Weekly Stock Charts

Jonathan Parsons Rank: 55 Followers: 20 Votes: 8 Years Member: 14 Last Update: 11 November 2017, 5:36 Categories: Chart Patterns
Trend Analysis
Volume Analysis

October 28th 7A Update: What a week! In general, the daily price action was fairly orderly. Outside day, then inside + down which formed another wide price bar day, then inside on Thurs with big earnings on Friday & we go inside + up. All of this daily action formed a outside bar on the weekly which forms a broadening formation on the shorter time frames. So, how to play it? Big outside bars which close in the middle of the range will form inside bars the next day - like 90% of the time, so expect that. When you have inside bars, the indexes aren't moving. If you want to trade, you need to find stuff that is moving or just wait because all the real action will be the next day as that inside bar breaks (up or down). Targets are the upper & lower rails of the broadening formation. I got a bunch of things right this week (gold, dollar, bonds, miners, kweb, lit, etc.), but also some whiffs where I didn't execute well. Always trying to improve for next week.

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