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PatternswithinPatterns

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Chart Patterns & Algorithmic Trader 2017 ALL RIGHTS RESERVED

No part of this document may be reproduced or transmitted without the express written consent of thesuriNotes.com or Suri Duddella.

This document relies on sources and information reasonably believed to be accurate, but neither the author norpublisher 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 OFWHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNTWILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT,THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCERESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULARTRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTSIS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICALTRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK INACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TOA PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTSWHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUSOTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OFANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THEPREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CANADVERSELY 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

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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 thisdocument 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 orSuri Duddella, specifically disclaims any and all express and impliedwarranties. Your trades may entail substantial loss. Nothing in this documentshould be construed as a recommendation to buy or sell any security or otherinstrument, or a determination that any trade is suitable for you.

Chart Patterns and other material in this document are Auto generated in TradeStationsoftware and we try our best to check for errors and data consistency, but they may stillconsist of data or algorithmic errors.

Disclaimer:

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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 Patterns within Patterns

Algorithmic Trades

EDUCATION

Symbols Universe

Books/Websites/Software

Table of Contents

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Major Markets

Patterns Gallery

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Major

Inde

xes %

Chg Y

TD

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Chart PatternsStocks/Options/Indexes

Chart Patterns & Algorithmic Trader (8)

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@NQ is trading in Rising Wedge pattern. Wedge patterns are only valid when pricecloses below last pivot in opposite direction. Current last pivot is 5842. Until pricecloses below 5842, @NQ is trading in strong uptrend.

@NQ Rising Wedge Pattern


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AMTD (Daily) chart is trading in Cup & Handle pattern. AMTD earnings: 10/24/17.Breakout level: $47.41, target levels: $51.70, $54-$56, $58.7.

AMTD Cup & Handle Pattern


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NFLX is trading in Cup & Handle Pattern. Entry above breakout level: 194.49,Handle Low: 184.44, 36.85% below breakout level. T1: 208.4 to 212.9 and T2: 226.1to 235.7

NFLX Cup & Handle Pattern


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$LLY (D) Inv. HS Pattern. Long entry above 83.24, Stop below 80.04 (3.20), Target1Zone: 95.0 to 98.2, Target2 Zone: 107.4 to 114.1

LLY Inv. HS Pattern


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UPS is trading in Cup & Handle Pattern. Entry above breakout level: 120.80, HandleLow: 116.47, 23.64% below breakout level. T1: 131.8 to 134.8, T2: 143.7 to 150.1

UPS Cup & Handle Pattern


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WDC (Daily) chart is developing Diamond top pattern. Diamond patterns are rare butquite reliable. A close below lower trend line signals breakdown.

WDC Diamond Top Pattern


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FSLR is trading in bullish Shark pattern since April’17. Entry is above $27.51, Targetzones: $33-35, $42-46, $54.5 to $59.5.

FSLR Bullish Shark Pattern


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MO Daily chart is trading in Bearish Shark since July ‘17. Pattern completed at a highof $77.80. Entry for a Short trade is below $76. Target zones: $71.5-72, $65-$67.5, $57-$59.5.

MO Bearish Shark Pattern


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KRE (Regional Banks ETF) is breaking out of Bull Flag pattern.

KRE Bullish Flag


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MAT (Weekly) chart is trading in AB=CD pattern. MAT completed 72% retracementof AB swing to form CD leg. After completion of AB=CD pattern, prices reverses andtrades in BC direction.

MAT AB=CD Pattern


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PEP (Daily) chart shows bearish Dragon pattern. Currently prices reached its firsttarget zone (103-107).

PEP Dragon (Bear) Pattern


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BIIB is trading in Bull Flag pattern. Current price is trading above the upper trendlineof bull flag. Target range is $355-$360. Current trail stop: $320.

BIIB Bull Flag Pattern


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AMGN is trading in a Bull Flag pattern. AMGN is still trading within the patternrange and a close above flag high $190 will signify a breakout.

AMGN Bull Flag Pattern


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AMAT is trading in Ascending Triangle pattern. Breakout is above $48. Targets:$54.5-$56.

