The area that is enclosed in the ellipse can be further magnified on this fitting one hour chart. The angles are derived from the fractions - the division- of the adjusted axis square. Suggested Reading: Law of Vibration - Tony Plummer Michael Jenkins - Geometry of Stock Market Profits, Chart Reading for Professional Traders, Complete Stock Market Forecasting...
If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: It has been an absolute bloodbath across the cryptocurrency spectrum over the past few days. We saw BTC and ETH dropping to approx. $33,000 and $2100 respectively. Retail traders and...
Native chart: The adjusted axis is gathered from the perpendicular to an axis of price, and the gann fann was gathered using the same slope as the previous descent axis. The arcs were gathered from the vector movement of the previous decline axis. Suggested Reading: Law of Vibration - Tony Plummer Michael Jenkins - Geometry of Stock Market Profits, Chart...
Good time of the day, family! A lot of you were asking for Part II for our popular chart indicators summary and here it is. Hope you y’all find it useful! Last week, we’ve covered Bollinger Bands, Keltner Channels and MACD (link under the post) and what they’re commonly used for. This week we have: We've been looking at technical indicators that mostly focus on...
Looking at support and trendlines real time can have a big positive impact on live trading success. Here, I live traded SQ and explained how.
Hey! Hope you are well! Here is an adjusted axis on the five minute chart; the native chart I was using is five minute; here is the picture of what it looked like. The varying eccentricity of the ellipse comes from the varying circular levels such as .25, .5, .75, 1, 1.25, 1.5, 1.75, 2 Imagine the circle as a 1x1 ellipse; now imagine the next ellipse as a...
Hey guys, As I sat down this morning to do my trade review from yesterday, I figured why not do it on video for you guys to watch and see. This is a good opportunity to have a look at my initial analysis, how I managed the trade through-out the day and how we finished up. If you don't already do trade reviews I highly recommend you do, as it can be a great way...
⚠️Regardless of whether you prefer day trading or swing trading, you need to understand the fundamental concepts regarding risk. They form the basis of understanding the market, managing trading activities, and investment decisions. Otherwise, you will not be able to protect and increase your balance. We have already discussed risk management, position size,...
As of Friday (Jan 21) IWM has fallen out of a long range of distribution, produced both daily and weekly closes outside the trading range, and importantly has the potential to produce a large move. In this piece we discuss the trading range, mostly from a Wyckoff perspective, show multiple ways to start thinking about how far the move might progress, and finally...
Hello everyone! Today I want to share with you a very strong pattern that I use myself and that you can find on any chart. When used correctly, this pattern is able to suggest the best entry point and possible reversal, which potentially promises you good profits. Identification The engulfing pattern looks like two candles, the first of which is small, and the...
Hey traders, In this post, we will discuss a classic candlestick pattern formation each trader must know - the engulfing candle. Key properties of this pattern: 🔑 Engulfing candle is a reversal pattern. 🔑 Engulfing candle can be bullish or bearish. ❗️Also, remember that this candle demonstrates the highest accuracy when it is formed on a key level (support or...
Not often do you get an opportunity to show a real world example of a text book move - live. Here's a simple educational post showing the two major types of breaks of the trend. This is the current price level as of the 24th of Jan 2022. You can see this as a corrective break - the main reason for this, is that the chart is only the 1 hour, whereas if you...
on part two we will discuss how the 10% looks at the markert, and first thing first is understanding market structure from the proper lens. this time around i will save time by only talking about my philosophy to the market vs opposing retail so lets dig in. when approaching market structure one should ask. who why and where is price going . put yourself in ...
Hey everyone, how are you all? Let’s discuss Pitchfan and Fibonacci Channel on S&P 500. There are some bearish news in the market. The news includes Federal Reserve’s stance on increasing the interest rates, making investors shifting into the bond markets. Netflix down by 22%. Your trades should always respect the fundamental analysis. Don’t try to go against...
Hello everyone, today, we´re gonna talk about an RSI and how to use it. What is an RSI? Basically, it´s an indicator that shows if the asset is overpriced or underpriced. Basic information RSI is 0-100 if the price is at 0-30, the asset is underpriced and theoretically it should go up. if the price is at 70-100, the asset is overpriced and theoretically it...
Currently we're at a secular resistance level where the prices have reached the top of the uptrend channel. Signaling a painful, but necessary correction. Price Structure. The SPX has had a solid uptrend right after the recovery from 2009, this sets the start of the Bull market, so the 0.0 Fib level. Consequently it sets the the 0.618Fib level at the peak...
Hi folks! This is educational video i made for u. please give some love and comments.