Step by step analysis provided in the chart. Following the high made in April 2015 to the low made in February 2016 there appeared to be an area of low volume, which now has successfully been filled up to the 61.8% retracement level. Back testing this idex shows its sensitivity towards this '61.8' level. To make things more convincing, this level is also lining up...
Have published sell trade on this pair already which is attached with this idea. However, wanted to make detailed price action explanation on this trade. Look how price behavior can be interpreted & anticipated ahead of times. Enough one have enough knowledge & practice then we can predict the price movement for certain degree. Now I know many wont subscribe to...
I had a request from a friend to analyze USD/TRY:
On daily perspective I saw a nice classical Elliot Wave with double zigzag till point E correction waves.
Before starting the analyze I want you to eliminate the harmonic pattern that I draw there; First we start with trends and the potential of opening trade. PA (Price Action) creates trend and trends give us...
In continuation of my earlier blog on Technical Analysis For Beginners (link attached below), today I want to pen down important detail on indicator, specially MOVING AVERAGE's (MA's) . Many many traders use different type of moving average in their trading strategy which makes it more important indicator compared to other indicators. Many people ask or doubt...
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YEARS, AND WAKE UP RICH"
@YUNGFINANCE
