Alternate pivots offer earlier entries when compared to regular pivots.
These pivots are important because:
▪️ They offer the same if not better R/R then regular pivots
▪️ Less volatility around these areas
▪️ Allow you to start positions EARLIER
The best traders take advantage of alternate entries to build positions before a stock becomes obvious to the crowd.
Here are 7 lesser known Chart Patterns that are a MUST in any trader's tool box 🧵👇
Alternate pivots offer earlier entries when compared to regular pivots.
These pivots are important because:
▪️ They offer the same if not better R/R then regular pivots
▪️ Less volatility around these areas
▪️ Allow you to start positions EARLIER
The HVC is created from a big volume gap up.
The close of this day is an important point for institutions to support.
If institutions are in supporting this point, price should be very responsive - making it a great, lower risk entry.
The pivot retest setup happens when price retests the prior support/resistance point & then rallies back through.
This can be a powerful setup as it acts as a 'shakeout' and reverses higher with stronger hands holding the name.
We are looking for stocks that open in the wick of the prior session's bar.
The buy trigger is when price moves through the prior day's high.
The stop loss should be the low of the current day.
The Oops Up Reversal setup is best implemented on a gap down (usually created from a poor close the prior session) that finds demand quickly.
The buy trigger is when price moves through the prior day's low.
The stop loss should be LOD or a defined %.
Hear more on his his trading journey in our interview with him for the TraderLion Podcast 👇
https://t.co/MrEk2aqR5I
The U&R setup usually occurs at the low or bottom of a base or structure.
This is often what we see in William O'Neil's 'Double Bottom' base structure.
Buy Point: Up Through Prior Swing Low
Stop Loss: Low of U&R Day
https://t.co/F9x9ML8qNZ
8 Chart Patterns by William O'Neil
— TraderLion \U0001f981 (@TraderLion_) March 1, 2022
Let's break them down one by one\U0001f9f5 pic.twitter.com/8GCOD75JBd
The Power of 3 pattern is when the 10SMA, 20SMA, & 50SMA are all within 1.5% of each other & price overtakes all three to the upside in one bar.
The Launchpad usually follows this pattern, where the moving averages form a 'launchpad' underneath price.
✅ High Volume Close (HVC)
✅ Alternate Pivots
✅ Pivot Retests
✅ In The Wick
✅ Oops Up Reversal
✅ Undercut & Rally
✅ Power of 3
These patterns work best to the long side when the stock and general markets are uptrending. 📈
If you enjoyed this thread:
1. Follow @TraderLion_ for more content on trading & the stock market.
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The best traders take advantage of alternate entries to build positions before a stock becomes obvious to the crowd.
— TraderLion \U0001f981 (@TraderLion_) April 28, 2022
Here are 7 lesser known Chart Patterns that are a MUST in any trader's tool box \U0001f9f5\U0001f447 pic.twitter.com/DzAdBLaaL5
More from TraderLion 🦁
More from Traderlion
The market’s best investors have made millions from the simple saying:
“Buy right, sit tight”
Sounds simple - but what does “buying right” even mean?
Use TraderLion's 10-Step Ultimate Guide to buying right 👇
By the end of this thread, you'll know how to:
1. Build an objective list of buy criteria
2. Have 10+ real world examples to study
3. Increase your win rate.
4. Increase your profitability
Let's dive in!
Buy Rule #1: The General market must be in an uptrend.
3 out of every 4 stocks follow the market trend both to the upside and to the downside.
This means that if you are buying a breakout in a downtrend, it already has a 75% chance of failing!
It doesn't matter if the stock is in a leading group with an impressive RS line and strong fundamental story.
At the end of the day, market direction is the MOST important factor!
Here's an excerpt from How To Make Money In Stocks by stock market legend William O'Neil:
Here's another video by @richardmoglen that will help you determine if the stock market is in a downtrend:
https://t.co/shD5OjkP6s
Let's move on to #2.
“Buy right, sit tight”
Sounds simple - but what does “buying right” even mean?
Use TraderLion's 10-Step Ultimate Guide to buying right 👇
By the end of this thread, you'll know how to:
1. Build an objective list of buy criteria
2. Have 10+ real world examples to study
3. Increase your win rate.
4. Increase your profitability
Let's dive in!
Buy Rule #1: The General market must be in an uptrend.
3 out of every 4 stocks follow the market trend both to the upside and to the downside.
This means that if you are buying a breakout in a downtrend, it already has a 75% chance of failing!
It doesn't matter if the stock is in a leading group with an impressive RS line and strong fundamental story.
At the end of the day, market direction is the MOST important factor!
Here's an excerpt from How To Make Money In Stocks by stock market legend William O'Neil:
Here's another video by @richardmoglen that will help you determine if the stock market is in a downtrend:
https://t.co/shD5OjkP6s
Let's move on to #2.
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There is co-ordination across the far right in Ireland now to stir both left and right in the hopes of creating a race war. Think critically! Fascists see the tragic killing of #georgenkencho, the grief of his community and pending investigation as a flashpoint for action.
Across Telegram, Twitter and Facebook disinformation is being peddled on the back of these tragic events. From false photographs to the tactics ofwhite supremacy, the far right is clumsily trying to drive hate against minority groups and figureheads.
Be aware, the images the #farright are sharing in the hopes of starting a race war, are not of the SPAR employee that was punched. They\u2019re older photos of a Everton fan. Be aware of the information you\u2019re sharing and that it may be false. Always #factcheck #GeorgeNkencho pic.twitter.com/4c9w4CMk5h
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Declan Ganley’s Burkean group and the incel wing of National Party (Gearóid Murphy, Mick O’Keeffe & Co.) as well as all the usuals are concerted in their efforts to demonstrate their white supremacist cred. The quiet parts are today being said out loud.
There is a concerted effort in far-right Telegram groups to try and incite violence on street by targetting people for racist online abuse following the killing of George Nkencho
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This follows on and is part of a misinformation campaign to polarise communities at this time.
The best thing you can do is challenge disinformation and report posts where engagement isn’t appropriate. Many of these are blatantly racist posts designed to drive recruitment to NP and other Nationalist groups. By all means protest but stay safe.
