Hello All, I have made this video which covers briefly on following points for Auto-Chart-Patterns-Ultimate-Trendoscope 1. Indicator components 2. Detailed settings 3. Few key features 4. Info about trading different patterns included I could not cover alerts in the video due to time constraints. But, alerts is same as that of ...
Chart patterns are a part of the foundation of technical analysis and are one of the most popular methodologies used by traders to predict future price variations. Chart patterns are governed by precise identification guidelines and it is important to effectively recognize the presence of a specific pattern. Since this recognition process can be subjective, we...
Chart patterns describe distinct structures in financial time series. Their occurrence helps technical analysts predict future price variations. Triangle patterns form a part of the most studied patterns by technical analysts and have been well documented over the years, with some even applied to climate time-series data (1). In this post, we perform an analysis...
What is a Symmetrical Triangle? Triangle patterns are probably the most popular chart patterns studied by traders. There are three different types of triangles: The ascending triangle, the descending triangle, and the symmetrical triangle. Symmetrical triangles occur when price is consolidating in a way that generates two converging trend lines with similar...
Hey traders, In this video, you will learn a classic price action pattern "Descending Triangle". Main topics covered: Structure of the pattern Bias of the pattern Triggers Stop placement Target selection Real market example Let me know in a comment section what pattern do you want to learn in the next video! ❤️Please, support this video...
Here's an explanation why Elliott Waves don't work most of the time, and then sometimes work perfectly. Lets take a closer look at a single impulse wave up and its correction (I'm using 61.8% retracement and wave 3 = 100% of wave 1). You simply can't trade based on that (red dots), here's why. If you treat it as 123 up trend forming (green count), you can't...
Triangles are corrective patterns and diagonals are motive patterns. Upon completing a triangular pattern the trend resumes. Ending diagonal marks the end of a major wave or a trend and signals upcoming trend reversal or major correction. Leading diagonal marks the start of a major wave or a trend after a major correction or reversal to previous trend. After a...
After price closes above trend line, enter at the closing price of the breakout candlestick. Set target (take profit) at the next horizontal support resistance level. Enter after price retests trendline.
Hello traders, As you can see in the above chart of GBPAUD 4 Hrs there is formed multiple pattern. We just need to see carefully to find out these pattern. All of the above patterns are clearly visible and easy to trade. 1. Symmetrical Triangle : Symmetrical triangle pattern is continuation pattern. Symmetrical triangle pattern is formed when price make lower...
Chart patterns detection needs an extensive learning process and experience, no matter if you are a human or a machine! Machine Learning Workflow: There are five core tasks in the common ML workflow: 1. Get Data 2. Clean, Prepare & Manipulate Data 3. Train Model 4. Test Model 5. Improve Since the chart patterns, beta version indicator has been released, I...
Chart patterns, are becoming one of my favorites points of view in the market. Using this tools i become more aware of where i am in the market, the trend and where i can place correct entry's Lets consider the difficulty of this structures. First i am not using individual lines in this chart, i am using tool bar channels. That means that the line above has to be...
Draw line touching the lower highs which is the negative slope trend line. Draw horizontal level connecting equal highs. The horizontal level is a zero slope line. Wait for a convincing close below the horizontal level. This is a convincing close below the horizontal level. Draw the fib from the previous lower high touching the diagonal trend line. In this...
Price closed above horizontal support resistance level. Set Buy Limit Order. Set entry at horizontal level. Note: Trend is up; Horizontal Level has 4 touches. EMA 10 EMA 20 has a positive slope.
Price closed above 90.334. Now, wait for a price action signal at 90.334. First price action signal is engulfing candlestick. Enter at 90.505. Second price action signal is engulfing candlestick. Enter at 90.538. Set Take Profit at 91.185. Set Stop Loss at 90.312. The Reward:Risk Ratio is 2.86. Note: The EMA 10, EMA 20, and Trend Line have a...
Trade The Ascending Triangle Engulfing Candle at Diagonal Trend Line Support, EMA 10 Support, and EMA 20 Support. Price Action Signal is Engulfing Candlestick. (First Entry At 128.231) Pin Bar at Diagonal Trend Line Support, EMA 10 Support, EMA 20 Support and Horizontal Line Support. Price Action Signal is Pin Bar. (Second Entry At 128.310)
The Breakout (note: the emas are too far away from current price for an entry; watch for a price action signal at the emas; watch for a pull back to the emas) First Entry At 0.67540 Second Entry At 0.67568
How I Trade The Ascending Triangle Engulfing Candle (Price Action Signal) First Entry at 0.71194 Candlestick Closed Above Level Second Entry at 0.71273 Retest Candlestick and Rejection Candlestick at 0.71295 Third Entry
Chart Patterns | Triangles & Channels 1- Ascending Triangle :- An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows. 2- Descending Triangle :- In descending triangle chart pattern, there is a string of lower highs that forms the upper line. The lower line is a support level in...