5 most important candlesticks to know!
Simplicity is the key to a positive result, and many traders ignore the simplicity of using these 5 MAIN candle patterns and the importance of each of them, as well as what they are.
Many traders complicate everything and make trading more complicated than necessary. Using only...
The Economist magazine is always very good at predicting the future. This poster belongs to them. Today, I wanted to analyze what we weren't told. I suggest you read the article about this photo in the magazine.
The Economist Article Click
The analysis will look a bit similar a coffee fortune, but please try reading it without laughing:)
Let's first start...
Trend reversal or correction chart patterns announce a reversal of the current trend on the observed chart. The output of the figure is made, theoretically, in the opposite direction to the movement that precedes the formation of the pattern. In an uptrend, a reversal pattern indicates a bearish move. On the contrary, in a downtrend, it announces an upward...
Hello everybody! I expect an upward movement in the short term, but $47150 is an excellent entry point for a sell (short) position based on: price action, premium Fibonacci levels, falling wedge targets. The first strong resistance is near $46200.
Be careful, and don't forget about capital & risk management.
Stay tuned for my future updates and more.
Best regards EXCAVO
This idea is based on the belief that the 2019 to March 2020 harmonic is repeating. We can draw two similar proportioned harmonics to the current price action that gives different paths.
This is a follow up to an old idea that so far has held.
One justification for a drop to 11k is the held belief that the current bull cycle is longer and shallower than the...
There is a lower high established off of 45K while at the same time, price is not breaking 40K. The current candle generated a sell signal which has quickly failed. This is a potential higher low scenario, which is one of the swing trade long scenarios that I have been describing recently.
IF 44K is broken, a new long signal will be in effect. The risk from this...
After the last local high at 53k from the beginning of the month, Bitcoin has started to roll back down and is making lower highs on our daily chart.
The last high is marked by a strong bearish engulfing on Friday and can signal a drop under 40k
In My opinion, rallies should be sold for a new visit of 30k
A daily close above 47k would negate this scenario
I would expect the price to come back to the equal low liquidity before we see any signs of bulls.
I would want to enter sells on a slight pullback.
If we see a pullback with signs of rejection I will be scaling in sells for a juicy drop to the downside.
Do you agree with me?
Pair Name : EUR/USD
Time Frame : 4hrs / Daily / Weekly
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
➕ Key Technical / Both Sides
Please follow the analysis very carefully and every detail of the chart means a lot. And always analysis depends on many reasons carefully studied
Always enter into deals when...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
NZDCAD is approaching daily support in green so we will be looking for buy setups.
on H1: NZDCAD is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Hope you have enjoyed the weekend.
Every week on Sundays, I mark key levels for each currency pair to see how price reacts to them in the next week.
As you see on the charts, I have marked the last Week's Highs and Lows for the 6 major pairs (actually they are 7 but there was no room for NZADUSD, but you can do that one by yourself as a...
I have not been a fan of Oil for some time, but I can't ignore this price action lately especially after last week close. XLE has cleared a key pivot out of this multi-month consolidation. We may have a perfect storm of reduced production in the new green economy merging with increased demand due to a post covid surge in economic activity. These two factors...
Spy has yet to break back into it's previous daily trend.
Momentum is quite strong but still feel the downside is in play. Typically a unforgiving market will rinse the the last buyers/sellers out. IMO this last move will break back into trend taken the last bulls to only turn around break down.
Do not listen to the news of the day MM HF just use this to...
Bad ER reception on 24th of September.
Stock gapped down.
Expecting a drift down in the next 1-2 weeks as
longs cover and funds unload their positions.
Stock is also currently not making new highs
and trading below its 50 day SMA
Welcome to this analysis about the S&P 500 Index and the 4-hour timeframe perspectives. In recent times the Index pulled back heavily after forming the 4540 and now rebounded to form an initial relief-rally, nevertheless, there is still an increased bearish edge underlying that should not be kept by the side here. On a fundamental basis the real economy...
BTC.D is printing a bearish reversal candle, i marked for you on the chart what happened every time we saw similar candles. We always saw a huge drop, and we also are near a major support zone , if we lose this support i expect us to drop -10%
Thanks for taking your time to check out my idea 😎😎! Often, my ideas are fast gone from the front page because there are...
After breaking under trend s line support of the flag, Silver dropped and confirmed 22.10 as strong support.
Here we have a long-tailed Pin Bar on H4 chart and XagUsd can work its way higher next week
I'm bullish as long as this support is intact
In our last week’s analysis, we anticipated the pair to finish the correction and make an attempt to break the resistance level. Instead, the price pulled back deeper than expected and reverted.
In the coming days, we foresee the pair consolidating above the orange trendline and head towards the resistance area.
Trade with care.
Financial Flagship ...
I am expecting some bullish price action to begin the week on gold.
Price two-step'd the low point and is now creating some bullish market stricture on the lower timeframes ready for a reversal.
I assume the price will come back to the order block that created the bearish dump so let's fade the move back up into that region.
What are your thoughts on Gold this week?
From the beginning of September, Gold remains very bearish:
the price is steadily falling within an expanding wedge pattern.
At the end of the week we got -5% decline.
Next week I will expect a bearish continuation within the boundaries of the wedge.
If you do not have an active position consider the test of...
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...
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.
In this analysis, we look at the SPX MACD Histogram on the daily, and how a clear trend is present that indicates an imminent market correction.
All 4 charts are linked below in case you'd like to take a closer look!
The trend is a MACD Histogram;
b. Breakout / Warning shot
Today we are in the middle of the breakout / warning...