QNTUSD: Daily VCPVCP: 21W 59/7 4T
The posted chart contains a VCP (volatility contraction pattern). The first label "W" stands for weekly and shows the duration of the entire consolidation. In the middle label, the percentage of contractions is indicated (for example, "15/4"), with 15 representing the -15% depth of the base and 4 representing -4% of the last contraction. The last part "T" represents the number of contractions. The light blue lines in the chart correspond to the contractions. A more detailed description can be found in Mark Minervini's books.
RS stands for relative strength and measures the strength of the stock compared to the overall market. The value range is 1-99 with 99 being the highest value. The rank was generated by fyntrade.
Minervini
TRXUSD: Daily VCPVCP: 4W 11/6 3T
The posted chart contains a VCP (volatility contraction pattern). The first label "W" stands for weekly and shows the duration of the entire consolidation. In the middle label, the percentage of contractions is indicated (for example, "15/4"), with 15 representing the -15% depth of the base and 4 representing -4% of the last contraction. The last part "T" represents the number of contractions. The light blue lines in the chart correspond to the contractions. A more detailed description can be found in Mark Minervini's books.
RS stands for relative strength and measures the strength of the stock compared to the overall market. The value range is 1-99 with 99 being the highest value. The rank was generated by fyntrade.
VEGI: Weekly VCPSetup: Trendline break, VCP
VCP: 41W 27/4 4T
RS: 55
The posted chart contains a VCP (volatility contraction pattern). The first label "W" stands for weekly and shows the duration of the entire consolidation. In the middle label, the percentage of contractions is indicated (for example, "15/4"), with 15 representing the -15% depth of the base and 4 representing -4% of the last contraction. The last part "T" represents the number of contractions. The light blue lines in the chart correspond to the contractions. A more detailed description can be found in Mark Minervini's books.
RS stands for relative strength and measures the strength of the stock compared to the overall market. The value range is 1-99 with 99 being the highest value. The rank was generated by fyntrade.
TME: VCP Pattern / PowerPlaySetup: PowerPlay
VCP: 4W 14/5 2T
RS: 98
Contraction 2 is setting up after the turn (trendline). China stocks are leading!
The posted chart contains a VCP (volatility contraction pattern). The first label "W" stands for weekly and shows the duration of the entire consolidation. In the middle label, the percentage of contractions is indicated (for example, "15/4"), with 15 representing the -15% depth of the base and 4 representing -4% of the last contraction. The last part "T" represents the number of contractions. The light blue lines in the chart correspond to the contractions. A more detailed description can be found in Mark Minervini's books.
RS stands for relative strength and measures the strength of the stock compared to the overall market. The value range is 1-99 with 99 being the highest value. The rank was generated by fyntrade.
IMVT: VCP Pattern / PowerPlaySetup: PowerPlay
VCP: 3W 29/7 3T
RS: 99
The posted chart contains a VCP (volatility contraction pattern). The first label "W" stands for weekly and shows the duration of the entire consolidation. In the middle label, the percentage of contractions is indicated (for example, "15/4"), with 15 representing the -15% depth of the base and 4 representing -4% of the last contraction. The last part "T" represents the number of contractions. The light blue lines in the chart correspond to the contractions. A more detailed description can be found in Mark Minervini's books.
RS stands for relative strength and measures the strength of the stock compared to the overall market. The value range is 1-99 with 99 being the highest value. The rank was generated by fyntrade.
FDMT: VCP Pattern VCP: 6W 29/7 3T
RS: 98
Had a breakout on Friday
The posted chart contains a VCP (volatility contraction pattern). The first label "W" stands for weekly and shows the duration of the entire consolidation. In the middle label, the percentage of contractions is indicated (for example, "15/4"), with 15 representing the -15% depth of the base and 4 representing -4% of the last contraction. The last part "T" represents the number of contractions. The light blue lines in the chart correspond to the contractions. A more detailed description can be found in Mark Minervini's books.
RS stands for relative strength and measures the strength of the stock compared to the overall market. The value range is 1-99 with 99 being the highest value. The rank was generated by fyntrade.
EXLS: VCP Pattern VCP: 11W 14/2 4T
RS: 75
The posted chart contains a VCP (volatility contraction pattern). The first label "W" stands for weekly and shows the duration of the entire consolidation. In the middle label, the percentage of contractions is indicated (for example, "15/4"), with 15 representing the -15% depth of the base and 4 representing -4% of the last contraction. The last part "T" represents the number of contractions. The light blue lines in the chart correspond to the contractions. A more detailed description can be found in Mark Minervini's books.
RS stands for relative strength and measures the strength of the stock compared to the overall market. The value range is 1-99 with 99 being the highest value. The rank was generated by fyntrade.
Good example of VCP in a base$IAA This felt like a good example of VCP in a base. Ideally you want to see this sort of action in a stage 2 continuation for it to be most meaningful. Earnings February 10th will likely be the catalyst on any directional move. Posting mainly as a good example of price tightening. Volume profile not ideal.
🟨 HOW TO trade stocks in DEEP BASESA DEEP CORRECTION = a correction more than 25-30% within the consolidation period.
Sometimes a stock might correct more especially in a volatile bear market. Deeper correction are more risky as they are more failure prone - use these ideas to put probabilities on your side.
The checklist
1. You want as much time away from that correction as possible (at least 1 year)
2. Many bases (iterations) on the right side (currently 3)
3. Explosive moves over the bottom💥 (currently +100%)
General Rules
The bigger the base the more time you want. Always look to the left to see:
- Where is the supply?
