This is always one of the biggest challenges to becoming a full time profitable trader.
Almost all traders will have a battle against becoming consistent.
Its something that I definitely struggled with when starting out in my trading journey. I would go through weeks of profitable trades and building my account and then equally go through losing streaks and...
In this post, I'll be providing an easy yet comprehensive explanation on the Evergrande crisis, and why it's important for us to understand the situation.
Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own...
Hello everyone, as we all know the market action discounts everything :)
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NOTE: some pattern could be reversal and continuation patterns depending if its in an uptrend or downtrend.
Today's video will be about the Candlestick Chart :...
I took a couple of months off to read a book i found on Amazon on Andrew Gann the inventor of GANN theory. After finishing his article i theorized that it could be transformed in these modern times. This will a Membership to perform, Alerts mean allot to people that want to automate the thought process behind this. Please note that i am not a paid person posting...
Today we will talk about ATOM, one of the most stable cryptocurrencies in the long term. Will the ATOM price be able to gain a foothold above the previous all-time high? What are the prospects for continued growth from current prices? Why is there a very high chance of a collaps e of the ATOM market now? We will talk about all this in this idea.
So, we can see that BTC has been following the projected pullback, but will it fall even deeper? To answer that question, we can look at the past performance here on the weekly chart. Interestingly, each time BTC has tested the 50 week moving average (in orange) from above, it eventually failed and dropped below it, initiating a continuation of the bear market....
Welcome to this analysis about Bitcoin and the weekly timeframe perspectives. In recent times Bitcoin is still holding above the 40.000 USD which is initially a good sign however there are also still strong resistances above in the structure and in case Bitcoin pulls back from these this can lead to a move below the important psychological level of...
ADA pushed from the below support zone almost reached its strong resistance area. Now facing sell pressure at the level. Price can take a pullback from here around $2.12 and below. Bids will remain the same unless resistance is broken.
EURJPY completed a small head & shoulder pattern at the end of the wave.
The probability is very high that we may see a correction or a total reversal up to the top again near 130.40
Thank you and Good Luck!
Here on AUDUSD, we can see a clear inverse Head and Shoulder pattern in development.
After price has strong bearish phase down from the left shoulder correction, we did not see further bearish downside continuations.
Instead, what we see is a reversal impulse phase, this is a first sign and clue from the price that the bearish momentum could be...
AUDCAD current trading paterns are clearly pointing in the direction of a short
That is why I am bearish on the AUDCAD pair
And I think it will go down
Like and subscribe and comment my ideas if you like them!
ZOOM is tested the previous low at $274.
Any break below that price area will increase the chances for more downside up to $254 where the price may find the next strong support zones.
So the reversal zone that I am looking at is between $254 - $274.
Thank you and Good Luck!
Sellers have given up the pivot, and after clearing FED, buyers are eyeballing pressure towards $46, $49 and $58 above.
A more solid representation is our long-term chart in BTC, but GBTC is also playable.
With sellers showing a lack of necessary tenacity, and...
Advanced Micro Devices rallied hard on strong results in late July. Now almost two months later, the chip stock may be ready for another move.
Notice the slow and lazy pullback since early August, which resolved with a quick test under $100 on Monday. AMD came within $0.28 of its previous peak from January 11. That might be close enough to say old resistance is...
ARKK currently in a no-man's land. But there are some signs of weakness showing up.
It looks like it is better to stay out of ARKK for now.
Next major supports around 95 and 70. Confluence between monthly opens and 50% retrace levels.
On Monday, the index has opened with a huge gap and in the next 3 trading days was trying to fill this gap.
However, the bulls are very weak, and this is more of a technical rebound, not buying pressure.
I expect a new leg down, and 4240 support can be the short term target
Bear market rallies,by definition are often just liketoday's extreme bounce back.
They are designed to fool almost everyone into thinking that Monday's sharp high volume sell off,
was yet another in a slew of selloffs that should have been bought, rather than sold.
The S+P 500 is now building a "broadening top" formation, a very bearish potential pattern
This has overshot my expected sell level a little but it looks like this might become a false breakout and we'll be into a butterfly pattern. Butterflies often can come with news events, so I'd not be surprised to see something of that nature. We need to get back down under 4350 but if we can get to trading 4330 sort of price I think it's highly likely we'll go on...
New support on 1740 remains valid and can pump price once again if it touches.(1760 is also local support too)
Targets and resistances ahead:
notice: if the price manages to break the support here then the market will continue dumping to targets like 1680 and that daily support zone.
DISCLAIMER: ((trade based on your own decision ))
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On Gold we got a brand new trend line yesterday:
the price is now trading within a falling wedge pattern,
nicely being rejected from its upper boundary.
Now the blue contracting area on the chart serves as our intraday/daily supply zone.
From that, I will expect a bearish continuation.
Next support - 1750
Yesterday I've argued that Silver can drop hard if it breaks the flag pattern.
After the spike on FOMC XagUsd has dropped again, giving us a clear signal that the pressure is on the sell-side and at this moment is trading at 22.60, exactly above the horizontal short-term support and the ascending trend line of the flag.
I maintain my bearish outlook and I'm...
A short ⚠️disclaimer before we start:
the rules that will be discussed in this post are applicable only for technicians - traders that are relying on price action/structure/etc.
Also, we assume that structure levels do work and for us, key levels are considered to be the safest trading zones/points.
In order to increase...
Just wanted to point out some TradingView hotkeys that I use the most:
* ALT + H = Horizontal line - a great way to quickly mark the round numbers on your chart or tight support/resistance areas.
* ALT + V = Vertical line
* ALT + T = Trendline
* ALT + I = Invert the chart - probably the most interesting hotkey. Do you have some trouble taking "SELL" ideas?...
Just thought I would show you an interesting way to see who is making the right calls before a stock or (crypto)currency makes a significant bullish or bearish move.
With so many people posting on TradingView it can sometimes be hard to know who to follow.
This is a way to see very simply who is making more accurate calls and best of all it IS NOT influenced...
Yes, this is risk management.
Without proper risk management, your trading strategy based on levels, indicators, patterns, etc.will not make any sense.
Any trading strategy should be supported by strict risk management, where the maximum allowable losses per transaction and the risk ratio are observed:the profit is always...
This is a combination of Fibonacci and Gann fan/retracements.
The script can automatically draw as many:
as the user requires on the chart. Each level set or fan consists of 7 lines based on the most important ratios of Fibonacci/Gann.
What are Fibonacci...
Pullbacks are always hardest part of the trade and when it happen, we struggle to make decision on whether to continue the trade and wait for recovery or cut losses. Similarly, when an instrument is trending well, it is often difficult decision to make if we want to take some profit off the table. This indicator is aimed to make these decisions easier by providing...
I spent a lot of time searching for the best ZigZag indicator. Difficulty with all of them is that they are always betting on some pre-defined rules which identify or confirm pivot points. Usually it is time factor - pivot point gets confirmed after a particular number of candles. This methodology is probably the best when market is moving relatively slow, but...
For a few months I have been getting requests from my followers about ABC pattern and finally I decided to make this indicator.
How it works?
- It creates Trend Cloud using Simple and Exponential moving averages with the lenghts 50, 100, 150, 200, 20, 40 by default and checks the trend. you can change the lengths as you wish
- It also creates...
SOLBTC is going to test the daily resistance 🦐
If the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h...