The battle between the bulls and the bears continues in the S&P 500 with neither side able to gain the upper hand. This choppy trading action will eventually lead to a large move one way or the other. The bulls are betting that we are headed higher and the bears are betting that the economy is going to tank.This new video shares some of the key technical points that are still in play and where the market needs to go in order to break out of the current logjam that it's in.Other Learning Resources:* FREE Trading Educational Videos with Special...
Monday, July 26, 2010
Monday, July 12, 2010
THREE WHITE SOLDIERS - Bullish Candlestick Pattern
Three White Soldiers is a 3-day bottom reversal / bullish reversal formation.It could occur at the end of a downtrend, or during a pullback within an uptrend, or at the support.The appearance of Three White Soldiers pattern signals that higher prices are likely ahead.This pattern is more powerful particularly when it appears after an extended decline followed by sideways movement.Three White Soldiers pattern consists of 3 consecutive long white candlesticks...
Tuesday, July 6, 2010
Market Analysis Video: Determining Potential Downside Target for S&P Market
This new video shows how to use the combined analysis of Moving Average Crossover, Fibonacci Retracement, RSI (Overbought/Oversold), and Chart Pattern (i.e. Head and Shoulder pattern) in trying to predict where the market is moving to and the potential target price.Other Learning Resources:* FREE Trading Educational Videos: Learn Technical Analysis from Award Winning Author John Murphy* FREE Trading Educational Videos with Special FeatureRelated Topics:* Learning Charts Patterns* Learning Candlestick Charts* Options Trading Basic – Part 1* Options...
Friday, July 2, 2010
Trading Educational Video: BEARISH ENGULFING Candlestick Pattern
Japanese Candlestick patterns have been popular and widely used by traders. There are several major Candlestick Patterns which most technical traders should be familiar with, such as: Bullish vs. Bearish Engulfing, Harami Bullish vs. Bearish, Piercing Line vs. Dark Cloud Cover, Hammer vs. Hanging Man, Inverted Hammer vs. Shooting Star, etc.This video shows the real current example for BEARISH ENGULFING Candlestick Pattern in the Nasdaq market. Do watch it to see the more detail analysis and why you should pay attention to this pattern when it appears...
