Here is a perfect example of the Elliot 5 Wave with the ABC correction waves. We can see how price broke out the downtrending channel and tested the previous support. I'm looking to go long on this pair.
On any given time period, you can place a box from a wick and span it across the chart. No interference of a price level usually means that outstanding orders still exist. Thus, buyers or sellers may be present at that level again to fight opposite of the trend since they were just pushing from those levels before. It's a great gauge to understand how much price...
Supports and resistances are horizontal lines on the edges (borders) of congestion areas. The bottom line is the support: the level where buyers strength overcome sellers, and buys are strong enough to reverse the downtrend. The top line is called the resistance: level where sellers strengh overcome buyers, and sells are strong enough to reverse the uptrend....
JD.com has been in a downtrend since it topped early this year. This weekly chart shows why it is no longer an ideal sell short. The stock has declined steadily, losing more than 50% of its price value and JD is now at a support level that is strong, where buyers are likely to start moving in. At this time, a sideways pattern is likely, or a bounce up today if...
Identify horizontal support and resistance lines using your choice of 6 methods. Available options Lookback window: Number of bars back to consider in calculations Lookback window right (only applicable for methods 3 and 4): Number of bars to the right to consider in calculations Number of S/R lines to plot: S/R lines to plot (currently the max setting is 4...
Looking at the m15 chart only can lead you to have the correct idea but in the wrong place. By looking at high time frame charts you get a better picture of when a trend is in place, when a trend is no longer working or when there is no trend and we're in a range. On the attached charts a daily time frame (top left) has a defined up trend and at 1.6700 the trend...
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 everyone, welcome to my second Video about fibonacci and how you should and should not use retracement- and extension levels. :-) There is way more to say about resistance and support-levels. Since I only got 10 mins. for a video I can just talk about small pieces and highly recommend you to check more about this topic. I just wanted to give you an...
Using the current BITFINEX:BTCUSD chart as I learn more about Ichi clouds. Easier to learn by example for me at least. Found that this one from Fidelity is quite brief and to the point, www.fidelity.com Thoughts or any other basic things to keep in mind, please do let me know. Thank you!
Patience is everything in trading!. Successful traders always look at a bigger picture and rely on higher timeframe to get the required edge. Lower time frame like minutes to even hours and sometimes days dont tell you a bigger picture of what is coming. Yes you maybe successful for now but you might not be for a long time if you analyze your charts on shorter...
Hello Traders, After being busy with work and all, I am finally back with yet another lesson. There are many traders out there who still do not understand the significance of support and resistance levels. So today we are going to go over that in detail. Note that this lesson will be only covering the horizontal support and resistance levels. I will have another...
Here is an example from a live action! You can see the green box we don't have a candle close inside this area at the moment! So, that means we have a very strong area what we dealing right now! Up and down, strong candles smash this with a full break below and full break above! This "full candle breaks" means that we need a very strong power from...
Just a quick example of looking at previous structure to determine new support/ resistance levels and entry/exit points. Hope you gain some value :)
Volume Profile (The explanation here is extremely detailed. The actual use I explain is the second bottom half) 1. Introduction 2. Use Options 3. Terminology 4. Example 5. Conclusion 1. Introduction The Volume Profile is an extremely useful tool that can give you an expanded view of actual price pressure if you struggle to find support levels. There are...
Sometimes great trading comes from viewing the market in a simple and clear way. Its easy to cloud our judgement with the noise the market tends to create. I have found that trading the probabilities is easier than trying to find sure predictions or trades. Trendlines gives us areas where we can easily find great probable trades with good risk to reward returns.
A Simple explanation of my trading strategy using support and resistance zones for breakout trading. Enjoy
This technique pans out more often than not and is easy to chart with the tradingview tools.
Hello traders, investors, and the curious alike! This is my new series called The Support Line . To get the chart from any of The Support Line's episodes, you can scroll down to "related ideas" below the write-up and select the episode # along with its chart. It will always be there! This gives you the ability ot share it back here, and our community can...