Notes

Profitable Trading Using Fibonacci's Retracement
The stock index reached 923.72 on June 15, a 36.5 percent rise in just three months. Bull markets are defined by financial analysts as values rising more than 20 percent from a previous lowest. This is why the recent run-up seems to be good news for stock market investors.

Time commitmentsAnalysis the market and understanding it takes time. bitcoin bullish Don't expect to make profitable trades just because you think the market will move in one direction.

Seasonal Factors Stocks follow a seasonal pattern. Low prices are most common during certain months while high prices tend to occur in other months. The Stock Trader's Almanac can help to determine the seasonal influences. A word of caution. During periods of great shortage or large supply, the seasonal factors are not as dependable because, at those times, prices will stay at high levels for a longer period during shortages, or stay around low levels for a longer period due the large supply which must be reduced.

The Bollinger Bands trending up suggest that the market might become volatile. This suggests that things could turn either way at any given moment.

This pattern has proved to be quite reliable by many traders, and gives a nice indication as to when to enter the market. An "engulfing? click here is when bearish or bullish patterns meet. The current market state indicates that the candle pattern has engulfed another. The market is now in a situation where it can go either bearish (or bullish) as both are currently present. This pattern will reveal the market's future direction once it is complete. A bullish trend is when a currency is at its lowest (or valley), rather than a bearish one at its highest point.

The stronger the trend reversal signal, the bigger the second-day candle. If it is a large bullish candle it means that bulls are in complete control. If it is a large bearish candle it means that bears are now fully in control.

You want to see both moving averages pointing in a clear direction, either up or down. This will give you confidence in the trend. I normally look at the daily as well as the 4 hour, however, this will work for any timeframe. Your chances of winning a trade will increase if the higher time frames also point in the same direction. If they are pointing in the opposite direction, that is a good indicator that a clear trend is still to develop.
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