HBAR presents a good example of how simple market pattern trading using measured moves still work quite well. As these are moves in crypto, the measured targets exceed recommended lengths for a typical pattern trade, yet still line up quite well in continuing to use the same measurements beyond 1x -> 1.5 or 2x. First, a parallel channel containing a...
Patterns are the distinctive formations created by the movements of security prices on a chart and are the foundation of technical analysis. A pattern is identified by a line connecting common price points, such as closing prices or highs or lows, during a specific period. Technical analysts seek to identify patterns to anticipate the future direction of a...
Tools(Indicators) used: Supertrend Indicator from KivancOzbilgic no changes. EMA used twice. Set Length on first EMA at 20 change color to Blue (any you want but I will explain using the settings used). Set Length on second EMA at 50 change color to Yellow CHART 5 MINS and UP but under 1H. Preferred instrument is FXOPEN:XAUUSD Strategy:- We enter a trade...
How To Find Different Setup In a Trending Chart ? Never Rush to buy a stock or equity, you will get various chance to enter. Sometime if a stock is going up speedly and they will hunt by FOMO(Fear of missing out) and entered at wrong entry. If you will see a chart carefully you will find various setups and entry point in a chart. So don't rush find a perfect...