Thanks for watching the video. I will just highlight the key differences between Auto-Harmonic-Patterns-V2 and Auto-Harmonic-Pattern-Ultimate-Trendoscope . Most of the other information is already available in the description of the script. Please read through them and let me know if you have any questions. Key improvements on new version are: ▶ Whole pattern...
✅The price dynamics of an asset are displayed on the chart in different formats, including bars, lines, or candles. The latter format is most popular among traders and is often used in technical market analysis. What are candles and how to work with them? 🟢Candlesticks (Japanese candlesticks) are a graphical way of displaying price dynamics, in which vertical...
//@version=4 study("Supertrend", overlay = true, format=format.price, precision=2, resolution="") Periods = input(title="ATR Period", type=input.integer, defval=10) src = input(hl2, title="Source") Multiplier = input(title="ATR Multiplier", type=input.float, step=0.1, defval=3.0) changeATR= input(title="Change ATR Calculation Method ?", type=input.bool,...
It is easy to get confused with overflowing information about market structure in the trading world. To simplify things we have come up with a way of analysing market structure simply by marking each high or low. In this particular example, you can see that higher lows were being created all the way down the bearish trend, so we knew that it was a seller's...
Keep Trading Simple!!! Volume is the heart of trading Forex. This tells us how much interest is in a candle or at a price level zone- where big money and hedge firms are trading. On chart example: London and NY session overlap is a very high liquidity and volume time every day to trade. Only 4 hour period. Use only: 1) Simple Volume indicator 2) Session...
its like extension of a simple base pattern spreadig by the rule of butterfly effects with considering of crypto market atmosphere and 2 ex-waves "A" and "B", it would be easy to predict what's going to happen ... zoom out to find out the orginal A ad B you can read more about fractal and butterfly effect on my related tutorial
Trading in the shadow of Smart Money. Learn to trade in the same direction. If you are going to play it You better understand it. The Masters & Teachers of the Wyckoff Method & Volume Spread Analysis: Tom Williams and Richard Wyckoff. If you put on your charts just daily charts with the On Balance Volume indicator only (or Tick volume) - might change how you look...
Hi there, Personally, I think it's important to backtest prices. In this way, you better understand why a price reacts to events. Today I backtested bitcoin. I was especially curious about how to recognize the switch from bullish to bearish. I use the daily chart for this because I invest in the long term. Are you a day trader? Then you can also backtest on lower...
In this video, I explained in detail the market stages. Note: You have to watch it to correct your---trading mistakes. market stages: a2d2=hr 1st: accumulation. . .(market gather/looking for buyers). in this stage, stop-hunters are usually out to hunt. tips: watch the trend and avoid the first breakout. 2nd: advanced. . .(buyers won) this stage—the...
Support and Resistance Support occurs when falling prices stop, change direction, and begin to rise. Support is often viewed as a “floor” which is supporting, or holding up, prices. Resistance is a price level where rising prices stop, change direction, and begin to fall. Resistance is often viewed as a “ceiling” keeping prices from rising higher. If price breaks...
The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 15-day moving average) breaking above its long-term moving average (such as the 50-day moving average) or resistance level. As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is...
Enter when these confluence factors are present. There is a Trend, Level, and Signal. Trend: Up Confluence Factors at the Support Resistance Level: Close Price 96.31 EMA 10 Close Price 96.24 50% Fibonacci Retracement Price 96.15 Horizontal Support Price 95.99 EMA 20 Close Price 95.31 Signal: Rejection Candlestick
When a Pennant or Descending triangle pattern after a long uptrend, it signals a correction and continues it bullish movement. To get a good entry and not get faked out by a false breakout, its important we wait for a nice pull back at a resistance zone, Turing to RBS.
Price move is all about impulse and correction.Seeing price movement this way and knowing how to label the waves within the corrective phase will help you understand when and where price is like to move.
What people tend to miss is the bigger picture..... Let us look at the overall trend in the crypto space, which yesterday broke to ATHs. It is looking extremely strong with an uptrend on the weekly chart and a convergent MACD. For me this shows real strength, not just in BTC but in the whole crypto space. It is a common misconception that ATH are a bad place...
Hello, everyone! Last time we considered the Elliott waves 1-2-3-4-5 cycle. Today we are going to talk about correction types. Corrections contains of 3 waves A-B-C. Bill Williams recommends to trade only Simple Zigzag corrections, but we also should be able to distinguish other types of corrections. Let's go! Simple Zigzag Correction If you find that the...