The Moving Average Fake-Out uses three moving averages to confirm established trends and provides a reliable way to join the path of least resistance. Learn: Moving Average Fake-Out These three stocks have risen steadily in their weekly charts. The color of the moving averages in the charts below changes according to their slope. The look-back […]
Trading with Kings, Truth, and Bollinger Bands
If you skim through Elaine Knuth’s Trading Between the Lines: Pattern Recognition and Visualization of Markets, you might mistake it for a book on archaeology and meteorology, with a dose of mythology. On a closer look, it is a colorful description of trading methods. The Valley of the Kings and Place of Truth are Egyptian […]
9/30 Trading Setups on AET & OMC
The 9/30 trading setup is one of the most popular trading setups we have reviewed. Read: 9/30 Trading Setup These two setups are the conservative version of the strategy which requires the setup bar to move completely below the 9-period exponential moving average. 1. 9/30 Trade Setup on AET The daily chart of Aetna Inc (AET) […]
Moving Average Fake-Out On CMCSA Daily
CMCSA Big Picture – Moving Average Fake-Out This is a daily chart of CMCSA (Comcast). It has been in a strong upwards trend for a long period. Price got into deeper pullbacks as accumulation took place. The steeper trend lines show that trend accelerated after the deep pullbacks. CMCSA Small Picture – Moving Average Fake-Out This […]
Evening Star Candlestick on EXC Daily
EXC Big Picture Exelon Corporation (EXC) is in a downwards trend. The downwards sloping trend line shows the bear trend holding up. The major swing pivots worked well to resist bullish price movements. EXC Small Picture – Evening Star with Moving Average This is a close-up daily chart of EXC. The orange line is the […]
HMA Wave on NSC Daily
NSC Big Picture – HMA Wave NSC is trending up after breaking out of a long-term range. From the bottom of the range, price has trended upwards. The only deep retracement was at the top of the long-term range. Price broke out of the range with a gap followed by a strong bullish day. The […]
