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Tony

@Tonyss_TA

Jan 24, 2022 • 19 tweets • 5 min read • Read on X

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The following thread will be on various technical patterns to look for when charting that can indicate a potential reversal OR continuation.⬇️

The 1st set of patterns I will go over are Flag formations. These formations can indicate reversals or continuation in either direction. These formations are areas of consolidation in and up or downtrend.

Bull Flags: A bull flag is a continuation pattern when something is in an overall uptrend. This is applicable to all time frames. When looking to enter a bull flag, you can either bid within the formation, or play the breakout.

Bear Flags: A bear flag is the inverse of a bull flag, and signals a bearish trend within the chart. You will see bear flags form in a stock that is in an overall downtrend.

The 2nd set of formations I would like to go over are Pennants. Pennants are similar to flags, except the areas of consolidation within them are tighter almost forming a point.

Bull Pennant: A bull pennant is an area of consolidation within a stock that is in an overall uptrend. Below is an example of what this looks like. You can see the difference between a flag and pennant.

Bear Pennant: A bearish pennant is an area of consolidation within a stock that is in an overall downtrend. Below is a picture of what that looks like, and how it differs from a bull flag.

The 3rd set of patterns I would like to talk about are neutral patterns. These are formations within a chart that are neither bullish or bearish, but can break in either direction.

Descending / Ascending Triangles: A descending or ascending triangle is a formation that occurs in a stock that is in either trend. These formations have the chance to break in either direction

The 4th set of patterns I would like to talk about are double top and double bottom patterns. These patterns can indicate potential reversals in either direction.

Double Top: Double Tops are areas on a chart that experience rejection multiple times. These patterns can be good short / put opportunites.

Double Bottom: Double Bottoms are the inverse of double tops and indicate levels of support within a chart:

The 5th set of formations I would like to talk about are Head & Shoulder & Inverse Head & Shoulder patterns. Again, these are formation that can indicate reversal in either direction.

Head & Shoulders: The Head & Shoulders Pattern is a very useful pattern to be able to identify as it can give you great insight in the potential direction of the stock. These are very bearish in nature.

Inverse Head & Shoulders: An Inverse Head & Shoulders pattern is exactly what it states, the inverse of a head & shoulders and typically very bullish in nature.

The 6th and final set of formations I would like to talk about are Cup & Handle, and Inverted Cup & Handle formations. These formations can indicate potential bullish or bearish trends within a stock.

Cup & Handle: A Cup & Handle is a formation that typically takes an extended period of time to mature. These are great especially on the daily timeframe and can signal a potential breakout.

Inverted Cup & Handle: An Inverted Cup & Handle is a bearish formation that can signal a potential downside break.

As always, I hope this thread will be of use to some of you! As you gain more screen time, these patterns will be very easy to pick up on!

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More from @Tonyss_TA

Tony

@Tonyss_TA

Aug 13, 2022

Something to study over the weekend: Low Volume Trend using EMA's. We have seen this quite a few times on $SPY over the course of the past few weeks / months. Extremely low volume trend days where we stair step in either direction almost the entirity of the trading day. (contd.)

You can see over the course of 5-6 hours from 10:45 - close, $SPY traded with very low volume. An entry off confirmation at the 9ema would have given an opportunity to ride the trend almost the entire day.

EMA's are best utilized during trend days, low volume or not. They offer excellent entry / re-entry opportunities with a roadmap for stop loss placement as well. Your EMA's are also there to guide you when letting a position ride and maximizing profit potential.

Read 4 tweets

Tony

@Tonyss_TA

Aug 7, 2022

The following thread will be on a Triple EMA strategy I have been testing for a few weeks and found extreme consistency with: ⬇️

So there are 2 variations to this strategy that I have been testing, a triple EMA cross in either direction, and utilizing these EMA's during extreme trend days for entries and stop placement.

Let's first discuss the triple EMA crosses I have been playing using the 9,20,30 EMA. I am sure you have played around with EMA / MA crosses depending on which you use. I have always used the 9,20 but wanted to add another that was relatively close to both.

Read 14 tweets

Tony

@Tonyss_TA

Jul 9, 2022

The following thread will be on Retest Trading Using Supply & Demand Zones, & why experienced traders use this method: ⬇️

Retest trading is a very proficient strategy when playing around zone breaks in either direction. Waiting for a retest of zone is the "confirmation" we need that either a zone is still valid, or a zone has flipped.

Let's first talk about zone breaks and why waiting for a retest, is much safer than taking a position right away. Whenever a Supply or Demand Zone is broken, it can often be difficult to gauge when we are supposed to enter in either direction.

Read 13 tweets

Tony

@Tonyss_TA

Jul 7, 2022

The following thread will be on how I draw Supply & Demand Zones using multiple timeframes: ⬇️

First things first, it is important to note that there are no restrictions when it comes to which timeframe you draw zones on. Everyone uses different timeframes, these are just the ones that personally work best for me!

We know by now that Supply & Demand Zones are areas within a chart that help us gauge entries, exits, and where "big money" is located. But how do we go about drawing these zones, and what timeframe should we use?

Read 20 tweets

Tony

@Tonyss_TA

Jul 5, 2022

The following thread will be on Trendline Trading & why I think they are the most important thing you can implement into your trading: ⬇️

Trendlines are extremely important when it comes to, you guessed it, identifying trend. They are also extremely important in gauging entries and exits, as well as spotting potential reversals happening in real time.

By definition, trendlines are lines within a chart that either connect swing highs or swing lows, showing current direction in price. These lines are extremely easy to implement while keeping your charts clean and simple.

Read 13 tweets