Crime Scene
By LawrenceThe price where a significant move started. e.g. the resistance before break out to the upside or the support before break out to the downside
Trading Edges That Last
By LawrenceOnline Series
- You May Also LikeA Wedge in chart often points to weaknesses in current expansion direction. It is a common reversal setup. A Falling Wedge is a chart formation with lower high and ...READ MOREOption expiration (Op Ex) week is known to cause more intraday volatility in the stock market indices. See its Survival Guide for more information.READ MOREA price spike thru an important price level and then immediately snap back and bounded by the price level again. For example, a stock can spike through its 20-week highest close ...READ MOREMeasured move is a highly structured price movement that consists of 2 swings in the same direction with a pause in-between. Detailed explanation can be find in this articleREAD MORETriple green is an old saying among many equity traders who trade equities in US stock markets. On old monitors, the instruments are displayed in green when they are ...READ MOREMany people use simple moving averages as a way to tell the direction of the markets they trade. More interestingly, however, are bots built around these moving averages that can ...READ MOREInverse Head and Shoulder is the upside down chart pattern of Head and Shoulder. Contrary to popular subjective usage or description, IHS should not have its right shoulder dropping below ...READ MOREDaytraders from the old days mostly are floor traders. They did not have access to charts, or pretty much nothing else. Having pre-calculated price levels derived from previous trading day, ...READ MOREA terminal pattern for downtrend. Bearish version of this pattern is known as Wyckoff Up Thrust. Detailed explanation of W. Upthrust can be found in this articleREAD MOREA terminal pattern for an uptrend. Detailed explanation can be found in this articleREAD MORE
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