Process to identify Double Bottom Pattern:
1) Find out Support/Demand Zone in the script
2) Use RSI to identify any divergence in current trend
3) Place Early Entry or Wait for any candlestick pattern confirmation - i.e Hammer , Bullish Engulfing, morning star or others bullish pattern.
Entry and Stop Loss:
1) Early entry at support level on basis of RSI...
Have you ever noticed that when a certain currency pair rises, another currency pair falls?
Or how about when that same currency pair falls, another currency pair seems to copy it and falls also?
Currency Correlation Example
If the answer is “yes,” you’ve just witnessed currency correlation in action!
If you answered “no,” you need to stop doing less important...
This is not a post to start the bears on a name calling rampage. This post is not to get validation from the bulls. This is simply my opinion based on a few different technical theories. Yes, we had another push down, now everyone is saying..... "See, I have been telling you that we are going to $14k and nobody listened, you all cussed me out and now...
It's a raising wedge pattern >> you know what i mean the uptrend looking weak , volume is too low to support the uptrend
In conclusion according to me there is a high probability for bitcoin to test $36k again be ready for that !!
How who you share a time zone with can help your trading. My friend on discord just started learning and wanted to know how does the time zone of Bein helps his trading since it is shared with Germany.
Tesla stock is showing some bearish signals. Is forming a double top with two big weekly reversals candles. Also shows bearish divergence against the RSI in the weekly timeframe. On the other hand, price is trading within a huge megaphone bearish pattern. The price is hanging by a thread. If it breaks the support, is going down hard. Personally, I don't think...
NFP week so this could get wild
Bias remains bullish on USDCAD,
due to USD strength, and not anticipating crude oil to take CAD with it to the
moon. Here we can see market structure on 3 different Timeframes.
Plz Like for more breakdowns like this
Daily TF -
Good time of the day, traders! As you can tell from a pretty self-explanatory name, this is our last and full review on all of the most useful indicators available for public use. The first two parts are linked to this post and now we’re going to take a look at our last 3 indicators.
The Williams Percent Range, commonly known as the Williams Percent R, is a...
I just wanted to put some visuals together as I am seeing a lot of banks making statements regarding the FED rate increases affecting the price of Bitcoin and other crypto assets negatively. I am not saying that this will not end up being the case but, I wanted to show what happened the last time the FED decided to increase rates compared to what...
Hello Everyone here is the Link for the Chart ^
I spent some time Breaking Down USOIl from Last week
and how FOMC impacted Price Action.
All feedback is appreciated.
This is the link for the US Oil Chart ^
The best traders hone their skills through practice and discipline. They also perform self-analysis to see what drives their trades and learn how to keep fear and greed out of the equation. These are the skills any forex trader should practice.
Trading forex can be a great way to diversify a broader portfolio or to profit from specific FX...
“ You don't set out to build a wall.
You don't say 'I'm going to build the biggest,
baddest, greatest wall that's ever been built.
You don't start there.
You say 'I'm gonna lay this
brick as perfectly as a brick can be laid,
and you do that every single day,
and soon you have a wall.”
- Will Smith -
NEVER INVEST IN SOMETHING YOU DO NOT HAVE KNOWLEGE OF.