Technical analysis on WTI: Key levels & trading plan explained.
NSE:HDFC STRONG BEARISH DOGI AND STRONG PRICE REVERSAL IS ALREADY FORMED WITH GOOD VOLUME. EXPECTING TO REACH 1650 IN COMING DAYS
NSE:ASIANPAINT
Potential scenarios for EURUSD: bearish scenario and how to catch it bullish scenario and how to catch it enjoy!
Things are not always as they seem.
Definition: An engulfing bar is a bar whose trading range totally encompasses or engulfs that of its predecessor such that it has a higher high and lower low. They develop after both down- and uptrends and represent exhaustion. They could be bullish engulfing bars which close higher than the open, or bearish engulfing bars which close lower than the open. A...
Hello everybody and welcome, First of all, thank you for the interest you show. The goal of this content, is to empower you with the tools you need to shift your psychology and level up your trading. ---------------------------------------------------------------------------------------------------------------------------------------------- Before we start,...
EURUSD is stuck within a wide indecision range since 1st of April. if you want to know where the pair will go next, the only way to clarify it is to wait for a daily breakout. daily candle close will show the future direction of the pair. for now we are stuck within: 1.1 is your resistance 1.078 is your support!
hey guys, bullish rally continues on gold. the next goal for buyers is 1775 - 1802 resistance area. it is a historical structure zone based on 2012's market highs and 2011's key resistance. be prepared for a pullback based on the underlined structure. also, remember that if you missed this bullish movement, it is too risky and too late to jump in. be...
Bar patterns consist of one, two or few bars. Their usefulness lies in the fact that they can trigger signals at a relatively early stage in the development of a new trend and usually offer good benchmarks for traders to place low-risk stops. Overall, when considering these patterns, one key factor in determining their significance is the size of the pattern. Note...
We want to trade trendlines, but not all trendlines have equal importance. Whether price has touched a trendline or violated it, we should act based on whether the trendline is significant or not. The following three factors are usually considered when evaluating the significance of a trendline: the length of the line, the number of times it has been touched, and...
Earlier, we noted that the completion of a price pattern can signify either a reversal in the previous trend, called a reversal pattern, or a resumption of the previous trend called a consolidation or continuation pattern. Similarly, a break or violation of a trendline will result in either a reversal of that trend or its continuation. First, USDZAR chart...
Trendlines are one of the simplest tools in technical analysis and about one of the most effective for price patterns since they form the building block for pattern identification and interpretations. What is a trendline? – A trendline is a straight line connecting a series of ascending swing lows in a rising market or the top of descending series of swing highs...
When price goes to a key level, that is, a support or resistance level, it will either hold and reverse price or it will break and be violated. There are no hard and fast rules for determining if a key level will hold and reverse price but I can give you some guidelines on what to look out for that would increase the odds that a support or resistance would hold....
1. Swing points: Previous highs and lows These points are intelligent points where one would expect support and resistance. They are high probability points because sellers and buyers made decisions on these points in the past and it is more likely that when price gets there again, due to people’s psychology being constant, they would tend to act on these points....
Price action and daily timeframe analysis. Bullish and bearish scenarios explained.