November 12, 2017
HM Gartley ABCD Pattern, Support Resistance, Channel and Moving Average are great tool to reference for trade. See the examples using CBS. Have fun!
CBS Corporation and ABCD Pattern
Picture worth a thousand words, see chart. From a ABCD buy pattern, there is a potential to buy. But be careful, all set up can fail, so monitor the price action for a bullish signal. It would less risk when you take a trade to buy when price cross and close above point B, above 60 dollars .
November 8, 2017 CBS Corporation and ABCD Pattern
Important of Support Resistance – CBS Corporation
In trading basically, we buy low sell high, in other words, buy support and sell resistance. And yet many traders think this is old fashion. See chart below, the price action react to support and resistance and never fail. Of course back to our rule one, all setup can fail.
November 8, 2017 CBS Corporation and Support Resistance
Channel – CBS Corporation
Channel is a next important indicator for trader, it is just like a compass that showing the trend direction. Normally, when a channel is drawn, it will last for a long time. See chart below, the bullish trend started way back in the start of 2016; more than ten months, good or good.
November 8, 2017 CBS Corporation and Channel
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.