FREE Guide: 6 Fibonacci Types that Create the Most Precise Price Levels, Targets, and Reversal Zones

ChartPros Market Insights

May 10 Chart of the Day - Ralph Lauren

May 10 Chart of the Day - Ralph Lauren

Ralph Lauren is an American fashion designer, philanthropist, and billionaire businessman, best known for founding the brand Ralph Lauren (RL), a global multibillion-dollar enterprise.  

The company has been making headlines as its price recently tested all time highs set over a decade ago.

Price is fading now but see where the bulls could step back in and potentially continue making higher highs and higher lows.

Navigating the Markets with Price Action Technical Analysis: Expert Tips for Successful Stocks, Options, Futures, Forex, Crypto, and Commodity Trading

Navigating the Markets with Price Action Technical Analysis: Expert Tips for Successful Stocks, Options, Futures, Forex, Crypto, and Commodity Trading

Price action technical analysis is a popular and effective approach to navigating the financial markets, including stocks, options, futures, Forex, Crypto, and Commodity trading.

This article will provide expert tips and insights to help you successfully trade various financial instruments using price action technical analysis. By understanding and applying these concepts, you can improve your trading skills and potentially achieve greater profitability.

Free Guide: 6 Fibonacci Types that Create the Most Precise Price Targets and Reversal Zones

Free Guide: 6 Fibonacci Types that Create the Most Precise Price Targets and Reversal Zones

Most Fibonacci charts that we see posted on the internet are not drawn or used correctly.

Based on institutional algorithms this Free Guide will explain to you exactly what Fibonacci retracements and extensions are and how they should properly be used on your charts.

Download Your FREE Guide Now - Fibonacci Types that Create the Most Precise Price Targets and Reversal Zones

 

Market Insights Replay: 6 Fibonacci Types that Create the Most Precise Price Targets and Reversal Zones

Market Insights Replay: 6 Fibonacci Types that Create the Most Precise Price Targets and Reversal Zones

You're invited to join ChartPros Founder Tom Winterstein for a dynamic and fascinating presentation hosted by NinjaTrader as he covered the "magic" behind Fibonacci retracements and extensions. 

This was the first time Tom made this presentation since publishing his FREE Fib Guide so you won't want to miss it!

Recorded Thursday November 02, 2023 | 4:30pm ET

Watch Replay Now!

 

This is What I'm Binge Watching this Weekend

This is What I'm Binge Watching this Weekend
I don't watch much TV, I'm not much of a movie person and when I do watch something I typically won't watch it more than once (but yeah I've seen the classics like the original Top Gun and the new one multiple times), I'm not a "gamer" however I would consider myself a binge watcher...

What I Like to Binge Watch:
  • Billions (the hit series on Showtime)
  • Shark Tank
  • Blue Bloods (my dad is a retired police officer)
  • Trading Education Courses...

Yes, Trading Education Courses!

See which ones...

Where are the Markets Heading? August 21 Chart of the Day - S&P 500

Where are the Markets Heading? August 21 Chart of the Day - S&P 500

So often I get asked "Tom, where do you think the market is heading?"

I start by saying the better question is "where could the market be heading?"

Because what I think doesn't matter to price action and no one knows with any certainty where the markets are heading. 

I don't make predictions, I don't call tops/bottoms however, I may react to price when it reaches a predetermined level of interest by trading or investing in that particular index, equity, commodity, Forex, etc.

Let's take the S&P 500 for example using it's futures ticker /ES...

ChartPros partners with New Trader University - Steve Burns

ChartPros partners with New Trader University - Steve Burns

ChartPros has become a New Trader University partner which is led by world renowned trader Steve Burns.

Steve plans to feature and highlight ChartPros expertise with Fibonacci and periodically will provide access to ChartPros free trading tips and price action courses.

May 30 Chart of the Day - S&P 500

May 30 Chart of the Day - S&P 500

While the New York Stock Exchange (NYSE) was closed Monday in observance of Memorial Day the global after-hours electronic trading system (GLOBEX) opened as normal Sunday evening at 6pm eastern time.  And given the US debt ceiling headline news over the long weekend the S&P 500 futures ticker /ES gapped up about 20 points on the open to keep the bulls firmly in control.

On the current ES weekly chart I've only marked it up with Support/Resistance and Trend. Also known as basic structure. In this view traders can see that price often ping pongs between historical levels before proceeding in its next direction.

If you'd like to enroll in the same exact Introduction to Price Action Trading using Support/Resistance and Trend course that I took earlier in my trading career we're offering it at an incredibly low price this week revealed at this link.

Instant Access to FREE Guide: 6 Fibonacci Types that Create the Most Precise Price Targets and Reversal Zones

Instant Access to FREE Guide: 6 Fibonacci Types that Create the Most Precise Price Targets and Reversal Zones

Fibonacci, often referred to as “Fibs”, are one of the most commonly used tools in Price Action Trading for trending markets in helping create measured price movements which can assist you in creating bi-directional future levels of interest and anticipate trend reversal zones.

This free guide will explain to you exactly what Fibonacci retracements and extensions are and how they should properly be used on your charts.