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Stocks Today – Everything you Need to Know

Stocks Today – Everything you Need to Know

Sophia Trades

In this article i’m going to take a look at what’s happening with the stocks today, and in particular, on the NASDAQ – since my article a few days ago when I was feeling nervous that the price may pull back. Let’s get straight into seeing what’s happening…

Stocks Today – The NASDAQ daily timeframe

stocks today
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You can see above that the MACD histogram has once again turned dark green following a little pull back we saw last week. The MACD and Signal lines are opening up again, rather than moving towards a cross to the downside. Let’s take a look at what happened on the pull back, per the 30 minute timeframe:

stocks today
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You can see the pull back, here, on the 30 minute timeframe. The price broke the diagonal support. I was waiting to see whether this would form a new structure and start acting as a resistance, going downwards to the bottom right corner of the screen. However, the price reached a low there, and then recovered by reaching a new high once again. So as of right now, after the temporary pull back, the price has recovered to an up trending pattern once again.

I have taken a small position for now, and I may get into more positions, should the market continue to progress. I’m going to be keeping an eye, closely, on the RSI indicator, per the daily timeframe:

stocks today

At the moment, the RSI is extremely high at 82.91. I’m also conscious of the pattern forming on the weekly timeframe:

Get a discount to the Trading View chart software I use, here

The price has pushed away, strongly, from a long term diagonal trend line as you can see above. The last time it did this, it pushed up strongly – almost vertical, and then made more of a sideways bumping motion while continuing to reach higher prices. It is helpful, when considering stocks today, to understand previous patterns. This may not indicate it will repeat the same pattern, however. You should always use your own discernment or allow a professional to take care of your investments, for you.

I hope you found this article on stocks today helpful!

Disclaimer!

Nothing on this blog should be taken as financial advice or encouragement for you to enter a trade.  You are expected to speak to a financial adviser or carry out your own due diligence before entering any positions.  Everything on this blog is made for educational purposes and to equip you with the knowledge you need to be able to make your own financial decisions.

For more great tips and advice on trading the stock market, please visit:

https://www.sophiatrades.co.uk

To watch me trade live please visit my patreon page here:

https://www.patreon.com/sophiatrades

Finally, if you would like to receive a discount on the Trading View charting software I use, please click on the relevant link here:

https://www.tradingview.com/?aff_id=117138

Please note any subscriptions taken via my affiliate link with Trading View may result in me earning a small commission.  However, I provide complete transparency on me using Trading View personally – I publish my success on the financial markets via my broker reports and any profits earned were done so by using my own Trading View subscription,  so I genuinely do recommend them and have been using the Trading View charts for many years.

Stocks today – Everything You Need to Know!

Stocks today – Everything You Need to Know!

Sophia Trades

In this article i’m going to talk about stocks today – what’s happening on the S&P 500 and the NASDAQ. I just made over £1,000 trading the NASDAQ over the course of the last couple of days. Let’s take a look at how I did it and what the markets are doing now…

OK, so in terms of stocks today, let’s consider the trade I just hopped out of!

stocks today
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In this trade I entered into several positions as the price increased. You can see where I entered the market. In the end I had averaged up a total of three times before taking all profit off the table. I ended up with over £1,000 from these positions. You can see when I got into the first position on the chart with the blue arrows. This was around the 3rd or 4th of May. I exited them yesterday – see the collection of red arrows at the top of the upwards push. How did I know that the market may start pulling back there? It had sailed away from the diagonal support level I had placed on the chart, and the MACD was starting to lose it’s pigmentation on the histogram. The RSI was quite over extended and I was expecting it to pull back, at least to the diagonal support, but my thoughts were, it could pull back even further as it may have exhausted itself and I had a good chunk of profit sitting on the table which I didn’t want to give back 🙂

Here are my closed positions per my Capital.com app:

stocks today

So what is next for the NASDAQ?

In terms of stocks today and the NASDAQ in particular, I can see the market has started chopping sideways through the diagonal support I drew on the chart, which is not a great sign! It’s possible it could still come up further, but right now, i’m waiting.

