Buy / Sell Signals

SWING TRADING (SHORT TERM)
Watchlist and Charts

Watch List	Watch List Charts
Current Positions	Current Charts
Closed Results	Trading Dashboard

4/29/2024  Markets were mixed today after a 3 day up rally. Bonds bounced up a little more. The Techs and Semiconductors were mostly higher.  Most of the Leaders are quickly back up in the Red Zones (probably too late to Buy for the short term), so expect some profit taking tomorrow.

Wait for more Buy Signals soon, coming up out of the Green Zones.  CHARTS  The best moves happen when the S&P 500 Index is also coming up out of the Green Zone.  ______________________________________________________________________________

BUYS TODAY   4/29/2024       NONE TODAY         

BUYS TOMORROW             

 GBTC      GREYSCALE BIT-COIN FUND       Money Wave Must Close in the Green Zone.   

Shop for a better price earlier in the day with Triple Buy Signal, on the same day that a Daily Money Wave Buy Signal will occur.  

BUYS SOON                   

TGT      TARGET CORP.      Money Wave Must Close in the Green Zone. 

Please be patient and Wait for Money Wave Buy Signals.  We will email you when they are ready. Follow on the WATCH LIST.       

Many like to Buy the Swing Trades just before the Close, if the Money Wave is going to create a Buy Signal (Closing > 20 and up out of the Green Zone). Don’t Buy if the Security has already popped up too much. Money Wave Buy Signals are usually good for a 3-6 % move in a few days.

SELLS TODAY     

BVN      BUENAVISTA GOLD      Target was Hit at $17.50 for an 8 % Gain.     

CLSK      CLEANSPARK INC      EXIT if it is going to Close below the Pink line around $17.91.  The Target was already Hit at $19 for a 19.7 % Gain.     

CVNA      CARVANA CORP.     Slipped below the Buy Price and was Stopped Out even.

UBER      UBER TECH      EXIT if it is going to Close below Support of  $67.36.

________________________________________________________________________

DAY TRADING SETUPS.  Today 4 trades for $490.00. Day Trading Alerts are now being sent out on our new Discord Site with Live Chatting. Please install Discord app on your pc or cell for mobile notifications.

Also follow our Trading Room for quick trades. Or look for Triple Buy Pops (3 Green Circles). Big Movers today:  UNG (+6%) IBRX (+25%) & TSLL (+32%).

Try out the Side by Side layout.       DAY TRADING FOR INDICES & LARGE CAPS CHARTS.

Bonds were up today and are Below the Green Line.  

Crude Oil was down  $1.10 today at $82.75.

MY TRADING DASHBOARD 
SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
TRADE ALERTS
STAGE CHART INVESTING
GREEN LINE CHARTS AT STOCKCHARTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
GREEN LINE RULES
ETF SECTOR ROTATION SYSTEM   
New TOP 100 LIST Updated Apr 1, 2024  

* Safer Trades that meet ALL three criteria will be classified as 3 STAR, while trades that only meet two of the three criteria will be flagged as 2 STAR (more risk).     

Related Post

– TGT

Day trading involves buying and selling securities within a single trading day and can be a highly profitable trade strategy if executed with precision and foresight. Recognizing reliable day trading patterns is critical, as they are backed by historical data and technical analysis and offer a framework for identifying potential entry and exit points.

By understanding these configurations, day traders can optimize their trade timings and increase their chances of executing successful trades. This article discusses six patterns that everyday trader should be familiar with to enhance their trading efficacy.

Do Day Trading Patterns Really Work?

Day trading patterns are foundational tools traders use to navigate the fast-paced and often volatile day trading environment. These patterns are theoretical constructs grounded in the psychological and behavioral tendencies of market participants. Recognizing patterns like the Bull Flag and Double Bottom represent recurring trends and shifts in market sentiment that can provide a competitive edge to a trader.

However, pattern effectiveness can vary based on market conditions, trading volume, and external influences such as economic announcements or shifts in monetary policy. While these patterns are instrumental, traders should apply them within a comprehensive trading strategy that includes risk management and continuous market analysis. By integrating these patterns with other analytical tools, traders can enhance their decision-making process and improve the probability of achieving favorable outcomes.

Top 6 Day Trading Patterns You Should Know

Understanding key day trading patterns can significantly impact trading decisions and outcomes. Here are six patterns that are particularly critical for their predictive value and recurrence in the markets.

1. Bull Flag Pattern: Look for a Flag-Shaped Consolidation

Characterized by a strong initial upward trend followed by a downward-sloping consolidation, the Bullish Flag pattern is a continuation pattern signaling potential upward movements. The consolidation phase often features reduced volumes, suggesting a temporary halt in buying activity.

