Technical indicators are important in investing. These indicators are used in candlestick analysis to spot buy or sell points. 1. Moving Averages (MA) and MACD (Miving Average Convergence Divergence). MA and MACD indicate price trends and its potential reversals. When the MACD line crosses above signal line, it’s a buy signal, and vice versa. 2. Bolinger Bands. When the stock price touches or breaks the upper band, it signal overbought (potential sell), and vice versa. 3. Volumn Indicators (On-Balance Volume). Volume indicators measure the strength of a price trend based on its trading volume. Rising OBV indicates increasing buying pressure (potential buy), while falling OBV indicates selling pressure (potential sell). 4. Relative Strength Index, 5. Fibonacci Retracememt, 6.Average True Ra
Replying to @1PC:😂😂//@1PC:Is it [Glance]...I think 🤔 can add some more [Chuckle]. ✋ ✋//@1PC:I usually use candlestick, support & resistance, (sometimes Fibonacci), SMA, Volume, RSI & MACD as a base [Happy]. In between I might add-on Left Side trading condition or pattern when it appears. I wouldn't say which one Indicator works best but rather the grouping selection is a more stronger read 😁 @JC888 @Barcode @koolgal
Technical analysis is an art as much as it is a science. So, ot is not surprising that sometimes they have differing opinion. I look at the moving average for 50 day and 200day as well as RSI to determine if it is oversold. If the stock is oversold, my risk is lowered if I choose to buy now, provided that the fundamentals remain sound. I normally will buy if it is below the moving averages and oversold and down by 5-10% for volatile stocks or 2-5% for ETFs. I am no expert with technical analysis and this current technique that I use have worked well for me. I normally sell once my target price has been reached or a set value of potential profit has been reached. Similarly, if the stock is overbought based on the RSI due to for example good news, I would take profit. However, if I believe t
There is so much to learn. I knew about the long downward candle and the rejection of the lower price but thanks for the other signs of a reversal. Keep up the good work.
Replying to @Michane: @SPACE ROCKET @Barcode how abt sharing yours? [Happy]//@Michane:These are good learning points for me & I presume it's candlesticks on a yearly chart. Definitely love to check the support zones however I won't be able to tell just by judging the candlestick alone. My chart would definitely have the RSI & this feature called "Autoclimate" which is something I had when I joined Tradewithufos
These are good learning points for me & I presume it's candlesticks on a yearly chart. Definitely love to check the support zones however I won't be able to tell just by judging the candlestick alone. My chart would definitely have the RSI & this feature called "Autoclimate" which is something I had when I joined Tradewithufos
I will look at volume, the auction price at pre-opening and the next few minutes trading. Thereafter, market depth to determine my target price. @MHh @melson @rL @Universe宇宙 @Wayneqq
Replying to @1PC:Bro! You almost used up whatever parameters are available for stock. [Surprised][Serious][Gosh][Sweats][OMG][Doubt][Chuckle][Chuckle][Chuckle][Salute][Applaud]👍🤣😅😂//@1PC:I usually use candlestick, support & resistance, (sometimes Fibonacci), SMA, Volume, RSI & MACD as a base [Happy]. In between I might add-on Left Side trading condition or pattern when it appears. I wouldn't say which one Indicator works best but rather the grouping selection is a more stronger read 😁 @JC888 @Barcode @kool
I usually use candlestick, support & resistance, (sometimes Fibonacci), SMA, Volume, RSI & MACD as a base [Happy]. In between I might add-on Left Side trading condition or pattern when it appears. I wouldn't say which one Indicator works best but rather the grouping selection is a more stronger read 😁 @JC888 @Barcode @koolgal @DiAngel @Shernice軒嬣 2000 @Shyon @Aqa
I usually use candlestick, support & resistance, (sometimes Fibonacci), SMA, Volume, RSI & MACD as a base [Happy] In between I might add-on Left Side trading whe
🌟🌟🌟The best technical indicators are those that simplify decision making without overwhelming the chart. 1.Moving Averages (MA) : Its purpose is to identify trend direction & potential reversals. Types : Simple Moving Average (SMA) : smooths price over time. Exponential Moving Average (EMA) : reacts faster to recent price changes. Eg : A 20 EMA crossing over a 50 EMA can signal a Bullish trend. 2. Relative Strength Index (RSI) : Purpose is to measure momentum & identify overbought or oversold conditions. Scale: 0 to 100. Above 70 is overbought. Below 30 = oversold. 3. On Balance Volume (OBV) Purpose:to track volume flow to confirm price trends. Rising OBV with rising price = strong bullish trend. I would use 3 complementary indicators - 1 trend, 1 mom
I usually rely on daily candlestick charts and EMA trendlines to guide my buy or sell decisions. Since my focus is mid to long term, daily candles help filter out intraday noise and give a clearer view of overall momentum and trend direction. This suits my style better than quick short-term trades. When I analyze setups like this, I pay close attention to how price reacts around key EMAs such as the 25-day and 50-day. A strong bounce from these levels, especially with bullish candlestick patterns like long lower shadows, often signals institutional support and a potential reversal. I also check if EMAs are sloping upward & price is holding above them, which usually confirms a bullish trend. I don’t rely on lower time frames because they tend to give too many false signals. Instead, I
