As far as we all know, Trading - its sum of probabilities! The best combination to use "standart" technical tools and price itself. As we can see using this two methods its easly to spot the KEY LEVEL ( which are very strong). Tnx tradingview for the tools avaliavle here :P
The flag pattern is fairly simple with just three components. 1. The flagpole 2.The flag A strong up trend Ideally, we want to see a retracement of 38.2% or less for trend continuation. To trade the flag, you can time an entry at the lower end of the price channel or wait for a break up above the upper channel. Look to take profits by projecting the length...
DIVERGENCES are used to forecast an upcoming Price Reversal or Continuation. There are 4 different types of Divergences and the first ones are Regular Bullish and Regular Bearish Divergences. What are they? Regular Divergences are when the price movement is contrary to the indicator movement. Signal for an upcoming Price Reversal, trend is about to change. Then...
Im closely following price action on this pair. I found this textbook 2618 trade setup. The 2618 trade is essentially a less aggressive approach at entering the classic double top/bottom pattern. It uses trend continuation type of entry in order to get involved in a counter trend opportunity since before entering, the trader seeks confirmation that the trend has...
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Hello Traders, Correction in a channel/triangle for wave b or x Your reflection and contribution to this thought analysis are highly honored. Thank you.
I like to think the 21EMA is a good indicator of price action and when used together with candle stick, it is powerful. Look at the 8 purple balloons that I have circled. Notice each succeeding upmove is evidenced by a bullish engulfing pattern, i.e.. 1-2 green candles closing higher than the previous red candles. Sometimes, it is obvious, others less...
Trying to figure out how reliable Joe Ross' 1-2-3 technique is with respect to crypto trading. I know old school traders have been using it a lot with >70% success rate. The definitions are simple and must be followed precisely. Details on the technique can be found here: technical.traders.com
github.com " We have started labeling the claims of block rewards, as they are the most obvious transactions between t and z addresses, and found that these transaction take up over 87% (98K transactions) of all transactions from a t-address to a z-address. This trend has been decreasing, as for the last 10K blocks this ratio is only 80% (4500...
Price knows where these 3 ma indicators are. Once you see the trend pattern, don't let your emotions determine your trading, be wise. Wait for the pull back and continue with the trend. Leave a comment below how you determine the trend and how you trade it.
I see these alot. Descending Heartbeats.. I'm interested in this case that when the gap closes after a 3 candle flatline there is a Bullish run up closing the gap.. I went a little too complex initially grouping this guy with the AH.. Let's Break it down a bit more.. It looks fairly symmetrical if you draw it like this.. I've included two fib measuring tools...
These are the Big 3 rules. Long trade example Short trade example This is one of many trading strategies taken from our Trading Strategies Library For more information on this strategy or one you are interested in learning about, leave a comment below or visit our website
Price dropped to 50% fib retracement then reversed long. First Entry would have been after 1 candle pullback @ 8010.00. Original buy stop was 8110.00. First take profit would be swing high. Price hit swing high and broke above it. Nice to watch and learn how this pair reacts to fast drops in price.
The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. The future direction of the breakout can only be determined after the break has occurred. Even though a continuation pattern is supposed to breakout in the direction of the long-term...
PFF formed a downtrend parallel channel. A downtrend parallel channel (bearish channel) is a continuation pattern that slopes down and is bound by an upper and lower trend line. The upper downtrend line it is called main line and marks resistance and the lower downtrend line it is called channel line and marks support. For a bearish channel, the main line extends...
IBB formed a rising wedge. Both lines are uptrend. The angle of ascent is steeper on the support line. The pattern form highs higher than previous and each low is successively higher as well. After a few attempts, the prices finally break through support. To confirm the breakout, the price should close below the support line, if so, make a short. The profit...
USLV, shows a symmetrical triangle pattern breaking at the top indicating a possible long position, supporting the breaking trend by a MA indicator, below the price.
GBP/USD in this lateral movement we can see 5 lines wich indicates supports and resistances, the green arrow shows the moments when the price prove the line without breaking it, instead the orange arrows as the resistance endures the price.