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When you become an experienced trader, you sometimes get a ‘smell’ for when the market is peaking… it’s a combination of observations which give you a feeling that you need to jump out of the trades. The indicators, yes, but also your past experience of what they all collectively look like when the market is about to lose some momentum. Let’s take a look at the birds eye view to see if we can see what’s going on, from a higher level:

So, as you can see from the daily timeframe, the market has pushed off strongly from a strong long term diagonal support. The RSI is VERY high on this timeframe. Its a possibility that the market may be due a bit of a pull back – take a look at the shape of the previous upwards swing from this trend line. It tends to push up and then bump over in a ‘cloud’ shape rather than sky rocketing to the moon without any let up! So I have this in mind, while i’m waiting and also the fact that it’s chopping through the diagonal trend, now, on the 30 minute timeframe so it’s broken that support as of now.

Let’s take a look at the S&P 500 for good measure – we can’t really consider stocks today without looking at this. This is heavily influenced by the NASDAQ so likely it will follow a similar story:

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As you can see, a similar story has occurred on the S&P 500… This one looks like it broke through a previous diagonal support. It could be that this support can now be adjusted for a better fit – see below. (Don’t be afraid to readjust your trend lines as the markets play out):

There – that’s better!

This one actually looks more strong than the NASDAQ to me, but obviously you need to decide for yourself before entering any market. Why do I say it looks stronger? The histogram has turned dark green again on the MACD indicator, and it’s just bounced on the readjusted trend line!

I hope you found this article on stocks today helpful!

Disclaimer!

Nothing on this blog should be taken as financial advice or encouragement for you to enter a trade.  You are expected to speak to a financial adviser or carry out your own due diligence before entering any positions.  Everything on this blog is made for educational purposes and to equip you with the knowledge you need to be able to make your own financial decisions.

For more great tips and advice on trading the stock market, please visit:

https://www.sophiatrades.co.uk

To watch me trade live please visit my patreon page here:

https://www.patreon.com/sophiatrades

Finally, if you would like to receive a discount on the Trading View charting software I use, please click on the relevant link here:

https://www.tradingview.com/?aff_id=117138

Please note any subscriptions taken via my affiliate link with Trading View may result in me earning a small commission.  However, I provide complete transparency on me using Trading View personally – I publish my success on the financial markets via my broker reports and any profits earned were done so by using my own Trading View subscription,  so I genuinely do recommend them and have been using the Trading View charts for many years.

How to add the MACD indicator in Trading View

How to add the MACD indicator in Trading View

Sophia Trades

In this article i’m going to give you some simple instructions on how to add the MACD indicator in Trading View. Let’s jump straight into it!

First of all, what is Trading View?

Trading View is a chart package which you can subscribe to. It’s the best one I have ever used. I’m still using it in my own trading – any screen shots I take in the ‘Chart Analysis’ section of my blog, are taken from my Trading View chart package:

Chart analysis – Sophia Trades – Learn how to Trade the Stock Market

Trading View is extremely intuitive as a chart package. You can filter and sort your watchlists in exactly the way you would like to – adding flags, sections – anything that can help with keeping your watchlists organised.

It allows you to log into many different brokers, and I have three different accounts of my own, hooked up on Trading View.

You can set alerts and have it email you when the price reaches a certain position or when particular scenarios occur in relation to your indicators.

I can offer users of my blog, a discount to this amazing software – just click the link below:

Get Trading View discount here

Where is the MACD indicator in this chart package?

You can find the indicators by going to the indicators tab at the top of the charts. When you click on this tab, you will get a list come up of hundreds of different types of indicators. You can find the MACD indicator by typing in the search box, “Moving Average Convergence Divergence”. You will see the indicator appear. Note there are many different versions so you want to select the plain default version – people are building their own indicators in there so you want to avoid any that you are not familiar with:

Trading View

Here is what the plain default indicator looks like:

Trading View

As you can see, my MACD is in my favourites as this is one of the key indicators I use when implementing my strategy.

Once you have applied this indicator to your chart, you can tailor its settings by following the instructions in a related blog article. Please see the Trading View or MACD sections of the blog:

MACD – Sophia Trades – Learn how to Trade the Stock Market

Best software reviews – Sophia Trades – Learn how to Trade the Stock Market

I hope you found this article helpful!

Disclaimer!

