Here is one chart pattern that I personally like to use.
It's called the J-Hook Pattern, because it takes the shape of the letter J.
Typically, these are found in a stock uptrend. At some point, the price of the stock pulls back to a point of indecision, which can often be marked by a doji cross candlestick. From there, prices begin to rise, creating a J-hook pattern. From there, we typically see a resumption of trend.Read More
In early October, 2018, gold may have found its bottom.
After plunging for the last six months, prices were in the longest streak of losses in about 30 years. Just since April 2018, gold prices sank from $1,360 to a current price of $1,180.
The idea that drawing lines on a chart can make you money has been a matter of contention for years. But the fact remains that those lines are quite helpful.Read More
Buy low and sell high.
In other words, buy when a stock is in the dumps, and sell it at a peak.
It’s the best investment advice ever given. The problem is most people do the exact opposite. They sell low. Then, they buy high. They just sucked into the psychology and begin to trade on raw emotion instead of basing decisions on rational thought.Read More
Fear and greed are the ultimate telltale signs of a potential reversal.
When traders get far too greedy, they send stock prices ridiculously higher. When traders get too fearful, they tend to overreact and send stocks too low, too fast.Read More
Any time you use technical analysis, confirmation is essential.
If you’re not willing to confirm, you’re doing yourself a great disservice. In fact, at no time will I ever just use Bollinger Bands (2,20), MACD, relative strength, or Williams’ R% alone.Read More