THE BULLISH IMPULSE LEG
A bullish impulse leg is a strong move in price action to the upside.
The impulse leg can be a mixture of bullish and bearish candles, but must have a bullish overall direction.
The start of the impulse leg should be marked as X and the top of the impulse leg should be marked as A.
B LEG RETRACEMENT
Now that you...
I don't see anyone talking about trading books so I'd like to share a few books that I read over the years and invite you to comment below with yours.
Regardless of whether you are a novice or an experienced trader every book has something to teach and it is quality time to spend off the charts.
Since I got so amazed by the Gann fan and the Fibonacci time zone I tried to apply both to the historic Bitcoin chart and they align perfectly.
It may look like I drew the purple line of the Gann fan manually below the low of summer of 2013 and the blueish line by myself above the last two peaks, but no - actually the Gann fan is showing up there automatically...
As many of You are familiar with the Cypher Pattern.In this Scanerio We have Cypher Last Leg in formation which will complete the Pattern and from where we can place our Long position
Typical Cypher has these Fib Levels
1- Cypher pattern starts with the X and A points
2- Point B retraces to 0.382 – 0.618 Fibonacci level of the leg XA
3- Point C is formed when...
The relative strength index (RSI) is a momentum indicator. It is primary used to attempt to identify overbought and oversold conditions. It is considered overbought when the RSI indictor is above 70 and it is a sign to make a short, and oversold when is below 30 and it is a sign to make a long.
EURUSD formed a falling wedge, both lines are downtrend. The angle of descent is steeper on the resistance line. The pattern form highs lower than previous and lows lower as well. After a few attempts, the prices finally break through resistance.
To confirm the breakout, the price should close above the resistance line, if so, make a long. The profit target is...
Hope this idea helps!
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Hello TradeIndicator followers! We wanted to record this video to show you exactly how we are making profitable trades on USDJPY for Forex currencies. We are using three of our most powerful indicators to make consistent profits and we want you to do the same. Watch the video above to...
So many people blame the unpredictable price moves on the whales. (As if the whales aren't investors, too). In lack of better words these people are blaming the unknown for their failure to understand the market's environment.
Not to mention spending hours or days over-analyzing a fake rally that is 100% going to deflate
So, Dogecoin Shill, what do I do to...
Here's a clear example of price structure: a few days ago the resistance level at 123.00 (tested multiple times in the past) has been broken and now it has been retested as support. Today's candle seems to confirm such level is holding as support but wait for candle closure.
-Micro downtrend broken and is now being retested on the backside
-Longer term uptrend has a 3rd touch and aggressive bullish candle from the two trend lines
-Support & Resistance in the purple zone
-Correlation with bullish AUD
*Did not look at trading plan before executing this trade*
*Similar to the AUDJPY call but this was a little...
-1hr structure continuation to the upside
-Long bullish hammer on MA
-Previous Resistance becoming support
-4 hr doji candle
-Woke up late and rushed
-Wasn't even supposed to be able to look at charts this morning so grateful for that
-Skimmed through analysis
-Didn't read through my trading plan
This education idea uses "9 Seasons Rainbow Indicator" to discuss long trade signals based on specific scenario.
The combinations of seasons on different time frames form patterns; some patterns have high probability of success for trading.
"Long Signals of OverSold above Bull or BullRest Seasons" is one of the best signals, which serves as a bottom finder....