There are No More Secrets when it comes to Trading. ๐
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ษขแดแด สแดแดส แดษชแดแดแด แด๊ฐ แดสแด แดษชแด ๐๐ฝ
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ษขแดแด สแดแดส แดษชแดแดแด แด๊ฐ แดสแด แดษชแด ๐๐ฝ
Before you read this thread, Iโd suggest you learn the basics first ๐๐ฝ
https://twitter.com/talkcentss/status/1483326568449855491
*Glossary
โข Resistance:
Price battles to move higher
โข Support:
Price holds at a certain level
โข Resistance:
Price battles to move higher
โข Support:
Price holds at a certain level
Letโs take a look at more of my favorite patterns when it comes to trading ๐๐ฝ
1. Falling Window
2. Marubozu Pattern
3. Bull Flag
4. Bear Flag
5. Tri-star Bullish
6. Tri-star Bearish
7. Dark Cloud Cover
1. Falling Window
2. Marubozu Pattern
3. Bull Flag
4. Bear Flag
5. Tri-star Bullish
6. Tri-star Bearish
7. Dark Cloud Cover
1/
Falling window
Ever see those gaps in a share price?
It usually happens in a downtrend
It happens when yesterday's low is above today's high, leaving a hole on the daily price chart.
This is a bearish continuation pattern
Falling window
Ever see those gaps in a share price?
It usually happens in a downtrend
It happens when yesterday's low is above today's high, leaving a hole on the daily price chart.
This is a bearish continuation pattern
Example:
PayPal Holdings, on the 4th of November 2021, there was a clear gap in the price.
The stock fell very quickly and signaled this was going to continue moving down further. It was a good time to start cutting exposure.
$PYPL
PayPal Holdings, on the 4th of November 2021, there was a clear gap in the price.
The stock fell very quickly and signaled this was going to continue moving down further. It was a good time to start cutting exposure.
$PYPL
2/
Marubozu pattern
Marubozu means โdominanceโ
The close of the day is equal to the high of the day.
Itโs a strong bullish sign, the stock opened and kept rising for the day.
Vice versa for a bearish trend, I use it as a signal that the uptrend is going to continue.
Marubozu pattern
Marubozu means โdominanceโ
The close of the day is equal to the high of the day.
Itโs a strong bullish sign, the stock opened and kept rising for the day.
Vice versa for a bearish trend, I use it as a signal that the uptrend is going to continue.
Example:
On the 4th of November 2021,
$MTN closed at R147.52, the Marubozu signaled that there was strong movement in this continued uptrend.
On the 5th of November MTN reached a high of R174.82.
R147.52 to R174.82 (18% return).
Subsequently, profit taking occurred
On the 4th of November 2021,
$MTN closed at R147.52, the Marubozu signaled that there was strong movement in this continued uptrend.
On the 5th of November MTN reached a high of R174.82.
R147.52 to R174.82 (18% return).
Subsequently, profit taking occurred
MTN continued to sell off, which I initially thought was a bull flag (yellow channel) but the correction seemed deeper than 50% of the breakout.
Price seems to have stalled recently and I donโt see any setups, price must hold otherwise there might be some pain ahead.
Price seems to have stalled recently and I donโt see any setups, price must hold otherwise there might be some pain ahead.
3/
Bull Flag
Whatโs a bull flag?
Glad you asked๐
Itโs one of my favorite patterns.
It literally looks like a flag poll and the flag.
It is a continuation pattern of an existing uptrend, it consolidates in the opposite direction of the trend and then breaks out.
Bull Flag
Whatโs a bull flag?
Glad you asked๐
Itโs one of my favorite patterns.
It literally looks like a flag poll and the flag.
It is a continuation pattern of an existing uptrend, it consolidates in the opposite direction of the trend and then breaks out.
Example:
Sasol ( $SOL )
Had a clear bull flag set up
It is why I tried to let the world know that there was money to be made ๐๐ฝ
Sasol ( $SOL )
Had a clear bull flag set up
It is why I tried to let the world know that there was money to be made ๐๐ฝ
4/
Bear Flag
A bear flag is the opposite of a bull flag. It is the continuation pattern of an existing down trend.
This formation is a strong move down and then followed by consolidation channel upwards before breaking lower again.
Bear Flag
A bear flag is the opposite of a bull flag. It is the continuation pattern of an existing down trend.
This formation is a strong move down and then followed by consolidation channel upwards before breaking lower again.
Example:
PayPal Holdings $PYPL
PayPal has been in free fall, like most of the US stocks, but PayPal gave a clear sign that it was going to continue falling, clear bear flag pattern that took place.
Meaning, now is probably still not the best time to buy.
PayPal Holdings $PYPL
PayPal has been in free fall, like most of the US stocks, but PayPal gave a clear sign that it was going to continue falling, clear bear flag pattern that took place.
Meaning, now is probably still not the best time to buy.
5/
Tri-Star Bullish Pattern
It consists of 3 candles stick lines. All 3 are doji candles. The middle doji is below the other two
A tri-star pattern near a significant support level gives a better confirmation of a reversal of a prolonged downtrend.
Example ๐๐ฝ
Tri-Star Bullish Pattern
It consists of 3 candles stick lines. All 3 are doji candles. The middle doji is below the other two
A tri-star pattern near a significant support level gives a better confirmation of a reversal of a prolonged downtrend.
Example ๐๐ฝ
6/
Tri-Star Bearish Pattern
This is the opposite of a Tri-Star bullish pattern.
It signals a reversal in the current trend.
A tri-star pattern near a significant resistance level increases your chances of a successful trade.
Tri-Star Bearish Pattern
This is the opposite of a Tri-Star bullish pattern.
It signals a reversal in the current trend.
A tri-star pattern near a significant resistance level increases your chances of a successful trade.
7/
Dark Cloud Cover
There is a storm coming, this is a bearish reversal pattern,
It opens above the close of the prior candle and then closes below the midpoint of the green candle.
Dark Cloud Cover
There is a storm coming, this is a bearish reversal pattern,
It opens above the close of the prior candle and then closes below the midpoint of the green candle.
Thatโs the tweet, follow me @talkcentss for more trading education.
You can also get your weekly dose of in-depth stock analysis by simply subscribing to my YouTube channel ๐
Click here ๐๐ฝ
youtube.com/channel/UCrI_7โฆ
You can also get your weekly dose of in-depth stock analysis by simply subscribing to my YouTube channel ๐
Click here ๐๐ฝ
youtube.com/channel/UCrI_7โฆ
โข โข โข
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