NYSE:AEP People like to use indicators or oscillators many times to predict the next trend. Actually they can help you, but they will always be late. And above all, what do you do if they are in contrast with each other? Most importantly, do you have a backtest that proves in the long run that their use is profitable and valid on multiple markets and assets? We...
Accumulation taken place in late 2018 until February 2019 when the mark-up phase began to develop. Lesson: forget about the news, earnings , etc. This is a pure example of stock manipulation. Check volume for selling climax, spring and earnings report like the one on the 30th January to break the range. Well played by the composite operator. @Mikephicc
GOLD has a correlation to the strength of USD, as a risk-off asset investors seek haven in the event of Dollar weakness (USD falls > GOLD rises). I'm sure there's more to it than that, be sure to check it out online for yourself. Comments As anticipated during the breakdown of the Monthly timeframe, looking at the Weekly you can see how we respected the 20/50...
Whats up traders - Educational post - heard some chatter in the chat rooms about this trade This was likely a bull trap IMO - Trade (NAFTA) talks have put this currency pair on every novice traders radar Long Running Bull Move Consolidated Rectangular Patter Breakout Above Rectangular Pattern Longs then take their positions Massive Price Dump Risk...
RECTANGLE PATTERN Volume behavior: .-Diminishing through the channel .-Increasing after brake PRICE .-Went up the same than rectangle height
-is to find out if the momentum is getting stronger or weaker, if the chart make a higher high and the indicator made lower high so it refer to; the momentum is decreasing, in order to spot the (breakout from fakeout) -in this example we have a rectangle consolidation, you can see the first breakout was a fake out, here we'll use divergence to spot this fake out...
Hello Traders, As shown above, These are some of the chart patterns that I like using when trading. They are more effective when you combine supply and demand with the patterns, for example, if a big M pattern has formed in a strong supply (resistance area) then its more likely for the pattern to workout. I'll post few example below for your reference. - Abdulla
Hello everyone these are some of the most commonly found classical reversal patterns that you would come across on a daily basis. You can read more about them from the Encyclopedia of Classical Chart Patterns By Thomas N. Bulkowski which is a must read. Cheers