📍 What is the Adam and Eve Chart Pattern?
In essence, Adam and Eve is a variation of double top and double bottom patterns and is only slightly different from the traditional double bottoms/tops. The pattern is marked by the first bottom or top, the Adam, then the price moves up or down and creates another U-shaped where we can see Eve.
📍 Adam and Eve Double...
Regardless of experience, every trader needs a plan. The key factors that can help the transaction become safer, they are the necessary strategic minimum requirements to ensure stable income and avoid unpredictable losses.
Why Do Traders Fail?
Let's take a look at the top reasons why traders lose money:
Trading is a complex process. Trading strategies require...
The price retested the broken rising wedge and was unable to continue the bullish trend.
I expect the price to retest the support areas at 3.54 levels
If this level is broken, a head and shoulders pattern will be formed, which will make the price continue to fall to retest 3.36 levels as a target for the pattern.
In this article, I have made a sincere effort to explain each and every concept of the Ichimoku Cloud indicator in a clear and concise manner. My aim was to keep the explanations as simple as possible, ensuring that traders of all levels can easily understand and apply this powerful tool in their trading strategies.
I understand that technical analysis can...
Today’s topic is going to be on three types of stop losses . This is a very critical topic because stop losses come under the category of risk management.
Risk management is such a pivotal, important and critical topic. Why? Because professional traders and investors, the first thing that they always do and constantly think about before they get into a trade or...
In this video I talk about key elements that are mandatory for your success in trading. Did I miss something? Let me know in the comments!
Please Boost this idea if you like it. This will help the algorithm and motivates me to push more educational videos for you :)
Cheers,
Ares
Recession is a scary word for any country An economic recession occurs when the economy shrinks. During recessions, even businesses close their doors. Even an individual can see these things with his own eyes:
1. People lose their jobs
2. Investment lose their value
3. Business suffers losses
Note: The recession is part of an economic cycle.
If you haven't read...
Here are the current Ichimoku Forecast Lines in the daily timeframe.
If the price gets above its Ichimoku forecast lines then it could go up to 31849 usdt.
Possible higher levels are 32904 usdt and 33789 usdt.
These levels are taken from the weekly timeframe.
Experimental observation that could mean something (but what ?) :
- Both IFLs traced from the price...
📍Types of Swing Points
A swing point on your chart is simply a turning point for price in the past, either to create a considerable pullback into an established trend, or to reverse it altogether. When a turning point creates a mere pullback it can be classified as a minor swing point. When it creates the base to reverse a trend, it is classified as a major swing...
We are going to discuss the concept of FAIR price and how it is related to momentum.
This is also a missing piece of the puzzle related to the guppy moving averages. Which never explains the logic of fair price behind the moving averages. Just saying "traders are selling" or "investors are buying" without giving you the psychology behind the buying and selling.
...
The Node Squeeze Indicator is a robust tool designed to help traders identify significant market moves in advance. By leveraging a combination of Bollinger Bands, Keltner Channels, and the Squeeze Momentum Indicator (SMI), this indicator effectively highlights periods of low volatility followed by high volatility expansion. In this post, we'll explore the key...
o read a chart effectively, follow these steps:
Choose a Timeframe: Select the timeframe that suits your trading or analysis goals. Common timeframes include minutes (e.g., 5 minutes, 15 minutes), hours (e.g., 1 hour, 4 hours), days (e.g., 1 day, 1 week), or months (e.g., 1 month, 3 months).
Understand Candlesticks: Candlesticks represent price movements within...
📚Engulfing candles are an essential feature of technical analysis in forex trading. An engulfing pattern happens when a larger candle engulfs the entire body of the previous candle, signaling a potential reversal of the current trend. Engulfing candles, which can be either bullish or bearish, are trusted by many traders for their reliability in predicting future...
WHAT IS DOUBLE TOP PATTERN?
A double top pattern is a bearish reversal chart pattern that is formed after an uptrend. This double top pattern is formed with two peaks above a support level which is also known as the neckline.
The first peak is formed after a strong uptrend and then retraces back to the neckline. After reaching back to...
Here's an example of a pitchfork drawn on the 2 weekly BNC:BLX chart, measured from the March 2020 low to the Nov 2021 high and completed at the Nov 2022 low, and then extended in direction and levels (up to 9 levels can be added).
The chart above makes for a solid example of how pitchforks can be used to derive a trend or channel and find solid support and...
The Puppet Master in his best work.
Once you see him, you can't unsee him.
Whether you are a day trader or a stock investor, you should know where the bigger player that plays the stock intends to buy or sell the stock.
If he intends to buy the stock, the stock will eventually go UP.
If he intends to sell the stock, the stock will eventually go DOWN.
You should...
Price reversed nicely from the 96.84 level we forecasted and dropped all the way down to the support target.
How did we manage to forecast this setup? Join Desmond as he breaks down the move.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be...
📌How to easily identify these patterns?
🟢Cup and Handle Pattern
The cup and handle pattern is a bullish continuation pattern that typically occurs after a significant uptrend. It is characterized by a U-shaped "cup" followed by a smaller consolidation known as the "handle." The cup portion represents a temporary pause or correction in the price, forming a...
