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Daily Candlestick Chart for SANP
[img]stockcharts.com/c-sc/sc?s=SANP
Dollar and Commodities
While the Dollar and currency markets are part of intermarket analysis, the Dollar is a bit of a wild card. As far as stocks are concerned, a weak Dollar is not bearish unless accompanied by a serious advance in commodity prices. Obviously, a big advance in commodities would be bearish for bonds. By extension, a weak Dollar is also generally bearish for bonds. A weak Dollar acts an economic stimulus by making US exports more competitive. This benefits large multinational stocks that derive a large portion of their sales overseas.
What are the effects of a rising Dollar? A countries currency is a reflection of its economy and national balance sheet. Countries with strong economies and strong balance sheets have stronger currencies. Countries with weak economies and big debt burdens are subject to weaker currencies. A rising Dollar puts downward pressure on commodity prices because many commodities are priced in Dollars, such as oil. Bonds benefit from a decline in commodity prices because this reduces inflationary pressures. Stocks can also benefit from a decline in commodity prices because this reduces the costs for raw materials.
Daily Candlestick Chart for MAXE
[img]stockcharts.com/c-sc/sc?s=MAXE
$BLSP BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=BLSP
Daily Candlestick Chart for KNSC
[img]stockcharts.com/c-sc/sc?s=KNSC
$LIQT BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=LIQT
Daily Candlestick Chart for CTCC
[img]stockcharts.com/c-sc/sc?s=CTCC
$PFNO BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=PFNO
$GFPOF BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=GFPOF
Where Is Resistance Established?
Resistance levels are usually above the current price, but it is not uncommon for a security to trade at or near resistance. In addition, price movements can be volatile and rise above resistance briefly. Sometimes it does not seem logical to consider a resistance level broken if the price closes 1/8 above the established resistance level. For this reason, some traders and investors establish resistance zones.
Daily Candlestick Chart for NYXO
[img]stockcharts.com/c-sc/sc?s=NYXO
$DIET BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=DIET
Daily Candlestick Chart for GPCM
[img]stockcharts.com/c-sc/sc?s=GPCM
$RFMK BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=RFMK
Charts ~ The Basics
Even though many different charting techniques are available, one method is not necessarily better than the other. The data may be the same, but each method will provide its own unique interpretation, with its own benefits and drawbacks. A breakout on the point
$SFBR BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=SFBR
Daily Candlestick Chart for NTRR
[img]stockcharts.com/c-sc/sc?s=NTRR
Introduction to Chart Patterns
There are hundreds of thousands of market participants buying and selling securities for a wide variety of reasons: hope of gain, fear of loss, tax consequences, short-covering, hedging, stop-loss triggers, price target triggers, fundamental analysis, technical analysis, broker recommendations and a few dozen more. Trying to figure out why participants are buying and selling can be a daunting process. Chart patterns put all buying and selling into perspective by consolidating the forces of supply and demand into a concise picture. As a complete pictorial record of all trading, chart patterns provide a framework to analyze the battle raging between bulls and bears. More importantly, chart patterns and technical analysis can help determine who is winning the battle, allowing traders and investors to position themselves accordingly.
In many ways, chart patterns are simply more complex versions of trend lines. It is important that you read and understand our articles on Support and Resistance as well as Trend Lines before you continue.
Chart pattern analysis can be used to make short-term or long-term forecasts. The data can be intraday, daily, weekly or monthly and the patterns can be as short as one day or as long as many years. Gaps and outside reversals may form in one trading session, while broadening tops and dormant bottoms may require many months to form.
$ERBB BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=ERBB
Daily Candlestick Chart for TIPS
[img]stockcharts.com/c-sc/sc?s=TIPS
Daily Candlestick Chart for DUSS
[img]stockcharts.com/c-sc/sc?s=DUSS
Analyst Bias ~ Weaknesses of Technical Analysis
Just as with fundamental analysis, technical analysis is subjective and our personal biases can be reflected in the analysis. It is important to be aware of these biases when analyzing a chart. If the analyst is a perpetual bull, then a bullish bias will overshadow the analysis. On the other hand, if the analyst is a disgruntled eternal bear, then the analysis will probably have a bearish tilt.
$DIAAF BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=DIAAF
Daily Candlestick Chart for RNGG
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$PHOT BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=PHOT
Daily Candlestick Chart for TUCN
[img]stockcharts.com/c-sc/sc?s=TUCN
Too Late ~ Weaknesses of Technical Analysis
Technical analysis has been criticized for being too late. By the time the trend is identified, a substantial portion of the move has already taken place. After such a large move, the reward to risk ratio is not great. Lateness is a particular criticism of Dow Theory.
Daily Candlestick Chart for VDSC
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$UNDY BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=UNDY
Daily Candlestick Chart for MHCC
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$SOPW BarChart Trader's Cheat Sheet
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Daily Candlestick Chart for HBRM
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$MNGGF BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=MNGGF
Daily Candlestick Chart for SMXMF
[img]stockcharts.com/c-sc/sc?s=SMXMF
$IMKI BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=IMKI
Daily Candlestick Chart for CTSO
[img]stockcharts.com/c-sc/sc?s=CTSO
$SELR BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=SELR
Daily Candlestick Chart for ASAGF
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Daily Candlestick Chart for SUGO
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Daily Candlestick Chart for MYEC
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$KKPT BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=KKPT
Daily Candlestick Chart for BFCF
[img]stockcharts.com/c-sc/sc?s=BFCF
$NEGS BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=NEGS
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![]() ![]() ![]() 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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02-07-2021
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