While money has flowed out of BRIC ETFs (Brazil, Russia, India, China), Southeast Asia continues to be a hot spot with
bullish chart patterns in Indonesia ($ EIDO), Thailand ($ THD), and Singapore ($ EWS).
This is the most
bullish chart pattern in the 24 - year history of SPY.
Not exact matches
When we first alerted you to these
bullish patterns in our April 10 blog post, most of the
chart patterns were not yet actionable.
Although all the stocks discussed
in this video have
bullish chart patterns that could push higher
in the near - term if the broad market remains healthy, these are NOT specific swing trade buy recommendations.
Potential stock picks and
bullish chart patterns discussed
in today's video include: $ IMH, $ DK, $ PHM.
The goal
in selecting the best stocks to buy (
in a
bullish market) is to achieve the perfect balance between volatility, liquidity, and reliable
chart patterns.
Within the realm of ETFs, a majority of the most
bullish chart patterns are presently found
in international ETFs.
In this April 2 blog post, we explained in detail how to trade a bullish technical chart pattern known as the «cup and handle.&raqu
In this April 2 blog post, we explained
in detail how to trade a bullish technical chart pattern known as the «cup and handle.&raqu
in detail how to trade a
bullish technical
chart pattern known as the «cup and handle.»
In today's stock trading strategy video, we show you the exact technical signals that alerted us to buy $ LOCK on a pullback, just a few days after the stock broke out from a
bullish cup and handle
chart pattern.
Although not many of the trade setups we detail
in our stock picking report are from the IPO scan, we always look forward to trading those stocks that eventually appear
in the IPO scan because we have learned over the years that a combination of an IPO with a
bullish chart pattern leads to nice breakouts with a high level of reliability.
The current pullback
in the stock market is a buying opportunity for the top stocks with relative strength and
bullish chart patterns.
Similarly, if talk about candle stick
pattern, several shooting starts can be seen
in 30 - min and 1 - hr
chart indicating
bullish trend
in EUR / USD market.
In the 4 HR
chart, not only did prices react at $ 100 but a strong
bullish engulfing
pattern is right at the 78.6 % Fibonacci retracement level.
The lack of substantial
bullish follow - through
in leading individual stocks
in recent weeks, the absence of leadership
in most ETFs (other than international ETFs), and the bearish
pattern on the weekly
chart of the S&P 500 Index (below) are all valid reasons to avoid the long side of the market now.
Although all signs point to prevailing small and mid-cap strength throughout 2017, please keep
in mind that
bullish chart patterns have a very low chance of success
in bearish markets.
# 2
Bullish Candle: The latest candlestick
pattern in the daily
chart is a hammer.
For
bullish chart patterns, we are always looking for the price action to tighten up within a base of consolidation, and we are now seeing that with the price action finding support at the 50 - MA
in late December, and potentially finding support at the 20 - day EMA this week.
An Ascending Triangle
pattern is a
bullish pattern and is marked
in the
chart in purple lines.
The candlestick
chart above illustrates price breakout close to the opening of the forex trading session shown by the white circle to the left
in addition to a
bullish rejection bar that created an unconnected
pattern that didn't present an opportunity for a stop - and - pop trading opportunity represented by the circle
in the right.
In addition to studying chart patterns, traders also look at moving averages, oscillators and other devices in ascertaining how bullish or bearish a market may be growin
In addition to studying
chart patterns, traders also look at moving averages, oscillators and other devices
in ascertaining how bullish or bearish a market may be growin
in ascertaining how
bullish or bearish a market may be growing.
Bullish chart patterns on biotech - related assets suggest that the bulls are
in control of the momentum.
The previous day's
bullish outside day candle adds credence to Friday's
bullish hammer candle and suggests BCH will likely see an upside break of the bull flag
pattern (seen
in 1 - hour
chart) and move towards the falling channel resistance of $ 1,200.
The
chart above shows a «bull flag breakout» — a
bullish continuation
pattern generally found
in uptrends.