EU50 bullish channel recognition?


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S&P500 Prepare to sell

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Sell as soon as the price breaks the gray with target the lower part of the channel. MACD Divergence gives us the green light to try a small sell against the trend: never fight the trend. At this point the most probable movement are the prices breaking the gray to get around the lower part of the channel to then rise up, ignoring the macd divergence (small divergence) OR the price breaking the gray and than breaking the lower part of the channel; sometimes when they end a long trend they do a fake fast break on the upper part with small volumes: that would be another signal of inversion. Larger view
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USA500 wait for test in T1

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MACD divergence usually apperas before a change in the trend. Wait for the prices to go back in the T1 zone and look for the test: because of the MACD divergence prices may break the support. Buy only if the test on the support is positive, otherwise look the break of the support for a pullback. If the pullback is positive that become a good area to sell.
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Elemets of a stock chart

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If you are used to see stock charts from the movies you may be confused looking at the charts used in this blog: In this article I will explain the bare minimum to understand what you are seeing, in later articles I will explain in detail every element of the chart. First of all: where is the price line? The chart that we use for   technical analysis  (but we should call it statistical analysis   of the price progression ) are an evolution of the line charts.  This is how a line chart looks like: It is done connecting with a line the price point of every single time frame. For example if the time frame is a day you can have a point at the price of the stock for that day and then connect every point: This is good but not the best: every time frame, let's say every day, the prices move up and down, how can you make a decision about which price use as point for the day?  You can use the closure price or the average or the weighted average ...
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