May 18 2022
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Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
If There is Only One Chart This is It
Moses Stock Chart.
Our Believe – Buy Support Sell Resistance.
1) Bitcoin and Year High Low
Price Action reflect the market emotions, it factor in news, buy or sell emotions.
See chart, year 2021 year high is the higher price so far. Price Action test the 2021 year high, it breakout higher, but finally fail and pullback. we can see price action stop at a strong level, a very strong level. Last year January, June and July month low and landed around the same area. After the double top, the price action pull back and close above the strong level.
Price action has finally stop the support, the low of year 2021. Can the support stop the fall? Will see.
If you are a buy and hold strategist, Will you sell now or buy now? Remember only buy near support, and sell near resistance. Wait for the price action draw near either resistance or support before action.
Think Think got more Things
In trading, some predict the up or down the trend. Here, we look for support, strong support to buy. Or take profit when price action test the resistance.
Moses Power Charting
Official AmiBrokerAcademy.com Charting
Disclaimer
The above result is for illustration purpose. It is meant to be used for learning buy or sell signals. We do not recommend for any particular stocks. If particular stocks of such are mentioned, they are meant as a demonstration of Amibroker as a powerful charting software. Amibroker is a charting software, it can program to scan the stocks for buy and sell signals. Or backtest for any trading strategy or technique.
We post script generated signals. Not all scan results are shown here depending on selection criterial. 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.
We learn from many past and present great traders. Kudo to these master.