That inverse head and shoulders setup on CRWD looks really clean. I like that you mentioned the tight stop around 471 because that right shoulder could easly morph into something bearish if momentum fails here. The timing is interesting too since we have a few weeks before the December 2 earnings, which gives the patern room to develop without the binary event risk hanging over it. One thing that stands out to me is how CRWD has been consolidating since that July incident, almost like the market needed time to decide if the damage was permanent or just a speed bump. If this thing breaks out to new highs, the measured move to 629 would be around a 25 percent gain from current levels, which seems reasonable given the volatilty this stock typically has. The key will be wether enterprise spending holds up and CRWD can prove they have actually fixed the systemic issues that caused the outage in the first place.
Really appreciate the detailed CRWD pattern analysis. The inverse head-and-shoulders setup is textbook, and you're right to point out that the right shoulder could morph into its own bearish consolidation if follow-through doesn't materialize. What I find compeling about this setup is the timing - having until Dec 2nd before earnings gives the pattern room to complete without near-term catalyst risk. The 471 stop level makes sense given that it would negate the pattern, but the reward-to-risk ratio toward 629 is quite attractive if the neckline break holds. I've noticed CRWD tends to move in sharp bursts rather than grinding higher, so when it does break out, it could reach that measured move target quickly. The volatility cuts both ways though - those violent swings make position sizing critical. Your point about watching for failure at current levels is key, because this stock doesn't tend to give second chances once momentum shifts.
Interesting inverse head-and-shoulders setup on CRWD. The 629 measured move target seems plausible given the technical structure, though I'd watch how it behaves around the 300 level first. What's particulary compelling is the timing - with earnings not until Dec 2nd, there's plenty of runway for this pattern to play out without near-term catalyst risk. The volatility you mentioned is worth noting though; this is not a position-sizing friendly name for many portfolios. Nice catch on the pattern formation.
With CRWD in the $540s, it sure seems like the pattern's complete...
Thanks for your feedback, Joe. So far, so good. Would like to see it continue to back and fill above the breakout zone now.
That inverse head and shoulders setup on CRWD looks really clean. I like that you mentioned the tight stop around 471 because that right shoulder could easly morph into something bearish if momentum fails here. The timing is interesting too since we have a few weeks before the December 2 earnings, which gives the patern room to develop without the binary event risk hanging over it. One thing that stands out to me is how CRWD has been consolidating since that July incident, almost like the market needed time to decide if the damage was permanent or just a speed bump. If this thing breaks out to new highs, the measured move to 629 would be around a 25 percent gain from current levels, which seems reasonable given the volatilty this stock typically has. The key will be wether enterprise spending holds up and CRWD can prove they have actually fixed the systemic issues that caused the outage in the first place.
Really appreciate the detailed CRWD pattern analysis. The inverse head-and-shoulders setup is textbook, and you're right to point out that the right shoulder could morph into its own bearish consolidation if follow-through doesn't materialize. What I find compeling about this setup is the timing - having until Dec 2nd before earnings gives the pattern room to complete without near-term catalyst risk. The 471 stop level makes sense given that it would negate the pattern, but the reward-to-risk ratio toward 629 is quite attractive if the neckline break holds. I've noticed CRWD tends to move in sharp bursts rather than grinding higher, so when it does break out, it could reach that measured move target quickly. The volatility cuts both ways though - those violent swings make position sizing critical. Your point about watching for failure at current levels is key, because this stock doesn't tend to give second chances once momentum shifts.
Interesting inverse head-and-shoulders setup on CRWD. The 629 measured move target seems plausible given the technical structure, though I'd watch how it behaves around the 300 level first. What's particulary compelling is the timing - with earnings not until Dec 2nd, there's plenty of runway for this pattern to play out without near-term catalyst risk. The volatility you mentioned is worth noting though; this is not a position-sizing friendly name for many portfolios. Nice catch on the pattern formation.
Appreciate the details
Very welcome. Thanks for your feedback. 👊
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Thanks a lot, Dr. U V.