- How much is the supply? (could use Volume Profile free tools on Trading View)
- How is the stock acting as it reaches this supply? (Sharp pullbacks or controlled pullbacks)
TradingView & Trend-TemplateIn this video I explain how to integrate Minervini' Trend-Template into your daily stock screening routine.
This concept can be applied to all other securities including Commodities, FOREX and Cryptos.
The links to other relevant tutorials in this context (Stage-Analysis and Trend-Template criteria) are shown below.
Stage Analysis & Trailing StopsWhy Stage Analysis
Stage Analysis is the very first thing you need to get right or everything else will be unnecessary, according to Mark Minervini.
Based on his study 98% of all big winners, dating back from 1800s to current day have been in confirmed Stage 2 BEFORE they made their big move! This makes Stage Analysis a foundational knowledge for anyone who trades the market.
History of Stage Analysis
Stan Weinstein outlined the principles of Stage Analysis in his 1988 book, Stan Weinstein's Secrets for Profiting in Bull and Bear Markets.
This classic text opened the door for many non-professionals to execute successful trading system based on his detailed description of the best prospects for long buys and short sale positions. However, his classic concepts have a far wider reach — it is a premise that gives the best time for a trader to enter and trade the market.
It divides market action by 4 segment (Stages) which analyzes prices dynamics over a continuous cycle that includes bottoms, breakouts, top peaks breakdowns and downtrend occurrences.
How to pick the best Cryptos ??? 😎JS-TechTrading Masterclass
How to pick the Best Cryptos??
The trend is your friend. This is a very old but true quote.
Why is that?
• The vast majority of big winning cryptos and other securities made the largest portion of their gain in a Stage 2 uptrend
• Evidence that institutions are buying
• Increase probability of success
• Know what to expect under specific conditions – point of reference
Your goal is not to buy at the lowest price – It’s to buy at the right price!
Every crypto and other security go through the same maturation cycle - it starts at stage 1 and ends at stage 4 as shown in the chart.
Stage One – Neglect Phase – Consolidation
Stage Two – Advancing Phase – Accumulation
Stage Three – Topping Phase – Distribution
Stage Four – Declining Phase – Capitulation
Our JS-TechTrading strategy focuses on identifying cryptos and other securities in stage 2 uptrends for our LONG-strategies, and stage 4 downtrends for our SHORT-strategies.
By doing that, we create an edge over long-term investors and less proficient traders. By focusing on cryptos and other securities in a stage 2 uptrend (LONG-strategies), and focusing on cryptos and other securities in a stage 4 downtrend (SHORT-strategies) we avoid losing money or breaking even over a long period of time and we are fully invested when cryptos and other securities are in a confirmed up-/downtrend so that we can accumulate money within the shortest period of time.
Example Bitcoin:
But how can we use technical chart analysis can be used to identify cryptos and other securities in a stage 2 uptrend, and in a stage 4 downtrend?
🍾🍾 3x US investment champion Mark Minervini 🍾🍾 developed the so-called Trend-Template which can be used to screen for cryptos and other securities in confirmed up- and downtrends.
TradingView provides all of the relevant tools to automate this screening process. ✌️✌️ The following section summarizes the technical characteristics which must be met so that a stage 2 uptrend for a stock can be confirmed:
Trend-Template to confirm a STAGE 2 Uptrend
1. Stock price is above both the 150-day (30-week) and the 200-day (40-week) moving average price lines.
2. The 150-day moving average is above the 200-day moving average.
3. The 200-day moving average line is trending up for at least 1-month (preferably 4-5 months minimum).
4. The 50-day (10-week moving average) is above both the 150-day and the 200-day moving averages.
5. The current stock price is at least 25% above its 52-week low. (Many of the best selections will be 100%, 300% or even greater above their 52-week low before they emerge from a sound consolidation period and mount a large-scale advance).
6. The current stock price is within at least 25% of its 52-week high (the closer to a new high the better).
7. Current price is trading above the 50-day moving average (exception “Low Cheat” setups
Trend-Template to confirm a STAGE 4 Downtrend
The same logic applies here:
1. Stock price is below both the 150-day (30-week) and the 200-day (40-week) moving average price lines.
2. The 150-day moving average is below the 200-day moving average.
3. The 200-day moving average line is trending down for at least 1-month (preferably 4-5 months minimum).
4. The 50-day (10-week moving average) is below both the 150-day and the 200-day moving averages.
5. The current stock price is at least 25% below its 52-week high.
6. The current stock price is within at least 25% of its 52-week low (the closer to a new low the better).
7. Current price is trading below the 50-day moving average.
We at JS-TechTrading only consider cryptos and other securities for our watchlists which are meeting all characteristics of Minervini's trend-template. This screening process in itself provides us with a significant competitive edge versus most other traders are doing.
In the next tutorials, I will explain how automated trading robots can be applied to cryptos and other securities on our watchlists.
TOP US-Stocks: WatchlistJS-TechTrading: Updated Watchlist
All stocks on our watchlists meet the hard selection criteria according to Mark Minervini's Trend-Template and William o' Neil's CAN SLIM methodology AND
are in the process of developing a Perfect Buy Point and a low-risk entry, following a volatility contraction pattern.
🍾🍾 We trade like the Champions 🍾🍾
Are you struggling with your trading strategy? Follow me to get free, real-time trading signals which are all based on Mark Minervini's success-proven strategy.
Here is the link to the updated watchlist:
www.tradingview.com
TOP US-Stocks: WatchlistWatchlist Update
All stocks on our watchlists meet the hard selection criteria according to Mark Minervini's Trend-Template and William o' Neil's CAN SLIM methodology.
All stocks are in the process of developing a Perfect Buy Point and a low-risk entry, following a volatility contraction pattern.
Here is the link to the updated watchlist:
www.tradingview.com