382 subscribers
Go offline with the Player FM app!
A Powerful Pattern for Price Pullbacks (Day Trader Tips)
Manage episode 437679299 series 2362208
In this video, I explore the technical nuances of the rising wedge pattern, a crucial tool for traders aiming to anticipate price pullbacks and avoid false breakouts. The rising wedge, although counterintuitively bearish, serves as a signal to remain patient during market surges. By analyzing Tesla's stock, I demonstrate the practical application of this pattern, documenting its predictive power and limitations. My analysis underscores the importance of understanding market patterns to enhance trading decisions, emphasizing that no pattern guarantees success but instead offers a probabilistic edge in trading. I encourage you to study this pattern further on your chosen charting platform to see how it plays out in real market conditions.
379 episodes
Manage episode 437679299 series 2362208
In this video, I explore the technical nuances of the rising wedge pattern, a crucial tool for traders aiming to anticipate price pullbacks and avoid false breakouts. The rising wedge, although counterintuitively bearish, serves as a signal to remain patient during market surges. By analyzing Tesla's stock, I demonstrate the practical application of this pattern, documenting its predictive power and limitations. My analysis underscores the importance of understanding market patterns to enhance trading decisions, emphasizing that no pattern guarantees success but instead offers a probabilistic edge in trading. I encourage you to study this pattern further on your chosen charting platform to see how it plays out in real market conditions.
379 episodes
All episodes
×

1 I YOLO’d!…1 Trade, Max Size 12 NQ Contracts.. (part 3 prop firm challenge) 26:11


1 Part 2 of the YOLO Prop Firm Futures Trading Challenge! 30:43


1 Futures Prop Firm YOLO Trading Challenge! (thanks Sam!) 28:46


1 Futures Trading vs. Options Trading: The Big Difference! 10:19


1 How to Wisely Start Trading Futures (no PDT rule!) 15:45




1 A Common Complaint Against Technical Trading Charts 9:15


1 Futures Trading 101: Finding YOUR Comfort Level 12:46


1 Futures Trading: Doing Dumb Things (and learning…) 15:38


1 OHLC Bar Charts Explained (Technical Analysis 101) 9:08






1 How to Find Good Entry Points (Day Trading) 13:29




Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.