This uses BE as an example of what I do when I calculate the Fibonacci retracements and extensions, which are used to measure corrections and future price targets. Retracements I start by finding the location of a correction. I define a correction as anything the closes below the 20 period moving average. The lowest point in that correction becomes the first...
Quick Video Tutorial on how to use the TradingView Fibonacci Extension tool to measure Risk to Reward and even manage trades. Also how to combine the Fibonacci Retracement tool with Stochastics to measure pullbacks during a trend.
I've had a few of you guys asking me about how I determine my corrective/reversal points per fib, and since I had a great trader teach me the ropes on how fib moves, I thought I would do the same. Follow each colored arrow to its respective fib. These are typical fib patterns to see on retraces. The same happens in bear markets. Also, you will need to apply...
The “OOPS pattern” was developed by trader and author Larry Williams. It was named, according to Williams, for the all too common experience among traders when a broker would call his clients to report that a position was stopped out and say, “Oops, we lost.” This was due to the market gapping from one trading day to the next due to an overreaction from some...
If you see ads for trading schools about 3 trades that "will make you a millionaire." This is a set up that will make you $ 98% of the time or more. I've learned them trading crypto they might help in cannabis/ violatile stocks. 1st SWING HIGH: this is a bull run with a 23% retracement. A LOT of traders trade-off 23%. if the retracement breaks 23% it will most...
Hello traders, after Easter, we share another educational video. Today´s topic is focused on drawing support and resistance levels. Many traders draw LINES and they think the market will bounce exactly from that level. The truth is, you can never do that . Instead, it´s better to understand the S/R level as a zone WHERE you can EXPECT some activity. Nobody...
13 APR 20 Bitcoin Clock is now reporting the Bitcoin Block Halving will take place on May 11, 2020. The note on today’s chart helps me remember how long I have been aiming for the target of $3,113.05 (or lower) per Bitcoin. Since September 3,2019 the original target date has been before the beginning of June 2020. So now that 2020BS (Black Swan) is well...
Is this current battle at 10153 USD simply the 50% retracement level (of June - December 2019)? 13880 USD = June 2019 peak (which was actually near the 61.8% Fibonacci retracement of the (19666 - 3122.28 USD) bear years! See between lightblue and lightgreen 13346 USD) 6425 USD = December 2019 bottom (and it stabilized around the 23.6% Fibonacci retracement 7026...
Knowing the difference between the two can spell the difference between a big win and a big loss.https://www.tradingview.com/x/NudVctLI/ LEARN MORE
Hey everyone, third Video about fibonacci. In this video I talk about Fibonacci-Retracements and how you can use them for your trading. :-) Peace and happy learning Irasor Trading2ez Wanna see more? Don`t forget to follow me! Any questions? Need more education or signals? PM me.
Hey guys, this is the first video about FIBONACCI and some theory "behind the scenes" which is meant to show you how Leonardo Fibanocci disvoered an additional law. Hope you enjoy itt :-) Peace and good trades Irasor Trading2ez Wanna see more? Don`t forget to follow me. Any questions? Need more education or signals? PM me. :-)
BITFINEX:BTCUSD "The chart speaks louder than words" Daily bitcoin technical analysis with fewer words and more information so that you can have maximum information just with a glance without wasting any time. Timeframe: 4 hr Sentiment: Bearish (four hourly)/ Bullish long Target: $8000 Any thoughts on technical analysis of BTC are always welcome in ...
We here learn to observe the higher time frame 360, and analyse 1D that RSIPL are crossed down parallel. So lower than daily time frame= 540, 360 allows for trend entry at a 360 RSIPL and 'TSL initial cross down for max profit. On 180 as on 360 allowed for entry using the RSIPL/TSL crosses down. Also observing Phaser very near price as it 'pushed' priced down...
Dear Friends :) This is an educational post about the Cup and Handle pattern. I have noticed, that many people tend to misinterpret how it works. This is from an actual trade I made yesterday, which I made a bit of money on. Normally we want the following for a Cup and Handle Pattern to be valid: 1. We want the cup to be an U-shape and not V-shape....
Fibonacci retracement is usually used to measure a correction of a prevailing trend. Using these ratios, we can often have an expectation of where a correction will likely complete. Practical Exercise 1) Pick a currency pair, it can be any currency pair, any timeframe. 2) Based on the most recent development in price, apply the fibonacci retracement...
Sell GBPJPY (educational) "kalbotical retracement confluence 1" 1. Up Trend line broken 2. down Trend line formed 3. second leg has a strongest momentum so possible third leg for some kind of 1-2-3-4-5 structure ) You can catch momentu e.g with Squeeze Momentum Indicator 4. Look left for S/R zone 5 perfect Fib level - .618 6. Kalbot RSI ...
This is a continuation of my previous published Charts - Check links below... A portion of Larry Pesavento & Leslie Jouflas work. --------------------------------------------------------------------------- Covering Fibonacci Retracements Entry Patterns; Fibonacci Retracement Entries; Fibonacci Retracement Pattern Structure; Trading The Fibonacci Retracement...