Not exact matches
In addition to this $ VXZ trade
setup, note that we still have $ QQQ on our watchlist as a potential short entry (or inverse ETF entry), due to the head and shoulders
pattern on its weekly
chart (review our recent analysis of this
setup on this blog post).
Combo
Setup — The stock must have a combination of great earnings growth and strong technical price action (some type of bullish
chart pattern).
Going into this week, we have one new technical ETF swing trade
setup on our watch list, which is another international ETF was a bullish
chart pattern.
In this video trading lesson, I discuss how I use the «fakey price action
pattern'to make money trading GOLD and the next «potential trade
setup» I see setting up on the GOLD
chart.
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.
Based on the weekly and daily
chart patterns above, we have officially added $ IBB to our watchlist as a potential swing trade
setup on the short side.
Every technical trader has his own specific approach to scanning
chart patterns and locating potential buy
setups.
In the best, most promising stock trading
setups, all three
chart time frames (daily, weekly, monthly) will confirm the
patterns of one another.
Ripple is still trading in its prior ranges in both the USD and the Bitcoin pair, as the long - term consolidation
patterns still dominate trading in the coin.The declining short - term trend is intact, just as in the case of ETH and BTC, and the MACD indicator is neutral on both
charts, without XRP showing nor relative weakness or strength here, leaving the technical
setup unchanged.
The daily
chart of $ AMD below shows the bull flag
pattern that enabled us to list the stock as a Wagner Daily buy
setup:
However, it's actually the daily
chart pattern that makes this trade
setup enticing.
Combining hidden divergence with this
chart pattern or even regular divergence between the left shoulder and head of this
pattern can help to qualify good trading
setups.
Especially considering some of the
setups come from price action
patterns, I know using NY close
charts will result in better performance.
In this video trading lesson, I discuss how I use the «fakey price action
pattern'to make money trading GOLD and the next «potential trade
setup» I see setting up on the GOLD
chart.
Set reasonable targets: One of the other nice things about
chart patterns is they can provide not only potential trade
setups, but can also provide a means of quantifying risk and setting profit targets.
Piercing
Pattern Setup Chart Setup Indicators: 100 Period Exponential Moving Average, -LSB-...]
BTC / USD formed a bullish engulfing candlestick
chart pattern, with the Tenkan line crossing above the Kijun line on Ichimoku Kinko Hyo's standard
setup.