10 Powerful Technical Chart Formations [PDF]

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Are you identifying chart trends and formations?
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Whether you're new to trading or just need a refresher course, the complimentary Intro to Technical Analysis guide provides the ground-floor basics of technical analysis tools and techniques. With easy-to-understand explanations and clearly marked illustrations using real market charts, you'll want to refer to this guide again and again.

After a short course in the who, what, when, where and why of technical analysis, this guide starts at the beginning with trendlines, then moves on to recognizing chart patterns that can indicate either a continuation or change in the trend. End the mystery about candlestick patterns with explanations and examples of 10 popular formations.

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  • Chart pattern trends with easy-to-understand explanations and real market charts
  • Candlestick patterns with explanations and examples of 10 popular formations
  • Market sentiment and momentum
  • Popular market studies, including Bollinger Bands, MACD and RSI

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Indexes Snapshot
Symbol Last Change %
DJ 30 INDUSTRIALS 21792.20 -653.17 -2.66%
NASDAQ COMPOSITE INDEX (COMBINED) 6192.92 -140.08 -1.93%
S&P 500 CASH 2351.10 -65.52 -2.47%
SPDR S&P 500 234.5200 -6.1800 -2.26%
iShares Russell 2000 ETF 125.92 -2.45 -1.61%
U.S. STOCK INDEXES https://quotes.ino.com/ex?changes/?c=indexes

The March NASDAQ 100 was higher due to short covering overnight as is consolidates some of this month's decline. Stochastics and the RSI are very oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off December's high, the October 23rd-2017 low crossing at 6011.00 is the next downside target. Closes above the 20-day moving average crossing at 6647.55 are needed to confirm that a low has been posted. First resistance is the 10-day moving average crossing at 6461.52. Second resistance is the 20-day moving average crossing at 6647.55. First support is the overnight low crossing at 6015.50. Second support is the October 23rd-2017 low crossing at 6011.00 crossing at 6161.00.

The March S&P 500 was higher due to short covering overnight as it consolidates some of this fall's decline. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off December's high, the May-2017 low crossing at 2359.80 is the next downside target. Closes above the 20-day moving average crossing at 2630.85 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 2547.64. Second resistance is the 20-day moving average crossing at 2630.85. First support is the 87% retracement level of the 2017-2018-rally crossing at 2407.97. Second support is the May-2017 low crossing at 2359.80.



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