so just have a look right at both price bars and ask yourself at this current moment do you really think gold is still gonna move higher ? yes might creep up a little bit more but this does show more signs for moving lower again at some point in time my overall bias for gold is to move higher eventually but i cant see this happening anytime soon and just look at...
Just a retrospective view on what has happened on this stock, we wait to see the end of it, I like the way the heights were reached a clear double top, and the continuation patterns along the way down. one of these days the turn shall come. I am keeping my eyes open here and my options too.
USDSGD Targets (Red Horizontal Support Resistance Line)
NZDUSD Parallel Channel (Equidistant Channel) (Flag)
Look For Buy Opportunities Above 110.210. Look For Sell Opportunities Below 110.048.
FORMATION ANALYSIS: PRICE PATTERNS AND CHART FORMATIONS A trend setting of technical analysis is formation analysis. In doing so, certain combinations of movement and correction are considered. If such a combination is detected, the trader can try to trade the resolution of the formation. Basically, a different is made between the trend continuation formations...
Hi Guys, please like me now and follow me on tradingview.com/u/omidmokri/ I'm going to show you my Bitcoin trading plan in USDT and Break-even level of various Miners for BITCOIN. Look at the latest analysis update The illustrations are illustrative. As you remember English is not my native language (i'm KURD and VIVA ROJAVA), so please don't judge my English...
looks like we have some resistance around the 1.33 area we need to get through
Trading patterns is legit. But always wait for a breakout and a confirmation. We have there an HnS, clear in m15TF. A bearish Flag and an Engulfing in H4. This shows the pair's power is still favoring the bears.
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...
Something went really wrong last night during the student meetup session. This was the topic on Support and Resistance I love to cover and teach my students the support line with the clock is the 2nd chance entry for me to engage in a buying opportunity and Magic Candle should appear on the support line when the market break and close below the consolidation that...
price action is all about pattern repetition here u will c same structure not so long ago now it repeating if u hopping to buy wait fo break up then buy
Horizontal Support Resistance, Diagonal Support Resistant (Parallel Channel), Dynamic Support Resistance (EMA 10 EMA 20), Pin Bar. Enter at Horizontal Level Exit at Horizontal Level Enter at 50% Retracement of Pinbar. 50.0 Fibonacci Retracement Level. Exit at Horizontal Level of the Equidistant Channel. (Target 1) Exit at the Measured Move Measured Objective of...
Flag and penant formation on Hourly TF. Possible downward break.
Flag, pennant and triangle These figures tell us the trend continues. Flag has even structure, doesn’t contract or widen. It’s just a flat with slight slope against the major trend. The indispensable condition is the availability of a flagpole – a swift and strong movement toward trend and the following stop. At this moment, the market take a short rest and gains...
This post is for educational purposes only. Will get updated. Feel free to comment below.
Basic Market Structure and Pattern Behavior applied on every timeframe and any markets (stocks, crypto, fx, futures, indices etc). Common Patterns I showed on the chart: Double Bottom / Triple Bottom Bull Flag / Bear Flag Ascending Wedge / Descending Wedge / Expanding Wedge Head and Shoulders / Inverted Head and Shoulders Cup and Handle / ...