Tag: Support and resistance

Light commitments are advised

The Secret To The Donchian System For Fast Profits

5/11/2017

Richard Donchian was a futures trader, that’s credited with creating the popular Donchian Channel Indicator. Richard Donchian is recognized as the father of trend following. The Donchian Channel is formed by taking the highest high of x length of time, and the lowest low of the same x number of days, then marking the region Read More »

Sell Owens Corning For a 17.3% Win

26/10/2017

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ZION Stock

Zions Bancorporation Stock Swing Long Trade Setup

18/07/2017

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Heavy Buying In Cincinnati Bell

4/07/2017

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Marriott International Setting Up Symmetrical Triangle Breakout

25/06/2017

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Amazon Stock Price Moving Higher As Monopoly Expands

22/06/2017

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SPY All Eyes On $242.40 Support

20/06/2017

Keep your eyes on $242.40 support on SPY. The 10 minute chart looks like we’re going back to test this important support level. The Twiggs Money Flow shows heavy distribution took place today so a sell-off is underway. The question is, how deep will the sell-off be? The 10 minute chart shows support at $242.50 Read More »

SPY Chart Forms Inverted Hammer and Looks Ready To Retrace

6/06/2017

The SPY chart has formed an inverted hammer which confirms some type of retracement is underway. The long upper-shadow shows selling and distribution into the upward move. SPY Chart Will this be another headfake like what happened on the Russell 2000? I have added Fibonacci retracement levels on the chart and the important zone to Read More »