Hey! Hope you are well! In this chart there is a display of a swing trend. In a downtrend, there is a characteristic lower low and lower high; however, the downtrend is not officially broken until the prior high is violated. In this chart, there are three lower bottoms; the tops are confounded; the second top partially violates the first; then, the rest of the...
Hello, You may have never heard of Elliott Wave Theory before! Here is a cheat sheet for Elliott Waves for top 10 Rules, so you can master them all! print this out and keep on your desk. How do you read Elliott waves? The Elliott Wave Theory is interpreted as follows: Five waves move in the direction of the main trend, followed by three waves in a correction...
Step 1: Find two swing pivots you would like to use Step 2: Draw a parallel line along the axis of the pivot; draw a second line perpendicular to that axis of the pivot Step 3: Done! Now you have an adjusted axis What is an adjusted axis? - If looking at a coordinate plane, the normal axis goes perfectly vertical and horizontal at an offset of 0 degrees to the...
The harmonics of two are as such: 1, 2, 4, 8, 16, 32, 64 Cycles are merely sequences; sequences can be arithmetic, geometry, or some other variation ( harmonic for example is 1/n). is a sequence. If we are looking at the idea of cycles in terms of the time duration between highs, lows, highs to lows, or lows to highs, we could measure out the duration of a...
its like extension of a simple base pattern spreadig by the rule of butterfly effects with considering of crypto market atmosphere and 2 ex-waves "A" and "B", it would be easy to predict what's going to happen ... zoom out to find out the orginal A ad B you can read more about fractal and butterfly effect on my related tutorial
This is a good example of the relationship between supply and demand, accumulation and distribution (see the 1m chart insert from Friday 17th September). Price is constantly fluxing between the two forces deciding who has control of the market. At the point where the recent high fails to break, this is a strong signal that sellers could be in control and shorts...
Here is an overview of (to me) why support and resistance don't work (at a successful enough rate). If you feel like this is the case be honest with yourself. And maybe try something new. please remember the 90 90 90 rule!!! 90% of traders Lose 90% of their account In the first 90days Have a little think as to why? For the majority of newbie traders that...
My point of view for what it's worth.. -------------------------------------------------- TA= on the H1, H4, D at lower BB just holding on. MACD= BEAR, worse on the weekly, daily. Stoch= BEAR COSSED on the daily, about to on the Weekly. BIG GAP AT 90$ needs to be filled. test lower weekly BB. Market Cycle top in distribution phase. plateau Logistic curve...
Most of this is explaining why I like the silver ratio: 1+sqrt(2), or 1.4142. It may be a sort of analysis of ETH, but mostly I want to explain why I found the 0.4142 fib chart level so compelling as soon as I started using it (I tried several values and that one INSTANTLY had results, where all the others failed). I was working on this when I saw the front page...
Fractals Definition: A Fractal is a graphical figure of technical analysis which is usually used by traders to find the most appropriate entry and exit point on the market. To make more accurate decisions, a fractal is used mostly in conjunction with other indicators and methods of technical analysis since it is seen as a lagging indicator. A fractal is made...
Example of a buy fractal on Gbp/Nzd 15 minute: Rules: 1) Enter after candlestick #5 2) Put stop below candlestick #3 3) Set exit or target of at least two times risk/reward. This example is 1:2 on chart. Fractals can happen on any charts, if you scalp or day trade use them on 15 minute or 1 hour charts and maybe 4 hour charts might work. What is the fractal...
Trading with fractals is extensively used by the large market players and it is the best indicator of the fractals’ reliability. The combinations of fractals have such characteristics as self-similarity, scaling and memory of the «entry conditions», and, therefore, they can be used successfully for making price forecasts. How to use fractals in Forex Fractal...
Here you can see how an extended flat elliot wave should be counted. However there are multiple counts possible on current date, Using different geometric tools and projections, we can pretty determine accuratly where the price currently is behaving. Therefore I'm expecting at this moment a new wave up, which can be pretty str8 forward, since it is an ABC...
In this video I go over how to trade with channels and multi-time frame analsys for the best entries. I also show my way of trading fake outs on channels and building a logical and rational case for entering markets with confluence.
This will show my methodology and system for getting high risk to reward trading setups using whatever analysis that you choose that doesn't involve indiaotrs. Wyckoff, Smart Money Concepts, Price Action. But primarily this calls for an understanding of market structure.
Left BTC Q2 2019 - Right BTC Q4 2020 Bitcoin almost always ends it's moves in a parabolic fashion With $36.000 as a key strike for Derbit options we may have a powerful gamma squeeze in the making Don't FOMO the top, every parabolic move is followed by a correction