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http://www.barchart.com/cheatsheet.php?sym=IFXY
The deepest secret for the trader is to subordinate his will to the will of the market. The market is truth as it reflects all forces that bear upon it. As long as he recognizes this he is safe. When he ignores this, he is lost and doomed.
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BarChart Trader's Cheat Sheet $AFSE NITE-LYNX
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The centerline marks the contraction/expansion threshold for the economy. Notice how the red market cycle leads the business cycle. The market turns up and crosses the centerline before the economic cycle turns. Similarly, the market turns down and crosses below the centerline ahead of the economic cycle.
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Traders usually concentrate on charts made up of daily and intraday data to forecast short-term price movements.
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If You Don't understand what a floating candle means, ask or you tube it , just dont buy them unless you are looking for just a day trade , daily floating candles are safer than a weekly floating candle , dont even think about it. Remember always evaluate risk and reward if its less than 70/30 to the reward . Move on
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Conclusion
Identification of key support and resistance levels is an essential ingredient to successful technical analysis. Even though it is sometimes difficult to establish exact support and resistance levels, being aware of their existence and location can greatly enhance analysis and forecasting abilities.
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$CTIX BarChart Trader's Cheat Sheet NITE-LYNX
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There are clear relationships between stocks and bonds, bonds and commodities, and commodities and the Dollar. Knowing these relationships can help chartists determine the stage of the investing cycle, select the best sectors and avoid the worst performing sectors. Much of the material for this article comes from John Murphy's book and his postings in the Market Message at Stockcharts.com.
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Where Is Support Established?
Support levels are usually below the current price, but it is not uncommon for a security to trade at or near support.
Do more of that which is working for you , there are so many different ways to play the market.
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Contrary to this methodology, point
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Day trading is a learned skill, but just as important, I believe that many are predisposed to success or failure before even entering their first trade. The characteristics of each one of us largely determines the number of our successes and the amount of our failures, somewhere in between these numbers exists ultimate success or failure as a trader.
What Is Support?
Support is the price level at which demand is thought to be strong enough to prevent the price from declining further.
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Buy on the rumor, sell on the news is a primary cause of technical price developments, and in many instances, the only “technical analysis” that commentators mention. When you “buy on the rumor” and then “sell on the news,” you stand to make a nice profit on your stocks:
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There were still two more opportunities (days) to get in on the action. On the third day after the breakout, the stock gapped up and moved above 56.
Check Out $DKGR On PennyStock Tweets
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Investor Hub Alerts: Sign up for 'STOCKGOODIES PLAYS OF THE WEEK ' E-Mail List UPDATE; 5-1-22 courtesy of charting /\ wit tweezer top calls /\ Tony @Montana_Trades Really good study sheet on Candlestick Patterns [-chart]pbs.twimg.com/media/FRn8188XMAAdZvk?format=jpg&name=small[/chart]
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