Nothing on this blog should be taken as financial advice or encouragement for you to enter a trade.  You are expected to speak to a financial adviser or carry out your own due diligence before entering any positions.  Everything on this blog is made for educational purposes and to equip you with the knowledge you need to be able to make your own financial decisions.

For more great tips and advice on trading the stock market, please visit:

https://www.sophiatrades.co.uk

To watch me trade live please visit my patreon page here:

https://www.patreon.com/sophiatrades

Finally, if you would like to receive a discount on the Trading View charting software I use, please click on the relevant link here:

https://www.tradingview.com/?aff_id=117138

Please note any subscriptions taken via my affiliate link with Trading View may result in me earning a small commission.  However, I provide complete transparency on me using Trading View personally – I publish my success on the financial markets via my broker reports and any profits earned were done so by using my own Trading View subscription,  so I genuinely do recommend them and have been using the Trading View charts for many years.

How to trade stocks – a breakdown of my recent profitable trades

How to trade stocks – a breakdown of my recent profitable trades

Sophia Trades

I made over £900 on the stock market over the last few days, and I wanted to share with you my entry and exit points so that you can learn from me, how to trade stocks. I’ve been using my usual MACD strategy, which you can find on my Patreon page, but I am also ‘averaging up’ my trades and this is leading me to make significantly more profits in the markets than I had been, previously… Let’s take a look at how I did it…

How to trade stocks – NASDAQ daily timeframe

How to trade stocks
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As you can see, the NASDAQ has been in a long term steady uptrend but it had been pulling back per the daily timeframe, since around November! Once I saw that the price bounced near the long term upwards diagonal trendline on the daily timeframe, I found an entry on the 30 minute timeframe. I noted that the price started bouncing on another lower level diagonal trend line per the 30 minute chart, and got into the market near a horizontal support level. It’s best if you can get into the market where it is supported both diagonally and horizontally, but just one type of support can be ok too:

How to trade stocks
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I tend to get into the market when the MACD is crossing again, to the upside, at a good support level. I do this now, repeatedly adding more and more to my position as the price increases. At each scoop down, I add another portion. I do this in a very controlled way, keeping an eye on my margin and the potential losses. Averaging up in this way is an important consideration and tool you can use when learning how to trade stocks.

In the above chart screen shot, you can see the first entry I made which ended up in over £500 of profit, and then the second one which took over £200 and the third (over £80). In total I increased my position size, about four times. I don’t have screen shots from the whole time the trade was open to show you, i’m afraid, but I hope you can see the step ups in the market I have made, here.

After the market was starting to cut through the support level on the chart, I took profit from the market, on all my open positions. You can see where I closed them with the little red arrows, here:

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I also made another £300 or so this week since I closed these ones, and you can see my subsequent entry, but I’m aware that there will be an FOMC meeting soon and I don’t want to leave open positions on the table while this meeting is starting. I published another blog article yesterday about these meetings and how they can affect your trading, here:

There is an FOMC meeting happening this week! Everything you Need to Know – Sophia Trades – Learn how to Trade the Stock Market

If you are interested in learning to trade stocks and you don’t know where to start, or you are already applying a strategy and you feel you are struggling to get it to work, I can offer you some assistance. I offer one to one, educational consultations, during which I aim to provide some feedback and helpful guidance on how you could improve your strategy and make it successful. Please see the contact section of the blog and reach out if you think this would be of assistance to you.

I hope you found this article on how to trade stocks, helpful!

Disclaimer!

Nothing on this blog should be taken as financial advice or encouragement for you to enter a trade.  You are expected to speak to a financial adviser or carry out your own due diligence before entering any positions.  Everything on this blog is made for educational purposes and to equip you with the knowledge you need to be able to make your own financial decisions.

For more great tips and advice on trading the stock market, please visit:

https://www.sophiatrades.co.uk

To watch me trade live please visit my patreon page here:

https://www.patreon.com/sophiatrades

Finally, if you would like to receive a discount on the Trading View charting software I use, please click on the relevant link here:

https://www.tradingview.com/?aff_id=117138

Please note any subscriptions taken via my affiliate link with Trading View may result in me earning a small commission.  However, I provide complete transparency on me using Trading View personally – I publish my success on the financial markets via my broker reports and any profits earned were done so by using my own Trading View subscription,  so I genuinely do recommend them and have been using the Trading View charts for many years.

