The daily OBV has broken out of a bottom formation, having overcome resistance at line f.
The relative performance completed its bottom formation in October as resistance at line d was overcome.
The RS line has completed its bottom formation by moving through resistance at line e.
The daily on-balance volume (OBV) confirmed the completion of the triangle formation, having overcome resistance at line d and still acting strong.
The relative performance has completed a bottom formation, having moved above key resistance (line f).
The daily OBV appears to have completed its bottom formation as it has moved through resistance at line e.
The daily relative performance is just completing its bottom formation as it has moved through resistance at line e.
The PowerShares QQQ Trust ( QQQ), which tracks the Nasdaq 100 Index, exceeded the upper resistance from the flag formation on Tuesday (line a), but then closed lower, which is a short-term negative.
To complete the formation, KBH needed to close above resistance at line c, and this occurred on October 11.
The relative performance, or RS analysis, completed its bottom formation in October when it moved through resistance at line a.
The chart shows that the resistance from the completed flag formation, lines b and c, in the 1020-1050 area, has been reached.
The weekly OBV did complete its bottom formation in April when it moved through major resistance at line c.
It has now rallied back to this resistance, and shows a potential top formation.
The relative performance completed its bottom formation (line d) in September, when resistance (line c) was overcome.
The daily OBV completed a base formation just before Thanksgiving as it broke through the resistance at line i.
The iShares MSCI Belgium ETF ( EWK) completed its flag formation on April 29 as it closed above the resistance, line c.
This formation interrupts a previous trend and reaches completion once the resistance (in a bull market) or support (in a bear market) is overcome.
On the breakout through resistance at line E, which completed the flag formation, volume was heavy (see point 4).
The volume has picked up over the past few days, although the OBV needs to move back above the resistance (line d) to complete a bottom formation.
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This formed the second point of resistance (line C), which completed the flag formation (lines C and D).
The upper boundary of the flag formation, line d, is at 2664 with the 61.8% Fibonacci retracement resistance at 2678.
To determine the price target from this formation, measure the height of the flagpole, which is defined as the distance from the breakout above resistance to the first high, which is labeled line 1.
The OBV broke through its major resistance, line g, by the end of the month after forming a bullish zig-zag formation (see circle).
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