Alright, so here I will explain the idea of stacked channels on a logarithmic scale. First thing you need to do is go to logarithmic on your chart. You might want to reset the scale just for convenience so it looks nice and neat. Then you go to the channel and look, obviously we're going to start at the bottom. Okay. Now what you want to do is you find your...
Hello dear traders🙋🏻; I'm Pejman & this is the "How to get fish from channels" class. I guess you've heard, "Give a man a fish, and you feed him for a day🍣; teach a man to fish🎣, and you feed him for a lifetime." Like every other educational post, today I will teach you how to fish and make money from the Market River🏞️. As you know, fishing requires patience...
Bitcoin has made a bullish divergence on the weekly rsi, meaning the price went lower while the rsi is making a higher high. Not only do we see a bullish divergence, the divergence is happening in a falling channel. The only thing missing is a third confirmation of this bullish divergence. That confirmation can happen in 2 ways: 1: making a lower low on the...
This is an example of Channel Down and W with Fail Pattern. Found that W Pattern (Bearish Crab) within Channel down. Fail pattern occurs after Point C, thus RSI need to be reviewed. Indicator used : 1. Regression Channel Alternative MTF 2. HH-LL ZZ 3. XABCD Harmonic Pattern Custom Range Interactive
Hello my Fellow TraderZ, Today this is not any Trade idea but a TUTORIAL on how to Trade the RANGE or the CHANNEL. This is simple, safe, profitable and straight forward Price Action strategy. Here we are taking the chart of US Govt. Bond 10Y-yield. This is the perfect setup of DECENDING CHANNEL on MONTHLY chart. No time bound you can trade at any TIMEFRAMES,...
In this video, We talk about other patterns like the Ascending channel, Descending Channel, and Divergence. I hope this helps us in our journey Cheers ♥🤟🏼💡
A buying strategy in a downtrend. How to identify buying opportunity in a downtrend? Not my preference to buy in a downtrend, but that does not mean we should avoid it when buying opportunity arises. Recognizing it is a downtrend, we keep our buy position short-term; as we are going against the trend. Discussion: Rules in constructing a downtrend parallel...
Chart Patterns | Triangles & Channels 1- Ascending Triangle :- An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows. 2- Descending Triangle :- In descending triangle chart pattern, there is a string of lower highs that forms the upper line. The lower line is a support level in...
Hello everyone: Let's take another detailed look into some parallel channels structures/patterns in price action analysis. Recall my previous educational video on Ascending/descending channel correction, they are higher probability reversal price action structures/patterns. Today I want to go over the horizontal parallel channel structures/patterns as well...
Here we have a nice example of a DESCENDING CHANNEL, which is a continuation pattern. The take profit target was to 1 : 4.5 (450 pips), but you could extend it even to over 900 pips. DON'T LET ANOTHER CHANNEL LIKE THIS UNTRADED ! ! !
Here is an a example of a BEARISH CHANNEL. Successful top to bottom was 200++ pips profit each time (4 opportunities). Breakout was at 750 pips. IT'S A NICE CHART PATTERN TO TRADE ! ! !
This is an example of descending channel and I show you how to understand it with the macd 4c indicator ! ! We are always looking for DIVERGENCE.
DOUBLE BOTTOM It is a reversal pattern and it forms in a Downtrend It consists of a lower low followed by a point that is unable to make a lower low, after that price will start making higher lows instead of lower lows. This is a sign that the down move is over and price has the potential to reverse to the upside. HOW TO TRADE IT: This pattern usually...
NATGAS Descending channel on a weekly chart. The pattern is valid for the period of almost 10 years. Always start your analysis on a weekly chart. Once you identify the pattern on a weekly chart, you can rely on it for a long time in the future. Remember: The stronger the trend is, the harder it changes its direction. Cheers!