You're Probably Reading Candlestick Charts WRONG 💥 DAY 3 | Small Account Challenge
Published: 2024-09-16
Status:
Available
|
Analyzed
Published: 2024-09-16
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
A stock price is predicted to reverse and decline ('roll over') after a series of increasingly smaller longbody green candles, indicating trend exhaustion.
"what's typically going to happen here is we're going to roll over"
Pending
A stock's uptrend is predicted to reverse if a candle of indecision (doji) appears after a significant price increase, with confirmation if the next candle is red.
"a candle of indecision after a stock has just made a 5 10 15% squeeze up indicates that a reversal may be coming the confirmation would be if the next candle is red"
Pending
Large topping tails on a candlestick are bearish indicators, suggesting an upcoming price reversal as sellers pushed the price down from its high.
"topping Tails like this are bearish they're bearish because sell while buyers brought the the stock up sellers pushed the price back down so they indicate a reversal may be coming"
Pending
If a dragonfly doji occurs at the top of an uptrend, signifying an initial reversal and then a recovery, the stock is predicted to often experience a second, even higher, wave of upward movement.
"it actually confirms that the reversal began and then reversed and when it continues higher often that you get a second wave even higher"
Pending
If a dragonfly doji appears at the bottom of a downtrend, it signals a reversal is starting, and the stock is expected to have a further upward correction.
"this tells us the reversal is already beginning and then there's our first candle that makes a new high and we look for a correction even further up"
Pending
Stocks with a float of less than 10 million shares, combined with a strong catalyst, are predicted to make significant price moves due to limited supply.
"when I see a stock on my scanners that has a float of less than 10 million shares I'm already thinking all right this is something that has a very limited level of Supply that means with a strong Catalyst it can make a big move"
Pending
A doji candlestick appearing after a period of small red (selling) candles is predicted to indicate a potential reversal in stock price.
"what if right here we saw a dogee what would we expect might happen next we might think this could be a reversal indicator"
Pending
Following a confirmed reversal (e.g., a green candle breaking the high of a previous candle), the stock price trend is predicted to continue its upward movement.
"what I'm now predicting is that this was the reversal this is the first candle to make a new high and now the trend is making its way back up"
Pending
After a stock with breaking news experiences a pop and subsequent pullback, the price is predicted to move higher following a reversal signal.
"when we look here we're already predicting what's going to happen we're thinking all right we have a stock that has breaking news it's popped up we're in on a pullback right here and what are we looking for well we're looking for this to move higher"
Pending
Moving averages are predicted to act as psychological support when the price is above them and declines towards them, and as psychological resistance when the price is below them and rises towards them.
"a moving average becomes a level of psychological support when a price is above it and it comes down to it it also is a level of psychological resistance when the price is below it but comes back up to it"
Pending
A trading setup relying on a strong 10-second chart is predicted to fail if the corresponding 5-minute chart indicates poor performance.
"if you have a phenomenal 10-second chart but the 5 minutes garbage the chart probably won't work"
Pending
A trading setup with a strong 5-minute chart is predicted to still be effective, even if the 10-second chart shows poor performance.
"if you have a phenomenal five minute chart in the 10 seconds garbage the stock will probably work anyways"
Pending
A stock's price is predicted to exhibit bullish sentiment when above the Volume Weighted Average Price (VWAP) and bearish sentiment when below it.
"what I find is that when the stock is above vwap it's bullish when it's below vwap it's bearish"
Pending
The 9-period moving average is predicted to typically be higher than the 20-period moving average, with the exception of quick reversals or corrections when it may dip below.
"the nine is always going to be higher than the 20 except when you get a quick reversal when you get a quick correction"
Pending
The author predicts an average weekly profit of $1,000, factoring in an expectation of not finding optimal setups daily and potentially experiencing one losing day per week.
"I'm figuring $1,000 a week and the reason I figure that is because I don't think I'll find a great setup every single day and I'll probably have a red day maybe once a week"
Pending
Focusing on high-quality setups is predicted to decrease trade quantity but increase accuracy, initiating a positive feedback loop of improved profit-to-loss ratio, consistency, self-confidence, larger share sizes, and bigger profits.
"by focusing on high quality setups the quantity of Trades will go down but the accuracy will go up and you know what that creates a positive feedback loop"
Pending
Traders failing to exercise caution are predicted to enter a negative feedback loop, characterized by low accuracy, poor profit-to-loss ratio, inconsistency, low self-confidence, leading to desperation, frustration, and spiraling losses.
"if you're not careful you can find yourself on a negative feedback loop and that's what I've seen for so many Traders they get themselves on negative feedback loop where they trade with low accuracy they have low profit loss ratio they have poor consistency they have poor self-confidence and they start getting desperate they start getting frustrated and they start spiraling"
Pending