AMAT Ascending Triangle Pattern


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SWKS is trading in Cup & Handle Pattern. Entry above breakout level: 112.88,Handle Low: 94.30, 31.83% below breakout level. T1: 149.0 to 158.8, T2: 187.0 to207.5

SWKS Cup & Handle Pattern

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Chart PatternsFutures & Commodities


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@GC (Stars: 2/5) Daily chart is in ABC Bullish pattern. ESIX is in red and ABC isstill forming. Current entry is above 1285.1 with a Stop at 1268.5.

@GC ABC Bullish Pattern


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$@OJ (D) ABC Bullish Pattern Long Entry above 149.84, Stop below 141.45 (-8.39),Target1 Zone: 163.6 to 169.6, Target2 Zone: 186.8 to 199.3

@OJ ABC Bullish Pattern


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@SI Inv. HS Pattern

$@SI (D) Inv. HS Pattern (F). Long entry above 17.896, Stop below 17.226 (0.671),Target1 Zone: 19.54 to 19.99, Target2 Zone: 21.28 to 22.21


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$@SI (D) ABC Bullish Pattern Long Entry above 16.925, Stop below 16.550 (-0.375),Target1 Zone: 18.44 to 18.96, Target2 Zone: 20.44 to 21.51

@SI ABC Bullish Pattern


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@AD (D) is trading in bearish Dragon pattern. Trade below Hump level (0.83), firsttarget zone 0.7528 to 0.7654.

@AD Dragon (Bear) Pattern


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@CD (W) is trading in Bullish Dragon pattern. Trade long above 0.8086.

@CD Dragon (Bullish) Pattern


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@JY Rectangle Channel


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@BP is trading in regression channel and current price is near mid channel. Currenttrend is up and a close above the upper trendline will signal a breakout.

@BP Regression Channel


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$@CL (D) Inv. HS Pattern. Long entry above 51.13, Stop below 48.63 (2.50), Target1Zone: 56.2 to 57.6, Target2 Zone: 61.5 to 64.4

@CL Inv. HS Pattern

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Chart PatternsFX


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$EURGBP (D) ABC Bullish Pattern Long Entry above 0.87993, Stop below 0.87457(-0.00536), Target1 Zone: 0.9361 to 0.9528, Target2 Zone: 1.0009 to 1.0358

EURGBP ABC Bullish Pattern


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AUDJPY (D) is trading in Cup & Handle pattern. Breakout level is 88.171.

AUDJPY C&H Pattern


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$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

CHFJPY ABC Bullish Pattern


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$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

EURJPY(W) ABC Bullish Pattern


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$AUDNZD (D) Inv. HS Pattern. Long entry above 1.08441, Stop below 1.07167(0.01274), Target1 Zone: 1.1141 to 1.1222, Target2 Zone: 1.1455 to 1.1623

AUDNZD Inv. HS Pattern

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KeySupport/Resistance,

Pivots


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@ES Fib. Zone Pivots

ES Fib. Zone Pivots


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NQ Fib. Zone Pivots

NQ Fib. Zone Pivots


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YM Fib. Zone Pivots

YM Fib. Zone Pivots


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QM Fib. Zone Pivots

QM Fib. Zone Pivots


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@GC Fib. Zone Pivots

@GC Fib. Zone Pivots

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GAP ChartsShows filled and unfilled gap levels


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@ES Gap chart with filled and unfilled Gaps with at least 1 ATR Gap.

@ES Gap Chart


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@NQ Gap chart with filled and unfilled Gaps with at least 1 ATR Gap.

@NQ Gap Chart


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@YM Gap chart with filled and unfilled Gaps with at least 1 ATR Gap.

@YM Gap Chart


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AAPL Gap Chart shows the upside gap from 8/2/17 is closed at lower gap level$150.05.

AAPL Gap Chart

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EarningsCompanies releasing earnings in the next few weeks.

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Octo

ber E

arnin

gs C

alend

ar

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Nove

mber

Ear

nings

Cale

ndar


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Citi (W) is trading in ABC Bullish pattern. Citi is also trading in ABC Bullishpattern’s 3rd target zone. Earnings: 10/12/2017.

