Dear traders,
In this video I want to look at some basics of Elliott Wave analysis and how to spot top/bottom or reversal of a trend. There are specific patterns that can help us define useful set-ups for potential trade idea.
Hope you will enjoy the video.
Descending broadening wedge happens during a downtrend. which in case of breaking the Resistance of the wedge it can bring in a good setup for a long on the asset.
Price makes a low and rises. We then track price as it rises away from the low. We are looking for lower highs and lower lows in a tight range.
The lower highs make a falling trendline, this forms the...
Hello Traders!
Have you ever wondered when will a strong trend end? Do you struggle to spot candlestick patterns that potentially signal when the bulls or bears might take over?
Take a look at this example of EUR/CAD and let's see how the trade plays out! :)
About the Inverted Hammer Candlestick Pattern and Why It Forms:
The Inverted Hammer is a bullish...
Hello traders!
Today we will talk about weekly USDJPY chart and we will show you many evidences for a potential bottom formation.
Well, for the begining let's talk about wave structures from Elliott Wave perspective. USDJPY is in a downtrend since March, but the wave structure is slow, choppy and overlapped which we see it as a complex corrective W-X-Y decline...
Bullish Hammer Candlestick
These candles are easy to spot and they generally have taller wicks than their bodies, resembling a hammer's handle and head.
They tend to close without (or with very little) upper wicks.
Here's what a bullish hammer candlestick is telling us:
Price opened near the highs of the candle and although sellers initially succeeded at...
Hello traders!
Today we will talk about cryptocurrencies, specifically DASH in which we potentially see the bottom and bullish reversal.
Well, what we have noticed in the Crypto market is that we usually see some trend changes at the end of the year. Let's take Bitcoin for example; BTC topped at 20k at the end of 2017, then bottomed at 3k at the end of 2018 and...