Traders should watch for a breakout above the consolidation’s upper boundary. Such a breakout typically indicates a continuation of the prior uptrend and provides an optimal entry point for long positions.

2. Double Bottom Pattern: Identify Two Troughs

The Double Bottom pattern is a bullish reversal indicator that appears after a significant downtrend, showing two distinct troughs at approximately the same price level. This pattern signifies a strong support level where the closing price fails to drop further, signaling a potential reversal of the prevailing downtrend.

Volume plays a crucial role here, as an increase in volume on the second trough suggests more substantial buying interest and a likely shift in momentum. Traders who identify this pattern can set strategic entry points above the neckline — the peak between the two troughs — with targets set based on the height of the formation.

3. Ascending Triangle Pattern: Look for Higher Lows and a Flat

Typically emerging during an uptrend, the Ascending Triangle pattern forms through higher lows and a flat resistance line, signaling a bullish pattern continuation. This right-angle triangle suggests that buyers gradually overcome sellers by consistently pushing the price up against a steady resistance level.

Confirmation of this pattern comes with a breakout above the resistance, usually accompanied by a spike in trading volume, signaling the continuation of the initial uptrend. Following such a breakout, positioning for upward movement can be highly advantageous.

4. Head and Shoulders Pattern: Identify Three Peaks

The Head and Shoulders pattern, with its three peaks including the highest central “head,” denotes a potential reversal from an existing uptrend to a downtrend. Forming when prices first rise to a peak and decline, followed by a higher peak, another decline, and finally a lower peak, this pattern outlines the completion when prices drop below the support level known as the neckline.

Monitoring for a price breakout below this level is critical as it often marks a sell signal, suggesting a potential for significant downward price movement.

5. Rising Wedge Pattern: Observe Wedge Higher Highs and Lows

The Rising Wedge pattern is typically a bearish reversal pattern that occurs in both uptrends and downtrends. It is characterized by higher highs and higher lows that converge toward a single point, creating a narrowing shape. This pattern suggests that despite the rising price, the upward momentum is weakening as the advances become increasingly smaller, which can demonstrate diminishing buyer enthusiasm and potential exhaustion.

The pattern is confirmed when the price breaks below the lower support trend line. This breakout is often accompanied by increased volume, signaling a reliable entry point for traders expecting the price to decline further.

6. Bearish Engulfing Pattern: Look for a Large Bearish Candle

The Bearish Engulfing pattern is a significant technical indicator of a possible reversal from an uptrend to a downtrend. It occurs when a large bearish candlestick fully engulfs the body of the previous day’s smaller bullish candlestick. This pattern typically forms at the peak of an uptrend, suggesting that sellers have overtaken buyers and a shift in momentum is imminent. The larger the bearish candle, the more significant the potential reversal.

Traders should look for increased volume during the formation of the bearish engulfing candle as it enhances the reliability of the pattern as a strong selling signal, potentially leading to a substantial drop in prices.

Related Post

– Money Wave Alert! Apr 26, 2024

SWING TRADING (SHORT TERM)
Watchlist and Charts

Watch List	Watch List Charts
Current Positions	Current Charts
Closed Results	Trading Dashboard

4/26/2024  Markets were higher today as Bonds finally bounced up. The Techs and Semiconductors were mostly higher.  The Markets were able to have a higher low yesterday, which brought in more Buyers. Try to own Securities mow that are still above the Red Lines (50-day avgs.).

Wait for more Buy Signals soon, coming up out of the Green Zones.  CHARTS  The best moves happen when the S&P 500 Index is also coming up out of the Green Zone.  ______________________________________________________________________________

BUYS TODAY   4/26/2024             

IAU      GOLD FUND         Swing Trade Buy today, but the Volume was not high (2 Star trade).     

SLV      SILVER FUND       Swing Trade Buy today, but the Volume was not high (2 Star trade). 

BUYS TOMORROW             

IBRX      IMMUNITY BIO      Shot up 47% today, but never went into the Green Zone. AVOID.

Shop for a better price earlier in the day with Triple Buy Signal, on the same day that a Daily Money Wave Buy Signal will occur.  

BUYS SOON     NONE TODAY              

Please be patient and Wait for Money Wave Buy Signals.  We will email you when they are ready. Follow on the WATCH LIST.       

Many like to Buy the Swing Trades just before the Close, if the Money Wave is going to create a Buy Signal (Closing > 20 and up out of the Green Zone). Don’t Buy if the Security has already popped up too much. Money Wave Buy Signals are usually good for a 3-6 % move in a few days.

