Support and Resistance, A way to draw a horizontal line !
Support, S and Resistance, R
1.1. Support is a zone where price moves up.
1.2. Resistance is a zone where price moves down.
- Support and Resistance can interchange when that zone is overcome by price
2. Support and Resistance levels
2.1. Horizontal line
Please consider these points. Understanding risk management intellectually doesn't mean that you are going to use it practically, especially when affected by fear and greed. You have to repeat and consciously remember it every day so that it will get to your subconsciousness.
Good luck and take care.
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Ascending Triangle Definition:
An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows.
It is defined by two lines:
. A horizontal resistance line running through peaks.
. An uptrend line drawn through the bottoms.
The higher lows...
10-year forward interest rates. This is a very important figure. The analysis is technical in nature, but I would like to draw fundamental conclusions from it. It can be seen from the chart that futures interest rate pricing on 10-year U.S. government bonds is currently rising. The main reasons for this are the rise in oil prices, which may trigger a temporary...
Today, we want to share some tips on how to create a plan. We especially want to highlight some of the tools available to you as a TradingView member.
1. Use our free paper trading tools to see what it's like to manage money. Open the Operation Panel to get started. You can find this button at the bottom of your chart. Paper trading is important because you can...
"Many are called, but few are chosen". Ever heard this proverb?
This is certainly true for trading, in fact, there is even a rule in trading about this, the 90-90-90 rule. So what does this rule say?
"90% of traders lose 90% of their money in 90 days"
That's right, statistics show that 90% of people who start trading lose the majority of their money in less...
Happy weekend and I hope this week has been good for you, in profits or lessons!
In this video we go over 4 insights that if followed can and will make you a better forex trader!
We hope the video helps you in one way or another, and if it does our job will be counted as a success!
Have a great weekend!
PS: We go over our BTCUSD long trade too!
What an extraordinary time we live in! In less than 2 months Elon Must managed to change the crypto world. With the power of a tweet, he managed to double his crypto assets value. And he is not getting a sizable fine! If any of my dear readers remember, last time he performed a similar stunt tweeting about taking Tesla private, he received a $20m fine for market...
Hope everyone had a good weekend and is ready like we are for a big week on the charts!
GU is catching our attention, fundamentals are having a major impact on the strength of GBP and it's issuing buying rallies.
We have seen the ascending price structure continue on the back of a strong push from 2020.
Generally strong support and resistance ceiling...
Breaking down through an area of consolidation after a long time building up orders in the area, Potential retest of the bottom region of the area which could lead to a potential short position down to the target areas of 1770 to 1775
This is a long position and it's a bit late for entry. It's worth watching though because of the 'theory of curves', for experience.
TOC trades are difficult and are trend following. There are no preset targets and stop-losses are difficult to define. Losses can be heavy but gains can be well in excess of 'harmonic-type' trades. Exiting this sort of trade is...
If you thought the DJI was overvalued, have a look at the India50. This thing has outperformed loads of other stock indices, even rivalling the Brazilian Bovespa. They've certainly passed the moon. Could the next stop be Mars?
Well I think a significant correction is well overdue. Of course, I don't know when that might happen. The show could start with a 5 to 15...
In this chart I dig deeper into price action and trends on the DJI on the 4H time frame, exposing a potential trap - mainly for new traders and some seasoned traders. What you don't see is most important. Lots of indicators in here - requires study. I use them only to expose what's happening.
In other charts/videos I've shown that the DJI is weakening based on...
Please take time in reading my analysis. This is what I BELIEVE the market will play out with, a lot of fundamental data and a lot of different approaches are being made to this market place right now. I very rarely look into Coins however, I've just had my phone blow up with calls asking for advise etc lol
So why not just publish this and hopefully get...
Silver took an unexpected pump north on 2021-01-28. Loads of short-sellers were taken out.
Well part of the inside story is that bandwagons of 'robinhoods' on a certain social media platform, decided to conspire and pump it. They were the same groups of people who pumped GME.
They believe they are powerful based on the GME effect, and can do this sort of thing...
- XAUUSD brokeout above the descending trendline resistance.
- Price retraced and retested the descending trendline resistance.
- Price action is printing the inverse head and shoulders pattern.
- This is a trend reversal pattern.
- A bullish pattern to be precise.
- RSI Is also printing a bullish divergence signal.
- Price is testing the neckline...
You Only Live Once! That's the sort of sentiment that's driving Gamestop north like nobody's business.
GME share price rocketed only because a bunch of Robinhoods pumped it. Then some guy who builds rockets tweeted about it, and it moved madly more north than ever.
Billions were lost by short sellers, and they then turned long joining a load of other late...
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What is a Range-Bound Market?
A range-bound market is one in which price bounces between a specific high price and a low price.
The high price acts as a major resistance level in which price can’t seem to breakthrough.
Likewise, the low price acts as a major support level in which price can’t seem to...