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[ATTENTION] My family was the victim of an attack recently and I wasn\'t able to publish a new episode. This is a repost of a popular episode a few months back while we sort things out with law enforcement. Thankfully everyone is okay. Keep us in your thoughts! All love
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\\nIn this episode, I discussed how to use the easiest stock investing tool for new traders (more info below). Remember, as you begin searching for answers to life\\u2019s challenges, don\\u2019t seek security, seek adventure
\\nWelcome to the Market Adventures Podcast where I believe everyone should be able to participate and secure their future using the stock market \\u2013 so I build simplified content to empower and enrich everyone. My name is Alex Cunningham and we live in a society where financial education is not prioritized. Because of this, I\\u2019ve decided to document my journey to creating financial freedom through the stock market for my family and teaching you to do the same.
\\nFinancial freedom can mean something different for each of us and, not surprisingly, there are many different vehicles one can use to get there. It\'s important to understand who you are and what you want when deciding which vehicle is right for you. The stock market is a great vehicle for those who want freedom from the physical and social burdens of traditional business.
\\nIn this episode, you\'ll hear how to utilize this tool to identify potential price patterns on a chart using technical analysis.
\\nHosted By: Alex Cunningham
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\\nSimplest technical tool there is
\\nLine, overlaid on the graph connecting the highest peaks or lowest bottoms of price action
\\nAscending trendline or descending
\\nThe idea: if price breaks above or below the line, a potential change in trend is signaled
\\nValidity
\\nMust connect 2 or more peaks or bottoms. More lines of \\u201ccontact\\u201d the stronger the line (and emotional signature for traders actions)
\\nConnecting the close of bars, not the wicks (extremes)
\\nIndicates points traders were willing to hold their positions vs extremes that didn\\u2019t hold
\\nLength = strength
\\nChange in trend signal doesn\\u2019t mean to act, merely an indication to monitor price action
\\nMay be a complete reversal, consolidation (sideways) or become more aggressive (steeper trends harder to maintain)
\\nPro-tips:
\\nvolume provides a clue to strength of trendline violation
\\nA break with low volume indicates less enthusiasm among traders and potential false breakout, or whipsaw
\\nExtended trendlines: can extend line out past current time period to anticipate movement (not guaranteed though)
\\nSupport becomes resistance
\\nForming channels when possible (trend line above and below a trend)
\\nPotential to trade in-between channel and spot exhaustion at support for reversals
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