A symmetrical triangle is a geometric formation found in technical analysis, often appearing during periods of market consolidation. It's characterized by converging trendlines, typically drawn by connecting a series of lower highs and higher lows. This pattern reflects a balance between buyers and sellers, signaling indecision in the market regarding the future...
The S&P 500 Bullish Percent Index is a breadth indicator that tracks the percentage of stocks in the S&P 500 that are on buy signals according to point and figure charting. Point and figure charting is a technical analysis method that focuses on price movements and ignores time. The Bullish Percent Index is thought to be a contrarian indicator, meaning that when...
When the VIX is high, it typically indicates that investors are anticipating increased market volatility and potential downside risk. While this might seem counterintuitive, it can present opportunities for savvy investors. A high VIX often accompanies market sell-offs, which can lead to lower stock prices. For investors with a long-term perspective, high...
In a week, another bitcoin halving is expected to take place, which is expected by many cryptocurrency traders. Cryptocurrencies are still a dark horse for traders: sharp price fluctuations in both directions, high volatility attract traders with the supposed simplicity of making money. And although many consider the industry a bubble, there are still enthusiasts...
The Intricate Dance of Gold and the U.S. Dollar The relationship between the U.S. Dollar Index (DXY) and Gold prices is a fascinating study in economics. Typically, these two have a reverse correlation. The reason for this inverse relationship is that gold is priced in U.S. dollars. Therefore, when the dollar strengthens, gold becomes more expensive for...
After that, it's leverage. The issue for me as a long-time trader, is people these days don't seem to have time, patience or the ability to absorb information. They read an article or watch a few seconds of a stream and assume they know! I am not just talking crypto, I mean in general. The attention span of a fish. I read a pretty decent article by this...
This strategy is intended to be a method to help to differentiate a pullback from reversal. Here we're using the butterfly pattern which is a continuation pattern, but the failure of this continuation pattern can mean the failure of the trend. It's a very useful signal that can be used on all time frames. You can find great examples of this before crashes...
If you want to learn Smart Money concepts, but you don't know what to start with, this article with help. I will share with you 5-steps Smart Money Concepts learning plan . 5 important topics to study in SMC. Topic 1: Market Structure - the analysis of a behavior of a price on a chart. In the contest of Smart Money Concepts you should learn: -SMC...
Before we dive into the world of trend lines, I recommend familiarizing yourself with the support and resistance zone Here we go: Trend lines are one of the most universal tools for trading in any market, used in intraday, swing and position trading strategies. Properly drawn on charts, they help to predict the direction of price movement and identify trend...
Hello! ➡️In this lecture, we will cover one of the most common or popular correction options - triangles. I remind you that we are now considering various correction structures that are encountered both separately and can be part of more complex structures. ➡️Triangles are probably the most popular pattern for all beginners, yes, and not only beginners. It is...
Bitcoin and Bitcoin and more Bitcoin
Hello, friends!Some EDU today!💪 Triangle chart patterns, a discreet yet powerful tool in the world of technical analysis, hold the key to deciphering market trends. These geometric formations are not just lines and shapes on a chart; they are windows into the psychology of market participants, offering insights that can guide strategic decision-making. ...
👩🏻💻 Welcome to the 4th lecture on Elliott Waves! ➡️In this lecture, we will start discussing the variations for corrective movements. Let's begin with the simplest one - it's zigzags. ➡️By correction, we mean the construction "ABC" after an impulse. This reminds us of a zigzag, hence the name. Also, we can encounter it in each corrective wave, that is, "2" and...
Introduction to Calendar Spreads Calendar spreads, also known as time spreads or horizontal spreads, are advanced options strategies that involve buying and selling two options contracts on the same underlying asset, such as the S&P 500 Futures, but with different expiration dates. The strategy aims to profit from the differing time decay rates of the short-term...
Introduction CAPITALCOM:DXY TVC:BXY TVC:EXY TVC:JXY TVC:CXY TVC:AXY TVC:SXY TVC:ZXY In short, we introduce the importance of economic indicators in forex trading and explain how they can show the health of an economy and affect the strength of the currency. GDP Growth Rate What it is: Gross Domestic Product growth rate measures economic...
Today, I'm excited to introduce you to two effective trading strategies designed for Renko charts. Renko charts, unlike traditional Japanese candlestick charts, focus solely on price movements, offering traders a unique perspective on market trends and opportunities. Before diving into the strategies, let's first understand the basics of Renko charts and how they...
Main price pattern of financial instruments So, when we talk about the price of financial stuff, like stocks or crypto, it often moves in specific ranges over different timeframes, right? Whether it's weekly, daily, hourly, or even minute charts, prices tend to hang out in these ranges for a while. Traders call this kind of price movement "consolidation,"...
Hello, today I would like to introduce you (although I'm sure many of you are familiar) with such technical analysis patterns as double bottom and double top! They are often encountered in the cryptocurrency market: both in Bitcoin and in various altcoins. Trading double tops and double bottoms is a commonly employed strategy in technical analysis by traders...