If you're eager to learn Technical Analysis and read chart patterns the way I do, I'm offering 1-on-1 mentorship. I'll cover both the technical and psychological aspects of the stock market. If interested, send me a DM 📬👉
@23wallstreet
👈
🕯️ Candlestick Patterns for New Traders 🚨
1. Morning Star ☀️: A positive signal! Look for it after a downtrend. It has 3 parts:
Bearish Candle: Signals weakness.
Small Candle: Indication of uncertainty.
Bullish Candle: Shows strength and potential reversal.
Stay cautious of Twitter Gurus boasting constant gains while concealing losses. Embrace a humble and genuine approach, persistently grind, and rest assured that the light at the end of the tunnel will illuminate your path, Peace 🙏
Good Morning Note:
Ever bought a stock, and it tanked right after, but when you sold, it soared? It happens because of buying in greed and selling in fear. Try the opposite: buy during fear and sell when everyone's greedy. It might work better!
Hey everyone, I'm Chuck, and I'll be the first to admit I'm not perfect. I make my fair share of mistakes, and I might seem a bit dull, but one thing you can count on is my passion for sharing chart ideas and helping you all out. Much love to you all ❤️🙏
I know that feelings running after the alerts to make a winning trades, I’ve been there once as a new trader, it sucks, it took me 7 years to be who I am now, maybe it will take you a year or 2, just keep grinding, giving up is not an option!
REMINDER 🔔 :
In my chart ideas where I point out bullish or bearish divergences, please pay attention to the specific timeframes I mention – like the Monthly TF (timeframe), Weekly TF, Daily TF, and 4HR TF. This distinction matters because larger timeframes are geared towards
My 0.7 cent advice : 🚨
New traders, steer clear of earnings plays. Focus on stocks with strong earnings and temporary post-earnings dips📉 – they tend to spring back with promising upside potential. 📈
Breakdown and Retest in Trading 📉
1. Breakdown:
Imagine a price dropping below a significant level, like breaking through a floor it's been holding above for a while. 📉 This is what we call a breakdown. It could be a sign that the price might continue to fall further.
Thread: Trading Using Premarket Highs and Lows
Example ( $GOOG )
1. Premarket highs and lows are price levels set before regular market hours. They can guide trading decisions during the trading day.
2. Identify significant premarket highs and lows as potential support and
$NIO Weekly Chart Update 0.1 💥📈👇
1. Double Bottom Formation ✅
2. Weekly Candle Close - Doji Morning Star ✅
3. Crucial support zone / 7 / Held Well ✅
4. Upper Boundary / resistance / of descending channel tested ✅
5. Hope you caught the move to the upside
NEXT:
A Brief Explanation of MACD 🔔:
MACD, or Moving Average Convergence Divergence, is like a detective for traders. It helps spot changes in a stock's momentum. Imagine you're driving a car – if you suddenly slow down while others speed up, it's a sign something might change ahead.
💥Let's dive into the fascinating story of Takashi Kotegawa, a legendary figure in the world of intraday trading, and uncover some valuable insights for aspiring traders.📈📉
Meet Takashi Kotegawa, a trader extraordinaire hailing from Japan. Known as the 'Bedroom Trader,' his
Thread: Breakout and Retest in Trading 📈
1. Breakout:
Ever seen a price burst above a strong level, like breaking through a ceiling it's been hitting repeatedly? 🚀 That's a breakout! It might suggest the price could keep rising or falling in a new direction.
In trading, we often witness a scenario called a breakout followed by a retest. When a stock breaks out, it means it surpasses a crucial price level, indicating upward potential. However, there might be a temporary pullback, leading to a retest of the breakout level.
MACD Done, let’s get into RSI 🔔:
RSI, or Relative Strength Index, is like a mood meter for stocks. Imagine it's a game of tug-of-war between buyers and sellers. When one side pulls too hard, RSI shows if they're exhausted (overbought) or weak (oversold). It's like checking if
As a beginner trader, I understand the struggles we all face. Here's my simple advice: Clean up your watchlist and focus on just five stocks that you like the most. Avoid the noise and concentrate on studying those stocks.
