The Three Steps to Every Price Pattern feat. AMZN

Beginners tend to be way too aggressive when they see what looks like a price pattern on the chart! Today I'll share with you the three steps that every investor should follow when using price patterns to minimize bad trades and maximize potential upside on charts like Amazon.
Make sure you watch our previous video covering current price patterns on META, AMZN, and GOOGL: • Can The S&P 500 Move M...
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Dave helps active investors and financial advisors make more informed investment decisions, inject more discipline into their investment process, and enrich relationships with their clients. Feel better about making better decisions!
Dave is the Chief Market Strategist at StockCharts.com, where he helps investors minimize behavioral biases through technical analysis. He is a frequent host on StockCharts TV, and he relates mindfulness techniques to investor decision making in his blog, The Mindful Investor.
He's also President and Chief Strategist at Sierra Alpha Research LLC, a boutique investment research and consulting firm focused on managing risk through market awareness. He combines the strengths of technical analysis, behavioral finance, and data visualization to identify investment opportunities and enrich relationships between advisors and clients.
Dave was previously a Managing Director of Research for Fidelity Investments in Boston, a Past President of the Chartered Market Technician (CMT) Association, and started in the financial industry just after the March 2000 market top at Bloomberg in New York.
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The content in this presentation should not be considered as a recommendation to buy or sell any security. All information is intended for educational purposes only and in no way should be considered as investment advice. Some of the links in this description and in the video may be affiliate links, which means you pay nothing more and it helps me to make Market Misbehavior awesome! As an Amazon Associate, I earn from qualifying purchases. For full disclaimer, please see our website: www.marketmisb...
#MarketMisbehavior #stockmarket #stock #stocks #technicalanalysis #behavioralfinance #equities

[@Rich_792]

Dave, you took a complex issue and showed that if you break it down into small parts, (a check list) it is easier to follow and deal with emotionally. Thanks

[@DKellerCMT]

Thanks so much for the very kind feedback!! D

[@augustoliver2779]

Thank you

[@DKellerCMT]

So glad you enjoyed this one! D

[@1994g0]

Nice job Dave.I really enjoyed the discussion today.Even in day trading, you see this type of pattern occasionally.Until Wednesday, $spx was bounded above by an inta day top of 5523.But on Wednesday the mkt closed at 5537 after hitting 5539.There seemed to be a double or triple top at the 5523 high which we finally suppassed and ,on an intraday level, thus confirmed from at least a day trading standpoint. On another note, in a phenonenom that has occurred now and then recently, the market blasted up on heavy volume in the last tweny minutes or so of trading (from about 3:40-4:00).I wonder why that is happening.These end of day bounces are on high volume.

[@DKellerCMT]

thanks for the very thoughtful comments here!! D

[@JustPhil-yw6bt]

This is helpful info. Thanks. Also I like the plane in your QR code. That's a cool idea.

[@DKellerCMT]

hahaha thanks! That's a zoom in of my company logo D

[@namangupta3481]

Sir can you plz make video on NPDD

[@DKellerCMT]

Not sure what NPDD is? D

[@namangupta3481]

@@DKellerCMT ninety percent downSIDE days around page 348 in CMT LEVEL 1

[@quietStorm247]

Thank you, David, for the excellent tips. I just wish you could control the spammers trying to lead people to other platforms.

[@DKellerCMT]

Unfortunately that is a KZbin issue and I wish they would go away too!! D