and the mystery chart is….IYW

IYW daily

IYW daily

Let me tell you a small secret about history…it sometimes repeats itself and sometimes does not 🙂
Have a profitable day!

Advertisements

How Safe Are Your Technology Stocks ?

Do you believe in the statement “History repeats itself”? You probably do if you trade through technical analysis so lets look back at history.

As shown in the chart below, between Feb and May 2012 A Head & Shoulders Top formed broke down and a 8% drop followed.

"Head and Shoulders", "Head & Shoulders", H&S Top, Topping, "Topping pattern"

First Head & Shoulders pattern

Going forward a very similar H&S Top formed between Aug and Oct 2012 which broke and a 12% drop followed

"Head and Shoulders", "Head & Shoulders", H&S Top, Topping, "Topping pattern"

Second H&S Top

Fast forward June 14th, 2013 guess what pattern formed this time? Yes!! its the Head & Shoulder Top that did not break……yet

"Head and Shoulders", "Head & Shoulders", H&S Top, Topping, "Topping pattern"

Third H&S Top

Right now you are definitely wondering what is the mystery chart?
JOIN Me here again tomorrow Monday one hour before the market opens and I will tell you for FREE
I ask you to please share this post, like it, tweet it or comment because I want the maximum number of people to know


3 Warning signs about Oil prices

Below is the daily chart of Oil traded with USO. Shows (1) 4months H&S bottom inside (2) a triangle.

Image

(3) this triangle is inside another larger one as shown on the weekly chart below. The upcoming trend up or down i really dont care will have a lot of momentum

Image


A World-Class Example of Resistance: Timken (TKR)

TKR is mashed against multi year resistance. This is an optimum level for a short with a high reward to risk ratio.

TKR daily

TKR daily

TKR weekly

TKR weekly


SP-500 Trendline

This trend line is becoming very important 5 touches! A break below 1598 will be significo

spylarge


The Art Of Chart is Born

Hello & Welcome to my new blog

Simply put I will share trade setups and trading strategies through this blog. Mostly pure basic classical charting

Sometimes I may post stocks/ETF on my watch list

I abide by the following 1 simple rule:

-No pattern, No trade

I told you its simple !

Feel free to Like, Comment and Share the blog