uptrend and follow a bearish
or downtrend from its breakdown. These patterns
are signified by three successive peaks (tops)
resembling two shoulders on both sides and a head
in the middle. The head is the largest of the three
peaks. An Inverse Head and Shoulders (Inv. H&S)
pattern is the head and shoulders pattern upside
down (mirror image) and follow similar structure
and trading rules (in reverse) as H&S pattern. The
Inv. H&S patterns are also reversal patterns and
form in established downtrends.
Inverse H&S Pattern
Trading Inverse Head &
Components
Shoulders Pattern
Head & Shoulders: The 'head' and 'shoulders' in
Inv. H&S patterns are formed by three successive Entry: After right-shoulder formation and pattern
troughs (bottoms) opposed to peaks (tops) in H&S completion, if price closes above the neckline with
patterns. The middle trough (head) is the deepest in increased volume, enter a long trade above the
the pattern. The ratio of the height of the head to breakout bar's high.
the largest of shoulders height and should be less
than 0.78. The size of the head is measured as the Stops: 1. Place a stop below the middle of neckline
vertical distance from the neckline to the trough of and right-shoulder 2. Place a final stop below the
the head. low of the right-shoulder.
Targets: Targets are projected from the neckline
level. Measure the height of the head and use
Neckline: The neckline is formed by connecting Fibonacci ratios to compute targets. The first target
the highs of shoulders and the high of the head in range is 62-79% of the height of the head and
the Inv. H&S pattern. These are reaction highs second target range is 127-162% above neckline.
formed to define the pattern structure. The neckline
can have up, down or horizontal slopes. Upward
slopes tend to be more bullish than downward
slopes. In my experience, the patterns with
horizontal necklines produce better results.
Example Trade Description Current Inv. HS Examples
The following chart shows the Inverse Head and
Shoulders pattern formation and its trade in Social
Media ETF (SOCL) from November 2015 to April
2016 . Here are some of the key points and how it is
traded.
● SOCL was trading in a significant downtrend
since December 2015.
● Volume build-up was heavy in the left shoulder
and left half of the head.
● Inverse H&S pattern completed with fully formed
right-shoulder.
● Breakout above neckline $18.18 with increased
volume for long entry 1: 18.40 (4/8/16)
● Stop placed below the right-shoulder's low $17.25
● Target zones: $19.81-20.25, $21.53-22.44,
$24.18-25.07. Head Height: $2.63
● Target zone 1 ($19.81-20.25) was reached on
5/31/16
● Target zone 2 ($21.52-22.44) was reached on
7/11/16.
● Expecting a pullback before continuing its target
towards Target zone 3.
● Notice while building the right-shoulder, volume
was light compared to the left-shoulder.
.
Chart Patterns & Algorithmic Trader (81)
COH Inv. H&S Pattern
COH Inverse Head and Shoulders Pattern. COH Neckline: $43.71, Stop: $39.5,
Targets: $50, $53-56. COH traded at $48.85 in July’17 and retraced back below the
neckline.
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Chart Patterns & Algorithmic Trader (82)
FXI Inv. H&S Pattern
FXI traded in Inv. HS pattern in April 2017 with a neckline at $39.17 and Stop below
$36 and Targets: $43, $46-$48. In October 2017, FXI is trading at a high of $45.
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Chart Patterns & Algorithmic Trader (83)
PIN Inv. H&S Pattern
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Chart Patterns & Algorithmic Trader (84)
FSLR Inv. HS Pattern
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85
Plato Algo. Performance Report (9/29/17)
Not for Sale or Lease.
Monty Algo. Performance (Sept. 29, 2017)
Long Term, NOT for Lease or Sale
86
87
Symbols Universe
88
Symbols Universe
Books/Websites/Software
90
300 + pages (8.5 “ x 11”)
65 Chart Patterns with
Entries/Exits and Stops
225 + Illustrated Charts with
Trade Info.
Available at www.suriNotes.com
Poster 24” x 36” (100 lb. Gloss Paper)
30 illustrated patterns with Entries, Stops and Targets
Pattern Conditions & Trading Rules
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