Understanding Charts

Using the RSI

What is the Relative Strength Index? Do you want a technical definition, or do you just want to know how it can be useful? According to Investopedia, the relative strength index, (RSI) is a momentum … read more Using the RSI

Cup and Handle Chart Pattern

Definition The cup-and-handle chart pattern is a bullish technical setup. While there is some interpretation involved, it’s a nice pattern because of its simplicity, and its similarity to a straightforward breakout pattern. In the end, … read more Cup and Handle Chart Pattern

Stock Charting 9—Swing Highs and Lows

What is a Swing? No doubt by now you’ve heard us use the term “swing” as it relates to trading. Typically, we will mention that a stock or index printed a swing low, or we … read more Stock Charting 9—Swing Highs and Lows

Stock Charting 8—The 2B Indicator

The 2B is quite a simple indicator to spot, and indicates/confirms a price reversal is underway. A 2B is formed when a stock’s price approaches a previous high (low). The price exceeds the previous high … read more Stock Charting 8—The 2B Indicator

Stock Charting 7—Gaps

What is a Gap? A gap is simply an open space left on a chart between two candles, where no trading occurs in the middle. It is caused by a sharp move up or down … read more Stock Charting 7—Gaps

Stock Charting 6—Trendlines

Trendlines are an important, and easy way to see what a stock is doing, as well as where good entry and exit points might be. Like all indicators, trendlines give us another clue as to … read more Stock Charting 6—Trendlines

Stock Charting 5—Support and Resistance

Support and Resistance lines are such a basic part of traders lives that we sometimes forget new traders can, and do, struggle with drawing these on their charts. We look at a chart, draw it, … read more Stock Charting 5—Support and Resistance

Stock Charting 4—Understanding Candlesticks

Whether you are reading a book or scanning a stock chart, you first need to know the alphabet in order to understand the information that you are looking at. In the English language, we use … read more Stock Charting 4—Understanding Candlesticks

Stock Charting 2—Basics of Setting Up Your Stock Charts

There are a few basic functions that will make navigating your TradingView stock charts much easier and effective. Let’s check them out us go over a few below. How to create a watchlist of your … read more Stock Charting 2—Basics of Setting Up Your Stock Charts

Stock Charting 1—TradingView Intro

Trading revolves around charting and for the past few years we’ve used TradingView (TV) as our main source. Most brokerages will also offer their own charting programs, but we find that the lack of focus … read more Stock Charting 1—TradingView Intro