A Must Read For New Traders🚨
I've got something cool to share: a detailed look at $SPY's 15-minute chart analysis. It covers both yesterday and today, and we're diving into some interesting stuff:
- Candlestick patterns
- Chart patterns like double tops and bottoms
- Flags
$TSLA Weekly Chart 💥📈👇
Price successfully broke out of the bull flag pattern
Formation of the right shoulder within an inverse head and shoulders pattern
Exhibiting characteristics of a W pattern
Let the power W and IH&S be with you
$TSLA Monthly Chart 💥
Currently price forming the right shoulder of inverse head and shoulders pattern
Bull case, you wanna see monthly candle close above 210, 2 more trading days left
Swing low anchored VWAP at 210.64
My 0.5 Cents of Advice:
Life's journey is filled with ups and downs. When things aren't going well, it doesn't mean you're on the wrong path. Challenges are a natural part of life, and they help us grow and learn. Embrace these fluctuations, stay resilient, and keep moving
My 0.1 Cent Advice:
In an uptrend, prices tend to aim for the previous high, while in a downtrend, they aim for the previous low. These points act as targets or reference levels for traders to gauge the market direction.
$NIO Weekly Chart Update 0.1 💥📈👇
1. Double Bottom Formation ✅
2. Weekly Candle Close - Doji Morning Star ✅
3. Crucial support zone / 7 / Held Well ✅
4. Upper Boundary / resistance / of descending channel tested ✅
5. Hope you caught the move to the upside
NEXT:
$NIO Weekly Chart Update 🌟
Price defending the 7 crucial long-term support
Noting Weekly Candle Close - Doji Morning Star
Double Bottom Formation? Why NOT
$NIO 1H Chart Update 🏎️ 👇
Simple S/R Flip ✅
As per 1H chart we have a nice pennant breakout
This is by far one of the cleanest move I've seen in terms of breakout / Retest / Bounce 📈
$BLNK Weekly Chart
Symmetrical triangle pattern, price aiming for a test of lower boundary / support / of symmetrical triangle ( 3 )
Do we bounce from there ?
We shall see
Eliminate the greed inside you, and you will be satisfied with small profits. Eliminate the greed inside you, and you will be profitable over time. Eliminate the greed inside you, and you will gain a clearer perspective. 🧠
$NIO Daily Chart 🏎️ 💥
Rejection at upper boundary ( resistance ) of broadening bottoms formation , price is finally approached the lower boundary, where it closed above with a nice Hammer 🔨 candlestick
RSI sitting 2 points below the OVERSOLD zone and Both RSI and MACD lines
$NIO Weekly Chart 🏎️
Rejection at upper boundary of broadening bottoms formation + swing high anchored VWAP gave us a nice dip / Overall not a good week for EV
The question is - when do we get the reversal ( bounce )?
$TSLA Weekly Chart / A must read 👇
I'm bullrish on Tesla = Neutral
Bullish Case :
1. Inverse head and shoulders / forming the right shoulder
2. Holding right above the crucial S/R flip zone
3. Weekly Bullish Divergence / RSI & MACD lines are EXTENDED to the downside
4. Price
Dear all, each day you wake up with the goal of earning money. May you succeed in your trading journey, remembering that patience is the key to success.
Please note: When I share my chart ideas, my primary focus is to communicate the necessary information visually through the charts themselves. I keep the accompanying text concise and straightforward, aiming for simplicity and clarity.
Today, for the first time, I told my father that out of everything I’ve tried in my life, the stock market and technical analysis are my favorite. He is proud of me.
$PLTR Daily Candle Chart
They say when there is a BREAKOUT , don't panic , don't stress , don't FOMO, because there certainly will be a RETEST, and I reply ok Chupapi Munianio
$JD Weekly Chart 💥📈👇
1. Falling wedge pattern
2. Double bottom formation
3. The wedge is getting super tight
4. Perfect candidate for W play
5. July 31 anchored VWAP 29.37
📈 Understanding Bullish Divergence in Trading
Bullish divergence is a chart pattern used to predict trend reversals in trading. It happens when an asset's price makes lower lows, but an indicator like RSI or MACD forms higher lows.