From the chart, there has been an increase in gold in a close-knit candlestick pattern, with it increasing value. This has caused a bearish flag to arise. This is recognised due to: 1. quick increase to reach the basis of the flag. 2. once it was reached began forming an upwards flag shape with close-knit candlestick high/ low closes. 3. once the flag lines...
Dear Traders, Please, find our instructions on the chart. Good luck
FUSIONGAPS (FG): DIFFERENTIAL FUSIONGAPS (DFG): Currently showing the BTCUSD (1M) chart, with only the 50/15 DMA FG oscillator shown. The y-axis for the FG and DFG charts are both set to log-scale simply to allow comparison with historical behavior here.
these could turn into huge runners
BTC update, a live trade in LTC, and a few more Crypto ideas
Hello, everyone This is a threads of my reading notes for the great book: [ Technical analysis using multiple timeframes ] And here is the notes of chapter 13, how & when to sell short I will go through all of key points of this book, and find proof from the bitcoin chart. Why to selling short? from the book : bear markets occur every 39 months on average...
Daily candlestick failed to break and close above previous 3-months high. Daily bullish candle close around 97.5 price area may lead the price to go low around 96.75 price area and previous daily low during NFP later this night. Analysis solely based on technical, no fundamental involved.
After quite a drop we're now seeing a ascending triangle formed. Since I find the 'textbook" ascending triangles not very clear (some say it is a continuation pattern, some say reversal) To start learning more about this pattern I'm going to publish it here so I can find it back later on. Give me some feedback about what you think this pattern would do after the...
Identifying a Right-Angled Broadening Wedge Right-Angled Broadening Wedges come in two varieties, ascending and descending. They consist of a horizontal trend line and a sloping trendline. The Ascending Right-Angled Broadening Wedges (ARABW) have an ascending trendline above the horizontal trendline with price action in between. The Descending Right-Angled...
As seen please pay close attention to what is showed on the chart.As this will help you become a better trader and will help you find a Downtrend to trade on to earn the profits you deserve.
NZDUSD is a pair I’d like to put my focus on from now on cause I adore the way it respects price action. On the daily TF we’ve rejected the previous daily high 0.6940 with a somewhat tweezer tops and on the last day of last week we closed with a strong bearish engulfing + theres a little wick on the downside so it’s also somewhere between a shooting star and...
The price of Gold has complex relationships with Stock Markets and the US-Dollar (among other things). In the screencast I point out some of the complexities looking back to 2007-2009. This is relevant to the current situation with Gold.
This is a nice case study in the usefulness of mating momentum indicators (if you could call averaging out candlesticks a la 'Heiken-Ashi' an indicator...). 'Heiken-Ashi' translates to 'average bar' in Japanese, and aside from being aesthetic as hell they're also a great way to cut out noise. Since the Heiken-Ashi candles are formed from an average of the...
This educational screencast is I hope useful in showing how price action can be assessed from various perspectives. It is now pretty late in the game to short ULTA. See ULTA - Journey South ? (from 20th Nov 2018). I expect FOMO bulls to rush into ULTA, fighting for a few crumbs! LOL. That expectation is based only on human psychology. Make no mistake, it is...
In my previous screencast of 17th November, below all this text, is the story of someone (not from Tradingview) messaging me to ask if NVDA was good to buy. They were disappointed when I simply said "No". In the current screencast I follow up on how the FOMO bulls were punished for attempting to hunt a gap too early. This screencast is not advice. I am not...
Understanding the definitions. Here they are, well this is my own definition, but look into any book it will be quite similar. I will post examples to show why that makes sense. First, this applies to anything that has enough participants, and enough market cap. I do not have an exact number, but if something is not public or next to impossible to trade kind of...
A Head and Shoulders Pattern is a chart formation that resembles a baseline with three peaks,the outside two are close in height and the middle is highest In TA this pattern it s essential to predict when a bullish trend will be changed to bearish This Head and shoulders pattern appear when: After long term bullish trend the price rises to a peak and after...