In this video I try to illustrate what happens following Parabolic Price Action (when price goes vertical up or down).
In this example I show the initial move up in BTC and then roll price forward to the most recent move up in BTC. Both vertical moves were followed my reversals.
Moral of the story is when price goes Parabolic (up or down) expect a correction.
Hey!
So this is my very first video on Tradingview - I hope I did well in explaining the idea :)!
I'll put more examples (both successful and failed patterns) for you to have a look at.
Please feel free to send me your questions in the comment section below.
Have a great day!
Abdulla
Commodity & Futures Trading Commission gather data from various Exchanges and compile which are then released and are available on their
Websites - www.cftc.gov
Commitment of Traders Data = COT (abberiviation)
These data are released on Friday of Each Week after Market Closes. They are based on Positions as close of Tuesday of that week. These are compiled to...
Let me show you a great feature in Tradingview that allows you to analyze currency strength and compare different markets.
By setting up a currency strength chart, you can find out which market is leading, who is the strongest mover and which market is the worst performer.
This can help you with market selection and also help you understand what is going on in...
