making the tip of the triangle widen a little, therefore putting the tip of the triangle farther out. The tip of the triangle is now at around Sept. 2, 2025. Technically, the equity or whatever you are trading can exit out of the triangle anytime from 2/3 to 3/4 of the triangle length. Since the half and hour and the one hour indicators are indicating a bullish move, I do not think the market will continue lower tomorrow.
Historically, the markets have gone down in October. I suspect that the SPY is going to keep going up, then retrace briefly until we reach a point where the market decides to go down significantly. Could that be October ... maybe?!? I don't know. I do not have a crystal ball.
But, I drew a trend line from the big drop from Feb to April upward. (see the dotted black line) Coincidentally, this trend line crosses the 1.618 fibinocci threshold in the beginning of October. (indicated by a gold star)
This is just the same information I have posted in my previous charts.
I am a technical trader but I believe the fundamentals drive the market.
I am using the Heikin Ashi candlesticks.
1) They show more of a directional movement within candlesticks.
2) They tend to filter out the market noise so you can see the market direction better.
3) It reduces false signals, allowing you to stay in the trade longer.
4) And, it also gives you a smoother appearance making it easier to see trends and reversals.
But I often switch between regular candlesticks as those are the candlesticks I started trading with and I still do get a little bit of information from the regular candlesticks.
I personally find:
* the 5 minute indicators typically represents what will happen in the next half and hour.
* the 10 minute indicators typically represents what will happen in the next hour.
* the 30 minute indicators typically represents what will happen in the daily.
* and, the hour indicators typically represents what will happen in the next week.
Typically, I would wait until there are 2 green Heikin Ashi green candlesticks before entering.
I still tend to switch back and forth between Heikin Ashi candlesticks and regular candlesticks since regular candlesticks are what I am familiar with and have been using since I started trading.
I use the MacD, the Stock RSI and the DMI to assist me with the direction of the market. I am not perfect at them. I will hopefully try to explain these in future trading charts.
My trading plan only entails me to use 10% of my total account. If I am wrong on this trade, I will not implode my account.
Trade at your own risk, make sure you have stops in place, use a trading plan and only use 10% or less of your account for trading to limit your risk.
Any comments and questions are welcome.... conversation and dialog allows us to learn more.
I am trying to expand outside of the SPY and DIA, so hopefully, I will tackle some other symbols.
Happy Trading everyone!
Historically, the markets have gone down in October. I suspect that the SPY is going to keep going up, then retrace briefly until we reach a point where the market decides to go down significantly. Could that be October ... maybe?!? I don't know. I do not have a crystal ball.
But, I drew a trend line from the big drop from Feb to April upward. (see the dotted black line) Coincidentally, this trend line crosses the 1.618 fibinocci threshold in the beginning of October. (indicated by a gold star)
This is just the same information I have posted in my previous charts.
I am a technical trader but I believe the fundamentals drive the market.
I am using the Heikin Ashi candlesticks.
1) They show more of a directional movement within candlesticks.
2) They tend to filter out the market noise so you can see the market direction better.
3) It reduces false signals, allowing you to stay in the trade longer.
4) And, it also gives you a smoother appearance making it easier to see trends and reversals.
But I often switch between regular candlesticks as those are the candlesticks I started trading with and I still do get a little bit of information from the regular candlesticks.
I personally find:
* the 5 minute indicators typically represents what will happen in the next half and hour.
* the 10 minute indicators typically represents what will happen in the next hour.
* the 30 minute indicators typically represents what will happen in the daily.
* and, the hour indicators typically represents what will happen in the next week.
Typically, I would wait until there are 2 green Heikin Ashi green candlesticks before entering.
I still tend to switch back and forth between Heikin Ashi candlesticks and regular candlesticks since regular candlesticks are what I am familiar with and have been using since I started trading.
I use the MacD, the Stock RSI and the DMI to assist me with the direction of the market. I am not perfect at them. I will hopefully try to explain these in future trading charts.
My trading plan only entails me to use 10% of my total account. If I am wrong on this trade, I will not implode my account.
Trade at your own risk, make sure you have stops in place, use a trading plan and only use 10% or less of your account for trading to limit your risk.
Any comments and questions are welcome.... conversation and dialog allows us to learn more.
I am trying to expand outside of the SPY and DIA, so hopefully, I will tackle some other symbols.
Happy Trading everyone!
交易結束：達到停損點
The market is declining which I should have realized given some of the daily indicators were indicating a bearish move.
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