HNN_TRADER_LIVING_Peace

HNN_TRADER_LIVING_Peace Updated 

explain in Chart TOOL FIBONACCI RETRACEMENT (38.2 % 78.6 %) FIBONACCI Extention ( 127.2 % 141.4% ) Tactic same Garley or Butterfly for 4 Market Move 4Leg and 3 Major Fibo Zone in cluding ( X A B C D ) XA Leg like Motive

HNN_TRADER_LIVING_Peace

May be shot foe my decide The ABCD pattern is a visual, geometric chart pattern comprised of three consecutive price swings. It looks like a diagonal lightning bolt and can indicate an upcoming trading opportunity. This is a valuable pattern to know, as it reflects the rhythmic style in which the market moves. Used for: Finding opportunities Used in: Any conditions

HNN_TRADER_LIVING_Peace

Wave 5 is the final wave of the whole sequence, a terminal wave. Therefore, a deeper correction is likely to take hold. Many times, once a fifth wave is in place, expect to see an eventual correction of the entire fifth wave. Look for an initial target of the previous wave 4 and possibly lower levels.

HNN_TRADER_LIVING_Peace

Technical analysis (harmonic patterns) can be helpful when making trading decisions. But I would advise you learn more about the fundamentals.

HNN_TRADER_LIVING_Peace

he definition of a statistically meaningful trend will therefore be: If one or several regressions concerning time and values in a time series,

HNN_TRADER_LIVING_Peace

The x-wave can also be a complex correction – a double or a triple combination on its own. So, in this case, if this a-b-c is a simple correction, then there is no x-wave and the market must go like this. But let’s assume that this is the end of the x-wave, right here, and then the market goes a-b-c. The price action that follows fails to fully retrace the c-wave...

HNN_TRADER_LIVING_Peace

Profiting from Sideways Trends There are many different ways to profit from sideways trends depending on their characteristics. Typically, traders will look for confirmations of a breakout or breakdown in the form of either technical indicators or chart patterns, or seek to capitalize on the sideways price movement itself using a variety of different strategies.

HNN_TRADER_LIVING_Peace

Basics of Sideways Trend Sideways trends are generally the result of a price traveling between strong levels of support and resistance. It is not uncommon to see a horizontal trend dominate the price action of a specific asset for a prolonged period before starting a new trend higher or lower. These periods of consolidation are often needed during prolonged...

HNN_TRADER_LIVING_Peace

The bullish pattern is often seen early in a trend, and it is a sign the corrective waves are ending and an upward move will ensue following point D. All patterns may be within the context of a broader trend or range and traders must be aware of that. It's a lot of information to absorb, but this is how to read the chart. We will use the bullish example. The...