Stocks Today – Everything you Need to Know

Stocks Today – Everything you Need to Know

Sophia Trades

In this article i’m going to consider what’s happening with the stocks today. I will take a look at the NASDAQ, the S&P 500 and the chart for Gold, which can give us an overall good indication of the health of the stock markets. Let’s get started!

Stocks today – the NASDAQ

As you can see from the below daily timeframe chart, the NASDAQ recovered to previous highs. This is a good indication that people are starting to have more faith in stocks today. This did coincide with some reassuring announcements from President Trump, about the Iran war:

stocks today

By the way, I use Trading View chart software which I love. It’s extremely intuitive and helpful – I will never be without it as a trader. You can get a discount by clicking on the button below:

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The price is in another uptrend, as can be seen on this 30 minute timeframe:

stocks today
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However, it’s worth noting that the MACD’s histogram has turned from dark to light green, and it may be that the upwards push has lost some of its momentum – for now. Let’s take a look at the monthly timeframe:

stocks today
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Pay attention to the MACD and signal lines here. They did make a little cross to the downside, showing one tiny, red histogram bar recently, but now it’s showing another dark green, albeit, small, bar. Notice also the ‘bounce’ that appears to have happened on the diagonal trend line of the monthly timeframe above.

Ultimately, it remains to be seen whether the price will continue increasing. It is hoped my technical analysis will empower you to make this decision for yourself. I’m currently sitting in two positions, as you can see. If the markets keep ascending further, I may add to these.

I’m going to prepare a blog article on how I average up, to make more money in trading, soon – so watch this space for that.

We can’t consider stocks today without taking a look at the S&P 500. Let’s take a look – this can often follow the same sort of pattern as the NASDAQ, since some of its big players are also sitting on the NASDAQ:

S&P 500

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As you can see, we have seen a similar pattern forming on the S&P 500. I’m currently sitting in a couple of smaller positions on this market.

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I zoomed in a bit so you can see the small red histogram bar on the monthly timeframe and the fact that, in a similar way to the NASDAQ, this has gone back to showing a small green bar.

Let’s take a look at Gold, for good measure. As I mentioned, when stocks are rising, Gold often drops in value because people switch their investments into stocks which can provide a higher return:

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It’s not very clear from the monthly timeframe what is happening here, so I also got a screen shot of the daily timeframe:

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It does look like Gold is now making lower highs and lower lows. The latest ‘high’ appears to still be forming. I will be watching to see if the MACD and signal lines cross over to the downside again, and the price respects the initial diagonal resistance line i’ve drawn on the chart. We will see… Ultimately Gold is not pushing up so it does appear there may be some more confidence in the stocks again. Given the sky high RSI indicator on this market per the monthly timeframe, I will not be adding any funds to it of my own, until I see that it’s offering more of a bargain. I am hoping it will come right down!!

I hope you found this article on stocks today, helpful.

Disclaimer!

Nothing on this blog should be taken as financial advice or encouragement for you to enter a trade.  You are expected to speak to a financial adviser or carry out your own due diligence before entering any positions.  Everything on this blog is made for educational purposes and to equip you with the knowledge you need to be able to make your own financial decisions.

For more great tips and advice on trading the stock market, please visit:

https://www.sophiatrades.co.uk

To watch me trade live please visit my patreon page here:

https://www.patreon.com/sophiatrades

Finally, if you would like to receive a discount on the Trading View charting software I use, please click on the relevant link here:

https://www.tradingview.com/?aff_id=117138

Please note any subscriptions taken via my affiliate link with Trading View may result in me earning a small commission.  However, I provide complete transparency on me using Trading View personally – I publish my success on the financial markets via my broker reports and any profits earned were done so by using my own Trading View subscription,  so I genuinely do recommend them and have been using the Trading View charts for many years.

Gold Price Chart – Everything You Need to Know

Gold Price Chart – Everything You Need to Know

Sophia Trades

In this article i’m going to talk about the Gold price chart and some of the key aspects of understanding how to trade Gold. We will look at the longer term price action per the chart and its relationship with stocks and confidence in the overall economy. Let’s get straight into it!

