HOW TO FIND ZONES
Zones are those spots on the chart where price has repeatedly reversed.
However, it may be difficult at first for you to find these zones on the chart.
There are several sneaky shortcuts that you can use to help develop an eye
for finding zones. Some zones are extremely obvious and easy to find. Other
zones are a little bit trickier and may...
A sideways market, or sideways drift, occurs where the price of a security trades within a fairly stable range without forming any distinct trends over some period of time. Price action instead oscillates in a horizontal range or channel, with neither the bulls or bears taking control of prices.
Support and Resistance Levels Trading Strategy. What is support and resistance? Support and resistance levels are horizontal price levels that typically connect price bar highs to other price bar highs or lows to lows, forming horizontal levels on a price chart.
HOW TO FIND ZONES
Zones are those spots on the chart where price has repeatedly reversed.
However, it may be difficult at first for you to find these zones on the chart.
There are several sneaky shortcuts that you can use to help develop an eye
for finding zones. Some zones are extremely obvious and easy to find. Other
zones are a little bit trickier and may be...
Forex high and low strategy. The forex high and low strategy is based on the concept that if the price of a currency pair moves past the previous day's high or low, then the market will continue in that direction of breakout.
The forex high and low strategy is based on the concept that if the price of a currency pair moves past the previous day’s high or low, then...
The Cypher Pattern
The Cypher pattern starts with the X and A points.
Point B retraces to the 0.382 – 0.618 Fibonacci level of the leg XA.
Point C is formed when prices extend the XA leg by at least 1.272 or within the 1.130 – 1.414 Fibonacci extension.
Point D is formed when it retraces the 0.782 Fibonacci level of XC
Support
Support is an area on a chart that price has dropped to but struggled to break below. The diagram above shows how price drops down to the area of support and subsequently ‘bounces’ sharply from this level.
In theory, support is the price level at which demand (buying power) is strong enough to prevent the price from declining further. The rationale is...
