Akamai Technologies Inc. reports earnings today with a solid start to a bottoming formation with Dark Pools' and then Pro traders’ footprints. The stock is currently at a completion level for the short term bottom. A Shift of Sentiment™ pattern formed between October and January. AKAM moved lower before finding the final low support from a previous Dark Pool Buy...
VECO is reporting earnings today. The stock has been slowly trending up out of a wide short term V bottom formation that is incomplete at this time. Swing traders should find short term bottoms early in the development to plan a low-risk swing-style entry ahead of earnings news. The current candlestick pattern is taught in the TechniTrader Swing Trading...
In the screencast, I give a little story first about someone (not from Tradingview) who enquired about buying into NVDA. My simple "No" wasn't received with much enthusiasm. What happened in ULTA is a lesson for people interested in NVDA.
Many of the educational posts out there are mere examples of past chart patterns that have already completed themselves. Which this is an excellent way to study data and to help predict future movements, it tends to create over-confident traders. As many of us know that there is no 100% guarantee to any chart pattern. However many people, myself included,...
-- HOW TO FIND MARKET BOTTOMS -- Here we see that btcusdlongs/btcusdshorts gets a huge spike upwards while bitcoin itself is going down. Similar to RSI, this is a classic divergence that shows that people don't feel safe holding shorts any longer and/or want to go long and catch the bottom. With a btc/usd overlay it's very easy to see how during previous btc...