Gold Price Chart – relationship to the stocks and general consumer confidence

There is an inverse relationship between consumer confidence and the price of gold. This is because when consumer confidence is low, consumers consider that Gold, a precious metal which is real physical thing and valuable in the real world, is worth investing in. The value of Gold increases slowly and steadily over time, like a slow, steady, ticking clock. Let’s take a look at the monthly timeframe chart to get a view of the long term movements of Gold:

gold price chart

If you would like a discount to the chart software that I use (Trading View), please click the link below:

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As you can see on the above chart, dating back to 1980, the price of Gold has climbed slowly to a record high. Over this time, the price increased by 1,313%.

Over the last ten years, the price grew by approximately 400%:

gold price chart
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On average, over the ten years this works out to be:

5,618-1120 = 4498 USD

/10 =449 USD per year

This works out to be an annualised return of approximately 13.7%.

When economic growth is strong, consumer confidence is high, and consumers tend to favour higher yielding investments rather than slow and steady. This can cause the price of Gold to dip.

How is the Gold price chart affected by inflation?

If consumer confidence is being driven or influenced by inflation, we may see the Gold price chart prices increasing with a corresponding decline in the relevant currency value.

So is there anything we can use to give us an indication of what levels of consumer confidence are relevant? Yes! We can use the Conference Board’s Consumer Confidence Index (CCI). You can see the website for the CCI here:

US Consumer Confidence

If targets are missed, this can trigger nervousness for the markets and this will likely have a positive impact on the Gold price chart.

What happens to the Gold during a recession?

The price of Gold tends to increase during recessions as consumer confidence tends to be lower. As mentioned above, when consumer confidence is low, people tend to invest their money in Gold as a saver haven until the turbulence has reduced in the stock market.

Gold Price Chart – is there anything else to be aware of?

Although the Gold price chart is typically inversely related to consumer confidence and the stock charts, the correlation is not always perfect, as other factors can be at play, including interest rates, the strength of currency and political events and news around the Globe!

What does the CII Board currently say about what they expect to see in consumer confidence?

As per the CII website, they have published graphs showing that they expect consumer confidence to fall slightly from where it is currently. You can see this graph and data here, under the ‘Present Sitaution and Expectations’ index graph:

US Consumer Confidence

I hope the information published here will help you in your trading journey and in particular help you to decide whether you think the price of Gold will rise, or fall, in the medium to long term.

Disclaimer!

Nothing on this blog should be taken as financial advice or encouragement for you to enter a trade.  You are expected to speak to a financial adviser or carry out your own due diligence before entering any positions.  Everything on this blog is made for educational purposes and to equip you with the knowledge you need to be able to make your own financial decisions.

For more great tips and advice on trading the stock market, please visit:

https://www.sophiatrades.co.uk

To watch me trade live please visit my patreon page here:

https://www.patreon.com/sophiatrades

Finally, if you would like to receive a discount on the Trading View charting software I use, please click on the relevant link here:

https://www.tradingview.com/?aff_id=117138

Please note any subscriptions taken via my affiliate link with Trading View may result in me earning a small commission.  However, I provide complete transparency on me using Trading View personally – I publish my success on the financial markets via my broker reports and any profits earned were done so by using my own Trading View subscription,  so I genuinely do recommend them and have been using the Trading View charts for many years.

Stocks today 13th April 2026 – Everything You Need to Know

Stocks today 13th April 2026 – Everything You Need to Know

Sophia Trades

In this article i’m going to take a look at stocks today: what’s been happening in the markets since market open. I’m going to consider the overall position of the NASDAQ, the S&P 500 and Gold as these can give a good overall indicator of market direction. Let’s jump straight into it!

Stocks today the NASDAQ

I mentioned yesterday that the NASDAQ had been recovering from it’s recent downwards move, and it had broken through the downward diagonal trend line. Today the market opened with a gap down, but is recovering again with a positive candle:

stocks today
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However, note that the MACD indicator histogram bars have slightly shrunk since yesterday and they are getting slightly smaller. We still have market open in the US to come, and that may have a big impact. The RSI is scooping over slightly too. It looks from the above chart, like the momentum for the upwards push has slowed down. It remains to be seen whether this will be reinforced at market open in the US.

