December 1, 2017
Apple Inc and ABCD Pattern
A downflow and followed by a down ABCD pattern in the top of the chart. Beside looking at the HM Gartley ABCD pattern, it is also important to check the smaller pattern, see the candlestick pattern. Can you see the Harimi Candlestick Pattern? Plan you trade. Buy or Sell?
The following chart is plot by AmiBroker charting software. AmiBroker is a powerful charting software.
November 30, 2017 Apple Inc and ABCD Pattern
Apple Inc and Fibonacci Levels
See chart, when the price action retrace, you looking for the level the price action will rest and bounce again. Fibonacci Levels are good level to watch, see our example using Apple stock price, the price after move up, it pullback to 50% and continue the trend again. You the price action close above the 0% level, you know it is unlikely the price action will stop here. Look out for where the extension will land. You find the candlestick is such a strong one, its stays above the 127%, followed by test the 168%, finally breakout 200%.
The chart is plot by powerful AmiBroker charting software.
November 30, 2017 Apple Inc and Fibonacci Level
Moses
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.