learn stock trading Archives - Quantum Trading Education

Apple faces possible triple top pattern

June 11, 2024 by David Coulling Comment Closed

Candle and chart patterns are an important aspect of volume price analysis, but it's also important to recognize that some have a higher probability of playing out. For example, double and triple tops & bottoms have a high probability of playing out, which we have seen on the Apple weekly chart. First, we had the double top, with the stock subsequently rebounding from the deep valleys at the $168 area. However, as we can see on the weekly chart above, Apple now faces the possibility of a triple-top. This results from Apple's failure to take out the highs of the double top peaks at $199 and yesterday's daily close of a bearish engulfing candle in high volume does not bode well for the stock. Interestingly, yesterday's price action was against the background of Apple's new announcements at the WWDC24 (Worldwide Developers Conference), where the focus was on AI & the integration with ChatGPT. Based on comments in my X-feed, the jury...

SPX & SPY at critical support & resistance levels

August 11, 2023 by Anna Coulling Comment Closed

Key support and resistance levels coming into play as the S&P500 and, by extension, the SPY pull back in their journey to test the January 2022 all-time high. As we can see from the chart, the potential pullback was signaled by narrowing spreads on equal volume over three weeks at the $460 level. This level is also reasonably strong, as evidenced by the thickness of the Quantum accumulation and distribution indicator. The indicator increases in size each time the price action touches the level and fails to break through. We can use these levels in a number of different ways, as potential targets, potential areas for reversals (as here), and stop placement as they are created by the market. Our Stock Trading and Investing Program will be launched in the next few weeks. If you would like more details, please sign up here: https://bit.ly/3uCSxf5 By Anna Coulling ...

Volume and price analysis for Meta (Facebook)

March 16, 2023 by Anna Coulling Comment Closed

Most traders and investors get very frustrated with consolidation phases of price action on a chart, but as VPA students, we know these zones are the spawning ground of trends. One such example can be found on the daily chart for Meta (formerly Facebook), which has risen over 60% YTD. This turnaround in fortune has been driven in part by strong retail inflows at the beginning, but the groundwork was laid in December, as we can see on the daily chart. The charts in this post are from my TradingView account, and we can see immediately the accumulation during this timescale with the accumulation and distribution indicator (blue hatched) thickening as the phase developed, confirming it would provide a strong platform of support for any move higher. Note also the yellow pivots in the consolidation, which helped to define the highs and lows. On the weekly chart, we can see the vpa lessons and how the outermost support line of the...

Looking at sectors at the start of the new trading year

January 12, 2022January 12, 2022 by Anna Coulling Comment Closed

https://www.youtube.com/watch?v=ySWE6vTo-fI&ab_channel=QuantumTradingIndicators A look at sectors at the start of the new trading year with a view to using them for stock selection, a topic we will be returning to in more detail in future sessions. Also a brief mention on market internals which we will be integrating with volume price analysis. Vpa anomalies are also explained in detail with a great example from the daily chart of Robinhood which has taken a beating since its IPO last year where it touched a high of $90. However, we have seen some strong buying coming in at the $15 region confirmed on a three candle vpa anomaly. In the webinar, we also considered the NQ (Emini futures for the Nasdaq) following Monday's dramatic price action. ...