Let’s take a quick look at the S&P 500 to see if we see a similar story:

Stocks today – S&P 500

stocks today
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As you can see, the S&P 500 is showing a similar story and this is not surprising because it is heavily driven and influenced by the NASDAQ with its top constituents being companies which are also sitting on the NASDAQ.

What’s happening on Gold?

In considering stocks today it is also useful to pay attention to what is happening to the price of Gold. When stocks are increasing due to consumer confidence or confidence in the financial markets in general, the price of Gold tends to pull back. Let’s take a look at the Gold chart:

stocks today
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As you can see above, we now have another candle which at the moment, is respecting the downward diagonal resistance line shown on the chart. It seems Gold and the stock markets are indeed showing the relationship we normally see from them… Gold is coming down overall currently and has been since around the beginning of March. It’s worth noting that Gold is also, at another resistance level – the horizonal one. Pushes away from such areas can be stronger where there are two different resistance lines intersecting one another, as shown below. It remains to be seen whether this trend will continue and the resistance levels will be respected.

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I hope you found this article helpful. Please check back again for further updates and technical analysis on the current states of the market.

Disclaimer!

Nothing on this blog should be taken as financial advice or encouragement for you to enter a trade.  You are expected to speak to a financial adviser or carry out your own due diligence before entering any positions.  Everything on this blog is made for educational purposes and to equip you with the knowledge you need to be able to make your own financial decisions.

For more great tips and advice on trading the stock market, please visit:

https://www.sophiatrades.co.uk

To watch me trade live please visit my patreon page here:

https://www.patreon.com/sophiatrades

Finally, if you would like to receive a discount on the Trading View charting software I use, please click on the relevant link here:

https://www.tradingview.com/?aff_id=117138

Please note any subscriptions taken via my affiliate link with Trading View may result in me earning a small commission.  However, I provide complete transparency on me using Trading View personally – I publish my success on the financial markets via my broker reports and any profits earned were done so by using my own Trading View subscription,  so I genuinely do recommend them and have been using the Trading View charts for many years.

Stocks Today – Everything You Need to Know

Stocks Today – Everything You Need to Know

Sophia Trades

In this article I’m going to talk about stocks today – what’s been happening on the NASDAQ, the S&P 500, and Gold, for good measure! I’m going to examine the recent price movements with a view to helping you decide where they might be headed in the short to medium term. Let’s get started!

Stocks today – the NASDAQ

A great tool in understanding stocks today is looking at the NASDAQ index chart. This has seen some recovery in price more recently. Let’s take a look at the daily time frame chart, using Trading View, my favourite chart software platform:

stocks today
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Ok so as you can see the price has pushed up significantly from the most recent low it made in around the end of March 2026. It’s broken through the recent diagonal downward trend with a significant push upwards. It’s worth noting that the MACD and Signal lines have crossed on the MACD indicator and the histogram bars are becoming taller and still remain dark green, meaning as of Friday, the market was still pushing up strongly. The RSI indicator is pushing towards the top of its channel. When the RSI indicator generally gets to a level of 70 or above, traders tend to be more aware that the price could be due a pull back. The current level on the RSI indicator is 63.74.

It’s also worth noting that the price has ‘bounced’ at around one of the significant Fibonacci levels. You can learn about using the Fibonacci tool, here, in an article I published recently:

How to buy stocks, using Fibonacci Retracement as a Day Trader – Everything you Need to Know – Sophia Trades – Learn how to Trade the Stock Market

It remains to be seen whether the price will continue pushing up or not. I hope this analysis has provided you with some educational resource for you to start making your own decisions about what you think will happen in the short to medium term.

Let’s take a look at the S&P 500 next to see if it’s following suit…

S&P 500

stocks today
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When considering stocks today, the S&P is also fundamental. This index gives you an overall indication as to the health of the markets. As you can see, the same sort of pattern is forming on the S&P 500. This is no surprise given that it is heavily influenced by the NASDAQ. They look very similar indeed.

Let’s take a look at what’s happening to Gold – this can be a critical market for examining overall market sentiment etc in the stocks – the Gold market tends to soar when people lose confidence in the stock market…

What’s happening to Gold?

stocks today
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As you can see, the Gold market reached all time highs at around the start of 2026 and since then, it’s been pulling back strongly. At the moment it is at the point of potential resistance, as can be seen with the diagonal downward trend line. If recovered confidence in the stock market continues to push the stock prices up, it is possible this will negatively impact the price of Gold.

