This is an example of regression channel with harmonic pattern.
By using Simple OHLC Custom Range Interactive, we able make confluence point (blue) to get Point X of Bullish Butterfly.
There are many confluence points (orange flag and teal table), which shows Point D of Butterfly starting to complete.
For Point D, best to monitor price changes using RSI or other...
The first step of the last-kiss trade is to identify the consolidation zone. One way to visualize a consolidation zone is to draw a box on the chart.
This box will contain the choppy movements of the directionless market. This box should encompass the market movement during the choppy,
drifting-market phase. It should be obvious that the market is stuck between...
Descending triangle formation is a classic reversal pattern. It signifies the weakness of buyers in a bullish trend and bearish accumulation.
⭐️The pattern has a very peculiar price action structure:
Trading in a bullish trend the price sets a higher high and retraces setting a higher low.
Then the market starts growing again but does not manage to set a new...
For this to work you're going to need your bull bear power void oscillator.
I have mine set on its default settings but you can also set it up with the following.
Click the image below for that indicator for free
The Setup
the length is 50
the moving average is 20
the macd settings are 12 / 26 / 9
With this I have a 50 period EMA on my chart.
Drawing...
Elliott Wave Guidelines:
Depth of Corrective Waves
Understanding Elliott Waves is much more then the basic rules and 3s and 5s. A largely underused aspect of Elliott Waves is the Elliott Wave Guidelines. These go beyond the guidelines for each specific pattern and are meant to assist in determining the most probabilistic wave pattern. This is just the primary...
Hello guys! Take a look at how smoothly the market respects the Golden Zone on Fibonacci retracement levels. The Golden Zone or Golden Ratio is the area between 50% and 61.8% on retracement levels, which acts as a strong support zone. After an impulse, on the correction the price usually gets rejected by this zone and it continues its previous trend. However, if...
Hey traders,
In this article, we will discuss Multiple Time Frame Analysis.
I will teach you how to apply different time frames and will share with you some useful tips.
Firstly, let's briefly define the classification of time frames that we will discuss:
There are 3 main categories of time frames:
1️⃣Higher time frames
2️⃣Trading time frames
3️⃣Lower time...
A few key concepts when using Market Profile in your trading:
1) Point of Control (POC) acts as price magnets, as they represent the price level where most time was spent during a trading day. Price tends to gravitate towards them.
2) Naked (Not visited) POC acts as stronger magnets than visited POCs.
3) When price enters / breaks into a Value Area, which...
Do you find yourself drawing too many levels on your charts?
Do you struggle to know which levels that actually matter for trading decisions?
Do you wonder why price moves straight through some key levels and not others?
This video will show you how to analyse a stock using Multi-Timeframe Analysis techniques to find the key levels that actually matter for...
CPI Consumer Price Index
The consumer price index determines the rate of inflation ( the rate of change in prices ) from the point of view of consumers when they buy goods and services.
An uptrend has a positive effect on the USD. The Consumer Price Index is one of the most watched indicators by currency traders and is considered a key indicator for...
JS-TechTrading Masterclass : Special Entry Patterns - IPO's
In a previous tutorial, I have explained the general characteristics of a perfect buy point. In this tutorial, we will look at IPO's (Initial Public Offerings) and discuss how to identify primary bases.
IPO's coming out of primary bases can make huge price moves - let's discuss how to find the next...
🔴Multi-candle patterns are more reliable
The more candles a specific pattern contains, the more reliable it usually is. 3 candle patterns are better than single candle patterns. 30 candle patterns are usually better than 3 candle patterns. Patterns like head and shoulders, double and triple tops are among my favorites, exactly because of this reason. They...
The Andrews Median line or Pitchfork is a form of tool that is used to identify potential reversals or continuation of trends. The median line tool is one of the standard charting tools available with most trading/charting platforms.
The Andrews pitchfork tool or median line comprises of trend lines that are drawn connecting three price points. Swing high/Swing...
United States Inflation Rate, Year-over-Year, 1914-2022 chart
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Why do I think inflation will go down to 0%?
Inflation is currently at the main trendline (established in 1920). This is a very strong resistance, and as a general rule, do not short a support or long a resistance. In other words, you...
I try to draw a simple market structure for trading range and trend. Lets check details about market structure.
Trading Range:
Trading range is where both buyers and sellers are active and trade. On the range market we see 2 sided liquidity. Above range that is buy side LQ and below range that is sell side LQ.
If one side LQ sweep happens, we can expect the...
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HD Session Volume Profile (SVP HD) -
Go to settings under Inputs. Click custom. I set to 10:00am-10:00pm Pacific/Auckland time. I live in NZ. Set to your time zone. Click extend...
TRADE 1hour/30 minutes, there are many visible/ trustworthy moves in there..
Every move in 15mnts?1hour/30 minutes influences the whole day chart
So check for every move IN 1hour/30-minutes TF(draw trendlines and analyze the every move the market makes in the 1hour/30 minutes TF)
Trust ME
So for every move made in 30 minutes you take(provided move perfect AF)
i...
Opening a position without setting a stop loss is a big mistake and it can be disastrous when buying the dip !
Here, we show a tempting setup to open a long position in rectangle (1) . It is of course OK to go long in this setup in the hope of catching possible up coming up going wave shown in green. But without setting a stop loss? Not at all ! Followings are...
