Following patterns are found for data of 2015 to 2019 (5 years data) on weekly candle chart. Channel pattern Flag Patterns Currently running Head and Shoulders pattern Remarkable zone 1, 2 and 3 Head & Shoulders pattern is still uncompleted with right shoulder. The neckline target is 10063 At the remarkable zone, its has highly ...
From the chart, there has been an increase in gold in a close-knit candlestick pattern, with it increasing value. This has caused a bearish flag to arise. This is recognised due to: 1. quick increase to reach the basis of the flag. 2. once it was reached began forming an upwards flag shape with close-knit candlestick high/ low closes. 3. once the flag lines...
Flags and Pennants Pattern We will now analyse the flags and Pennants Pattern, two other Patterns of the technical analysis. Flags and Pennants are short-term continuation patterns ; are among the most reliable Patterns and they represent “short breaks” (not longer than 20 sessions) during a Trend, before the Trend continues to go in the initial direction. Let’s...
Good morning, traders. Bitcoin made a strong move this weekend. Make no mistake, it's been tough as there has been significant resistance, but price has moved up in spite of that and is now sitting just above the two month long descending channel resistance. In making this move, price has pushed beyond the green price target from last week and is above the daily...
Good morning, traders. Price continues to consolidate within a flag/descending wedge. The target based on the height of the wedge remains, as it was yesterday, the ascending red "neckline" of the possible IHS. But, as I mentioned previously, we need to see increasing candle spread and expanding volume as the right shoulder is completed and price pushes through the...
Hey, I am back, this time with something, kinda unusual, and I dont know If you like this kind of stuff, but here is some education for you to make a better trading decision in your future! Okay, so I would like to teach you a bit about MACD and how is this indicator connected to trendlines. In this chart you can see three flags , each flag can be bullish ...
Hello! I start my EDUCATION Lessons with a "Bull Flag" chart pattern! A flag pattern is a trend continuation pattern, appropriately named after it’s visual similarity to a flag on a flagpole. A “flag” is composed of an explosive strong price move that forms the flagpole, followed by an orderly and diagonally symmetrical pullback, which forms the flag. When the...
Hey guys, just wanted to post this quick educational analysis of what a bear flag looks like and how to calculate the measured move. Pretty straightforward from the chart, but if you have any questions feel free to comment. Also, this bear flag ties in with my other idea that is linked below in case you want to see how it plays along with the current situation....
The Flag Pattern is derived from the concept from Elliott Wave and a breakout technique. Practical Exercise 1) Identify a corrective move that look like a Flag Pattern, it can be any currency pair, any timeframe. 2) Record down where does price move after the completion of the Flag Pattern, and how far it travelled. 3) Post your exercise on the comment...
Hi fellows, Many people was requesting entry and stop placement on trend continuation patterns so i decided to post this stuff so that they can understand how we place trade based on trend continuation patterns Using following trading strategies These trading strategies have a one condition and that is there must be an impulse before placing trade on trend...
I've already written my "Trading Recap" blog post for today but I wanted to share something with you guys. For you guys that have been following along with my blog you know that I've been working on an article looking at professional athletes and professional traders. One of my main comparisons is the amount of preparation and review that both do. Just like...