This is all, of course, being influenced by Trump, the war with Iran and all of the turbulence in the real world too… so it is possible we could see more fluctuations.

The idea of this blog is to share my own thoughts and analysis on what’s happened to date, with a view to helping you decide for yourselves what might happen next.

I hope you found this article helpful.

Disclaimer!

Nothing on this blog should be taken as financial advice or encouragement for you to enter a trade.  You are expected to speak to a financial adviser or carry out your own due diligence before entering any positions.  Everything on this blog is made for educational purposes and to equip you with the knowledge you need to be able to make your own financial decisions.

For more great tips and advice on trading the stock market, please visit:

https://www.sophiatrades.co.uk

To watch me trade live please visit my patreon page here:

https://www.patreon.com/sophiatrades

Finally, if you would like to receive a discount on the Trading View charting software I use, please click on the relevant link here:

https://www.tradingview.com/?aff_id=117138

Please note any subscriptions taken via my affiliate link with Trading View may result in me earning a small commission.  However, I provide complete transparency on me using Trading View personally – I publish my success on the financial markets via my broker reports and any profits earned were done so by using my own Trading View subscription,  so I genuinely do recommend them and have been using the Trading View charts for many years.

How to buy stocks, using Fibonacci Retracement as a Day Trader – Everything you Need to Know

Sophia Trades

In this article i’m going to talk about how to buy stocks using a Fibonacci Retracement as a day trader. Fibonacci is a magical mathematical proportion which exists in everything in the universe. It’s no surprise that it exists as significant levels for buying and selling demand in the stock market. Price movements are driven, after all, by human beings – biological organisms. Let’s take a look at how you can use this as a day trader to make more money trading.

What is Fibonacci?

Before we can understand how to buy stocks using Fibonacci Retracement, we first need to understand what it is. Fibonacci is an almost ‘magical’ pattern which exists in the universe. It represents a sequence where every number in the sequence is the sum of the two preceding numbers. It was discovered by the mathematician, Leonardo of Pisa. These ratios and patterns can be found in the human body, leaves, flowers, other animals – the list is endless. Mother nature uses it to build organisms on the Earth and it also exists in ancient archaeological structures too! The sequence is identified by the formula Fn = Fn-1 + Fn-2, starting with F0=0 and F1 = 1.

As the sequence progresses, the results tend to a special value – 1.618. This is known as the Golden Ratio.

How to buy stocks using the Fibonacci Retracement as a Day Trader then?

The special Fibonacci proportions can indicate areas of buying and selling pressure on a stock chart. It can help traders to identify areas for entry points and pull backs. You can use the Fibonacci tool in Trading View, by accessing it on the menu in the left, as shown below:

How to buy stocks
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Once selected you can click the chart and drag the indicator down over the price movements, to show the various levels of the Fibonacci Retracement tool- you line the tool up with the lowest or the highest point, and then pull/extend it over the price movements, to the highest if you started at the lowest, or vice versa.

How to buy stocks

Let’s take a look at where this indicator ended up being accurate, in terms of support and resistance levels:

As you can see, i’ve added support and resistance lines everywhere where you can see significant levels of buying or selling pressure. I also stretched the Fibonacci indicator vertically, to line it up with the pull back/resistance and support areas.

As an example, the next level up is half the height of the previous one, as shown below:

Amazingly, these line up perfectly with the Fibonacci retracement levels?! How is this possible? It’s amazing but it’s real, and you can probably now imagine how you will be able to use this in your trading… let’s take a look at this next…

Where to buy or sell with Fibonacci Retracement

So as you can see the Fibonacci Retracement tool can be very useful in understanding how to buy stocks. The idea is to buy at the level where the market pulls back to. You can see these types of levels at, for example, 21.686, 21.495, 22.329…You can see the price pulled back to these levels and then went on higher. You could add a stop loss underneath the level, and then set a take profit at the next level up! Or continue to ride the trend, by moving your stop loss up to the next successive levels, as the price moves.

