Determining the levels of interest seems to be a tough thing to do. Not so tough when the action is moving as the result of the completion of the accumulation or distribution setup, but tough on some during the start during the sideways movement of the process of accumulation and distribution. Many people consider these sideways…
Tag: Chart Pattern
KEWLTECH: Issue 019 – Comparative Analysis Part 1
As you know already, the 2 mechanisms that move the market- Accumulation and Distribution, occur in all timeframes. The lower timeframes work to achieve the higher timeframe’s agenda. It is that simple. The problem is when people disregard this relationship. This is when they don’t see the limits of an up move. Primarily the up…
KEWLTECH: Issue 018 – Chart Patterns
It is said that the chart pattern is the psychological representation of the market. Many traders successfully use chart patterns to their advantage. Some only play a particular chart pattern and make a good living out of it. But many experience traders can’t see them till after they have formed. I’m not going to talk…
KEWLTECH: Issue 015 – Trendlines
Support and Resistance are really lateral trend lines. There are trend lines that move diagonally and are the primary components of a wedge. The wedge has a floor and ceiling trend lines. When you combine trend lines in such a manner you get what is known as a channel. TrendStockCharts.com Definition Refers to the direction…
KEWLTECH: Issue 011 – Divergence
DivergenceStockCharts.com Definition A situation that occurs when two lines on a chart move in opposite directions vertically. People often look for divergences by comparing a stock’s direction to the direction of its RSI, its MACD or its Stochastic Oscillator. There are two kinds of divergences: positive and negative. A positive divergence occurs when the indicator…
KEWLTECH: Issue 004 – Falling Wedge
One of my favorite chart patterns is the wedge. There are 2 basic types of wedges. And one of them is a Falling Wedge or a Bull Wedge. FallingWedgeStockCharts.com Definition The falling wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone…