Hey traders, If you are learning price action trading, you definitely must know a double bottom pattern. Double bottom is a reversal pattern. It is applied to spot early market reversal clues and catch the initiation of a new bullish trend . Preconditions for a double bottom: 1️⃣ The market must trade in a bearish trend . 2️⃣ After a formation of the last...
Hello Traders, Spotting a reversal is always a daunting task I know. That is I use a 2 Step Down Timeframe Method to spot a reversal in correct way. I have explained step by step so please watch in full to understand it clearly. Also do not forget to like the video and let me know in the comment section if you have nay questions.
Hello all. Today we will talk about the reversal pattern "Quasimodo" or QML. Schematically it looks like this: The price moves in the trend, in POI the structure breaks and after that, the price can not update the previous HH and the downward movement continues (consider a schematic example). In this example, after the breakdown of the structure, the price...
Hello everyone! It's time to repeat the most popular patterns in trading. One of these patterns is a DOUBLE BOTTOM. Forming There are several factors that you should pay attention to. First, a new minimum appears. This breakthrough is accompanied by increased volumes. Such volumes are fixed by the indicator at this point, because there were a lot of stop...
The **Double Bottom** is a price action pattern that is indicative of a trend change once activated. Price needs to establish a bearish expansion towards the lows before reversing with an impulse. The impulse then needs to get sold into; this will create a retest of the previous low that must hold. Price action will establish a “W” structure which become a sign of...
Hello, my dear friends and happy New Year! I wish you to be healthy and reach all your goals in trading and not only! Never give up on this difficult way which we are going to overcome together! Today we have a very important topic. How to use Elliott waves instead of classical chart patterns. This is the natural exposure why the chart patterns are garbage. I...
The plan was to do a series of posts on popular chart patterns as well as advanced chart patterns we use in Camelot. We did this earlier in the year so we're sharing it again, also as a reminder for us to continue with this in the new year as a series of educational posts to help traders in their day to day trading. There are many ways to trade patterns,...
In an uptrend, if a higher high is made but fails to carry through, and then prices drop below the previous high, then the trend is apt to reverse. The converse is true for down trends. This observation applies in any of the three trends; short-term, intermediate-term, or long-term. A 2B on a minor high or low will usually occur within one day or less of the time...
Chart patterns are visual representations of price action. Chart patterns can show trading ranges, swings, trends, and reversals in price action. The signal for buying and selling a chart pattern is usually a trend line breakout in one direction showing support or resistance is overcome at a key level. Stop losses are usually set on retracement back inside the...
TRADE 1hour/30 minutes, there are many visible/ trustworthy moves in there.. Every move in 15mnts?1hour/30 minutes influences the whole day chart So check for every move IN 1hour/30-minutes TF(draw trendlines and analyze the every move the market makes in the 1hour/30 minutes TF) Trust ME So for every move made in 30 minutes you take(provided move perfect AF) i...
No chart pattern is more common in trading than the double bottom or double top. This pattern appears so often that it alone may serve as proof positive that price action is not as wildly random as many Traders claim. Price charts simply express trader sentiments, demand, and supply, so the double tops and double bottoms represent a retesting of temporary...
Your ultimate guide for double top pattern trading. Entry selection / stop placement / target selection explained. Meaning of the pattern and identification rules. Important tips & real market exampe. ❤️Please, support this video with like and comment!❤️
In this short tutorial, we will look at how to trade the Double Tops and Double Bottom It's simple and straightforward. No need for too much markup and stress on the charts. TIP: HAVE FAITH AND TAKE ACTIONS!!!
With this new version, the Fibonacci borders are calculated and placed automatically on your charts. No need to place the top border manually any more. You still have the possibility to move it manually if you consider that the indicator has not identified the right ATH (Pivot point) Enjoy !
✅It is difficult to overestimate the importance of the classic continuation and reversal patterns. For a real trader trading on the Forex market, it is huge, because these patterns make it possible to predict the behaviour of the price. ⚠️If one of the trend continuation patterns appears in front of us on the chart, it means that the usual correction...
In this chart we see classic order block formation. This narrative states that price accumulates buy and sell stops in these small areas of consolidation before heading toward the next area of liquidity or imbalances.
A new trader asked me the important question, "where do I set my stop loss when trading cryptocurrency?" I decided to make a video detailing my strategy using live trade examples over the last two weeks in Solana COINBASE:SOLUSD and Ethereum COINBASE:ETHUSD . Solana was coming off a double bottom and a price spike gave the sign for where to put the stop loss....
How to trade double top how to fix sl how to fix tgt for more confirmation use indicators ie adx macd rsi ema