I will keep this post short, so you can get a general idea of this trading style.
First of all , we have a situation where the price could not make a new ATH in 200 days. It's important to notice that we can draw a clear structure with well-defined limits because the price stayed in a clear range between 146 and 114
Now that the structure is clear, it is easy...
I decided to analyse DOGE and SHIB in comparison with each other. SHIB is repeating price movements almost identical to those of DOGE. There was a very long accumulation on the DOGE chart, after which price broke through it and DOGE rose by 500%. SHIB has now also broken through a strong accumulation and reached a high of 300%. After such a strong accumulation,...
This week, we will be taking a look at the ingredients that go into creating and posting high quality trade ideas.
While many think that a good trade idea begins and ends with finding a high probability chart setup in a liquid, volatile asset, the *best* trade ideas often combine multiple disciplines - which could include macroeconomic analysis, fundamental...
Earlier this year, Amazon made the shocking statement that founder Jeff Bezos would step down as CEO starting in Q3 2021. According to Amazon's announcement, the post will be filled by Andy Jassy, who earlier managed the company's fast-growing cloud computing business.
Given that Bezos will have to live up to his class, the pressure is on. Next week, when the...
Hey traders,
Rising wedge pattern is one of the most accurate price action patterns.
Being relatively simple to recognize, it is applied in various trading strategies.
⭐️The pattern itself signifies the exhaustion of bulls.
Even though the asset keeps growing in value, the price action legs contract forming a narrowing channel.
Being stuck between two...
Hello TradingView Family, this is Richard, if you like the idea, do not forget to support with a like and / or comment.
BTC is now in a correction phase / short-term bearish trend - after breaking below the last low marked in red.
The bears are clearly in control for now since BTC is making Lower Lows and Lower Highs.
However, the bears seem to be...
The Market's longer term uptrend still intact. 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 at or near all time highs or...
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...
Tesla faced a massive setback in February 2021 where Tesla had some serious quality and safety issues affecting the acceleration and the batteries catching on fire. In China, the biggest market outside of the US, Tesla was being berated by regulators. This could be one of the reasons why the stock price of Tesla dropped over 35%.
Unfortunately Tesla also faced...
Since the beginning of the summer season, we saw a very big decrease in the price in TLRY company.
Anyway, it was not the only stock that got the second punch from the second variant of the developed virus called DELTA.
After the price reached the bottom at $10 per share it made a fast reversal and in three days it increase nearly +20% with the announcement of...
We believe everyone should have access to financial markets.
It does not matter who you are or where you're from, we’ve built TradingView to ensure that everyone has access to the best tools, charts, and data.
Our goal is to enable research, planning, and action for anyone who wants to do more in markets. In addition, we rely on you - we value your feedback,...
I can't help but make this a festive post as Bitcoin finally broke the previous All Time High (ATH) of $64900 made last April, a level many thought it wouldn't reach again for many years to come if ever! So let us take this short opportunity to congratulate everyone. All the HODLers. For all those who had to endure 5 months of stress, anxiety, discomfort and pain...
In the last post in this series on chart patterns, we described the characteristics, rules, and causes of broadening wedges patterns (if you haven't seen it, see the related ideas below).
In this post, we shall perform an advanced analysis of a related pattern, narrowing wedges. We provide a description of each pattern and its implications.
That's the way it...
I was at a BBQ this weekend and a friend asked me how high could Ethereum go in *THIS* cycle. The answer is always the same - I don't have a clue, but you should say long.
I looked at the chart later that day and asked myself if I was forced to pick a number, which would it be? The highest number possible with some logic attached to it. Keep in mind, the chart...
Al Pacino played John Milton in the 1997 film the Devil’s Advocate. Milton ran a hugely successful law firm as a front. The fictional character was really the devil. The final line of the movie is, “Vanity is definitely my favorite sin.”
Vanity is excessive pride in or admiration of one’s own abilities, appearance, or achievements. There is a fine line between...
Q3 Earning season is approaching fast
Background: The earnings covered call volatility play
------------------------------------------------------------------
one of the easy earning plays if you hold a portfolio of stocks (or if you're a fan of the wheeling strategy) is to sell Covered Call (CC) right before the earnings announcement - when the volatility is...
Squid game is the hottest series on Netflix ($NFLX) right now, in which 456 players join a game of death, where they have a chance to win 456 Billion Korean Won (KRW), or 38.5 Milllion US Dollars.
What’s interesting about this series is that it depicts human sentiment in a very realistic way. We could see how market participants think and act by looking at the...
