📍 What Is an Ascending Triangle? This pattern emerges when the price movement allows for a horizontal line to be drawn across the swing highs, while a rising trendline is drawn along the swing lows. These two lines together form a triangle shape. Traders actively monitor triangle patterns for potential breakouts, which can occur either upward or...
Greetings, @TradingView community! When it comes to analyzing market trends, there's a technique that takes trend theory to the next level: price channels. This is @Vestinda, bringing you a helpful article on the topic of the price channels, also known as trend channels, offer an exciting way to identify optimal buying and selling opportunities in the...
If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Well they are not mine, just some techs I use when dealing with impulses. A bit of KCT. A bit of Elliott wave and Elliot wave All consistently used in my analysis. If helpful, throw me some love and I'll post some techs on channeling...
Trend Following: A Comprehensive Guide with a Detailed Strategy Using Three Complementary Indicators Trend Following is a trading strategy that seeks to capitalize on the momentum of financial markets by identifying and riding the existing market trends. By focusing on the direction and strength of price movements, trend followers aim to profit from both upswings...
How to Use the ADX Screener. Plus= Bulls in control Minus= Bears in control ADX strength of the trend ADX is represented by Area Behind the Plot for detailed information please see the picture at the link below
A cup and handle pattern occurs when the underlying asset forms a chart that resembles a cup in the shape of a U, and a handle represented by a slight downward trend after the cup. The shape is formed when there’s a price wave down, which is then followed by a stabilization period, followed again by a rally of approximately the same size as the prior trend....
Hello dear traders🙋🏻; I'm Pejman & this is the "How to get fish from channels" class. I guess you've heard, "Give a man a fish, and you feed him for a day🍣; teach a man to fish🎣, and you feed him for a lifetime." Like every other educational post, today I will teach you how to fish and make money from the Market River🏞️. As you know, fishing requires patience...
In this educational articles, I will teach you the best price action patterns for Trend-Following Trading. 📍Ascending & Descending Triangles The ascending triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish. The pattern consist of 2 main elements: a horizontal neckline based on the...
Hello dear traders, Here are some educational chart patterns you must know in 2022 and 2025. I hope you find this information educational and informative. We are new here so we ask you to support our views with your likes and comments, Feel free to ask any questions in the comments, and we'll try to answer them all, folks. What Is a Wedge? A wedge is a price...
Trade Ascending Parallel Channel With 3 Points + Pivot Point Indicator Connect your three points using the parallel channel. First, connect two points which are your higher lows. Next, connect the third point which is the swing high. The swing high is the higher high. In this example, a pin bar formed at the higher low. Pin Bar wick touches pivot point level...
UNIUSD. When this pattern forms, expect price to drop. In this example, expect UNISWAP To Drop 391 units. Entry at 5.336; Exit at 4.945.
Bitcoin has made a bullish divergence on the weekly rsi, meaning the price went lower while the rsi is making a higher high. Not only do we see a bullish divergence, the divergence is happening in a falling channel. The only thing missing is a third confirmation of this bullish divergence. That confirmation can happen in 2 ways: 1: making a lower low on the...
Entry after price pulls back to Pivot Point and Channel Resistance Level and forms a rejection candlestick.
Connect three points using the parallel channel tool. Enter a trade at the third point. In this example, the third point is a bearish candlestick at channel resistance. Enter a trade at the 1.58898 for this example. Set Target Price at the channel support.
Watch for pull backs to the pivot point level. Next, use the parallel channel tool to determine entry points and exit points. In this example, connect two higher lows and one higher high to create a "potential" Parallel Channel. The intersection of the horizontal level and diagonal level with pin bar makes this special trade set up a high probability trade.
This is an example of regression channel with harmonic pattern. By using Simple OHLC Custom Range Interactive, we able make confluence point (blue) to get Point X of Bullish Butterfly. There are many confluence points (orange flag and teal table), which shows Point D of Butterfly starting to complete. For Point D, best to monitor price changes using RSI or other...
This is an example of Channel Up and M Pattern (Bullish Bat). Found that M Pattern (Bullish Bat) within Channel Up. Pattern already touches PRZ (orange) and completed TP1 and TP2 (lime). Indicator used : 1. Regression Channel Alternative MTF 2. HH-LL ZZ 3. XABCD Harmonic Pattern Custom Range Interactive
This is an example of Channel Down and W with Fail Pattern. Found that W Pattern (Bearish Crab) within Channel down. Fail pattern occurs after Point C, thus RSI need to be reviewed. Indicator used : 1. Regression Channel Alternative MTF 2. HH-LL ZZ 3. XABCD Harmonic Pattern Custom Range Interactive