It was March 7th when I published my first VLO analysis: I revised my target price to 140 on April 26: then VLO went up to 148 +84% in less than 100 days..! Now you see the highest ever revenue and learning per share, but the price is 25% below its All time high??? Why? Maybe the best answer is provided by George Soros: The reality is that...
few patterns for education purpose ab=cd pattern bullish c point 0.345 bc is at 2.76
Hello friends .Based on the chart we can play with lines and patterns .New York close time is important to us .Breakout and pullback trend lines are important .HH and LL of the previous days are important for us .Times M5 and M1are important .This method has no limitations. We can use it in all markets .Follow us for more training and analysis .
In trading, research has shown that one of the reasons why most people are unsuccessful in trading is because of their in ability to follow process, to wait patiently to "check out the checklist" which when neglected can lead to some serious losses. Your ability and Willingness to wait ; not losing one's temper while waiting will help you not to only be...
In the chart there are 2 Median Lines, 1 Fan (Dr . Alan H. Andrews style) a trendline - and... a smiling dog 'cause it's Fun! Now the Median Line per 1.2.3. been shared for the first time here The Upper Parallel Median line test is where the Blu arrow is and it shows a dynamic resistance level that worked pretty well. Here is another update of the same...
The price channel is a limited trading range in which the price moves during a certain period of time. In other words, it is a "corridor" on the price chart. The boundaries of the price channel are outlined by two lines: resistance and support. A resistance level is a price level from which price reverses as it approaches from the bottom to the top. This level...
Strategy Name: 161 Rejection Type of strategy: A reversal strategy. Conditions for use: This strategy is used if there are valid Elliot wave trend legs. It is used to attempt to trade the reversal of wave 5 into the ABC correction. Drawing the fib swing: In Elliot wave, there should be a consistent trend and then this starting to get a bit more messy. The...
In this post, I will attempt to provide evidence to show why the tech-led selloff is likely to be over (for now). I will use the Nasdaq 100 (QQQ) and its inverse derivative, SQQQ, as my argument's basis. The inverse (short) ETF of the Nasdaq, SQQQ, has never closed a weekly candle above the Leading Span B of the Ichimoku Cloud (pink line in chart). Last week...
Wassup folks! In today's vid I'm explaining a new topic - How to size your position (read: how to size risk per trade). Necessary Indicators: Historical Volatility Prerequisites: 1. Have a defined trade plan. 2. Know the outcome you're expecting. 3. Have a hypothesis on how long you plan to hold the trade. 4. *not mentioned, but obviously have a way to...
Note: The bigger the gap (stronger momentum move) the more likely for price to retest that area. Dont use this as an indicator to buy or sell, use it in conjunction with other strategies you may have. This is just one way to come to a conclusion about price. I will link another video that will show the same thing utilizing other indicators. Note: I know my...
just practice harmonic lessons in im.academy Harmonic patterns are specific formations used in technical analysis that can help traders understand price action and forecast where prices may go next. When analysing harmonic patterns in price charts, a trader can make predictions about where and to what extent an asset’s price might move.
Bearish Cypher Pattern , in Elliott Wave Analysis is Irregular Flat Correction or Running Flat Correction Rules The B point stands at the end of the AB leg, which is a retracement of the XA leg. The B point must lie between a 0.382 and 0.618 retracement of the XA leg; The C point lies at the end of the BC leg and should be a 1.272 to 1.414 projection of the XA...
Bullish Cypher Pattern , in Elliott Wave Analysis is Irregular Flat Correction or Running Flat Correction Rules The B point stands at the end of the AB leg, which is a retracement of the XA leg. The B point must lie between a 0.382 and 0.618 retracement of the XA leg; The C point lies at the end of the BC leg and should be a 1.272 to 1.414 projection of the XA...
The 5-0 Pattern has the following ratios. A no specific retracement level AB leg extends XA leg between 113% – 161.8% BC leg extends 0X leg between 88,6% - 113% 113% BC leg is also an extension of AB by 161.8% – 224% CD leg should to be 50% retracement of BC The first part of 5-0 Pattern is Shark Pattern. The A-B-C leg of Shark Pattern is in Elliott Wave (w) -...
The 5-0 Pattern has the following ratios. A no specific retracement level AB leg extends XA leg between 113% – 161.8% BC leg extends 0X leg between 88,6% - 113% 113% BC leg is also an extension of AB by 161.8% – 224% CD leg should to be 50% retracement of BC The first part of 5-0 Pattern is Shark Pattern. The A-B-C leg of Shark Pattern is in Elliott Wave (w)...
The Shark pattern has the following ratios. A no specific retracement level AB leg extends XA leg between 113% – 161.8% BC leg extends 0X leg between 88,6% - 113% 113% BC leg is also an extension of AB by 161.8% – 224%
The Shark pattern has the following ratios. A no specific retracement level AB leg extends XA leg between 113% – 161.8% BC leg extends 0X leg between 88,6% - 113% 113% BC leg is also an extension of AB by 161.8% – 224%
AB = 38.2% - 61,8% of XA BC = 38,2% - 88,6% of AB CD = 224% - 361,8% of BC CD = 161,8% of XA