SELLS TODAY     

CAVA       CAVA GROUP INC.      Stopped Out at $69 for an 8.3% Gain.

________________________________________________________________________

DAY TRADING SETUPS.  Today 6 trades for $5.65.00. Day Trading Alerts are now being sent out on our new Discord Site with Live Chatting. Please install Discord app on your pc or cell for mobile notifications.

Also follow our Trading Room for quick trades. Or look for Triple Buy Pops (3 Green Circles). Big Movers today:  CAVA (+11%) IBRX (+47%) & SMCI (+9%).

Try out the Side by Side layout.       DAY TRADING FOR INDICES & LARGE CAPS CHARTS.

Bonds were up today and are Below the Green Line.  

Crude Oil was up $0,07 today at $83.64.

MY TRADING DASHBOARD 
SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
TRADE ALERTS
STAGE CHART INVESTING
GREEN LINE CHARTS AT STOCKCHARTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
GREEN LINE RULES
ETF SECTOR ROTATION SYSTEM   
New TOP 100 LIST Updated Apr 1, 2024  

* Safer Trades that meet ALL three criteria will be classified as 3 STAR, while trades that only meet two of the three criteria will be flagged as 2 STAR (more risk).     

 

HAVE A NICE WEEKEND!

Related Post

– IAU

SWING TRADING (SHORT TERM)
Watchlist and Charts

Watch List	Watch List Charts
Current Positions	Current Charts
Closed Results	Trading Dashboard

4/25/2024  Markets were mostly lower today on continued weak Bonds. The Techs and Semiconductors were mostly higher.  The Markets are trying to have a “Double Bottom” or a higher low soon, which could bring in more Buyers (if it has a successful retest). Try to only Buy Securities that are still above the Red Lines (50-day avgs.), as they normally bounce up first.

Wait for more Buy Signals soon, coming up out of the Green Zones.  CHARTS  The best moves happen when the S&P 500 Index is also coming up out of the Green Zone.  ______________________________________________________________________________

BUYS TODAY   4/25/2024      NONE TODAY         

BUYS TOMORROW             

SLV      SILVER FUND       Wait for Daily Money Wave Close > 20 with High Volume. 

Shop for a better price earlier in the day with Triple Buy Signal, on the same day that a Daily Money Wave Buy Signal will occur.  

BUYS SOON                 

IAU      GOLD FUND       Wait for Daily Money Wave Close > 20 with High Volume.     

IBRX      IMMUNITY BIO      Wait for Daily Money Wave Close > 20 with High Volume. 

Please be patient and Wait for Money Wave Buy Signals.  We will email you when they are ready. Follow on the WATCH LIST.       

Many like to Buy the Swing Trades just before the Close, if the Money Wave is going to create a Buy Signal (Closing > 20 and up out of the Green Zone). Don’t Buy if the Security has already popped up too much. Money Wave Buy Signals are usually good for a 3-6 % move in a few days.

SELLS TODAY     

AMZN      AMAZON.COM     LOWER Sell Stop below $166.32 until it bottoms.

BITO       BITCOIN FUND      Slipped below the Buy Price late yesterday and was Stopped Out even.     

RYCEY       ROLLS ROYCE HOLDINGS      Slipped below the Buy Price today and was Stopped Out even.

________________________________________________________________________

DAY TRADING SETUPS.  Today 6 trades for $1340.00. Day Trading Alerts are now being sent out on our new Discord Site with Live Chatting. Please install Discord app on your pc or cell for mobile notifications.

Also follow our Trading Room for quick trades. Or look for Triple Buy Pops (3 Green Circles). Big Movers today:  BVN (+7%) GOTU (+7%) & TAL (+9%).

Try out the Side by Side layout.       DAY TRADING FOR INDICES & LARGE CAPS CHARTS.

Bonds were down today and are Below the Green Line.  

Crude Oil was up $0,93 today at $83.77.

MY TRADING DASHBOARD 
SWING TRADING CURRENT POSITIONS
DAY TRADING SETUPS
TRADE ALERTS
STAGE CHART INVESTING
GREEN LINE CHARTS AT STOCKCHARTS
ARE YOUR INVESTMENTS ABOVE THE GREEN LINE?
GREEN LINE RULES
ETF SECTOR ROTATION SYSTEM   
New TOP 100 LIST Updated Apr 1, 2024  

* Safer Trades that meet ALL three criteria will be classified as 3 STAR, while trades that only meet two of the three criteria will be flagged as 2 STAR (more risk). 

Related Post

– SLV