Here’s one for the lesson books – Square (SQ) had a euphoric or parabolic rally that gave way to the all-but-inevitable snap-back crash straight into a key support price. Here’s the Euphoric Rise that gave way to the Stellar Collapse: Square (SQ) is a new stock that you may not have traded yet but it’s…
Today’s intraday V-Spike Reversal gives us a chance to study the set-up to trade an intraday reversal and not get trapped on the wrong side of a rapid movement. Let’s highlight the pattern and pinpoint the higher timeframe support level from which it logically developed: A large gap-down often suggests the early development of a…
I’m so excited to join the line-up of expert traders who will be presenting various strategies for you all day Friday! I’ll be discussing my favorite Trend Day Recognition and Trading Tactic – how to spot and profit from Trend Days – at 3:15 EST (right before market close) so be sure and register now…
While new traders aren’t encouraged to fight/fade trend in motion, there are specific setups that increase the odds to successfully catching an intraday trend reversal. Let’s see a few examples from today’s textbook trend reversal: We started the day with another rally up away from the 2,475 critical pivot (that I’ve correctly been highlighting to…
Under Armour (UAA) is currently in a Distribution and Mark-Down phase, but how did we get here and why is this stock a textbook example of the Life Cycle of a Stock Movement from Accumulation to Distribution? Let’s take a look at where we are and how price got here: The Founding Fathers of Technical…
Ford (F) gives us plenty of educational examples of how a market sets up a trend reversal and the stages price goes through ahead of these excellent opportunities, especially for swing and even intraday traders. Let’s take a moment to study this perfect progression for our educational resources: Before we step inside this chart, take…
If you’re a big fan of technical analysis and bear flags like I am, you’ll love Ford (F) right now. We’re seeing price in a downtrend rally toward a critical resistance pivot in a Bear Flag… and then break (collapse?) beneath the trendline this morning after falling from the resistance pivot. It’s a great lesson…
Is THIS the actual Big Bullish Breakout for BIDU? After a nasty Bull Trap tricked traders in May, price held support in the lower rising triangle trendline, keeping the pattern in play. After three weeks (so far) in a row above the falling triangle trendline, is THIS a valid break? Let’s take a look: If…
General Electric continues to struggle with a breakdown to new swing lows this morning. We’ve been discussing this “Rounded Arc” pattern as seen from our July 10 post “GE Struggles with Weekly Arc Lower.” Today, we’re seeing a resolution of that arc with continued downward momentum in price. Here’s the latest developments: This morning price…
Foot Locker (FL) collapsed from the highs, turning the trend quickly from up to down (bull to bear). How’d it happen and what specific steps did price take ahead of the reversal? Let’s use FL as a quick study in modeling long-term trend reversals: Foot Locker gives us a textbook study in trend progression. Trends…