There is no right way to do something in trading... but there are wrong ways! I see new traders making this mistake with Multiple Timeframe Analysis and I want to point it out so that they can get better!
Check out my video where I first talked about Multiple Timeframe Analysis below (Two KEY trading concepts in one example)
Fibonacci tools are in general a method of technical analysis for determining probable support and resistance levels calculated using ratios (23.6%, 38.2%, 61.8%, and 78.6%) that are derived from Fibonacci sequence (0, 1, 1, 2, 3, 5, 8, 13, 21, …). Fibonacci levels are presented in variety of forums, such as horizontal lines, vertical lines, trend channels , ...
Market Psychology simplified
Carrying on the Simsons theme - In the last couple of months, I have written several educational posts & have been lucky enough to see some being selected as "editor picks" After writing some more serious ones, I wanted to write some other posts to have a laugh.
I had some great comments, replies, and requests on the back of the...
What is the put/call ratio?
The put/call ratio (PCE) is a popular barometer of market sentiment, which shows the ratio of trading volumes of Put vs Call options. However, with distortions in the current price of nearly every instrument off the back of "free money," and persistent market intervention by policy makers, we're not quite seeing the price discovery...
After seeing incredible gains during early March, LUNA has seen a month of bearish price action.
During this prolonged bearish period, LUNA has formed a classical bullish wedge pattern, of which it is currently breaking out. If volume picks up, this break out could potentially lead to a new ATH in time. Keep an eye on LUNA!
Hello everyone 😃
ADA is moving into a pennant
Volatility is being bullish and Local bullish trendline is support movement..
Also there a MA 50 which was supported movement and it formed a bullish trendline !!
Everything seems ok in low TF; But on high TFs, There are many indicators which are reaching their buy limits..
How ever I expect...
Since the previous short-term idea in the ADAUSDT pair worked out our goal from above, it's time to look globally at the picture.
Globally, ADAUSD has been in consolidation for the second month, preparing for a breakout.
Most likely the breakout will be...
I just want to highlight my view on XRPUSD (Ripple)! (Not a setup)
We had a lot of fundamental price manipulation over the past two months including the
current S.E.C Lawsuit and other news.
Many private investors got shaken out and panic-sold their XRP Holdings.
I am a Technical Trader but Fundamentals align perfectly right now and
everything looks like we at...
GBPAUD has nice bearish price action that could give us a sell opportunity down to the previous lows.
We can see that there is a clear bearish LTF impulse phase that broke out from the ascending channel structure.
This is a great indication for further downside potential, as long as we see a continuation correction to develop and complete to...
Overview - EUR/USD's recovery from 1.17 has been quite impressive.Price has
rallied nearly 300 pips from the lows. However, it has now reached a PRZ which might
give the sellers a chance.
Analysis - From the chart, you can see that the area just below 1.20 is a crucial
reversal level which has multiple price rejections in the past. However, for the sellers to...
As you see in the 4H chart, there is a downtrend which has approached to the support level.
Price couldn’t make a higher low in the last downside move and was pushed to the upside after testing the support level for the second time.
IF price can break the 1.38 level to the upside and candle closes above this level, we might see a reversal in trend and a rise in...
The single currency has had a good run this month gaining 300 pips and reaching the important 1.2 psychological figure.
At this point, EurUsd is in a correction phase and this can be a good opportunity for bulls to jump in.
I expect 1.19 zone to be well defended and dips under can be a good buy opportunity
The target can be set at 1.2050 resistance and a dive...
💎Technical Analysis Summary💎
-ZK continue to trail below the trendline resistance
-The price is currently rejected by the 50D MA
-We haven't seen any strong move up by the Bulls
-ZK is now -60% from the high price
-When do we expect any potential reversal?
-Since we have lost the 50D MA area
-The next important key level of support is at 5...
After the price tested the low support area, something I didn't expect to happen again now, we can see a strong reversal move that can push the price higher. I hope this will be the beginning of the upward trend. In my personal opinion, $ UWMC is highly undervalued as a stock.
Thank you and Good Luck!
I am pretty fascinated by the Coinbase IPO and watched it closely today. I did not trade it or buy or sell it. I just watched. The market is really something else today. AirBnB and Coinbase are $100 billion companies. They are suddenly 1/7th the size of Tesla or roughly 1/15th the size of Google. I have no doubt these are amazing companies, but the valuations are...
TESLA broke the horizontal resistance level
And we can see that the stock is now retesting this level
But this time as a support
And I think this is a perfect time to buy
As the stock will most likely go up
Like, comment and subscribe to boost your trading!
