Overview Renko Chart Trading The S&P 500 $SPX had another chance to retest the 4,380 resistance level today, but it failed. It was unable to rise beyond 4,380 and finished the day in the red. According to Renko chart trading patterns and technical analysis, the ascending trendline running from 3270…
Month: September 2021
Use Renko Chart for Profitable Trading and Investing
What is a Renko chart and how does it work? Renko charts are a type of trading chart that eliminates minor price fluctuations, allowing traders to concentrate on the big picture. They’re comprised of Renko bricks that move at a 45-degree angle to each other up and down. A Renko…
SP 500 Renko Chart Trading and Technical Analysis 9/22/21
Overview Renko Chart Trading Today, the SP 500 $SPX had a chance to retest some resistance levels, including 4,380, 4404, and 4,422, but 4,404 proved to be a difficult resistance level to overcome on the first attempt. It couldn’t hold on to its gains and concluded the day below the 4,400…
SP 500 Renko Chart Trading and Technical Analysis 9/21/21
Overview Renko Chart Trading Today, I’m switching to $SPX. The SP 500 $SPX had a good start today, but it couldn’t hold on to its gains. The day ended up being a flop. The ascending trendline extending from 3270 to 3774 has been broken, according to Renko chart trading patterns…
SP 500 Renko Chart Trading and Technical Analysis 9/14/21
Overview Renko Chart Trading Today’s SP 500 FUTURES had a strong start, but it couldn’t maintain its gains. In the end, the day was a flop. According to Renko chart trading patterns and technical analysis, the ascending trendline running from 3234 to 3750 is approaching the 4,410 level. The bullish…