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Vcppattern

Volatility contraction in #Bitcoin signals further upside Bitcoin and Ethereum are ones of the assets that haven't undercut its June lows. In the daily chart of Bitcoin is above its 50-day MA and I see a pivot buy at $21,350. But, when I zoom in at the 4-hour chart, I can see a good volatility contraction with a pivot buy at $20,700. Remeber that crypto never closes so 4-hour charts is the equivalent of a daily chart in stocks. For me this is a good point to start with a small position and then add more on a breakout above the daily pivot. There are two resistance zone you can use as targets, one is the September high and the other is the August high.
BITSTAMP:BTCUSDLong
by dpuleo19
PBBank VCP aka cup & handle pattern. 20/Sept/22PBBank. Look like we have A VCP chart pattern. A chart pattern “refined” by famous Mark Minervini ( US 1997, 2021 investing championship winner) which got inspired by William J. O’Neil defined “Cup and handle” pattern..p/s or anything “chart pattern” you have “discovered/defined “? Making it “famous”?...Also the “cup & handle / VCP” pattern “closed” to 1 of variation of “triangle pattern” which is “ascending triangle “...with breakout. With rate hike all over the world. Banking sector might be “benefit” most. Price of PBBank could reach RM6.80 which is about 47.47% gain from current price level.
MYX:PBBANK
by SteveTan
Anatomy of a Breakout TradeThis is the anatomy of a breakout trade. First, you want to see a large advance in the stock. At a minimum, price should be at least 30% above its 52-week low. Stock will often be up several hundred percent before forming this pattern. Next, you want to see a series of pullbacks - each with a shallower depth than the last. Mark Minervini refers to this as a volatility compression pattern or "VCP". This pattern is a visual representation of the supply/demand dynamic playing out. There is supply, i.e. sellers, near the $33 level. Each time the stock reaches that level, selling pressure sends the stock lower. However, as those sell orders are worked through, each pullback should be shallower than the last - a sign that there are now fewer sellers. The stock is being transferred from weak hands to strong handed buyers. Ideally, you want to see the final pullback in the single-digit range. Look for signs of institutional accumulation during this pattern. These are large green volume candles showing heavy buying by large funds. I also like to see volume dry up in the final days leading up to the breakout. This is further confirmation that sellers are gone and the stock is becoming harder to buy. With little supply, any increase in demand, i.e. buying, will easily propel the stock higher. Finally, you want to buy the moment the stock clears resistance. If there is not a clear resistance level like on this chart of CCB, use the high of the most recent pullback as your breakout point. This is where you want to buy. Place a stop beneath the last swing low (the low of the last pullback). If done properly, you should never need to risk more than 10%. Although not necessary for a successful trade, high volume on the day of the breakout and during additional up days soon after the breakout will greatly increase the odds of a profitable trade.
NASDAQ:CCBEducation
by rossgivens
4
NYSE - SwingTrading: updated WatchlistS tock Market reversed lower after key test, partially fueled by more worries about the economy Apple (AAPL) plans to slow hiring and spending in some divisions next year which concerned traders yesterday. Monday's weak session was another reminder that many sellers and lots of overhead supply is still putting pressure on the markets. What should Swing Traders do now? Sitting in a healthy cash position with limited exposure to individual stocks makes the most sense at this point. When institutional money starts coming in again, that's when you'll see breakouts of stockos on our watchlist really working and following-through. Until then, sitting mainly in cash with only few pilot positions in your portfolio is strongly advised. Continue to do your homework and be ready when the next bull market starts - which will definitiely happen sooner or later. Here is the link to our updated watchlist: www.tradingview.com All stocks on our watchlist fulfill Minervini's Trend-Template criteria and are selected using IBD's CAN SLIM criteria. Also, they all have low risk entry points. Only the best stocks make it onto our watchlists.
AMEX:DIALong
by JS_TechTrading