«The Art of the Reversal webinar looms.»
Traders,
Our upcoming YouTube webinar takes a deep dive into how price trends reverse. It’s called The Art of the Reversal. Coach Matt will be at the helm, teaching you everything you need to know about how to spot, analyze, and trade the various reversal patterns that end (and begin!) trends.
This week’s Tackle Today messages will focus on a few key principles you need to know to prepare your minds for what’s bound to be a power-packed presentation. Let’s start with the cycle of price trends.
In technical analysis kindergarten, they teach you that a trend in motion stays in motion. And that’s true. But the trend is only your friend until the end. At some point, perceptions shift, and an uptrend tops. All the good news gets priced in. Often, traders take prices too far, and then when reality fails to live up to the lofty expectations, a re-pricing occurs. When uptrends peak, it’s usually a process that forms topping patterns.
The same phenomenon happens in a downtrend. We assume the descent will continue when prices are below major moving averages and carving out lower pivot highs and lows. But, eventually, the bad news gets priced in. Sellers get exhausted, bottom fishers enter the fray and prices bottom. When downtrends trough, it’s usually a process that forms bottoming patterns.
These bottoming and topping formations collectively are known as “reversal patterns.” Master chart readers who can spot them see yellow lights or warnings signs that allow them to make timely adjustments.
🛑 Upcoming Webinar › Technical Analysis 101: The Art of the Reversal with Coach Matt Justice | April 11th at 8:30 PM EST on YouTube
Join Tackle Trading on the next Technical Analysis webinar where Coach Matt Justice is going to take a deep dive into how price trends reverse. It’s called The Art of the Reversal. You will learn everything you need to know about how to spot, analyze, and trade the various reversal patterns that end (and begin!) trends.
✅ Read the blog here.
✅ Get the FREE e-book here.
Video of the Day: Gino’s Gems – 6 Ways To Speed Up Your Thinkorswim (TOS)
In today’s Gino’s Gems, Coach Gino Poore teaches how to speed up your Thinkorswim (TOS).
Chart of the Day: Nasdaq Bulls Charge ($QQQ)
The Nasdaq is leading the charge Monday morning as tech stocks form a higher pivot low. This is as good a start to the week as we hoped for. Friday’s low is now the new line in the sand. Stay above it, and the daily uptrend remains intact.
Today’s line up
Traders Lounge 11 AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only Matt and Tim can deliver.
Weekend Reports
Watch the Stock, Options, Commodity, and Forex Reports to help you prepare for the week.
Financial freedom is a journey
Sign up now and gain unfettered access to all of the quality content and powerful Scouting Reports that our Pro Members enjoy for 15-days absolutely free with no strings attached and let us show you what your trading has been missing.
Legal Disclaimer
Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.
All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.
