Understanding Charts
Ascending and Descending Triangles
What is an Ascending Triangle? An Ascending Triangle is one of those bullish chart formations that provide the framework to control risk and participate in a potential rally. An ascending triangle is a continuation pattern. … read more Ascending and Descending Triangles
Golden and Death Crosses
What is a Golden Cross? The Golden Cross chart pattern is a bullish technical setup. This pattern is relatively simplistic and easy to recognize but carries the power to indicate a major potential rally. The … read more Golden and Death Crosses
The Basics of Reading Wanderer’s Charts
The Basics of Understanding a Wanderer Chart The first time anyone glances at a stock’s chart their eyes glaze over. It’s a lot of information packed into a small package. And for many, the information … read more The Basics of Reading Wanderer’s 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