Hello,
Let's stop reading the charts for a while and instead learn how to read them.
There are many indicators and strategies which we can use to get better readings and understand the market better.
Under this post, please leave comments and tell us which indicators or strategies you want to know about more.
Which ones are more helpful? Which ones aren't...
Today we prepared for you several questions and answers that might be helpful to new investors. Please feel free to post your own questions and answers in the comment section.
What is technical analysis and why does it work?
Technical analysis is a scientific discipline that analyzes investments by evaluating statistical data (usually price and volume). This...
AUD
FUNDAMENTAL BIAS: NEUTRAL
1. Monetary Policy
The RBA’s Nov decision was hawkish in deed but dovish in word. The bank abandoned YCC as markets suspected as the bank didn’t defend their 3-year AGB target in the days leading into the meeting. They also abandoned their date-based forward guidance that said a lift off in rates would only be appropriate in 2024,...
If you guys have any questions, let me know! THis is my first video so I will polish them up over time. I am neutrqal bullish in the big picture but bearish in the short term
Footwear stock Crocs has been in a steady uptrend since the market bottomed in March 2020. Now it’s pulled back and may be interesting to swing traders.
The first pattern on today’s chart is the 50-day simple moving average (SMA). CROX tested it on Friday and Monday, closing above it both times.
Next, the current area of support corresponds to the September peak...
Markets rallied higher and ended the day 2.1% up after a furious squeeze like rally that eventually lost steam just below the massive call barrier at 4700 where 81M of gamma notional is located.
Vol collapsed by 5.3 points to 21.9% what induced option dealers to unwind their hedge positions and buy back futures which was supportive to the overall squeeze.
Dealer...
I tried to show you the most important Classic Reversal Patterns of Technical Analysis with their 🎯 Targets 🎯.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
#BTC (Update)
In Weekly TF, Descending Broadening Wedge Upside Breakout Already Done, Retesting in Process 🔁
In Case of Successful Retest, Be Ready for Another Bull Run ✍️
Daily Timeframe Analysis
Daily Candle Closed Above the $50,000 ☑️
Now, Bitcoin Bulls Need to Reclaim the MA128 (52,6k) & 53k Horizontal Resistance.
If 53k Resistance got Cleared,...
I remember when I read an article about Warren Buffet sitting on 128 billion dollars cash at the end of 2019, I asked myself:
What is about to happen?
The pandemic-related crash happened in the following 2 months!
Now, he is sitting on a bigger amount of cash. According to Bloomberg, he is sitting on 149.2 Billion Dollars in the era of the highest inflation rate...
Hello traders,
In the last video we learnt How to create simple web-hook to send alerts to telegram . In this tutorial, we will try to build a bit more on it and to also include chart snapshots along with plain alert messages.
Webhook code is updated in the replit repository here: replit.com
Once, setup, run the repl and capture base URL
⬜ Webhook...
Here's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Friday's crypto crash recovered almost as fast with BTD traders bringing many coins, especially Ethereum, back up to the prior crash range. The crash bar should not be discounted as a fluke by any means. It sets up a clear defining line in price action going forward. Where price went to, stopped, and reversed quickly is the clear support. Breaking the low of...
Description
TSLA Began the formation of this Symmetrical Triangle after achieving an ATH @ 1243.49.
The Symmetrical Triangle is a common congestion pattern, typically indicative of continuations, accompanied by descending volume (on chart) and a heavy volume on the breakout.
My point of contention with this pattern is okay volume on the breakout. It is only...
The Market's longer term uptrend still intact but short term looks precarious. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are...
Several of my recent US stock market posts have noted that a major peak of the bull move since March of 2020 could be made in December 2021.
The SPX decline from the 11/22/21 top appears to probably be a correction within an on going bull move.
During the decline from late November 2021 the VIX has had six consecutive breaks above the upper Bollinger band - the...
The price closes below the level on strong movement (against the background of news). Most likely, the instrument does not have the energy to continue moving down, I think if the price returns beyond the support level, into the long zone, then we can expect the price to rise to the resistance zone. My target is level 0.70625
Traders, if you like this idea or have...
Hey everyone! 👋
This month, in preperation for the new year, we will be theming our posts around the concept of building a solid trading plan!
Later posts in December will look at the key elements involved in building a rock-solid game plan, but today, to introduce the concepts in a fun way, we will be looking at a completely hypothetical situation.
-
Let’s...
