A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle. KEY TAKEAWAYS ...
Observe and always as yourself WHY?
Prices go up because there is an aggressive increase in buy market orders and prices go down because there is an increase in sell market-orders. Prices don't go up due to more sellers, an imbalance in the market can't exist. Summary: Buy Market Orders buy from sell limit orders. By doing that they buy the cheapest price someone else is willing to sell them for....
What Is a Pennant? In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the...
My Friend. Here will be the best patterns that work on Crypto and XRP: 1. False break out of key level - U should wait for a pullback to a strong key level. - Better when a false breakout happens after 100% of ATR drop. example 2. Wage patten This BNB trade is the best example. We made 3% within 1 day)) 3. Squezeeng to a key level The best example will be...
STRAT 11 : Basic premise As price continues in a trend, more and more traders keep piling into the same direction, hoping that the trend will continue and they will make money. However, at some point, the trend sharply reverses, breaking the market structure in opposite direction and trapping a whole bunch of retail traders in the direction of trend which just...
Hello traders! In this educational idea im going to be going over the 5 different main types of Order Zones on Crypto Charts & how i identify and draw these zones, aswell as what they are used for. Orderzones are a way of marking on the chart historically significant areas where price had strong reactions to. The price tends to come back to these areas and...
Accululation schematic 2. You can see the textbook phase development from a recent re-accumulation into mark-up Starting on the left you can see the preliminary support/stopping volume/selling climax which is how trading ranges start. A support is established on high volume. The Automatic rally (AR) is the initial establishment of resistance. It is important...
Single Candle Supply & Demand Zones are a form of Supply & Demand Zones and price can commonly find Resistance or Support on them. For those who are new to Technical Analysis ; "Support" is a area on the chart price and demand (buying pressure) increases from, with "Resistance" being the opposite, with price decreasing and sell orders (Supply of asset) increasing...
Session Volume HD was created to add a new level of detail and precision to studying price and volume for each session of trading. Session Volume HD dynamically adjusts to show you more data as you zoom in and out of the chart. Think of Session Volume HD like a magnifying glass for studying volume and price. What price levels are attracting the most trading...
Supply & Demand Clusters are a form of Supply & Demand Zones and price can commonly find Resistance or Support on them. For those who are new to Technical Analysis ; "Support" is a area on the chart price and demand (buying pressure) increases from, with "Resistance" being the opposite, with price decreasing and sell orders (Supply of asset) increasing from the...
Mirroring the previous graphic based on the 'sell side' this graphic provides insight and annotates how institutions view and see the market based on the core concepts of Liquidity utilising the models around 'Premium vs Discount' The graphic shows key points where liquidity is manufactured around 'traditional retail methodologies' If and when you can...
Visualization of 3 areas of chart analysis. Its makes it easier to break down the individual skill sets required to maximize success. This is just one way to break things down. You may break this down differently so this is just another way to view this if having issues. Regardless of the indicators you use, looking at the market from these three angles may help...
Which of the two examples shows more buy activity? You can see the increase in volume and the demand wicks. Look for increases in volume with wick expansion at support/fib and EMA. Think of technical analysis broken down into manageable pieces. - Trend analysis Direction, trend condition, relationship to at least 1-2 time frames above. Elliot wave is one area...
Once you spot a location to trade from (be it a liquidity hunt, or a false breakout + market structure break) - that's only half of the job. The next most important step is to draw a correct zone which gives you a safe and reliable way to enter and define your risk. I've always found that drawing zones which help you define your entry & risk is an art, more so...
Look at the volume pressure at resistance (red box) Look at the volume at support (green box) where is RSI just prior to any mark-up? Note: Using multi-time frame EMAs set to 1 hour. These EMA are NOT 15 min EMA's**
The wicks on HA candles are quite pronouced. Never used them before but the information the provide in addition to volume data can be very pronounced which means clearer signals. Look for long wicks at key support and key resistance with accompanying volume. Cant use HA candles in replay mode. More to foloow.