This trading setup is kind of complement pattern of the one presented in The One Bullish Setup Everyone Must Know Daytrading Emini S&P. It is short only, strictly day trade ...
Part of Art of Chart Reading Summary Spike and ledge is a terminal pattern that happens more often in indices and post news shock environment. The concept is ...
Part of Art of Chart Reading
Price discovery is the process of buyers and sellers interacting at the marketplace to determine the price of an asset. If this sounds like ancient ...
Many readers emailed me asking for more information about Bitcoin and where they can learn more about it. Well, there are many options to choose from. Here is a short ...
Part of Art of Chart Reading
Channels is an interesting structural behaviour with non-random price movements. With purely random generated data series, channels rarely show up. It is one of the ...
Part of Art of Chart Reading
There are chart readers who use many patterns. They use so many patterns you have to wonder if it is feasible to recognize them all. ...
Before you spend time even thinking of the more complex price patterns or technical setups, have you even paying any attention to the most basic foundation of the price charts, ...
Part of Art of Chart Reading
This is a perfect example of parabolic run. I mentioned that back on Monday (July 8, 2013) we have a parabolic run in place in ...
We often hear traders talking about trend – trend is your friend, do not fight the trend, etc. Yet we seldom hear a room full of traders agree upon what ...