we are looking good for a nice drop. I will be looking for the market to test this resistance area. We may see a fake to the upside before dropping so be careful.
Here we take a look at trading pullbacks using the Keltner Channels. I cover the initial setup, the types of entries, and trades to avoid.
This setup contains 3 parts:
The channel touch
The Pullback
The Entry
The Channel Touch
Here is an example of the beginning signal in our setup, a band touch. The top and bottom bands represent the ATR (Average...
Hey Rich Friends,
Happy Wednesday!
I wanted to share one of my top 3 favorite indicators with you.... The Stochastic (STOCH). As a leading (vs lagging) indicator, it is perfect for beginners because you can find entry and exit signals with only a few key details.
Adding the STOCH to your chart:
1. Search the indicators for "STOCHASTIC" and click once to...
The Power and Beauty of Price Gaps
Price gaps represent a clear imbalance in supply and demand, making them one of the purest representations of momentum in financial markets. These gaps occur when there is a significant disparity between the closing price of one period and the opening price of the next, indicating a sudden surge in buying or selling pressure.
...
In times of geopolitical turmoil or war, investors often seek refuge in currencies perceived as safe havens. several currencies are considered safe harbors due to their stability, liquidity, and low risk of depreciation. Some of the notable safe-haven currencies include:
1-US Dollar (USD): The US dollar is often regarded as the ultimate safe-haven currency due to...
WATCH SUPPORT LEVELS TO PAY ATTENTIO!
Short Term Price Target
$155.27 to 146.54
1. Tesla's Stock Price Below $100.00: The fact that Tesla's stock could drop below $100.00 suggests a significant bearish sentiment in the market. Investors may be concerned about the company's performance or broader economic factors impacting the stock.
2. Possibility of Dropping...
In this video we take a look at a trend continuation trading strategy. I explain my approach to trading how I identify a trend and what I look for for high probability trade opportunities. As always the information is for educational purposes only and not to be construed as financial advice.
Today's focus: BTCUSD
Pattern – Range, seller test.
Support – 62,000 area
Resistance – 73,000 area
Hi, traders; thanks for tuning in for today's update. Today, we are looking at BTC on the daily.
With sellers continuing to check buyers, it continues to look like we could see a new move at support. But for now, buyers continue to hold firm from around the...
Start your week by identifying the key price levels and trends.
The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex.
*KEY
Trend direction is set by the slope of the VWAP
Trend phase is determined by the current price relative to the VWAP (20) level and Elliot waves
Support & Resistance are set by the...
Support and resistance levels, the bedrock of technical analysis, are fundamental elements. They serve as critical points that delineate potential price movements and are pivotal in decision-making processes for traders and investors alike
The basis:
There are several fundamental concepts in trading that remain the same over a long period of time. Among them,...
It is official. Inflation is back. But not everywhere. Food inflation is on the decline. All three major crops, Soybean, Wheat, and Corn have declined substantially. Bearish sentiments rings loud across agri with ample supplies combined with solid harvest expectations.
Among crops, corn has fared best. Its prices have not declined as much. Corn outlook is...
Despite recent market jitters and bearish sentiments stemming from a significant drop, I remain bullish on Bitcoin, particularly in a higher time frame analysis. The recent downturn may seem daunting, but it's crucial to recognize that such fluctuations are often part of Bitcoin's volatile nature, especially in the midst of its ongoing bull market trajectory and...
Definitions
Buy call option – a stock option is the right to buy a stock (but not the obligation) at a certain price for a limited period of time. The price at which the stock may be bought is called the striking price.
Three terms describe the relationship between the stock price and the options striking price: At the money / In the money / Out of the...
The point of this chart is not to look at future peaks, although we will touch upon it. The point is to take a dive into the indicator called the BTC log regression {Rainbow Dark} that is based on the Fibonacci sequence and the possible transition to the lower band from the top band.
Bitcoins entire history has been on the upper band of this log and in...
Welcome to a pivotal moment in the Bitcoin market! As we witness the launch of several spot Bitcoin ETFs, including giants like Fidelity's FBTC, Bitwise's BITB, and Franklin Templeton's EZBC, the landscape of cryptocurrency investing is evolving before our eyes.
First-day volumes paint a promising picture, with funds that 'Buy Bitcoin' directly, such as FBTC...
Watch the video and original text here:
News:
''Italian Prime Minister Mario Draghi has tendered his resignation after populist coalition partner Five Star withdrew its support in a confidence vote.
The former head of the European Central Bank (aka SUPER MARIO of Printing) has led a unity government since February 2021.
However, the president refused to...
This is a long analysis I made both for myself and to share it with you,
I have to say that, I don't usually trade Gold.
And I won't be able to comment on the current state of world and news.
So this analysis will be focusing only on the charts,
please consider the market data and news before taking any position.
I summarized everything at the end of the post...
...
Ready, set… plan? In this guide, we discuss why you need to plan your trading before trading your plan. Let’s roll.
Table of Contents:
»Importance of a Trading Plan
»The Successful Trading Plan Doesn't Exi...
»What's in a Typical Trading Day?
»Markets, Strategies and Styles
»Summary
Venturing into trading without a plan is akin to setting sail on the ocean...
