TECHNICAL CLASS of trading Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
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Long #SJS for Swing TradingThe stock has been consolidating in a rectangular pattern for the last 7 months. Yesterday i.e. on (02/06), it has broken out of the horizontal resistance boundary of the rectangle. It is reasonable to construe that a directional up move will ensue post this breakout. Risk: Reward is mentioned on the chart.
#CRUDEOIL #OIL Ascending Triangle could resolve upwardsMCX Crudeoil has been moving sideways but creating higher lows - this is an ascending triangle pattern that should now give a 1:2 Risk Reward ration - not the best R:R , but a good pattern to trade
Look for price to rally upclose to 3000 if it stays above 2900