Make this your quick daily routine before the market opens or early in the session. It only takes a few minutes — and can give you a clear edge.
1. What’s the Overall Trend?
Is the market making higher highs and higher lows (bullish) or lower highs and lower lows (bearish)?
Draw or visualize the trendline. Know the direction before acting.
2. Where Are Key Support and Resistance Levels?
Identify the nearest zones where price has recently bounced or stalled.
These areas often influence the day’s movement and help set realistic trade expectations.
3. What Are the Moving Averages Saying?
Check the 20-day and 50-day moving averages.
Is price trading above or below them? Are the averages sloping up or down?
4. Is Volume Confirming the Price Action?
Look for volume spikes or fades.
Is the market moving on strong volume, or is the action happening quietly?
5. Any Candlestick Clues or Chart Patterns?
Watch for bullish or bearish candlesticks (like dojis, hammers, engulfing).
Are you spotting any chart patterns forming (flags, triangles, double tops/bottoms)?
✨ Pro Tip: Snap a screenshot of the chart each morning and annotate your notes — it’ll help you track your instincts and improve over time.
