What is the Golden Pocket for a Stock?
Are you familiar with the Golden Pocket for stocks? If not, you’re in the right place. In this short [What is the Golden Pocket for a Stock?] video 🎥, we’ll break down the concept of the Golden Pocket and how it can benefit your stock investments.
Firstly, the Golden Pocket is a specific area on a stock chart, between the 0.618 and 0.65 Fibonacci retracement levels. Fibonacci retracement levels are a technical analysis tool that uses the Fibonacci sequence to identify potential support and resistance levels in a stock’s price.
So, why is the Golden Pocket so important? It serves as a key level for a stock to bounce back from a downtrend and continue its upward movement. This makes it a valuable tool for investors, as it presents a good buying opportunity.
A successful bounce back from the Golden Pocket can signal a potential uptrend, making it a good time to buy the stock. However, if the stock breaks below this level, it could indicate a further downtrend.
It’s important to keep in mind that the Golden Pocket is just one of many tools used in technical analysis. It’s always essential to do your own research and consult with a financial advisor before making any investment decisions.
🔴 Please also Join us in the BeachBum Trading Community by Subscribing to the BeachBum Trading YouTube Channel at 👉 https://www.youtube.com/c/BeachBumTrading?sub_confirmation=1 and Please Click the Bell Icon 🔔 so that You are Notified and Never Miss an Episode of BeachBum Trading. All for FREE.
🎥 RELATED VIDEOS 📟
🎥 What Are Pivot Points? 👉 https://youtube.com/shorts/TG7JAMa_b9M
🎥 What is a Support Level for a Stock? 👉 https://youtube.com/shorts/PnhLX221e3M
🎥 What is a Resistance Level for a Stock? 👉 https://youtube.com/shorts/MfFKwg9fjDY
🎥 What Indicators Do You Use The Most? 👉 https://youtu.be/4hJ6VMo2wPw
🎥 Webull Pivot Points | How To Turn On the Pivot Points Indicator in Webull 👉 https://youtube.com/shorts/dXn_qjESmq4
🎥 How To Create a Watchlist in Webull 👉 https://youtu.be/8ash0u8vhdU
🎥 How To Maintain a Watchlist from the Stocks screen in Webull 👉 https://youtu.be/hF8Zx51PikQ
🎥 How To Quickly and Easily View a Stock Chart from a Watchlist Stock in Webull 👉 https://youtube.com/shorts/5JPhxH-NNNE
🎥 You may / Please see 👀 All of the BeachBum Trading videos in the [Beginner’s Guide to Trading] YouTube Playlist, All for FREE, at 👉 https://www.youtube.com/playlist?list=PLH_4RiO370FPYA5Cln3KP6QG4E8etG6Bk
👉 Please find and Watch 👀 All of the BeachBum Trading Shorts 🎥 videos, All for FREE, at 👉 https://www.youtube.com/@BeachBumTrading/shorts
🎥 This [BeachBum Trading] Short was “Powered by” 🛠️ VEED. Generate Your own Text-To-Speech, etc. videos 🎥 quickly & easily with VEED at 👉 https://ift.tt/6vVOf1G
🧰 TRADING TOOLS 🧰
🛠️ Webull – Get FREE stocks with Webull 👉 https://bit.ly/3jKfvw5
🛠️ E*TRADE – Use our link and we both get rewarded! 👉 https://bit.ly/3zP6rvB
🛠️ FinViz 👉 https://bit.ly/3h7r8M3
🛠️ ChartMill 👉 https://bit.ly/3By9g4X
🛠️ TD Ameritrade thinkorswim® [TOS] 👉 https://ift.tt/HUojBGR
🛠️ Seeking Alpha 👉 https://ift.tt/8y2Ppde
📈 TRADING PLATFORMS 📈
✅ Webull – Get FREE stocks with Webull 👉 https://bit.ly/3jKfvw5
✅ E*TRADE – Use our link and we both get rewarded! 👉 https://bit.ly/3zP6rvB
✅ Public Investing 👉 https://bit.ly/3M5eACK (Referral Code: MichaelSDeVries)
#GoldenPocket #Fibonacciretracement #Fibonacciretracements
👀 BeachBum Trading on Social Media 👀
🌐 To See 👀 any Daily Changes to our Watch List(s), “Real Time Alerts” 📣 of our Buys, aggregated News on our current Positions, etc., … Please watch / keep an eye 👀 on the Comments section of this video, below, and/or … Please also Follow BeachBum Trading on:
👉 Patreon at: https://ift.tt/1ptDjZb
👉 Discord at: https://ift.tt/7Vdz6eQ
👉 Twitter at: https://twitter.com/BeachBmTrading
👉 Pinterest at: https://ift.tt/jvuFxKl
👉 Facebook at: https://ift.tt/uqCGO1l
👉 Facebook Group at: https://ift.tt/FZdvI4b
👉 Facebook Page at: https://ift.tt/2KbgpL7
👉 Instagram at: https://ift.tt/mZFYR37
👉 Reddit at: https://ift.tt/ZK9tC4d
🏖 Please also Join Us in the [BeachBum Trading] Community [Discord Server] 🎮, for FREE, at 👉 https://ift.tt/7Vdz6eQ
🏡 Please also Visit the 🏖 [BeachBum Trading] [Home Page] at 👉 https://ift.tt/PQt1u5h
🙏 Please Help us be able to continue to produce frequent quality content to help You Learn How to Trade so that You may Achieve the Financial Freedom You Want and Deserve to be able live the BeachBum lifestyle and/or any kind of life that You would like to live! and get Access to our New BeachBum Trading Community Discord Server Now by Supporting BeachBum Trading via Patreon at 👉 https://ift.tt/1ptDjZb
via YouTube https://www.youtube.com/watch?v=qTae3bwje80