The Ending Diagonal Pattern of Elliot Wave Theory = The Wedge Pattern In Classic Chart patterns Basic Rules For The Wedge Pattern: 1. Consists of five waves (1-2-3-4-5) 2. Each wave subdivides into a zigzag (a-b-c) 3. Waves 1 and 4 overlap in price 4. Wave 1 is usually the longest 5. Wave 3 can not be the shortest The "Wedge Pattern" can be found as a...
in this video we examine GOLD chart and what happens when you miss out on the original entry limit or market order - how to utilize super short time frames to enter into the direction of the original trade without chasing.
Buy and Sell Zone chart demonstration. Learning how to identify engulfing Supply and Demand Zones
Strong stock and has broken neckline before and recovered swiftly. CCI has not broken the neckline again as of yet. When I see a possible second shoulder that fails to beat the prior high, I always take a second look if that 3rd leg has obviously turned down for the time being. Plus the retracements are often deeper than a price retracement in a strong uptrend....
It seems there is no shortage of bear flags as of late. A bear flag can deceive folks and being aware that a security is forming one can help. Folks who are stuck sell on these brief rallies up and then the down trend continues. Each bear flag is a bearish chart pattern that's formed by two declines separated by a brief consolidating retracement period. The...
Why supply zone was not respected?? Reaccumulation of price before a supply zone gets invalidated. what is Reaccumulation??? When price is in an uptrend and there is a aconsolidation of price before a bullish continuation. When a supply zone is present, two things can happen 1. price respects the zone and continues to the downside: For this to happen price...
Hi, One good way to prepare publications and validate that everything will be OK is to make a draft with a private script first. Contrary to public scripts, private scripts are not moderated and you can edit their title and description, so they can be used to test things. Once your private script's description and chart are the way you want them, you can copy the...
Guys today i not give you any type of prediction but i share something with you if you start trading and new in market so do trading 1 day time frame first earn continuous in 1 day time frame then start tradind 5 min and 15 min chart frame start with swing trading ya positional trading this is best for begginers why beasue it is easy and executable and market all...
Hi Traders, Last week NZD started a strong bullish move from Monday to Thursday. This was followed by a strong bearish move on Friday. After seeing this, I recalled that another trader said in the forex group chat few months ago that 4 green candles in the week will be followed by the red candle at the end of the week and vice versa. So I scroll through the...
After I started understanding and recognizing this pattern it has helped me to change my "buy low sell high" logic many of us have embedded into our habits. Buy low sell high is great but what about when we miss the initial move(s) ?? I have come to find that that does not always mean you are necessarily "missing out" .. First of all, there should be a catalyst...
Bear Flag Chart Patterns A bear flag pattern is constructed by a descending trend or bearish trend, followed by a pause in the trend line or consolidation zone. The strong down move is also called the flagpole while the consolidation is also known as the flag The bear flag pattern comes after a strong move downwards. The stronger the move, the bigger the profit...
In this chart we see a very common head and shoulders pattern. It forms a right and left shoulder that are both lower than the head of the pattern, and the chart appears somewhat symmetrical. It has the entrance to the pattern coming from the bottom (it starts coming up not coming down.) This pattern is often a sign of a possible reversal, but is only a true...
buy or sell if prices breakout trendline. always use stop loss.
Any single candle you see on the chart can help you if you can read it correctly.
USDJPY Monthly chart show Wedge,,,They height of that pattern alone suggests a 3,000 pip move is coming for the USDJPY. A breakout from that pattern is what will send USDJPY 3,000+ pips higher or lower depending on which way it breaks.
Two gaps on this daily chart one okay size and the other very small, increase in volume has been current. there may be more upward movement coming... Please leave me a comment if you think there is more to it, it will help me to improve my trading skills!!!!
this is another chart with words and lines and stuff