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This for educational purposes. Not intented for investment advice. Using Stage Analysis to study a potential breakout. I did this for my son who is a cryptocurrency miner and has been mining Nimiq. This is for long position analysis of entry for the investor (not the trader). I will follow up with a trading educational video on shorter time frame. NIM is in a...
Please understand this is for educational purposes only. Seemed to form a reverse head and shoulder pattern. 50 and 150 EMA are trending upward In stage 2 uptrend. (see Stan Weinstein Secrets for Profiting in Bull & Bear Markets) First entry taken when broke out from August highs Second entry when it broke out of a continuation pattern Third entry, breakout from...
This is not investment advice but is intended for educational purposes. Just a study of chart patterns. Chart patterns for educational purposes: EMA 9 EMA 50 EMA 150 YTD AND DAILY Study: Pendants and Bull and Bear Flags; Breakouts; Stage Analysis; Volume Ethereum looks to be in stage 2 uptrend comments welcomed
Technically - The price has retested the channel support which implies that there is a possibility for pull back. - Also the momentum is still strong as can be noticed from MACD 4C - The 30 period MA is sloping upward Fundamentally - The economies are opening up from Covid19 pandemic which will likely boost demand and Oil price - On the supply side, the crude...
I have employed Stan Weinstein stage analysis for EURJPY on weekly chart, and i have observed the potential for the pair to head upward. - The chart is currently crossing 30 weeks moving average - The volume has improved recently - The relative strength has also improved. i therefore biased for strength in EUR against JPY in the medium term
Not trading or financial advice! My trade idea is to short the SPY at 273. Stops at 290. Target at 220. Risk reward is about 1:4. Long term moving averages indicating a downtrend. Price retraced into an ideal fib retracement zone and has been rejected back down out of it. My thoughts are that we will retest the recent low. My ideal way to trade this is to buy...
Newsletter: chasingstage2.substack.com LONG $XLMBTC $LSCC $SONO $TERP SHORT $OKTA $TWLO
Hoarding for buying opportunity on NZDJPY. Already engaged on this bullish bat pattern on the 4-hourly chart(right) and already shifted stops to entry, let say the bullish 5-0 pattern form up on the 1-hourly chart(left) I will engage for another long trade.
If the price pull back to the around $47 which will be the previous downward trend line support and also the 20 day EMA support. It should be a high probability trade. Can scale to 1 hour time frame to spot a short term trend line break.
passing $47 seems a good break of the stage 2 consolidation trading range. But watch out the rough market condition
Watch for volume to pick up for upside confirmation or wait for pullback for entry if volume does not materialize. Maintain upward MA slope and green mansfeld and you are good to go for Stage 2 uptrend with ZERO overhead supply to rein this in. One of the better looking stage 2s in the market imho.
Take away is this is a weaker Stage 2 with long term overhead supply in play and a very nice short term chart to counterbalance. Look for rejection at former highs and make sure relative strength and upward slope are maintained for massive breakout to all time highs.
Weinstein stage analysis breakout to stage 2, same rules as always fam
Huge volume bull flag stage 2 breakout. Same Weinstein stage analysis rules. MTLS
Stay long if maintains green Mans reading, over 30 ma upward slope. WAAS
For those of you unfamiliar, Stain Weinstein is a legendary trader. His book, "Secrets For Profiting in Bull and Bear Markets", is one of the very few books on my must read lists for traders (new and old). You can get a quick summation of the strategy to make sense of the points over here: www.nextbigtrade.com . Line that up with my start on what I see the...