Citi in ABC Bullish Pattern


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JPM Earnings 10/12/2017. JPM is trading in both Asc. Triangle patterns and Cup &Handle patterns. JPM breakout level (in both patterns) is $93.98, first target range is$101 to $103.

JPM C&H and Asc. Triangle Patterns


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WFC Earnings 10/13/17. WFC is rising after completion of AB=CD pattern. Firsttarget zone is $59-62.

WFC AB=CD Pattern


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NFLX (Earnings 10/18) is trading in Cup & Handle Pattern. Entry above breakoutlevel: 191.50, Handle Low: 176.50, 55.01% below breakout level. T1: 208.4 to 212.9,T2: 226.1 to 235.7

NFLX Cup & Handle Pattern


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$GS (Earnings 10/17/17) Inv. HS Pattern. Long entry above 229.36, Stop below222.00 (7.36), Target1 Zone: 241.6 to 244.9, Target2 Zone: 254.4 to 261.3

GS Inv. HS Pattern


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MS (Weekly) Earnings 10/17, trading in ABC Bullish pattern. Entry above $24.80,Tagets1 zone: $39-43.75, Target2 zone: $57.75 to $67.75

MS ABC Bullish Pattern


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ABT Earnings: 10/18, trading in rectangle channel. Breakout level: $44.58. Target1zone: $48-51, $55-59.

ABT Rectangle Channel


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AXP Earnings: 10/18, trading in Symm. Triangle pattern. Triangle breakout level:$80.79, Target1 zone: $84.80-85.89, Target2 Zone: $89-91.03, Target3 zone: $95.5 to$97.75.

AXP Symm. Triangle Pattern


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Mattel (MAT, 10/18) is trading in AB=CD pattern. MAT is nearing its key 1st targetzone ($12-$17).

MAT AB=CD Pattern


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STX Earnings 10/18. STX (Weekly) chart with 0/5 stars is trading in ABC Bullishpattern. No confirmation from eSIX.

STX ABC Bullish Pattern


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$ETFC (Earnings 10/19) Inv. HS Pattern. Long entry above 28.14, Stop below 24.83(3.31), Target1 Zone: 33.4 to 34.8, Target2 Zone: 39.0 to 42.0, Target3 zone: $47.50-$50.5

ETFC Inv. HS Pattern


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SAP Earnings: 10/19/17. Symm. Triangle pattern breakout: $107.55, first target zone:$111-113, Second Target zone: $116-119.

SAP Symm. Triangle pattern

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Weekly Relative Performances

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Sector & Indexes Relative PerformancesWinners: Materials, Financials, Airlines

Losers: Retail, Energy, Oil

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Dow 30 Weekly Relative Performance

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Select Sectors Weekly Performance

Country ETFs Weekly Performance

Commodity ETFs Weekly Performance

Futures Weekly Performance

FX Weekly Performance

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Watch ListsMomentum

Relative Strength

Bullish/Bearish Lists

NH/NL

Oversold/Overbought

Key Retracements

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Relative Strength Ranks (200)

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RS Ranks Sorted (Alpha)

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Bullish/Bearish List

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52 Week Highs and Lows

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D%, W%, M%, YTD%

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Algorithmic TradingAlgo. Techniques

Algo. Reports

Current Algorithms

ALL RETURNS POSTED ON THIS PUBLICATION ARE HYPOTHETICAL PERFORMANCE GENERATED BYCOMPUTERIZED SYSTEM AND THEY ARE NOT ACTUAL TRADE REPORTS. HYPOTHETICAL PERFORMANCERESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATIONIS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSESHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCERESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONEOF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPAREDWITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIALRISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIALRISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULARTRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELYAFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS INGENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLYACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CANADVERSELY AFFECT ACTUAL TRADING RESULTS.

