In this video, I use S&P 500 futures CME_MINI:ES1! as an example to show you using trend channel to judge the price action momentum. At the later part of the video, I also show the use of upward thrust, and the up wave on top of the channel to judge the momentum. It is important to assess the price action momentum of any trading instruments (i.e. stocks, Forex,...
XAUUSD (Update) In 8hr Chart, Gold Has been forming Rising Wedge Pattern & Heading towards the Major Resistance Area (1685-1690) If It's Failed to Clear the Major Resistance then Expecting Wedge Breakout towards the 1560-1570 Area. If Bulls Cleared the Resistance then Wedge Pattern Will be Invalid & It Might PUMP Hard towards the 1800 Area. Please like the...
BTC (Dominance) As Bitcoin Failed to Clear the Major Resistance (7400) & Now It's ALTS/BTC Turn. It's Time to Grab Some Strong Alts (Not Shitcoins) Coz Alts Are Ready to FLY..!! Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!
BTC/USD (Update) In 4hr Chart, #Bitcoin Forming Rising Wedge Pattern & Almost Ready for Big Move. If Wedge Broken Upside, Then Bulls Might fill the $800 Unfilled gap in Coming Days. If Wedge Broken Downside, then It Might Test the 5.8k Area. BTW Rising Wedge is Bearish Pattern.(70/30) In 8h Chart, Still Bulls trying to Clear the Important Resistance...
Hello guys! In next 10 min I will teach you how to make TA! Really simple steps to create your TA. 4 useful tools to build your TA: -Trend Line -Head and Shoulders -Levels -Fibonacci ATTENTION: Dear followers please consider to appreciate my ideas on tradingview with your likes, this will help bring more quality content in next trading ideas. And if new to my...
I have explained about Rising Wedge Patterns on this Tutorial in detail. Rising Wedges are bearish pattern and it generates bearish signal; Rising Wedge Patterns forms with Higher Highs and Higher Lows. Rising Wedge pattern basically forms in two shapes ; If rising wedge pattern forms in an uptrend it will make reversal and if rising wedge pattern forms in a...
In the previous educational post, i posted about Rising Wedge patterns and in this post i have explained about Falling Wedge Patterns. (Falling Wedge is opposite of Rising Wedge pattern; for every chart patterns there are opposite patterns excluding some.) Falling Wedges are Bullish Patterns and it generates bullish signal, Falling wedge patterns forms with Lower...
Example of wedge symmetry, rising wedge turned falling wedge on the ETCUSD pair. The falling wedge begins wide at the top and contracts as it proceeds, eventually tightening to a point where it 'explodes' which can be seen. The rising wedge is the same except beginning wide at the bottom and tightening as it proceeds upwards, eventually leading to bearish...
For educational and demonstration purposes. Currently in bear trend; when watching for possible reversal it may not be an aggressive spike but it could look more like this. Just something to consider and study.
In this video I explain how you should be trading the current market movement and conditions. This video is more educational than anything else.
JNJ Rising Wedge Pattern Trade Idea From 2020/02/01
RAISING WEDGE - everyone knows this typical pattern, which always occur in 1st or last wave on the chart - raising/falling wedge MUST have 5 touches of trendline, then we usually see strong move to the opposite direction. On this chart of BTC dominance, we also saw THROWOVER - it´s pretty nasty thing, when the 5th touch goes above the wedge, but then price...
Nifty in range between 12500 to 11200 till May 3rd week.. Possible wedge break down in May last week or June First week.....17.5 fall expected from 11150 ..Nifty wedge break down target 9300... On upside 12480 to 12500 shows resistance which could be top this year in Apr 2020
Hello Traders, Bitcoiners, Hodlers and Chart Watchers, Looking mostly at the Daily BTCUSD Pair: On the current trend the 50MA/200MA golden cross will happen ~ 2/20/2020 - Within a week The BTCUSD pair on the daily chart is showing a steep rising wedge that will break within a week Xi Jinping Resistance ranges between 10,480 - 10,580 What is most interesting...
so just have a look right at both price bars and ask yourself at this current moment do you really think gold is still gonna move higher ? yes might creep up a little bit more but this does show more signs for moving lower again at some point in time my overall bias for gold is to move higher eventually but i cant see this happening anytime soon and just look at...
Hello all, let make this real quick about the chart work of bitcoin. Looking at the chart above, We can see a potential 2 patterns here. The first one is the rising wedge pattern which has been broken previously and the second one is the parallel channel of up trend moves. Things that I want to say is that currently the price is touching the lower line of the...
Hello all, the bitcoin update is up again during this very crucial market update. Let's enjoy this technical analysis! We've seen a violent 8% drop since the high of today's candle. This is also once again confirming the white area which is the major resistance and the confluence zone of the 200 MA, golden pocket and previous broken support that is now become...
- Total MarketCap Holding the Key Support in 3d Chart & Just Like Bitcoin, It's Also Forming Descending Channel. If Bitcoin Price Jump from 7k Support then Total MarketCap will Automatically Grow & Follow the BTCUSD. - ALTS_MarketCap On the Other Hand, ALTS MarketCap is Forming Bullish Wedge Pattern in Bigger Time frames & I Think Q1 2020 Will be Bullish...