Sentences with phrase «daily chart pattern»

Below is a snapshot of the daily chart pattern as it looked the day before our swing trade buy entry:

However, it's actually the daily chart pattern that makes this trade setup enticing.

The daily chart pattern below details our exact entries and exit prices for the $ IBB swing trade.

However, although such price action is bullish, the daily chart pattern presently does not yet provide us with a clearly defined buy entry point and level for setting a stop price.

The PowerShares QQQ Trust ($ QQQ), an ETF trading proxy for the Nasdaq 100 index, has a very similar daily chart pattern:

We'll tell you why it does not matter later in this article, but let's first take a quick look at the daily chart pattern of the S&P 500 SPDR ($ SPY), a popular ETF trading proxy for the benchmark S&P 500 Index:

Let's jump right in and give an actual example of how market timing works by looking at the daily chart pattern of the NASDAQ Composite Index ($ COMPQ) below.

HOWEVER, with our market timing model now in «sell» mode and the daily chart pattern starting to look at bit ominous, this does not mean swing traders should be looking to step in and start buying stocks.

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.

So, let's take a closer look at the daily chart patterns of the Nasdaq 100 Index ETF ($ QQQ) and S&P 500 SPDR ($ SPY), two popular ETF proxies for the broad market.

Surprisingly, the tool is utilized by simply comparing the daily chart patterns of any stock or ETF versus the S&P 500 Index.

As swing traders, we base most of our detailed entry and exit points on the daily chart patterns, but we always assess the longer - term weekly chart patterns to look for confirmation of trend.

Not exact matches

The ugly pattern in $ QQQ is shown on the daily chart below:

For the sake of brevity, we will skip analysis of the Dow Jones SPDR ETF ($ DIA) because both its daily and weekly chart patterns are quite similar to SPY above (broke down firmly below its 50 - day moving average yesterday, and is also coming into support of its year - long uptrend line).

The following daily chart of Tesaro ($ TSRO) clearly shows a tightening of the right hand side of the basing pattern:

Scanning for reliable chart patterns is obviously one of the most important factors that determines which stocks and ETFs we buy in the model portfolio of The Wagner Daily newsletter.

In addition to scanning hundreds of daily ETF chart patterns every night, we also use percentage change charts to compare the performance of numerous industry sectors with the benchmark S&P 500 and / or Nasdaq Composite indices.

The first winning trade of this month period was an interesting fakey pattern that formed on the daily chart of the S&P 500 within the recent runaway trend this market was in just before all the recent volatility set in.

Nevertheless, there is a clearly defined area of horizontal price support and daily chart, and the ETF is also formed a pattern that is similar to an inverse head and shoulders.

This is necessary because the daily and weekly chart patterns of various ETF families can vary greatly, depending on the underlying stock portfolio that comprises each ETF.

Drilling down to the short - term daily chart interval, the cup and handle pattern can be more easily seen.

On the daily chart, the CNYUSD has been trading in a triangle pattern since early October, and a break - out in price either up or down from this level can be expected in the next few days.

This bearish pattern can be clearly seen on the daily chart of PowerShares QQQ Trust ($ QQQ), a popular ETF proxy for trading the Nasdaq 100 Index:

On the daily chart, we find that the stock has formed a bullish inverse head and shoulders pattern.

In the best, most promising stock trading setups, all three chart time frames (daily, weekly, monthly) will confirm the patterns of one another.

This is healthy price action and has led to the formation of a «bull flag» type pattern on its daily chart.

Since a weekly chart is a longer - term interval than a daily chart, the formation of this shooting star pattern on the weekly chart is more important than if the the same pattern occurred on a daily chart:

The daily chart of $ AMD below shows the bull flag pattern that enabled us to list the stock as a Wagner Daily buy sdaily chart of $ AMD below shows the bull flag pattern that enabled us to list the stock as a Wagner Daily buy sDaily buy setup:

Just few days ago stock.nu published a post with charts showing that empirical distribution of daily lows follows a U-shaped pattern, i.e. daily low is not equally likely to happen at any time during the trading day, rather low is more likely to occur near the open or the close.

# 2 Bullish Candle: The latest candlestick pattern in the daily chart is a hammer.

# 4 Double Bottom Pattern: From the daily chart of SAGE, we can see that the stock is currently forming a Double Bottom pPattern: From the daily chart of SAGE, we can see that the stock is currently forming a Double Bottom patternpattern.

The price action triggered the rounding bottom reversal pattern on the daily chart.

# 1 Falling Wedge Pattern: As you can see from the daily chart, SAGE has been trading within a falling wedge pattern during the past few Pattern: As you can see from the daily chart, SAGE has been trading within a falling wedge pattern during the past few pattern during the past few months.

# 1 Falling Wedge Support: ABT's daily chart shows that the stock has currently taken support at the bottom of a falling wedge pattern.

This triggered the large cup and handle reversal pattern on the daily chart.

The American Journal of the Medical Sciences: «Charting of daily weight pattern reinforces maintenance of weight reduction in moderately obese patients.»

Clearly, the price patterns on a 30 - second chart look different from those on a daily chart.

So while day traders will look at 4 hourly and daily charts, the swing trader will be more concerned with multi-day charts and candlestick patterns.

Daily chart — Price action has broke off key level with a head and shoulder pattern.

Technical trading patterns should be used on daily, weekly and monthly time frames: A head and shoulders pattern on an intraday five minute chart does not carry the same weight as a head and shoulders pattern on a weekly chart.

In the chart image below, notice we had an existing up trend before the inside bar (s) pattern formed, and we typically like to trade inside bars with the daily chart trend, so we were looking good.

An inside bar is best traded as a trend - continuation pattern on the daily chart, they can be thought of as «breakout» plays and can provide very good risk reward potential to jump aboard a trending market as it resumes its movement after a brief pause or consolidation.

However, one price action pattern that I ONLY trade on the daily chart time frame, is the inside bar pattern.

# 2 Ascending triangle pattern support: NGS daily chart shows that the stock has currently taken support at the bottom of the Ascending Triangle pattern.

I understand that, if I see in the H4 chart and I found a pattern, but take profit point need 4 - > 5 candles (Ex) I will calculate number of pips and then I check out to Daily chart and trading with calculate of entry pips above.

# 4 Triple Bottom Pattern Breakout: From the daily chart of PZZA, we can see that the stock had recently broken out of a Triple Bottom pPattern Breakout: From the daily chart of PZZA, we can see that the stock had recently broken out of a Triple Bottom patternpattern.

Reason: That price action would form a bullish double - bottom reversal pattern on the daily bar chart.

Engulfing patterns that occur on the monthly chart are stronger than those which occur on the weekly chart, which are stronger than those that occur on the daily chart, and so on..., with the significance being less and less as you go to lower and lower time frames.

I trade the 15 - minute to daily charts when I'm trading candlestick patterns.

The late - week price action has formed a bearish pennant pattern on the daily chart.