Technical indicators are key in investing. Every day, we see people sharing all kinds of indicators to spot buy or sell points.Today, let’s do a quick test: Look at this candlestick chart. You have just 5 seconds—would you choose long (buy) or short (sell)?✅ Correct answer: long (buy)Why go long? Let’s look at it from different angles:1.Institutional Money Logic (Smart Money Concepts)Price first spikes up to clear orders, then pulls back to the “price gap” area.The support zone below is a good buying point. Price is now rebounding, but keep an eye on the second support zone. If it breaks, buying pressure is weak, and the long logic fails.2.Candlestick AnalysisDrawing lines connecting highs and lows shows possible stop points. The second-to-last candlestick touches the support line but does
🌟🌟🌟The best technical indicators are those that simplify decision making without overwhelming the chart. 1.Moving Averages (MA) : Its purpose is to identify trend direction & potential reversals. Types : Simple Moving Average (SMA) : smooths price over time. Exponential Moving Average (EMA) : reacts faster to recent price changes. Eg : A 20 EMA crossing over a 50 EMA can signal a Bullish trend. 2. Relative Strength Index (RSI) : Purpose is to measure momentum & identify overbought or oversold conditions. Scale: 0 to 100. Above 70 is overbought. Below 30 = oversold. 3. On Balance Volume (OBV) Purpose:to track volume flow to confirm price trends. Rising OBV with rising price = strong bullish trend. I would use 3 complementary indicators - 1 trend, 1 mom
Technical analysis is an art as much as it is a science. So, ot is not surprising that sometimes they have differing opinion. I look at the moving average for 50 day and 200day as well as RSI to determine if it is oversold. If the stock is oversold, my risk is lowered if I choose to buy now, provided that the fundamentals remain sound. I normally will buy if it is below the moving averages and oversold and down by 5-10% for volatile stocks or 2-5% for ETFs. I am no expert with technical analysis and this current technique that I use have worked well for me. I normally sell once my target price has been reached or a set value of potential profit has been reached. Similarly, if the stock is overbought based on the RSI due to for example good news, I would take profit. However, if I believe t
Technical indicators are important in investing. These indicators are used in candlestick analysis to spot buy or sell points. 1. Moving Averages (MA) and MACD (Miving Average Convergence Divergence). MA and MACD indicate price trends and its potential reversals. When the MACD line crosses above signal line, it’s a buy signal, and vice versa. 2. Bolinger Bands. When the stock price touches or breaks the upper band, it signal overbought (potential sell), and vice versa. 3. Volumn Indicators (On-Balance Volume). Volume indicators measure the strength of a price trend based on its trading volume. Rising OBV indicates increasing buying pressure (potential buy), while falling OBV indicates selling pressure (potential sell). 4. Relative Strength Index, 5. Fibonacci Retracememt, 6.Average True Ra
I usually rely on daily candlestick charts and EMA trendlines to guide my buy or sell decisions. Since my focus is mid to long term, daily candles help filter out intraday noise and give a clearer view of overall momentum and trend direction. This suits my style better than quick short-term trades. When I analyze setups like this, I pay close attention to how price reacts around key EMAs such as the 25-day and 50-day. A strong bounce from these levels, especially with bullish candlestick patterns like long lower shadows, often signals institutional support and a potential reversal. I also check if EMAs are sloping upward & price is holding above them, which usually confirms a bullish trend. I don’t rely on lower time frames because they tend to give too many false signals. Instead, I
Replying to @1PC:Bro! You almost used up whatever parameters are available for stock. [Surprised][Serious][Gosh][Sweats][OMG][Doubt][Chuckle][Chuckle][Chuckle][Salute][Applaud]👍🤣😅😂//@1PC:I usually use candlestick, support & resistance, (sometimes Fibonacci), SMA, Volume, RSI & MACD as a base [Happy]. In between I might add-on Left Side trading condition or pattern when it appears. I wouldn't say which one Indicator works best but rather the grouping selection is a more stronger read 😁 @JC888 @Barcode @kool
Replying to @1PC:😂😂//@1PC:Is it [Glance]...I think 🤔 can add some more [Chuckle]. ✋ ✋//@1PC:I usually use candlestick, support & resistance, (sometimes Fibonacci), SMA, Volume, RSI & MACD as a base [Happy]. In between I might add-on Left Side trading condition or pattern when it appears. I wouldn't say which one Indicator works best but rather the grouping selection is a more stronger read 😁 @JC888 @Barcode @koolgal
Replying to @Michane: @SPACE ROCKET @Barcode how abt sharing yours? [Happy]//@Michane:These are good learning points for me & I presume it's candlesticks on a yearly chart. Definitely love to check the support zones however I won't be able to tell just by judging the candlestick alone. My chart would definitely have the RSI & this feature called "Autoclimate" which is something I had when I joined Tradewithufos
I usually use candlestick, support & resistance, (sometimes Fibonacci), SMA, Volume, RSI & MACD as a base [Happy]. In between I might add-on Left Side trading condition or pattern when it appears. I wouldn't say which one Indicator works best but rather the grouping selection is a more stronger read 😁 @JC888 @Barcode @koolgal @DiAngel @Shernice軒嬣 2000 @Shyon @Aqa
These are good learning points for me & I presume it's candlesticks on a yearly chart. Definitely love to check the support zones however I won't be able to tell just by judging the candlestick alone. My chart would definitely have the RSI & this feature called "Autoclimate" which is something I had when I joined Tradewithufos
There is so much to learn. I knew about the long downward candle and the rejection of the lower price but thanks for the other signs of a reversal. Keep up the good work.
I will look at volume, the auction price at pre-opening and the next few minutes trading. Thereafter, market depth to determine my target price. @MHh @melson @rL @Universe宇宙 @Wayneqq
I usually use candlestick, support & resistance, (sometimes Fibonacci), SMA, Volume, RSI & MACD as a base [Happy] In between I might add-on Left Side trading whe