Today’s lesson is an introduction to the inside bar signal and how to trade it. It’s really one of my favorite patterns to trade, especially on the daily chart time frame. Why, you ask?
It’s simple. The inside bar pattern shows a pause or indecision in the market, and depending on the surrounding price context it formed within, this provides us with an extremely...
Inverse Head & Shoulder Pattern Tutorial -
Invesre Head & Shoulders pattern is similar to Head & Shoulders pattern but reversed. The inverse Head & Shoulders is observable in a downtrend and indicates a reversal of a downtrend.
The formation of a Inverse Head & Shoulders pattern resembles a baseline or neckline with three bottom where the middle bottom is the...
What Does Market Really Follow?
We all know that market is normally run by based on Technical Analysis, Fundamental Analysis, and Trading Sentiment. If you want to get a high result on your trade, you must combine these 3 analyses.
As USD and Gold both are safe-haven currencies and reserve currencies as well. USD and Gold have a negative co-relation. If the...
this learning with BTCUSD htf 1D
so, basically, this is the action of buyers and sellers
Formula : X + Y = 0 with HLC (high low close)
1D : close candle
X : (-) minus
Y : (+) plus
Body : candle mother
Wick : line high or low
Next support BTCUSD on 30500 if crash we see 29k 28k stop on 26700.
If you notice that in the previous Bitcoin crash, there was a move during which the bearish move did not go above the previous candlestick, in other words, no previous candlestick broke until a long shadow candle (pin bar) was formed and Then a powerful ascending candlestick broke its previous candlestick and then an ascending movement was formed ... such...
Gold had formed a clear support during London Session on the 30m and 1h timeframes. We had strong bullish momentum so my bias was bullish in the short term. I then switched down to the 15m timeframe to look for a good entry to minimise drawdown.
When a bullish 15m candle closed starting from support, I waited for the next candle to form bullish and my final...
📈 This Is DrgonFly Doji Candle >> Make Change In Direction 📈
1- Appears At The Bottom Of a Downtrend
2- Shows The Rejection Of lower Prices
3- Give Bullish Signals (BUY)
Stop lose Under Candle Low
Target 2x Stop
We recently posted about Gold and how to execute with better entries off of using price structure and patterns.
The last comment we made is that we would be keeping a close look at Gold for any pullbacks that could show good price structure for potential buying signals inline with the current underlying bullish trend.
We have zoomed into the 15 Minute chart to...
As I said earlier today, volume plays a very important role in breakouts. you see an upward breakout and the price closed a candle above the pennant but without any considerable volume, and it reversed all the way down.
Good Luck With Your Trades. ;)
.618 Fibonacci Retracement
Most Popular Retracement
Important retracement for a stock that is selling off after completing a good Rally.
#BharatForge is a perfect example of .618 Bullish Retracement and its amazing to see how prices rallied after hitting .618 retracement
Trade Consideration ( Refer Chart )
Point #1 : A good rally
Point #2 : A sharp Sell-off
Here we have Really good Setup and price also holding Very well
1) we have very big Wick (shadow) Candle this is the alert time in any trade.
2) we have doji which is for reversal (not all the time) but Volume is good
3) we made bullish candle and bouncing from Support support is Solid.
so when we find the good Support we are ready to buy the retest as always...
-When there is a consolidation happening on a pair, this would be an excellent opportunity to look for a breakout and a reversal of the support/resistance of the consolidation box.
-For these types of setups we need be patient and see how price will move to either the upside or downside.
-Once we see a breakout of the consolidation box then it is essential to wait...