UnknownUnicorn6734025

UnknownUnicorn6734025

Hello ! Key points : Notable support zone Pullback after breakout Direction of trend Volume spikes on uptrend We've pulled back to an historical important zone, which acted as support. We're taking this trade after a breakout on high volume and wide range candles in the direction of the general trend. Volume represents the number of shares traded on any...

UnknownUnicorn6734025

Hello everybody and welcome, I hope you'll have a pleasant time reading this. And I also hope it'll somehow be useful to you. --------------------------------------------------------------------------------------------------------------------------------- Let's face it, your biggest enemy in trading is not the market, not the hedge funds, not the banks, it's...

UnknownUnicorn6734025

Hello ! Halfway retracement Key support zone Direction of the trend + wide-range candles Indecision + spike in volume Charts are like books. They tell us a story. We're trading in the direction of the trend, marked by these spikes in volume combined with wide-range candles. What do the shadows/wicks tell us ? Well there's much conviction here. Whenever...

UnknownUnicorn6734025

Hello ! Key points : Pullback after over-extension Fading volume, downtrend losing steam Engulfing on higher volume Wide-range candles defining a strong upward movement I like pointing out the fact that stocks hold on to certain historical support zones. Traders and investors tend to remember them well, as you can see below : The general trend is...

UnknownUnicorn6734025

Hello ! Key points : Significant support Pullback after breakout Wide-range candles in the direction of the trend Indecision + volume increasing As I pretty much always do, I went back in time looking for major support and resistance zones. To do that, I switch to a line chart and I take a look at the 1-year timeframe, it's way easier to define the major...

UnknownUnicorn6734025

Hello ! Key points : Double bottom, cluster of candlesticks on first bottom Narrow range + low (relative) volume Buying pressure on downtrend I'm defining the resistance (previous support) based on the second gap (Gap2), on the distribution area and on the clear 3-candle swing high. To clarify, above the drawed resistance (previous support) we had a...

UnknownUnicorn6734025

Hello ! Key points : Accumulation zone Halfway retracement Volume uptrend > volume downtrend Currently, I feel like there's an accumulation going on. In fact, we have some clues that buyers were strong : 1) we see several spikes in volume 2) the bodies of the candlesticks grew wider the more the trend advanced As you can see, we've had a little...

UnknownUnicorn6734025

Hello ! Key points : Wide range candles in the direction of the trend Pulling back after over-extension Significant support area After a period of consolidation, the double bottom ignites the new trend. We notice how the wide range candles support the trend. On the hourly chart, there's a break of the trendline, a retest and a failed attempt to push...

UnknownUnicorn6734025

Hello ! Key points : Pullback in Traders Action Zone Significant support zone Volume increasing Buyers threatening downtrend ("inverted hammer") For more information about the Traders Action Zone, please take a look at my previous analysis ("Related ideas"). The correction yesterday provided us with quite some opportunities. Just as on the idea I...

UnknownUnicorn6734025

Hello ! Key points : Significant support zone : That zone has been significant since the stock market crash in March. It acted as resistance, aswell as a small consolidation area (02/06 - 03/06). It is showing relative strength : Considering yesterday's correction of the overall market, the behavior of individual stocks tell us how strong they are. Price...

UnknownUnicorn6734025

Hello ! Key points : Double bottom ignites the breakout Breakout from the significant confluence area on high volume Pullback halfway Low volume + indecision As you can see on the chart, that 3.00 zone is important. The stock made a new low and encountered that old level (circled on the left side) as a resistance a few times. The breakout from that zone,...

UnknownUnicorn6734025

Hello, Key points : Ascending channel : clear uptrend ignited by the double bottom Breakaway gap + breakout : psychological shift causing the breakaway gap, buyers still strong Halfway retracement : after a breakout stocks tend to pullback halfway Previous resistance = support The double bottom ignites a new trend and creates the ascending channel....

UnknownUnicorn6734025

Hello ! Key points : Significant zone : that confluence area around 7.00 seems to be kind of special, as you see on the left side of the chart, everything prices dipped below, buyers started getting aggressive and eventually caught up. Bearish momentum fading : the downward movement seemed to be pretty strong, but again, it lost all it's momentum once that...

UnknownUnicorn6734025

Hello ! Key points : The double bottom ignites the breakout Strong breakout, wide candles + high volume to confirm it Breakaway gap, psychological shift Significant support zone (left side of the chart in light blue) Here we are trading another first pullback after breakout pattern. I personally do not short, but this could be a decent short setup from...

UnknownUnicorn6734025

Hello ! Key points : Double bottom Significant support area, also on higher timeframes Bearish momentum is over It looks like the bearish momentum that carried the stock price down is now over. That particular candlesticks tells us that an attempt was made to push the stock further down, but it didn't work out. On the 5-min chart, the interpretation of...

UnknownUnicorn6734025

Hello everybody and welcome, First of all, thank you for the interest you show. The goal of this content, is to empower you with the tools you need to shift your psychology and level up your trading. ---------------------------------------------------------------------------------------------------------------------------------------------- Before we start,...

UnknownUnicorn6734025

Hello ! Key points Triple bottom pattern Price rejection Significant support zone Hourly chart : On that timeframe, we get a confirmation from the price rejection we see on the daily chart. The stock gapped down, triggered stop-losses and panic selling. Afterwards, we see a wide bullish candlestick (kind of "Tweezer Bottom") that has approximately the same...

UnknownUnicorn6734025

Hello ! Key points : Breakaway gap Breakout on high volume First pullback Volume sinks The stock consolidates within an ascending triangle, it gets rejected from that significant confluence zone (circled on the left). It makes higher lows but not higher highs, buying pressure slowly builds up, people gain in confidence and are willing to pay higher...