This post discusses the usefulness of technical indicators. We can conclude that the question of whether or not technical indicators are useful depends on many aspects, such as indicator settings, interpretation methodology (contrarian/trend following) etc.
1. Introduction
Since the introduction of technical indicators, academics have produced a significant...
Hi guys. 💋Well, let's continue develop ourselves???💪🏻
Ok, now let's start from the few words about theory of cycles💪🏻
🌀The theory of cycles is more developed at the theoretical than at the practical level, and deals with cyclical fluctuations not only in prices, but also in natural phenomena in general. Almost all methods of technical analysis fit into this...
Ascending Triangle Definition:
An ascending triangle is a type of triangle chart pattern that occurs
when there is a resistance level and a slope of higher lows .
It is defined by two lines:
. A horizontal resistance line running through peaks.
. An u ptrend line drawn through the bottoms.
The higher lows indicate more buyers are gradually entering...
Introduction of Head and Shoulders Pattern
Technical analysis is a necessary thing to select the positions of perfect entry and exit. For that, There are many patterns available for trading, the head and shoulders pattern is one of them. This article is all about the head and shoulders pattern. In simple words, this pattern includes three triangles. The first...
Gann theory has been widely used in various fields of finance. To learn to apply the Gann angle line, two problems need to be solved, namely, point selection and volatility. The question about volatility is in the Gann angle line. This article will mainly talk about the problem of selecting points.
The selection point of the Gann angle line is generally selected...
Ascending Triangle Definition:
An ascending triangle is a type of triangle chart pattern that occurs
when there is a resistance level and a slope of higher lows .
It is defined by two lines:
. A horizontal resistance line running through peaks.
. An uptrend line drawn through the bottoms.
The higher lows indicate more buyers are...
A channel forms when price action is controlled by 2 parallel, sloping lines ... Conservative traders may look for additional confirmation before entering a trade.
The main rules for an ending diagonal
This pattern subdivides into five waves.
Wave 2 never ends beyond the starting point of wave 1.
Wave 3 always breaks the ending point of wave 1.
Wave 4 usually...
I’ve been trading in the “old days” (that is the late ’90s) in the stock market of my country. Back then you had to call your broker. If you managed to get through to him you gave him a range of prices and then he would call the guy in the dealing room and if you were lucky he would buy or sell your stock with profit. Sounds crazy to the young guys now, I guess. ...
USDCAD is coiling for its next move.
The higher lows suggest strength, but USDCAD needs to secure a close above 1.34200 to open the door to the 1.35000 area.
Keep an eye on 1.33720 in the event of a pullback.
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. ....
USDCAD is coiling for its next move.
The higher lows suggest strength, but USDCAD needs to secure a close above 1.34200 to open the door to the 1.35000 area.
Keep an eye on 1.33720 in the event of a pullback.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. ....
Hello everybody and welcome,
I hope you'll have a pleasant time reading this. And I also hope it'll somehow be useful to you.
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Let's face it, your biggest enemy in trading is not the market, not the hedge funds, not the banks, it's...
In this mini-class, I want to discuss the H4 and H1 and Daily timeframe on the BItcoin price using the BItcoin as example of the manipulation. That is simulated and experimental what will be happing in case that doesn't have a bullish movement and bears take the domain again.
Look in the H4, we could see a formation of bearish rising wedge, but yesterday we see...
Anything can happen
You don't need to know what is going to happen next in order to make money
There is a random distribution between wins and losses for an y edge
An edge is an indication of a higher probability of one thing happening over another
Every moment in the market is unique
Hello friends! Let's keep learning?😉
Today we will talk about Trend continuation patterns 💪🏻
LET"S GOOO🐱🏍🐱🏍🐱🏍
🐂 Bull flag 🐂
The principle of bullish flag trading, like all technical analysis figures, is the same - a breakout of the control point is required. As soon as a breakdown has occurred, you can immediately post the target. The target in a bull...
What makes the chart interesting today is that:
. BTCUSD challenging the Wedge's UpTrend.
. A break bellow Wedge's UpTrend could push the pair to its $10,400 ~ $10,500 previous support areas.
. A rejection at the Wedge's UpTrend, however, could lead to another retest of the Wedge's top.
Will the BTC see an downside breakout against the USD?
No one knows it! We...
What makes the chart interesting today is that:
. GBPAUD challenging the 1.8415 ~ 1.8450 resistance zone.
. Min 450 pips room to run. A break above 1.8450 could push the pair to its 1.8900 previous areas of interest.
. A rejection at the Flag range resistance, however, could lead to another retest of the Flag’s support.
Will the GBP see an upside breakout...
What makes the chart interesting today is that:
. GBPAUD challenging the 1.8415 ~ 1.8450 resistance zone.
. Min 450 pips room to run. A break above 1.8450 could push the pair to its 1.8900 previous areas of interest.
. A rejection at the Flag range resistance, however, could lead to another retest of the Flag’s support.
Will the GBP see an upside breakout...
