Most of the traders face one major problem in trendline, why the candle breaks my falling trendline but still going downside? Most of the time isn't about plotting the wrong trendline, but how we analyze it. First, we must remember the market phase, Accumulation, Re-Accumulation, Distribution, and Re-Distribution. Second, determine incline degree of a trend....
Not all trendlines have to be build using higher highs and lower lows. Some work perfectly as a trend direction and parallel channel middle line. The more bounces it has the more important it is for the chart (not stronger, but important). Also pay attention to volume - it should increase at line cross or bounce zones, confirming the line. Example - look at blue...
Trendlines can be super powerful! Draw them onto the tops of the wicks of the candles, do not 'make them fit' and always be wary for a retest to get that sniper entry!
If you set a "Take Profit" point and that point is reached while you are checking your stocks, cancel the sell if you can, but then if the stock goes down by, say, about half a percent, immediately sell it. If you still have the stocks when you go and do something else, put a "Stop Loss" point a half a percent below the stock's current value and a "Take Profit"...
November 5, 2018 ·Andria Pichidi On Tuesday 6 November, US will proceed with the off-year elections, occurring every 4 years, before the presidential elections. The particular mid elections are expected to affect the markets as the outcome of the election will be important for the future of the President and for the control of the Congress. As the Republicans...
Using triple charts, TDI' Complementary Overlay, TDI' PRO and a basic entry rule we can make profitable trades possible. Based on the condition of using an account with just under $5,000 trading account capital, with 1:500 leverage, with a deposit margin of ~$80, a single trade with lot size of 0.35 ~ $310 Profit, 1 trade in one day Third Chart use example
The 2018 BTC Bear Market is littered with these Meme triangles. Despite many CT accounts suggesting they're bullish formations, 75% of them are 'Continuation patterns' See well known educational websites. The current Triangle we're trading in is arguably a 'Descending Triangle' which is bearish. Previous formations in this bear market have resolved with a...
1. Divergence 2. Trend Line Break 3. 123 Reversal Pattern 123 Reversal Pattern: At point 3, the market is at the crossroads and price can either make a new low or confirm a change in trend once price takes out point 2.
ISP is an Italian bank that has really taken a beating this year. Under all metrics it is a really weak institution. What I wish to demonstrate today is how whales operate and hopefully how to take advantage of it. Before I continue I'd Like to state two Axioms I take with me anytime I chart 1) A body in motion stays in motion unless an external force acts on...
A lesson on the type of trendlines called POWER LINES. Kobus Kemp says that trendlines often become power lines due to the habit of testing a previous broken trendline as support or resistance. Where upward trendline shows us support and downward trendline shows us resistance, powerlines in an upward trend can also show possible resistance levels. A downward...
Hi there, welcome to another educational post dealing with fractals. Again i will derive a possible path from a pattern which is not yet completed. So beware that there are many IFs,WOULDs and LIKEHOODs on the way to completion. The market will decide when to go where. IF the pattern gets invalidated we all will be happy in the sight of one thing less to worry...