Watch These Triangle Patterns In Stocks And Crude Oil

Written by Jesse Colombo | Mar, 7, 2018
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Watch the triangles in oil and stocks

After the sharp early-February market correction in both U.S. equities and crude oil, traders and investors have been racking their brains trying to figure out what the next major market move will be – will it be another leg down or a return to the late-January highs? As a result of this back-and-forth debate, the major U.S. stock indices and crude oil have been tracing out triangle patterns, which are consolidation chart patterns that indicate another major move is likely ahead upon a breakout or breakdown from the pattern.


米国株式と原油市場の2月始めの急落後、トレーダーや投資家は次の大きな動きに頭を働かさなくなっているーーさらなる下落となるかそれとも1月遅くの高値にもどるか?堂々巡りの議論で、大手米国株式指数や原油価格は三角持ち合いを形成している、これは持ち合いパターンでこのパターンが崩れたときには大きなブレークアウトが起きやすい。



What makes these patterns particularly interesting is the fact that they’re occurring in both equities and crude oil, which are correlated with each other.


特に現在注目すべきは、このパターンが株式と原油双方に生じていることだ、これはどちらも相互作用している。


Here’s the triangle pattern in the Dow Jones Industrial Average:


DJIの三角持ち合いはこうだ:


Dow Daily ChartSource: Finviz.com

Here’s the triangle pattern in the SP500:


これはSP500の三角持ち合いだ:


SP500 Daily Chart

Source: Finviz.com

Here’s the triangle pattern in the Nasdaq 100:


これはNasdaq 100の三角持ち合い:


Nasdaq 100 Daily ChartSource: Finviz.com

Here’s the triangle pattern in West Texas Intermediate (WTI) crude oil futures:


これはWTI原油先物の三角持ち合い:

WTI Crude Oil Daily Chart

Source: Finviz.com

Here’s the triangle pattern in Brent crude oil futures:


ブレント原油の先物三角持ち合いはこうだ:

Brent Crude Oil Daily Chart

Source: Finviz.com

The ultimate direction that these triangle patterns break-out (either up or down) are likely to determine the next major market move. Ideally, the breakouts in stocks and crude oil should confirm each other, versus breaking out in different directions, which would increase the odds of failure of both breakouts. It is also worth noting that the “smart money” or commercial futures hedgers are very bearish on crude oil, which increases the probability of a breakdown (but confirmation is needed, either way). Stay tuned for future updates when a breakout eventually occurs.


これらの三角持ち合いが壊れたときの動向が次の大きな相場の動きとなる。理想的には、株式と原油のブレークアウトは独立現象のはずで、 一方ブレークアウトの方向が異なると両方のブレークアウトが不発になる可能性が増す。 注目すべきは、「smart money」もしくはcommercial futures hedgersは原油にとても弱気で、下落の可能性が高い(ただし確認が必要だ、どちらであれ)。やがておきるブレークアウトに注目だ。



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関連情報に関してはTwitterやFacebook Linkedinでフォローしてほしい。


Jesse Colombo