ESTC Bullish Retest and Reversal Setup

In this Chart of the Week, I’ll review how ESTC transitioned from a bottom, to up and looks higher.Elastic N.V. (ESTC) has rebuilt its technical structure after an earnings gap, a sharp retracement, and a successful retest of support. The chart now presents a...

Trading When Time Frames Disagree

In this Chart of the Week, I’ll show you the same stock in two different time frames. .The charts are sending different messages, but those messages may be starting to come together.This is one of the most important lessons in Multiple Time Frame Analysis: two time...

A Whipsaw Creates a New Ethereum Setup

Every trader eventually gets caught in a whipsaw. I have experienced plenty of them during my years in the markets.A whipsaw becomes obvious only in hindsight. In real time, the right action is to honor the stop you set before entering the trade. Once price violates...

Can You Trade Higher Priced Stocks

Position Size Controls Planned Trade Risk - Day Trader Pattern PDT Rule Tip BelowYes. A higher-priced stock can be traded responsibly when you have sufficient buying power and determine the risk before entering. The Master Trader Technical Strategies (MTS) process...