#Patterns

Amiras Gandhi Rank: 87 Followers: 8 Votes: 21 Years Member: 1 Last Update: 18 August 2017, 14:25 Categories: Swing Trading
Chart Patterns
Support / Resistance Lines

------------Educational Purposes Only------------
PREREQUISITE:
A stock/etf has to be in a longer term uptrend meaning close has to be above SMA(200) and SMA(50) has to be greater than SMA(200). Avoid if a stock/etf is overextended (close is way higher above SMA 200/PMO is way higher above 0).

ENTRY:
When a stock/etf is under a pullback meaning all EMA bands are either going sideways or down slopping,
Wait for all EMA bands to turn up and PMO line crosses PMO signal.

EXIT:
After your entered a stock/etf using the above method,
1. Wait for all EMA bands to turn down.
(For each combination of x and y, wait for EMA(x) < EMA(y) where x < y. It starts a downtrend.)
OR
2. Get out when EMA(8) gets below EMA(20) from top. (Prioritizing minimum loss)

Less

AAOI

AEIS

AgroFresh Solutions, Inc. (AGFS)

AIA

ALB

AMAT

American Xtal Technology (AXTI)

AMZN

ANET

ATH

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