Hello Everyone,
In this video, we discussed briefly about
Different Reversal Chart Patterns
Zigzag and Patterns Ecosystem of Libraries and Indicators developed in Pinescropt
Recursive Reversal Chart Pattern Indicator
Adding the snapshot for reference
Link to the Indicator:
Search for Zigzag and Pattern Ecosystem libraries and indicators in my...
Hey traders,
In this article, I will share with you the list of 4 best reversal price action patterns.
📍Ascending & Descending Triangles
The main element of the ascending triangle as the REVERSAL pattern is the BEARISH impulse leg, preceding the formation of the pattern.
The pattern consist of 2 main elements:
a horizontal neckline based on the equal...
Most investors can never control their inner greed and blindly chase market trends after missing a reasonable entry point.
Impatience often leads to premature positions, which means enduring market fluctuations before the expected uptrend or downtrend materializes. In this situation, you often cannot hold on or your stop loss level will not allow you to hold...
Hello all. Today we will talk about the reversal pattern "Quasimodo" or QML. Schematically it looks like this:
The price moves in the trend, in POI the structure breaks and after that, the price can not update the previous HH and the downward movement continues (consider a schematic example).
In this example, after the breakdown of the structure, the price...
Head and Shoulders pattern
This lesson will cover the following
What is a “Head and Shoulders” formation?
How can it be confirmed?
How can it be traded?
The Head and Shoulders pattern forms after an uptrend, and if confirmed, marks a trend reversal. The opposite pattern, the Inverse Head and Shoulders, therefore forms after a downtrend and marks the end of...
Hello, my dear friends and happy New Year!
I wish you to be healthy and reach all your goals in trading and not only! Never give up on this difficult way which we are going to overcome together!
Today we have a very important topic. How to use Elliott waves instead of classical chart patterns. This is the natural exposure why the chart patterns are garbage. I...
The plan was to do a series of posts on popular chart patterns as well as advanced chart patterns we use in Camelot. We did this earlier in the year so we're sharing it again, also as a reminder for us to continue with this in the new year as a series of educational posts to help traders in their day to day trading. There are many ways to trade patterns,...
Chart patterns are visual representations of price action. Chart patterns can show trading ranges, swings, trends, and reversals in price action. The signal for buying and selling a chart pattern is usually a trend line breakout in one direction showing support or resistance is overcome at a key level. Stop losses are usually set on retracement back inside the...
TRADE 1hour/30 minutes, there are many visible/ trustworthy moves in there..
Every move in 15mnts?1hour/30 minutes influences the whole day chart
So check for every move IN 1hour/30-minutes TF(draw trendlines and analyze the every move the market makes in the 1hour/30 minutes TF)
Trust ME
So for every move made in 30 minutes you take(provided move perfect AF)
i...
Learn my step-by-step guide for Head & Shoulders pattern trading.
This video includes important theory and real market examples.
❤️Please, support this video with like and comment!❤️
This is just your typical head and shoulders pattern, but when a range is so tight, you'll just see one after the other after the other. It's pretty bizarre. I'm declaring this fractal as a "shake-n-bake" pattern where h&s leads right into another h&s of equal size and volatility
A Trader asked me, if I could show how I approach my analysis. And this is what this Video is about.
At the end we even have a potential trade and definitely a chart to observe.
What you will see is:
- the big picture
- swings
- Andrews Pitchfork
- the sine-wave pattern
...and even the classic Head & Shoulder, which reveille where the meat is.
Let's start...
You probably heard of the Head and Shoulders chart pattern. There are two versions of the 'Head and Shoulders' in the markets. The pattern that resembles a human figure standing upright is the BEARISH version where we would like to see SELLS in the market.
The pattern that resembles a Human figure hanging upside-down is called the "Inverted Head and Shoulders"...
✅It is difficult to overestimate the importance of the classic continuation and reversal patterns. For a real trader trading on the Forex market, it is huge, because these patterns make it possible to predict the behaviour of the price.
⚠️If one of the trend continuation patterns appears in front of us on the chart, it means that the usual correction...
Hey traders,
Inverted head and shoulders pattern is a classic reversal pattern.
It signifies the weakness of buyers in a bearish trend and a bullish accumulation.
⭐️The pattern has a very peculiar price action structure:
Trading in a bearish trend the price sets a lower low and retraces setting a lower high (left shoulder),
then the market goes lower setting...
There are a number of reversal patterns that playout time and time again. The most reliable of the reversal patterns is the "Head & Shoulders" top and bottom. Some technicians don't like to use the term head & shoulders as it's used quite a bit and not all reversal patterns are confirmed and end end up being consolidation patterns instead. Whatever you like to...