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Patterns within Patternsby Suri DuddellaSuccessful pattern trading requires the knowledgeof pattern formation, its arrangement, and itsmarket manipulation. Pattern manipulation isachieved when pattern recognition becomes a reflexaction for the traders. When a trader isknowledgeable about patterns, it is difficult not tosee patterns within other patterns (embeddedpatterns). The recognition of patterns withinpatterns and its body of knowledge of how to reactand what to expect helps a trader’s success. Tradersbenefit by using smaller patterns support andresistance levels as entry and stop levels to tradelarger patterns. Examples of embedded patternsinclude a series of bullish and bearish triangles in asymmetric triangle or bear flag setups in rectanglechannels. When a pattern dimension is large and therisk implied by its trading range may also be large.Traders should then look for smaller congestionpatterns inside the large pattern near key supportand resistance levels to reduce the risk and providean early entry opportunity into a position. Multiplepatterns inside a large pattern cause to change itstrading behavior, price targets, and time-frames.

Embedded Chart Patterns1. ABC Bullish Pattern with Rectangle Channel

This pattern shows trading ABC bullish pattern andrectangle channel price levels as trail stops. Also,the breakout of rectangle channel's upper trendlinesignals continuation of ABC bullish pattern trade.

2. Inverse Head & Shoulders Pattern withembedded ABC Bullish Pattern.

Inverse Head and Shoulders patterns are traded(from long side) only when price closes aboveneckline. Most Inverse Head and Shoulders patternsalso have an embedded ABC Bullish pattern. Thesepatterns can be traded first as ABC Bullish pattern(ABC entry is much lower than Neckline). Theconfluence of multiple bullish patterns usually addsadditional confidence in the pattern trading.

3. Bullish Gartley Pattern with Bearish ABCPattern.

Bullish Gartley patterns are 5-point harmonicpatterns have an embedded ABC Bearish pattern.Gartley patterns can be traded using the confluencelevels of ABC Bearish pattern (target levels) couplewith Gartley pattern retracement levels (at D).

Example of Patterns within Patterns

The following example shows current GoldmanSachs (GS) daily chart with a Dragon pattern. (See"How to trade your Dragon" article inModernTrader magazine, Jan. 2017). GoldmanSachs completed a completed a double bottompattern In July 2016. GS price started to rise from alow of $138.20 to a high of $252 (82% upside) in aDragon pattern. Using Dragon pattern trading rules,a long trade entry was entered in late September2016 above hump level ($169) with first targetrange at $187-$200 and second target range at $239to $267. Current GS chart (as of Feb. 25, 2017)shows price reached its first target zone inNovember 2016 followed by its second target rangein December 2016. Since Dec. 2016, GS price isconsolidating and it is currently forming a smallerMegaphone pattern (See "Trading MegaphonePatterns" article in Modern Trader Feb. 2017), inthe second target zone. It is not uncommon forprices to consolidate and test some key supportranges in large patterns, especially after a steep riseof 82% in price from July 2016.

Example Trade DescriptionTrading GS Dragon pattern & Megaphone patterns

The GS Dragon pattern already provided greatreturns as it rose from an entry of $169 to $252.Currently, GS is consolidating in a smallerMegaphone pattern. Megaphone patterns usuallyprovide two trading opportunities. It may beexpected GS to consolidate at current levels inMegaphone pattern or may continue its bullishDragon pattern trend to the upside.

Trading the Megaphone reversal pattern.

When prices reach the last swing point and fail tocontinue higher (as a breakout), Megaphone patternmay be presenting an opportunity to short on itsreversal. Once price starts to decline from the lastswing point, enter a short trade as prices may test thelower trendline.

If GS price fails to break above the upper trend line,it may be presenting a smaller opportunity within theMegaphone pattern. Enter a short trade below $247with a stop at $253 (upper trendline breakout level).Targets are placed at $236 (mid Megaphone level)and $220-225 (lower trendline levels).

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GS Completed MegaPhone pattern as it traded atlower-trendline in March-June 2017.

Current Examples

The following example shows SAP daily chartwith Symm. Triangle pattern with embeddedABC Bullish pattern.

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Plato Algo. Performance Report (10/06/17)Not for Sale or Lease.

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Monty Algo. Performance (10/6/2017)Long Term, NOT for Lease or Sale

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Symbols Universe

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Symbols Universe

Books/Websites/Software

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suriNotes.com’s Chart Patterns & Algo. Trader · Algorithmic Trading Analysis/Results Advanced Trading Ideas Relative Strength Ranks Patterns within Patterns. 2 Chart Patterns &