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SAMT Blog

The Pullback by James D.Touati

10. November 2023, by James Touati
Education

"The WOOZ"

will offer readers one or two short, but essential, educational publications on technical analysis in the stock market.
My goal is to remind beginners and experienced traders of certain basic stock market rules to follow, and certain things to avoid. We start this week with one of the most recurring Chart patterns:

The PULLBACK

It is a pullback or rebound of the market in different time units.
Please note: This is not a reversal of the market or the underlying trend!

So when to enter the market?
“I’m going to keep it simple, because I’m not here to tell you the story, so let’s get to the heart of the matter!?!

The principle in photo by James D. Touati

20231110 PULLBACKS Lesson investir

Source: Tradingview.com

The Bullish Pullback by James D. Touati

Basic principle: entry is made at the break of the previous high.

20231110 PullBack HaussierEUR-USD chart – Analysis by James D. Touati – SAMT Zürich – Source: Tradingview.com

The Bearish Pullback by James D. Touati

Basic principle: entry is made at the break of the previous low.

20231110 Pullback BaissierEUR-USD chart – Analysis by James D.Touati – SAMT Zürich – Source: Tradingview.com

That's all for today, the Wolves of Trading!

I advise you to practice in a “demo” before launching into the markets, or to do back testing at any time.

“It was James, The Wolf of Zurich... PAKA PAKA!”????

 For more information, you can contact me on LinkedIn and Tradingview.

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About the author

James D. Touati

James D. Touati aka. The Wolf of Zurich is a French trader specializing in futures and CFD trading, a technical analyst and stock market trainer. In a pursuit of earning a living from trading, he has developed a profitable trading method successfully, consisting of a mix of tick data, Ichimoku, Fibonacci retracements, levels and Wolfe Waves.

credits: The Wolfe Wave pattern was originally developped by Bill Wolfe from New York. More information on his website.

James does not only speak 5 languages fluently (French, English, Russian, Spanish, Arabic), but with his solid industrial experience (former CEO JB aviation (Hong Kong), former Chairman M9 global group (link PETRONAS), former Partner CHINESE BUSINESS CLUB (Paris) he is a proven global entrepreneur as well.

Furthermore he has got a background as an intermediation and interconnection specialist for the oil&gas and the aviation industry in the Middle East and East countries.

Disclaimer: All methods, techniques, charts, analysis or results presented in this SAMT Blog are for educational purposes only. The information provided should not be construed in any way as a recommendation to buy or sell any financial instrument. You should always consult with your licensed financial advisor and tax advisor to determine the suitability of any investment to your particular financial situation. The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity. SAMT and its affiliates, directors or agents will not be held liable or responsible for your investment decisions.

SAMT nor any of its affiliates, directors or agents are a financial advisory service, nor a licensed financial advisor and do not provide financial advice whatsoever in any financial product.

Further it should not be assumed that any methods, techniques or indicators presented will be profitable or that they will not result in losses. Past results of any individual trader or trading system presented are not indicative of future returns by that trader or system, and are not indicative of future returns which may or may not be realized by you.

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