5 Revised Pattern Scan Lesson Basics For New Subscriners To Trending123.com (This Is A Free Tool For All Subscribers)
How To Set Up Email Alerts, And Track Portfolio Stocks Or Stocks On Your Watch List!
Video Update
Basic pattern scan features drop down menu for pre-defined bullish or bearish events.
Classic Patterns
Classic is a term used to refer to a group of patterns that typically have a longer-term horizon (greater than 12 days) and which have distinct price swings such that the price swings form distinctive patterns. The names of classic patterns often reflect the shape of the formation such as the Double Top, Double Bottom, Head and Shoulders Top, Ascending Triangle and so on.
Short-term Patterns
Short-term patterns are based on the shape and relationship of the candlestick(s) or price bar(s) representing one or multiple consecutive trading days. This includes patterns such as the Hanging Man and the Gap Up. The technical event is the confirmation that the pattern has formed in the price bar(s). These technical events are useful for suggesting possible short-term price movement. They are also useful for supporting or refuting the possible price movement suggested by classic patterns. Short-term patterns are often considered as supplementary information.
Indicators
Indicators that are currently supported are based on moving average calculations.
Oscillators
Oscillators are based on mathematical formulas that incorporate historical or recent prices of the stock.
When looking for new LONG trading ideas, consider the following U.S. stocks which have recently formed a bullish classic chart pattern. We have selected stocks with a minimum 3.00 close price and a minimum 500,000 trading volume. Their patterns are at least 35 days long. The instruments listed below are ordered with the most recent patterns first, and within a particular date, the instruments are sorted using Recognia's proprietary algorithm and then by trading volume, with the highest volume first.
Classic patterns are recognized by price swings that form distinctive patterns on the stock's price chart. The names of classic patterns often reflect the shape of the formation such as the Double Bottom, Ascending Triangle and so on. Accepted principles of technical analysis indicate that classic patterns may provide insight into the outlook for the equity's price. We have selected patterns that define a target price range. The duration of the pattern signifies the time horizon for the anticipated price move: the longer the pattern, the longer the time horizon to reach the potential target price.
When looking for new SHORT trading ideas, consider the following U.S. stocks which have recently formed a bearish classic chart pattern. We have selected stocks with a minimum 5.00 close price and a minimum 500,000 trading volume. Their patterns are at least 35 days long. The instruments listed below are ordered with the most recent patterns first, and within a particular date, the instruments are sorted using Recognia's proprietary algorithm and then by trading volume, with the highest volume first.
Classic patterns are recognized by price swings that form distinctive patterns on the stock's price chart. The names of classic patterns often reflect the shape of the formation such as the Double Bottom, Ascending Triangle and so on. Accepted principles of technical analysis indicate that classic patterns may provide insight into the outlook for the equity's price. We have selected patterns that define a target price range. The duration of the pattern signifies the time horizon for the anticipated price move: the longer the pattern, the longer the time horizon to reach the potential target price.
Message Board Post
John............many thanx for re-recording the stv tutorial...it should be listed as lesson number one for all! You have so much info on the site that I am still trying to get thru it all...
every step of the way has opened a new door and made me another dollar, One quick example....we used the scanner, (set it up for the 4/8/19 charting) bought 4 options based on the results and picked up a quick $1000.00 in just 4 days.
(I've got to clear some of the junk out of one of my accounts and I swear it will trade nothing but T123 recommendations)
When you set up the option plays.......you would have thought I had died and gone to heaven....I love to trade options and when I signed up I was hoping to get some good trading ideas to play options off of....
Now you got me from hello! It don't get no better than this!!
Thanx a ton for opening this old dogs eyes to some new tricks!
Duck
