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Trandanalysis

Price action To be a price action trader you must read and understand the price, and all of the chart. . Remember that and use it in your trading. Not patterns and not signals or triggers. The signals and the entries are super important, but it is the overall price action story that is the king of the jungle. To make the story you need to read the whole chart. A really common question I get when traders are marking their support and resistance levels is “how far back do I go on my chart to mark my level?”. The answer is that you should read the WHOLE chart and go as far back as the chart allows.
Education
by TaherJalili
I told you so (again) - 4th bear trap avoided.I won’t start this analysis with a “ I told you so ”, because this would be too cliché. In my last SPX analysis, I warned you about how bearish patterns in the daily chart often are just a correction or pullback in smaller timeframes. And that’s exactly what happened today . If you missed my last analysis, the link to it is below as always. The possibility of a shooting star was real, yes, but that’s the fourth bear trap we avoid by using this simple strategy. That’s how a multi timeframe analysis works, and that’s why I always like to keep things simple. The price hit its supports at the pink line (previous top) and the 21 ema and the trend resumed, as usual. There are no surprises for us here , and I’ll quote what the technical analysis’s father said about a century ago: “Trends Persist Until a Clear Reversal Occurs”. That’s why I’m a bull for more than a month now, and I’ll keep bullish until the bears appear. Simple . Check the links below to check my analyses about some stocks I own, and check my social media too, since I can’t post everything here! Until then, there’s nothing here that convinces me that a bear trend will begin. Let’s take a look at the daily chart: The trend is still clearly bullish.It's been years ago since I stopped trying to “predict” the next top - now I just follow the trend. I invite you to follow me to keep in touch with my analyses and if you want to understand better my trading methodology. You guys know that I won’t short SPX, because I’m inclined to buy VIX instead, and maybe we will see something new tomorrow – or maybe not. We don’t know, and we don’t need to know to trade successfully. Some people call me naive, having no idea of how serious I'm at my work. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
TVC:SPX
by Nathan_The_Finance_Hydra
19
Are the tides turning for Electroneum..? Hello beautiful people, hope you're enjoying the weekend! Today I joined my wife on a walk in support of Alzheimer's disease, which is affecting my grandma, bless her soul. Now! Lets jump into ETN and see what these charts are telling us. As many of you know by now I am a swing trader. I am looking at profitable entry/exit scenarios. My last chart displayed a descending wedge, and on September 13th, we broke upward with a 17 point move, 51.52% profit. These are some of the moves I look for and share with my VIPs. Ok, so that's in the past and I'm sure you guys are not here to read up on past event's but rather get an understanding of whats to come. Let's jump into that. Inverse H&S: In case you missed out on the recent breakout of a 51.52% profit, which was nice but only a test run for whats to come. The next confirmation I'm looking for is an inverse H&S before a 80.49% profit breakout. This pattern should form in the next week or 2. The entry is 41 sats. Risk management - exit the call at 17% - 18% (34 - 33 sats). This is not investment advice. This is purely for entertainment and educational purposes. Awareness618
ELong
by Awareness618