I hope you found this article helpful.

Disclaimer!

Nothing on this blog should be taken as financial advice or encouragement for you to enter a trade.  You are expected to speak to a financial adviser or carry out your own due diligence before entering any positions.  Everything on this blog is made for educational purposes and to equip you with the knowledge you need to be able to make your own financial decisions.

For more great tips and advice on trading the stock market, please visit:

https://www.sophiatrades.co.uk

To watch me trade live please visit my patreon page here:

https://www.patreon.com/sophiatrades

Finally, if you would like to receive a discount on the Trading View charting software I use, please click on the relevant link here:

https://www.tradingview.com/?aff_id=117138

Please note any subscriptions taken via my affiliate link with Trading View may result in me earning a small commission.  However, I provide complete transparency on me using Trading View personally – I publish my success on the financial markets via my broker reports and any profits earned were done so by using my own Trading View subscription,  so I genuinely do recommend them and have been using the Trading View charts for many years.

How to Trade Commodities – Cocoa – Everything you Need to Know

Sophia Trades

In this article i’m going to consider how to trade commodities, and in particular, Cocoa. I’m going to look at the chart for Cocoa using my favourite chart platform, Trading View. I’m going to perform some technical analysis on the recent and longer term price movements and patterns. Let’s get straight into it…

Cocoa birds eye view

How to trade commodities
I use Trading View chart software – click here for a discount while it lasts!

A great place to start in understanding how to trade commodities, is to first, get a birds eye view of a market. In order to get a great bird’s eye view of this market, it’s helpful to consider what is happening on the monthly timeframe. The monthly timeframe contains Japanese candlesticks where each candlestick represents a single month’s worth of price movements – so you can see from the above chart, the long term view of what is happening on the market.

As you can see, the price reached an enormous, all time high, ‘peak’, at around the end of 2025, and since then it has fallen sharply. The price has since respected a diagonal downwards trend line. At the moment it has made a sharp steep peak away from the trend line in the downwards direction, and it has started pulling back again, with a significant pink candle – closing higher, within the last couple of days of the markets being open. As you can see, there is also a strong support level at around 6588.8 but the price has now sailed away from this, so it is useful to check any other horizontal levels which are closer to the current price:

I use Trading View chart software – click here for a discount while it lasts!

As you can see, there is another horizontal resistance/support line identified at around 3.485. The recent price movements show that they have broken below this support. The price is currently at the horizontal level. It remains to be seen whether it will now descend further, or pull back to the horizontal trend line again.

Overall the price on Cocoa has been down trending long term. Let’s take a closer look using the daily time frame:

I use Trading View chart software – click here for a discount while it lasts!

As you can see, the daily timeframe does not really add anything additional here, other than being able to see the support and resistance lines very clearly The MACD Indicator shows the price is currently pushing up in the nearer term. It looks as though it’s trying to push up to make a higher low, but we will need to wait and see what happens…

How to trade commodities – Cocoa – So how could you plan a trade on this market?

So in understanding the answer to the question, how to trade commodities, I hope you can see that you can use the support and resistance lines to plan where to enter and exit your trade. You want to trade close to the ‘structure’ of the pattern and allow the price to move away from it. You would have to decide which support or resistance line to use, and when but I hope you can see the potential for predicting price movements, from this article.

I hope you found this article helpful.

Disclaimer!

Nothing on this blog should be taken as financial advice or encouragement for you to enter a trade.  You are expected to speak to a financial adviser or carry out your own due diligence before entering any positions.  Everything on this blog is made for educational purposes and to equip you with the knowledge you need to be able to make your own financial decisions.

For more great tips and advice on trading the stock market, please visit:

https://www.sophiatrades.co.uk

To watch me trade live please visit my patreon page here:

https://www.patreon.com/sophiatrades

Finally, if you would like to receive a discount on the Trading View charting software I use, please click on the relevant link here:

https://www.tradingview.com/?aff_id=117138

Please note any subscriptions taken via my affiliate link with Trading View may result in me earning a small commission.  However, I provide complete transparency on me using Trading View personally – I publish my success on the financial markets via my broker reports and any profits earned were done so by using my own Trading View subscription,  so I genuinely do recommend them and have been using the Trading View charts for many years.