In this analysis, I'll be providing an in-depth analysis on LendingTree, as well as an explanation on megaphone patterns and its bullish upside.
What is LendingTree Inc.?
Lendingtree (TREE) is a company that offers a platform for borrowers and multiple lenders, offering the opportunity for its users to find the best possible deal on their loans.
This is how I use pitchforks and I hope it is an inspiration for you too. I like trading channels and the pitchfork is a great way to identify them early on and to confirm these channels. It is not always straightforward to find the right points (1-2-3, see below), but I think the pitchfork is quite powerful and for me a handy tool in addition to other indicators...
The Double Top or Bottom Chart Pattern is a reversal pattern as its name implies, the pattern is made up of two consecutive peaks or troughs that are roughly equal, with a moderate trough or peak in-between. This reversal could signal an end of an uptrend or downtrend. ( Double top with an end to an uptrend in this case).
Double Top Chart Pattern
The three drivers chart pattern is a well known harmonic chart pattern that acts as a trend reversal. The pattern consists of either three higher highs or lower lows which is an indication of a potential trend reversal.
There are two different types of three drives pattern:
Bullish Three Drives Pattern
There are three different waves in...
The head and shoulders chart pattern is a price reversal pattern that helps traders identify when a reversal may be underway after a trend is exhausted. It is of two types: Head & Shoulder and Inverse Head & Shoulder. This reversal could signal an end of an uptrend or downtrend. (Inverse Head & Shoulder with an end to downtrend in this case)
Inverse Head &...
All of us want the price action to follow the direction of our trade but that doesn't happen always. The price action has a natural tendency to move up and down; build ranges and develop patterns. Most of the ranges and patterns are like whipsaws and many traders stuck in these situations and lose money. The most effective ways to deal with such a...
Cup and Handle Chart Pattern
The cup and handle chart pattern is a bullish continuation pattern that marks a consolidation period followed by a breakout. It can help to predict future price movements.
A cup and handle chart pattern is comprised of three main components:
-A prior trend, as to qualify as a continuation pattern it has to have a prior trend
This is a modified version of Fractals that I made and how to use it. It's pretty straight-forward. Go long over the green levels and short under the red levels. An option that I didn't discuss in the video is the potential of a wider trailing stop for longer runs. I like to focus on the breakouts of just a few points as they happen very, very often.
how to spot uptrend
1) adding a trend line in the chart which works as a support .
2) breaking of downtrend
HH : previous high
HL : previous low
trading uptrend market is simple
here HH is acting as a support so take time and add a zone at the higher high and analyze the candle (hammer , pin bar) perfect and at the bounce add some in to portfolio.
HL : price...
As I said earlier today, volume plays a very important role in breakouts. you see an upward breakout and the price closed a candle above the pennant but without any considerable volume, and it reversed all the way down.
Good Luck With Your Trades. ;)
Just an novice ...self learning.
If dlf manages to cross this intersection point of resistance zone (intersection of resistance levels of parallel channel and triangular pattern) , most likely to test higher levels... let's see, if I'm wrong, friends please offer your views for corrections.