Welcome to AmiBrokerAcademy.com.
The website uses powerful charting software, AmiBroker charting software to chart. We use indicators that make sense.
Do spend some time to understand the chart.
Moving Averages
Moving average is a powerful visual tool. Price action bounced above the MAs, when the trend is bullish. Price action bounced below MAs, when the trend is bearish.
Raghee Horner’s 34EMA Wave
Raghee Horner instead of using one moving average, she uses two of the same moving average. She uses the high and low of the price.
Raghee Horner first started publicly sharing the “34EMA Wave” back in 1997 when she started trading e-mini S&P futures. Raghee is a self taught trader. 34 EMA makes up of High and Low of 34 Exponential Moving Averages. The wave look likes a river, it is also called River at time.
Classic Chart Patterns: Gartley’s AB=CD Pattern
AB=CD Pattern Structure, The pattern can be found in all markets on all time frames. The pattern is a measured move where the second leg is “equal” to the first leg. However, it should be noted that the C-D leg can extend and will not always be exactly “equal.”
Parallel Lines Pattern in H M Gartley published book, Profits in the Stock Market
The pattern comes about in 1935, H M Gartley’s book, Profit in the Stock Market. In that book, he describes a chart pattern, Practical Use of Trend Lines, and now known as AB=CD Pattern, or nickname Lightning Bolt (see insert diagram to see why).
Larry Pesavento has published many articles about H M Gartley’s pattern and AB = CD.
Alphabet Inc Stock Analysis
Previously, Google Stock Analysis.
After the peak in July this year, the price action has tested and retested the same level number of time. Can the price action breakout from the level? Sure it can.
Remember, all setup can fail.
October 16, 2015 Alphabet Inc (Google)
What next?
Remember, all setup can fail.
October 16, 2015 Alphabet Inc
Thanks for visiting the website. You can read more about other stock scan and analysis here.
Moses
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