All Entries in the "chart patterns" Category
Eyeing Range Expansion in ACL
The ascending triangle pattern is commonly found within uptrending stocks, so in a bull market like we’ve been in since March, you can spot quite a few of them.
Pattern Failures Are Worth Noting
While the bulk of my trading revolves around chart patterns, and most notably the confirmation of them, failed patterns are certainly worth identifying.
4 Cup & Handle Patterns to Watch
One of the most easily identifiable chart patterns is also one of the rarest - the cup and handle pattern. In this post, I want to show you a few which are developing right now.
Profiting from Market Changes
It’s a strong tape - there is no doubt about that. When the NAZ has rallied for the previous 8 consecutive weeks (and currently gunning for 9) and the DJIA has tacked on 30% during the same stretch, you’re looking at quite a rally.
But during the course of that run, the pullbacks have been both [...]
Trading Video - Making Money from Mediocre Trades
Here’s another video of a trading lesson I learned in the market today.
Not every trade is stellar, so naturally there are some poor and mediocre trades. Today’s lesson discusses the latter. This one has a simple solution and yet I’m surprised how so few traders actually do this.
Feel free to share it if [...]
How Pullbacks Help Build New Chart Patterns
The recent market pullback may or may not be finished, but it brings up an important subject which is why pullbacks within trends are good and healthy. Whether we’re talking about an uptrend like the one the market is currently in or a downtrend like we’ve seen before, prices don’t move nonstop in the [...]
When Patterns Fail
Things turned ugly this week for the first time in a while, and a lot of charts actually needed this shakeup. The CNBC headlines and dreary comments of “the worst week since March” don’t actually say much, especially since all we’ve done pretty much since then is climb higher each week. But it’s [...]