See other ideas below too!
ALTCAP UPDATE // I expect most alt coins to dump as we havent managed to break through the 1TN resistance level twice; forming a double top. This means alt coins can lose as much as approximately 90BN of market cap all together. Of course this will be spread over all alts and I expect some smaller coins to profit from it but overall we can expect red days for alt...
Hello everyone 😃
Crypto TOTAL market cap had failed divergence on daily timeframe recently.
Now it's forming another divergence on daily timeframe !
These multiple divergences will lead the market for a mid-term correction ( not major correction )
Also we are passing pivot point based on FIBBO time-zone...
I expect a continuation of...
April 14 – US coronavirus cases increased to 32,149,660 (+78,876) with cases in California increasing by 2,458, cases in Texas increasing by 3,493 and cases in Florida increasing by 6,772.
April 13 – US CPI for March printed at 0.6% M/M and 2.6% Y/Y, compared to February’s 0.4% M/M and 1.7% Y/Y. Core CPI printed at 0.3% M/M and 1.6% Y/Y...
SOMEONE IS WAITING FOR SOMETHING SOMEWHERE 33 DAYS !!!
Money Flow (MFI)
The Money Flow Index indicator (MFI) is a tool used in technical analysis for measuring buying and selling pressure. This is done through analyzing both price and volume. The MFI's calculation generates a value that is then plotted as a line that moves within a range of 0-100,...
For more than a month now, Gold is trading in a range and looking at strong reversals from under 1700 my bias is bullish for the yellow metal.
That being said dips should be bought for 1765 resistance target and only a dive under 1720 would negate this scenario.
Indecision on the market is changing to a clear bullish mood
And the price action on the lower timeframes is clearly supporting this narrative
Therefore, I think now is a good idea to go long
Like and subscribe and comment my ideas if you like them!
We're seeing a massive landslide of wins across the economic data spectrum this morning, with Retail Sales coming in hot at 9.8% vs the 5.3% expected, Retail Sales ex-auto coming in at 8.4% vs the 4.9% expected, jobless claims coming in at the lowest level since before the pandemic at 576k vs the 695k expected, and finally continuing claims came in at 3.73MM vs...
Overview - Gold is consolidating in the resistance area for quite sometime now.
Right now, the odds for sellers and buyers are even.
Analysis - If you look at the chart, you can see that price is moving in a
narrow range in the resistance level. So, the sellers have not been able to
dominate the price action here. Right now, the chances for both buyers and...
It all starts with a positive outlook on the market situation, which leads the trader to open a trade. The trader is looking forward to future success.
The market starts moving in the predicted direction. The trader anticipates events and hopes that success is assured.
The market continues to move in the direction the...
In this article, we will present some basic information about the bedrock of technical analysis – the trend.
Technical research is founded on one main assumption: market prices move in trends as they are freely traded. Traders and investors hope to buy a security at a low price at the outset of an upward trend, ride the trend, and then sell the security at a...
What is a Whale, and Why is Archegos Capital One?
Archegos Capital is what's called a "whale," meaning it's a big enough hedge fund that it can drive prices higher all by itself. Since a lot of traders buy "momentum" stocks, whales can make money by manipulating prices higher and then selling to "dumb money" that buys momentum stocks without regard to...
The Fibonacci Channel is a technical analysis tool that is used to estimate support and resistance levels based on the Fibonacci numbers. It is a variation of the Fibonacci retracement tool, except with the channel the lines run diagonally rather than horizontally.
The tool is used to aid in identifying where support and resistance may develop in the future. If...
This script is a grid bot simulator for ranging/choppy markets. Prices are divided into grids, or trade zones, that will trigger signals each time a new zone is entered. During ranging markets, each transaction is followed by a “take profit.” As the market starts to trend, transactions are stacked (compare to DCA), until the market consolidates. No signals are...
Fibonacci Speed and Resistance Fan is an analytical drawing tool used to indicate the support and resistance levels of an existing trend and the price level at which possible changes in the trend may occur.
A Fibonacci Speed Resistance Fan consists of a trend line drawn between two extreme points - a trough and opposing peak or a peak and opposing trough - on...
This script isn't about creating a correlation script with labels, there is a perfect working example of @Mango2Juice
(Correlation Matrix, which was inspired by @Daveatt's Correlation Matrix)
The intention was making it with the use of as less code as possible, looping through array's
The Pine correlation function doesn't work consistently in a local scope...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.