Quite an easy pattern to spot -commonly referred to as a Triple Top as well by some resources- and a very powerful one to trade (unless you are a breakout trader! 😁). Both the bigger range and the smaller range have printed a swing point which got swept/deviated then retested. I believe we target the equal lows at the bottom of the bigger range next.
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. 58 out of 500 days done. I truly appreciate your continuous support everyone! Let me know if you like the series, and if you would like me to change or add anything. Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All...
demand zone wave analysis price action range break out
The impulsive wave is bearish, a correction is formed to continue the bearish wave wave A and B formed. Now wave C has started. It may reach the range area, the correction ends and the downtrend continues.
wave analysis demand zone price action range breakout pullbakc
FX_IDC:EURGBP Hello everyone! 🛎 Let check the trading idea for EURGBP 🤗 Not making anything difficult everything is pretty straightforward. 👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate. 🟢 👉 2. Price goes BELOW the selected range. Short positions to activate....
Technically, the USD/JPY pair is positive as long as it remains above the R1 (138.20). Upside barriers are represented by R2 (138.90) and 139.07. Additionally, the uptrend line functions as dynamic support; only a new lower low and a legitimate breakdown below this line might render the upward scenario incorrect and herald a bearish reversal.
Hello 🐋 Based on the chart, the price is in the rang phase close to the support area ✔️ so for now, we expect to see brief gain for the price 👌🚀 and our main focus for the support are $18350 to $18780 areas 📖💡 after that based on the Theter dominance and a good deal of other information from the chart, we will enter to the long or short position 📖💡🐋 Please, feel...
The H1 chart shows that the pair only experienced a false breakdown below the pivot point of 0.9980, through the previous low, and now above the previous highs. The weekly R1 (1.0070) is being challenged by EUR/USD, and it may soon reach the important level of 1.00900. If the price can't stay below parity, it might try to continue its upward trend. Good Luck!
wave analysis demand range price action impulse wave
CHR has been moving through the same range since mid may between the quadruple bottom at $0.15 all the way up to $0.285 separated into 4 quarters that can be traded between fairly reliably. NOT FINANCIAL ADVICE
wave analysis supply zone range price action break out impulse wave
hello traders The price is now at selling levels, but the behavior is buying, so the expectation is that the price will rise to the range area
wave analysis demand zone price action range impulse wave
Several hard rejections at resistance (see red dots). Rounded formation at resistance – indicated buyers exhaustion, favoring shorts. Candle has yet to close and a lot can happen especially in those last ten minutes. Possible resistance at 19760 - could be a first TP point. If bullish reaction there is weak (watch volume), I would let it run to 19620, which is...
Hello 🐋 Based on the chart, the price is in the rang phase close to the support area ✔️ so for now, we expect to see brief gain for the price 👌🚀 but based on the information (our4 phase plan) on the chart we expect to see more correction and our main target is the area of $18350 to $18780 📖💡 after that based on the Theter dominance and a good deal of other...
So yesterday I posted an idea that said BTC PA is showing bullish weaknesss and may set the precedent for a new drop. (Idea is linked as related idea below.) Reason why I said so was that there was an absence of any significant buyer reaction following the big drop we had the day before. PA was just weakly crabbing, with buyers showing a complete inability to...