Weekly Charts Learning - TechAnalyzer

Weekly Charts

Weekly Chart Pattern Scanner

Bullish Patterns Detected

• Weekly Hammer (Week 8)
• Weekly Engulfing (Week 12)
• Multi-Week Accumulation (Week 15-18)

Bearish Patterns Detected

• Weekly Shooting Star (Week 5)
• Weekly Dark Cloud (Week 10)
• Distribution Pattern (Week 20-22)

Multi-Week Trend Analysis

• Primary Uptrend: 12-week ascending channel
• Support Zone: $145-$150 (tested 3 times)
• Resistance Zone: $185-$190 (needs volume confirmation)

Weekly Chart Components

Weekly Open

Monday's opening price, often gaps from Friday's close

Weekly High/Low

Extremes over 5 trading days, showing weekly sentiment

Weekly Close

Friday's close, most significant for trend analysis

Weekly Support & Resistance

Weekly Levels

Previous week's high/low create stronger levels

Monthly Boundaries

Month-end levels often act as major support/resistance

Seasonal Patterns

Quarterly and yearly patterns influence weekly moves

Weekly Timeframe Benefits

Noise Reduction

Filters out daily volatility for clearer trends

Stronger Signals

Weekly patterns have higher reliability rates

Position Trading

Ideal for longer-term investment strategies

Weekly Chart Reading Fundamentals

Long-term Trend Signals

• Higher weekly highs and lows indicate strong uptrend
• Lower weekly highs and lows indicate strong downtrend
• Weekly consolidation suggests accumulation/distribution
• Weekly volume confirms long-term moves

Key Weekly Patterns

• Weekly doji shows major indecision
• Long weekly wicks indicate strong rejection
• Small weekly bodies suggest consolidation
• Large weekly bodies show institutional moves

Weekly Candlestick Patterns

Weekly Hammer

Strong weekly reversal signal. Long lower wick shows week-long buying support.

Weekly Shooting Star

Weekly bearish reversal. Long upper wick shows rejection at higher levels.

Weekly Doji

Major weekly indecision. Suggests potential trend change or consolidation.

Weekly Engulfing

Powerful weekly reversal. Second week completely engulfs first week's range.

Multi-Week Pattern Recognition

Weekly Accumulation

Multi-week accumulation pattern showing gradual institutional buying over time.

Weekly Distribution

Multi-week distribution showing gradual institutional selling and weakening trend.

Weekly Consolidation

Weekly sideways movement indicating balance between buyers and sellers.

Weekly Pattern Recognition Exercise

Identify the weekly pattern shown above:

Weekly Volume Analysis

Weekly Volume Patterns

• Rising weekly volume + rising prices = strong uptrend
• Falling weekly volume + rising prices = weak uptrend
• High weekly volume on breakouts = valid signals
• Weekly volume spikes often mark reversals

Institutional Activity

• Accumulation shows steady weekly volume increase
• Distribution shows high volume on down weeks
• Weekly volume above 150% average signals institutions
• End-of-quarter volume spikes are common

Weekly Volume Indicators

Weekly OBV

Weekly On-Balance Volume shows long-term money flow direction.

Volume Moving Average

10-week volume average identifies unusual institutional activity.

Accumulation/Distribution

Weekly A/D line shows institutional accumulation or distribution.

Weekly Volume Analysis Exercise

A stock breaks above weekly resistance with the following volume data:

Week 1

8.5M

Week 2

15.2M

Week 3

22.8M

10W Avg

9.8M

Is this a valid weekly breakout?

Long-term Trading Strategies

Position Trading Strategy

Time Frame: 4-12 weeks

Entry Signal: Weekly pattern breakout

Stop Loss: Below weekly support

Target: 3:1 Risk/Reward

Ideal for capturing major trend moves using weekly chart confirmation.

Weekly Trend Following

Trend Type: Multi-week trends

Entry: Weekly pullback

Stop Loss: Weekly trend break

Target: Trend continuation

Follows established weekly trends with lower frequency but higher accuracy.

Weekly Risk Management

Position Sizing

• Risk 2-3% of account per weekly trade

• Use weekly ATR for stop distance

• Account for weekend gaps in calculations

Weekly Stop Placement

• Below weekly support for long positions

• Above weekly resistance for short positions

• Allow for normal weekly volatility

Long-term Targets

• Use weekly measured moves

• Target monthly resistance levels

• Trail stops using weekly closes

Weekly Strategy Performance

Win Rate

72%

Avg Win

+8.5%

Avg Loss

-3.2%

Profit Factor

2.35

Holding Period Considerations

4-8 Week Holds

• Capture seasonal trends
• Ride earnings cycles
• Follow institutional flows
• Minimize transaction costs

12-26 Week Holds

• Major trend participation
• Quarterly cycle trading
• Long-term accumulation
• Tax-efficient strategies

Weekly Pattern Scanner

Bullish Signals 2 Found

Weekly hammer, multi-week accumulation detected

Bearish Signals 1 Found

Weekly shooting star pattern

Trend Analysis Uptrend

12-week ascending channel intact

Multi-Week Support/Resistance Calculator

Current Price

Timeframe (Weeks)

Resistance: $185.50

Support: $162.80

Weekly Volume Analysis

This Week's Volume

18.5M

+65% avg

10-Week Avg

11.2M

Normal

Volume Trend

Increasing

Bullish

Weekly Trading Checklist

Review weekly trend direction Identify weekly support/resistance Analyze weekly volume patterns Set weekly stop loss levels Calculate position size for longer holds Review institutional activity

Learning Progress

Weekly Chart Mastery 65%

Weekly patterns and long-term strategies in progress