If price is from a strong downtrend and it creates a key level, it will start retracing and if it does not form an engulfing candle or a shooting star at resistance or a candle that is 50 percent of the bearish candle or above 50 percent, it will come back to test that zone and even create a lower low, and if it does again it will do the same thing and still test...
We have said before that changing attitudes determine price and price moves in trends that tend to perpetuate. So, how can a trend be defined? Simply, it is the movement of price in an irregular but persistent direction. When you zoom out your chart and watch price movement, whatever is obvious is the trend. The USDZAR chart below illustrates some trends you will...
After the recent disappointing loss on a highly anticipated short trade on this pair, I am now re-analyzing this pair from scratch to see what I missed and to see what could happen now. But while I am doing that, I just want to throw this out there for those that are mystified as what to do next on this pair. There's really no mystery....WAIT! You need to see...
Fibonacci interconnectedness of impulsive and corrective waves. Impulsive. Since Time is taken into account in terms of angles, the Fibonacci channels derived from multi fractals simulate phenomenon of the order in chaotic price action. More like projection of Levels of Probability like in QM, where Interference Pattern derived from waves of probability in...
A simple way to trade EUR/USD is by taking advantage of its tendency to retest the 200-period moving average on the hourly chart. To do this, wait for the currency pair to move away significantly from the 200-period moving average and show signs of overbought or oversold conditions with two peaks or troughs, along with divergence. This presents an opportunity to...
Key Patterns Of Price Action Key patterns of price action. Below I will describe several key patterns, but on the diagrams you can see the analysis from a technical point of view. And also please pay attention to the rules, which I do not advise to ignore. The Cup with a handle pattern is formed according to the following logic: - On an upward movement, the...
Merry Christmas everyone: Hope everyone is well and healthy, and enjoy the holiday season as much as we can :) Back here with another quick educational video on price action structures/patterns. I am going to go into detail on double tops/bottoms type of price action. Many of you have asked me to elaborate more on what double tops/bottoms truly mean, and...
Hello traders: As of this time we are still waiting for the US election to have confirmed result. I thought I share my outlook and bias of the market and explain briefly on price action. If we look at GOLD from the HTF, we can see the price is in a uptrend move. Within this bullish run since August 2018, price has been in an impulse phrase of the market...
Howdy Yall! Today on The Support Line we are going to walk through Price Action, what it means, and how to find a trend using nothing but the price action. Furthermore its going to help us keep our charts clean, and can help us remove some silly indicators which we may not need! Whoa! Remember, if you click the share button towards the top right of this...
Key patterns of price action. Below I will describe several key patterns, but on the diagrams you can see the analysis from a technical point of view. And also please pay attention to the rules, which I do not advise to ignore. The Cup with a handle pattern is formed according to the following logic: - On an upward movement, the bulls cannot push through the...
Many new traders face a magnitude of problems early in their trading journey. One of the biggest dilemmas is caused by the vast amount of indicators available. There are the free basic indicators like RSI, MACD, Bolli Bands and the list goes on. Then you have custom indicators - Paid for, free trails - each offering their own edge. The issue is not what they can...
At the 4H-timeframe scale it can be clearly seen how perfectly correlated are Bitcoin and Ethereum price actions in the middle term. There are vertical flags with dates and time from the beginning of the observation till the current moment. Starting from the 21th of November you can see each sharp movement duplicates, even IHS patterns were formed in the same...
Everyone was looking for ETF confirmation to get long. But the market turned red! US SEC grants approval for spot bitcoin ETFs - RTRS but the market moved against expectations. This is why we say never trade with fundamental news. Everything is hidden in the price action. Bitcoin had reached the ceiling of the channel and also our indicator had given a short...
Observations of current price action.
Whatsup traders! In this video I will be talking about the difference between efficient and inefficient price action. Once you understand this concept, you can incorporate it into your trading and utilize it to find targets and setups!
These 3 charts indicate that price is usually fairly stagnant pre election. The historical data on these charts only go back to 2012 however the patterns are almost identical. Chart number 1 rallies to an all time high in 392 days, and chart 2 rallies to another all time high in 399 days. The blue vertical line is the date of election and the pink line shows...
Hello everyone: In this educational video, I will go over what an impulse and a correction is in the market. I will point out how to distinguish them in different time frames, and give a few examples on them as well. The market can only be in two phrases. Either its in an impulsive phrase, or a corrective phrase. It doesn't matter what market or the time...
INFOSYS : 24 AUG 20 : WAO GUESS THIS JACKPOT PRICE ACTION. MY SPECIAL THANKS TO MY GURU TRADING PANTHULU.