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Identifying Fakeouts: So how can traders identify fakeouts and avoid being trapped? Here are a few strategies: Look for volume: One way to differentiate a genuine breakout from a fakeout is to look at the volume of the move. If the volume is significantly higher during the breakout, it is more likely to be genuine. On the other hand, if the volume is low during...

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Support and resistance represent key junctures where the forces of supply and demand meet. In the financial markets, prices are driven by excesses of supply (down) and demand (up). Supply is synonymous with bearish, bears and selling. Demand is synonymous with bullish, bulls and buying. These terms are used interchangeably throughout this and other articles. As...

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BCLX—Buying Climax. This event typically arrives with wide price bars and exceptional volume increases. Often this price advance is accompanied by bullish news or earnings. Trader, speculator, institutional and public buying is intense on this ‘good news’ breakout to new highs. The C.O. must sell into this advance and therefore the volume will be large. At times...

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How does a trendline work? The classic way to draw trendline is by drawing a straight line connecting a series of swing highs or swing lows. An up-trend line is drawn through the swing lows and a down-trendline is drawn through the swing highs. In that way the trendline is acting as support to an uptrend or as resistance to a downtrend. Trendline are often...

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Price doesn’t stay under the last swing lows because there’s no supply from sellers to keep it down. The demand from buyers forces price action back up over the last swing low support. If there is no selling pressure at lower prices then demand will come in and the chart will rally. Wyckoff Springs can occur in any market and on any time frame. Considering higher...

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Here is a simple price action strategy anyone can trade on almost any time frame. This forex breakout strategy is based upon a simple price action formation called the Breakout-Retest formation. The key element involves price breaking a major high or low with a very impulsive move. The impulsive move suggests commitment from the institutions pushing price and...

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In a downtrend, prices fall because there is an excess of supply over demand. The lower prices go, the more attractive prices become to those waiting on the sidelines to buy the shares. At some level, demand that would have been slowly increasing will rise to the level where it matches supply. At this point, prices will stop falling. This is support. Support can...

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Learning chart patterns might be the fastest way to making consistent money in the stock market. For centuries, the market has displayed the same characteristics, over and over again. After all, it’s all about the buying and selling, supply and demand. Human emotions plotted on a graph in ticks and candles and lines and bars. To that end, the more you learn about...

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How a Flag Pattern Works Flags are areas of tight consolidation in price action showing a counter-trend move that follows directly after a sharp directional movement in price. The pattern typically consists of between five and twenty price bars. Flag patterns can be either upward trending (bullish flag) or downward trending (bearish flag). The bottom of the flag...

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What Is a Trendline? Trendlines are easily recognizable lines that traders draw on charts to connect a series of prices together or show some data's best fit. The resulting line is then used to give the trader a good idea of the direction in which an investment's value might move. A trendline is a line drawn over pivot highs or under pivot lows to show the...

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Financial institutes do not make a sudden investment in any trading instrument. They spend a lot of money on analysis to get the best trading result. Furthermore, they play with the money that is often impossible to arrange by retail traders. Smart money makes several steps in their trading based on the availability of the price. For example, if a bank wants to...

Lavin123

Financial institutes do not make a sudden investment in any trading instrument. They spend a lot of money on analysis to get the best trading result. Furthermore, they play with the money that is often impossible to arrange by retail traders. Smart money makes several steps in their trading based on the availability of the price. For example, if a bank wants to...

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What Is Fair Value? "Fair value" is a term with several meanings in the financial world. In investing, it refers to an asset's sale price agreed upon by a willing buyer and seller, assuming both parties are knowledgeable and enter the transaction freely. For example, securities have a fair value that's determined by a market where they are traded. In accounting,...

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Long btc. The market does not work off of precise levels and exact prices: levels can often be better thought of as “zones,” extending 10-20 pips around a given price point. (Depending on the pair in question, and your broker, you’re already looking at a few pips of variance just in terms of spread.) Furthermore, it’s quite common for professional and retail...

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This occurs when price makes a lower high (LH), but the oscillator is making a higher high (HH). By now you’ve probably guessed that this occurs in a DOWNTREND. When you see hidden bearish divergence, chances are that the pair will continue to shoot lower and continue the downtrend.

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The three-drive pattern is a lot like the ABCD pattern except that it has three legs (now known as drives) and two corrections or retracements. Easy as pie! In fact, this three-drive pattern is the ancestor of the Elliott Wave pattern. As usual, you’ll need your hawk eyes, the Fibonacci tool, and a smidge of patience on this one.

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4 hrs order block mitigation of inefficiency. What is an Order Block? - The Order Block is a specific price range or candle where institutions will be buying or selling against the retail trend/dump money. Institutions leave order blocks for themselves to trade at a later stage. They will reverse the price to a previous order and then driving the price hard in...

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Ltcusd at very important level if breaks this horizontal level the target would be around 240