Sentences with phrase «on the chart patterns of»

If we were to focus only on the chart patterns of the major averages when analyzing the market, we would be missing a big piece of the puzzle, which is market leadership.

Not exact matches

After the years of consolidation, Worth noted that a wedge pattern has formed on the chart.

The combination of breakout and rebound features on the Nikkei chart are bullish and suggest a steady upwards move towards the long term pattern target near 20,347.

On a chart of the U.S. 10 - year futures, Ciana sees a «double breakout» pattern that has recently occurred.

Similarities in the patterns on the gold and silver charts mean the silver price follows the behavior of the gold price, says Daryl Guppy.

The similarity in the patterns on the gold and silver charts means the silver price follows the behavior of the gold price.

On the annotated weekly chart of $ GLD below, notice the descending triangle pattern that preceded last Friday's breakdown below key horizontal price support:

The Buying Opportunity For years we have kept «watch lists» of both listed and unlisted securities based on chart patterns.

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).

However, the price has since settled into a consolidation pattern, with four consecutive weeks of tight closing prices on the weekly chart.

A base on base chart pattern occurs when the price action of a recent breakout is unable to extend much beyond the highs of the prior base (former resistance), but also doesn't give up much ground.

The rest of the major indices closed with the same topping pattern on their weekly charts.

Putting it all together, this chart of LinkedIn ($ LNKD) shows a valid cup and handle chart pattern, based on the technical criteria above:

But even on the short side of the market, we also seek chart patterns that exhibit tight periods of consolidation, albeit only those that form near the lows of a recent decline.

As for the weekly chart pattern, QQQ is now trading just below its one - year uptrend line (similar to the one shown on the weekly chart of SPY).

One of those five reasons was the formation of a bearish «head and shoulders» pattern that was forming on the chart of QQQ key to at the time.

Read on to learn how to consistently choose only stocks with ample volatility, liquidity, and reliable chart patterns (the «triad of trading profits»), which directly impacts your long - term trading gains.

On January 24, 2013, we hosted a Live Online Trading Webinar in which we conducted simple and objective technical analysis of various stock chart patterns that attendees requested us to review.

The «cup» was formed after the low of the pullback that tested the downtrend line on the weekly chart above, and the «handle» has been forming the right side of the chart pattern just below the prior highs from September of 2012:

As discussed in the video, many traders fail to successfully trade on both sides of the market because, even if they have the right technical chart patterns, they simply buy or sell at the wrong time.

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.

The relative strength of KRE vs. XLF is shown on the long - term monthly chart patterns of XLF and KRE below:

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.

We try to base our decisions on technical analysis because most of the time in the news you need to know is already priced into the chart pattern anyway.

Specifically, we have been monitoring a bearish head and shoulders pattern that has been developing on the weekly chart interval of $ QQQ.

Blame it in no small part on the persistent bearishness and downright ugly chart pattern of Apple ($ AAPL), a former market leader and heavily - weighted stock within the Nasdaq 100 Index.

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:

These patterns can be discerned at a glance on a seasonal chart, which is calculated by averaging the performance of the stock over the past 20 years.

Recommended Trade (based on the charts) Buy Price: If you want to get in on this trade, you can purchase shares of HAL when the stock pulls back to the neckline of the pattern breakout.

This is shown on the weekly chart pattern of $ USO below:

The correction this week served as a bearish engulfing pattern on the weekly chart, a reversal pattern of some renown.

There is a descending channel pattern with current resistance at $ 580 forming on the hourly chart of BCH / USD (data feed from Kraken).

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

In this year's letter to shareholders, Buffett writes that, «Charlie [Munger] and I view the marketable common stocks that Berkshire owns as interests in businesses, not as ticker symbols to be bought or sold based on their «chart» patterns, the «target» prices of analysts or the opinions of media pundits.

Since my trading strategy requires the presence of price confirmation before acting on any chart patterns (bearish OR bullish), I have not yet shifted into a bearish short selling mode because prices have yet to confirm my bearish analysis.

On May 27, the NASDAQ Composite jumped 1.2 %, but that rally put the index right at key resistance of the top of the «left shoulder» shown on the topping pattern that is in play on the chart abovOn May 27, the NASDAQ Composite jumped 1.2 %, but that rally put the index right at key resistance of the top of the «left shoulder» shown on the topping pattern that is in play on the chart abovon the topping pattern that is in play on the chart abovon the chart above.

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.

It provides features found on sophisticated financial software for your phone or tablet, including charts with 50 + indicators, stock screening, industry group and sector analysis, and audio expert technical analysis of chart patterns for easy listening, or text if you prefer to read.

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:

- Copper is putting in a meaningfully large triangle pattern on the weekly chart that comes at what looks like may be the end of a major downtrend.

But rather than seek the elusive holy grail of trading, we simply focus on mastering the nuances of the most basic, yet highly reliable and profitable chart patterns.

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.

The current base building action is shown on the weekly chart pattern of GXG below:

Technical analysis is the practice of analyzing historical price patterns on a chart and expecting these patterns to continue into the future.

This is why, in strongly uptrending markets, we find it much easier and more profitable to focus on the price action and technical patterns of individual leadership stocks and ETFs, rather than paying much attention to whether or not the charts of the S&P, Nasdaq, and Dow are «overbought» (we hate that useless term).

As such, much of the knowledge we share on this blog focuses on recapping technical chart patterns of past stock and ETF trades that led to successful, profitable -LSB-...]

The recent basing at the lows is shown on the weekly chart pattern of $ KOL below:

With the exception of more shockingly bad news on the European debt front, the chart pattern in setting up perfectly for an end of the year Christmas rally.

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.

For gentler weather, afloat or ashore, Joe Harris has a charming short - sleeved shirt, patterned with charts of the Grenadine Islands, blue on pale blue or blue on white ($ 4.50, patterned for men and women).