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Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
The trendline of the uptrend which started in May 2023 was breached in early Aug 2023. However, GATX is holding 100 EMA and holding support of 122. If it falls below this first support of 122, it is likely to bounce back from the second support of 119. If not, it may go into a long downtrend, reaching levels between 100-110.
Squeeze Momentum indicator is...
Hey people, GATX CORP is in a fake bearish movement with a strong sell volume traded and a hammer candle. In the TIMEFRAME M1 we see a large hammer candle upside down with a large volume of sales made, it bounced off the VWAP in its swallowing. For a retest of the base then of the highest in order to go to the top of the consolidation zone and test it. Great...
My first view of a stock is a 10 year weekly chart and even I Look more back in the time for establish old and relevant support and resistance levels.
Then I do a zoom in and I focus in the action of the last 2 or 4 Years.
Then I look my daily chart and 4-Hrs Chart too, this is called Top down Analysis with multiple time frame.
Thanks to this,
I identify a key...
GATX broke-out and retested previous resistance.
Ramping volumes and Weekly & Monthly charts support the Long Idea.
Medium targets 66.95 and 69.88
Looking Weekly & Monthly charts suggest it could even reach an area near 79.00
