May 4, 2019
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Introduction
We are just like any trader, we learn from the guru, we try to master their teaching by keep practicing. We do not invent any trade strategy, as we do not have that kind of insight. You may find the strategy looks familiar. That is correct.
When you find some strategy you are not familiar, that is okay too. As you may have not come across the strategy.
^XOI NYSE ARCA Oil and Gas Index Stock Charting
Study NYSE ARCA Oil and Gas Index stock chart and month high low. Data all the ways to April 207.
See chart, picture worth a thousand words.
H M Gartley ABCD pattern always present in almost every stock chart. Many of the ABCD patterns were so huge till you can not believe. Now we see a very nice AB leg and BC leg. Is the price action in motion for the CD leg? Don’t know. Remember, all setup will only consider fail will the setup did not happen. So, we do suspect that the huge ABCD pattern may complete in a few months time.
In this example, when the price action breakout below 1000 level, the bear tend can be even more real.
Remember, don’t believe in every words we said. Trade with your own analysis. Have fun!
Trade with your eyes open.
Moses Stock Observation
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Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.