Using Energy Fields To Predict Breakouts

Amey S — Mon, 29 Jun 2009 16:00:11 +0000

Energy fields? I am pretty sure most of you have never heard about energy fields being used with technical analysis, but it might be something you may take notice of more often now.

With the help of MarketClub, we were able to get this video analysis of gold together. Who knew that we would actually use this as more of a teaching tool.

This video is packed with some pretty interesting content…

Of course, I have already mentioned energy fields, which equivocates to little consolidation breakout patterns. This video also takes a look at the head and shoulder examples.

Take a second to watch this video and see how a professional breaks down gold and uses technical analysis to do it.

Watch video – Energy Fields

SNE Head Shoulder Example

Amey S — Fri, 20 Mar 2009 05:50:53 +0000

We have covered what the head and shoulder chart pattern looks like. Now lets see it play out. The following example is of Sony (SNE): LS = Left Shoulder, H – Head, RS – Right Shoulder.

The price target, which was the measurement from the head to the neckline, of about $4 played out perfectly. If we were playing this stock at the time, then we have waited for the stock to breakthrough the neckline after creating the peak of the right shoulder.

A break below the neck would either tell you that this stock is not a buy and stay away or you would short it using the $4 price target of $16. That neck than becomes a resistance.

Speak Stocks » head and shoulder

Using Energy Fields To Predict Breakouts

SNE Head Shoulder Example