Harmonic Patterns are a type of complex patterns that occur naturally in financial charts based on geometric price action and Fibonacci levels. The patterns were introduced to the trading world by Harold McKinley Gartley in 1932. Gartley created a pattern which he named after himself and outlined in his 1935 book, Profits in the […]
A bottom-up investing methodology focuses on analyzing individual companies initially before evaluating a stock-sector and the economic outlook. This differs from a top-down approach where an analyst would evaluate the macroeconomic environment first, and then focus on a sector before analyzing an individual stock. Bottom-up investors will first evaluate specific financial metrics, as well as […]
Table of Contents Pennant Chart Pattern: How To Identify What Is a Bull Pennant Pattern? Why the Bull Pennant Pattern Matters for Day Traders Anatomy of a Bull Pennant Pattern The Flagpole The Pennant Consolidation The Breakout Bull Pennant vs. Bull Flag: What’s the Difference? How To Identify a Bull Pennant Pattern in Real Time […]
What is Support and Resistance? Support and resistance is a stock market concept which gained steam in the 1800s and early 1900s. The idea is that certain price levels have significant imbalance of supply and demand, and serve as market turning points. In plain English, a support level is a price level where buyers […]
One of the things why day trading for a living has a strong appeal for many people is the fact that you can do it anytime and anywhere, without a manager or boss breathing down your neck. You can trade from home or even while traveling, thanks to advances in technology. And, in addition to […]
Predicting market movements with chart patterns is one of the most effective tools for making trade decisions. Chart patterns are pure price-action and the basis of underlying buying and selling pressure. They are formed by support and resistance levels, as well as by more complex versions of trend lines. Patterns have a proven track record, […]
Top-down investing is a forecasting approach that evaluates the broader macro picture before drilling down to look at the finer details. A macro forecasting approach is one where you might first look at global economic growth and factors that analyze global trends before looking at the investment thesis for an individual asset. A top-down approach […]
The bump and run reversal pattern is an advanced chart pattern that helps traders spot the end of a trend and the start of a new one. Below we will go over what the pattern looks like and tips on how you can trade it. What is the bump and run reversal pattern? The […]
The Post-COVID rally has been tremendous after bottoming out in March 2020. However, is it here to stay or is this just a setup for another sell off? Post-COVID Rally On the first of the year, if I told you how the first six months of 2020 were to unfold, I think you’d be […]
The Morning Star might have unpleasant Biblical connotations, but it’s an important bullish pattern for day traders to look for. The Morning Star is a signal that a downtrend could be nearing its end and a reversal to the upside could be on the horizon. On the other hand, the Evening Star is the Anti-bull, […]
