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Rocket Trades – Trade Fearless. Basic Technical Analysis. Complied by Team “ROCKET”. Market Keeps moving from One stage to another in Following Order Accumulation >> UPTREND >> Distribution >> DOWNTREND. MARKET STAGES. Market Stage ONE.

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slide1

Rocket Trades – Trade Fearless

Rocket Trades - Trade Fearless

basic technical analysis

Basic Technical Analysis

Complied by Team “ROCKET”

Rocket Trades - Trade Fearless

market stages
Market Keeps moving from One stage to another in Following Order

Accumulation >> UPTREND >> Distribution >> DOWNTREND

MARKET STAGES

Rocket Trades - Trade Fearless

market stage one
Market Stage ONE
  • This stage follows after a severe downtrend (stage 4), which is usually characterized by extreme fear.
  • Sellers are losing dominance quickly and bulls are gaining momentum. But at the same time Both buyers and sellers are in a relative equilibrium.
  • On a chart, the first hint of the beginning stage 1 is a break of major resistance (refer to support and resistance section). Usually, range bound trading follows.

Rocket Trades - Trade Fearless

market stage two
Market Stage TWO
  • During accumulation phase (Stage 1), professional traders are usually getting out of their short positions
  • Therefore, Markets enter into stage 2 uptrend, when bulls gain dominance and are able to push prices beyond the range bound trading characterized in stage 1.
  • On a chart, the stage 2 is characterized by a series of higher lows and higher highs.

Rocket Trades - Trade Fearless

market stage three
Market Stage THREE
  • As stage 2 uptrend progresses, professional traders are with long positions. Eventually, the market reaches a point, when there are no more buyers left to buy at still higher prices.
  • A sell off follows and when there is a break of major support, the market enters stage 3 distribution phase.
  • This market environment is characterized mostly by uncertainty similarly as stage 1.

Rocket Trades - Trade Fearless

market stage four
Market Stage FOUR
  • Stage 4 completes the entire cycle. After a break of major support, we can consider stage 2 uptrend over.
  • Stage 4 usually lasts shorter and is more severe than stage 2 uptrend.
  • The reason is that fear (Stage 4) is more powerfully motivating emotion than greed (Stage 2).

Rocket Trades - Trade Fearless

market stage summary
Market Stage SUMMARY
  • Stage 1: Accumulation phase - Buy and Sell
  • Stage 2: Uptrend - Buy only !
  • Stage 3: Distribution - Buy and sell
  • Stage 4: Downtrend - Sell only !

Rocket Trades - Trade Fearless

various kind of supports
Various Kind of SUPPORTS
  • First level of support is previous 3-5 bar`s low.
  • Second level of support is minor Support (mS): area of overlapping bars directly to the left of current prices.
  • Third level of support is Major Support (MS): it is a pivot low: bar with higher lows on both sides. Major support develops only after a prior high is overcome.

Rocket Trades - Trade Fearless

various kind of resistance
Various Kind of RESISTANCE
  • First level of resistance is previous 3-5 bars’ high.
  • Second level of resistance is minor Resistance (mR): area of overlapping bars directly to the left of current prices.
  • Third level of resistance is Major Resistance (MR): it is a pivot high: bar with lower highs on both sides. Major resistance develops only after a prior low is overcome.

Rocket Trades - Trade Fearless

hidden divergence trading rules
Hidden Divergence Trading RULES
  • There was a clear up trend leading up to our trading setup, which is crucial for continuation trades.
  • To find hidden divergence, pay attention to the last low of MACD. Once MACD descends past it, you turn your attention to price. If price is above the last swing low, you have a hidden divergence. However, if price continues down below the last swing low, the hidden divergence becomes invalid.
  • After the hidden divergence, we had a reversal bar that showed its strength as it turned into an outside bar. We entered a tick above its high for a nice swing upwards.

Rocket Trades - Trade Fearless

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Rocket Trades – Trade Fearless

Rocket Trades - Trade Fearless