A pattern in the COT reporting curve to determine long-term trend or bias (BIAS). With a scope from several weeks to months. Of course, reports arrive with a delay, but on a long-term scale this is not a big problem.
Many people use divergences, or SMT in the teachings of Smartmoney Michael Huddleston (ICT), when analyzing charts. Why not use COT and divergence...
Hello traders❗️ This is Viktor and Strifor team❗️ We welcome you to our learning content, where we briefly talk about the main things and learn how to apply our knowledge in practical trading.
The topic of today's lesson is Break Level . So, let's see what it is☝️
❗️To get know more about levels support this video with a like and a comment, follow us and...
🟢The triple top is a very powerful reversal pattern. Visually, it represents three consecutive peaks approximately equal in height. Formally, it can be considered as a special case of the head and shoulders formation, whose head height is approximately equal to the shoulders. Moreover, the differences between them are purely academic, since, from a practical...
1. Key levels breakout
Bulls/bears become strong enough to violate a key support/resistance and are willing to push to new lows/highs
The best opportunity for trade entries.
2. Trend continuation
Strong bearish/bullish trend following movement.
More and more trades join the rally after a breakout.
3. Consolidation & accumulation
Oversold/overbought condition...
Hello,Traders!
Japanese Candlesticks are thought to have been invented by the Japanese rice traders
And then made their way into the West where they were used for stocks, forex and commodity trading.
Reading candlesticks is quite easy: the body represents an area that indicates the price distance between the open and close of the candle, while wick’s ends...
A bit of humor at the start of the work week.
Everyone knows that the needs of a trader are different from those of a “mere mortal”. So I decided to draw my "Forexlow's" pyramid.
How do you like this hierarchy of needs?
Do you agree?
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
We have many people who are just learning to trade, so I want to help you with this.
For professionals - Reminder.
THE IMPORTANCE OF PATTERNS
1) How to use Forex Patterns
Patterns are often found on the PICTURE chart, which are formed due to price movements. They are not easy for beginners to notice, but for professionals they are GOOD helpers in predicting...
