This kind of price action happens all the time, you just have to spot it while it's happening so that you can plan your trade and execute. I have put this together to give you an idea of the type of things I look for in the hope that it can help you too.
Once price action has made a clear impulse to the upsides and taking out previous structure that's our first...
It is official- Inflation is no longer “transitory,” according to the US central bank. After blaming rising prices on pandemic-inspired supply chain bottlenecks throughout 2021, the Federal Reserve swallowed its pride, admitting inflationary pressures are far more structural than “transitory.” Economist Mohamed El Erian called “transitory” the worst call in the...
Hello Traders!
Do you ever wonder, "When is the trend ending?" or "When should I change my directional bias?"
Many traders find it hard to figure out not only how to choose a directional bias for the day, or how to change their bias if they are on the wrong side of the trade.
In this educational video tutorial, I provide simple confirmations to discern when...
General RSI Indicators applied to the ETCBTC D chart (where present). This helped me in taking in the lesson below from Crypto Cred.
I hope others find it useful.
Source Used: Thanks Crypto Cred!!
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www.babypips.com
WHAT ARE PSYCHOLOGICAL LEVELS AND HOW DO THEY WORK?
Psychological levels are market price levels which are often key levels in forex denoted by round numbers. These round numbers frequently act as levels of support and/or resistance.
Psychological support and resistance consistently work because of fundamental human disposition. Human beings value simplicity;...
Where do you place your stop loss? 🌐
First, read our tutorial about market orders and limit orders:
Your stop-loss is such a limit order that you place above the point of collision of the trend lines that print the technical pattern on your chart:
- If...
Let's look at different chart patterns which help the traders to analyze the market. Chart patterns are a way of viewing a series of price actions that occur during a trading period. It can be over any time frame – monthly, weekly, daily, and intra-day. The great thing about chart patterns is that they tend to repeat themselves over and over again. Let's look at a...
Hello and welcome to a small series I thought I would start to help people understand market charts. Enjoy and leave me a comment about what you liked or didn't like. Thank you for your support!
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Take a...
Hello Traders , Have a nice weekend.
it's good to learn something even if you knew it before,Seriously some of you know all these patterns but don't know how to use them.
First we have to draw our support and resistance area in higher time frames , then we switch to lower time frames to see a candlestick pattern and now you can enter the trade after a little price...
Hello guys,
Now that the market is pushing down and we all know what's about to happen, I thought let's not talk about the obvious analysis and learn something.
Today I decided to teach you guys about four famous chart patterns so that maybe you can cheat a little on how to play with this market.
I have set out 4 patterns for you:
1. Bullish Flag Pattern
2....
One of The Most Used Bearish Patterns: Descending Scallop
· The descending scallop is a bearish reversal pattern.
· Descending scallops are common topping chart patterns.
· This is a downward trending char pattern.
· You can support me with your likes.
· Also you can share your opinion with me in comments.
· Attention: this isn't financial advice we are...
Long term analysis shows NIO may still be extremely weak and ready to be a leader on the downside.
Are the bulls here to stay and can they save NIO? NYSE:NIO
Hello, dear subscribers!
Today we are going to examine a very interesting chart pattern which can help you to find the hidden danger in the market.
The dead cat bounce is the reverse bearish pattern, hence the market should be in the uptrend before it's formation.
After the swing high point is reached the sharp price drop usually follows. When we are able to...
Hello, dear subscribers!
Today we will continue to consider the chart pattern. The risisng wedge is the topic of this article.
We can see the rising narrowing wedge formation when the scatter of highs and lows is decreasing during the time and price make higher highs and higher lows. There are clear support and resistance lines which have different angles of...
Hello Traders!
Have you ever wonder why the market turns back after the clear breakout of the trendline and even after a perfect retest?? Here is your answer. There must be The J shape above that trendline or above that resistance because this J shape mostly forms above the resistance.
This J shape pattern occurs again and again and it's easy to find because...
Moving Averages Crossover Divergence Masterclass Part 2
In the previous masterclass, we saw two different ways of using MACD as an indicator. In Part 2, we'll look out for two other ways to use MACD along with other indicators.
The two previous ways were:
1. Centreline Crossover
2. Signal-line Crossover
Moving forward the two more ways are:
3. MACD + Awesome...
