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 3—Wanderer Financial’s Trade Indicator
We find that it’s a lot easier for Wanderer subscribers to follow along with what we are discussing if we are all using the same charts. Fortunately, Tradingview makes that easy for us. All you … read more Stock Charting 3—Wanderer Financial’s Trade Indicator
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