PRICE ACTION: • A steep upwards price action initiates from (1) till finding first resistance (2), creating the flag's pole. • Price action reverses direction from (2) and forms lower highs and lower lows in a narrow flag formation till it finds the lowest support in the formation at point (3). • The pattern is completed when price action reverse direction from...
PRICE ACTION: • In an uptrend, price action finds first resistance (1), which will the horizontal resistance for the rest of the pattern formation, where it reverse direction goes downwards till finding first support (2), which will be the lowest low in the pattern. • Price action reverse direction from support (2) and goes upwards, till finding the second...
PRICE ACTION: • In a downtrend, price action finds first resistance (1), where it reverses direction and goes upwards till finding support (2). • Price action reverses direction from (2) and goes downwards till finding second resistance (3), which will be -around- the same rate of the first resistance (1). • Price action reverses direction from (3) and goes...
The basic idea is that some pin bars will retrace to around 50% of the tail, so we can look to enter there with a limit order. This provides a tight stop loss with our stop loss just above or below the pin bar high or low and a large potential risk reward on the trade as a result.
PRICE ACTION: • Price action finds first resistance (1), where it reverses direction and goes upwards till finding first support (2). • Price action reverse direction from support (2) and goes downwards, till finding the second resistance (3) which must be higher than the first resistance (1). • Price action reverse direction from resistance (3) and goes...
PRICE ACTION: • In a downtrend, price action finds first resistance (1) that forms left shoulder's low, where it reverse direction and goes upwards till finding support (2), completing the left shoulder formation. • Price action reverses direction from that support (2) and goes downwards till finding second resistance (3) that forms head's low, where it reverses...
Double Bottom at strong $20k support. Target price $24000
Rising wedge after strong bearish A-B move to 61.8% fib Breakout of lower wedge boarder
Bullish breakout confirmed after falling wedge on Daily time frame at previous support of $0.1680 Divergence on OBV. Waiting for retest to $0.1730-$0.1700
Aggressive pullback entry with good R:R Scale position in with break of neckline
Short term BUY as price currently at lower boarder of possible ascending triangle. Will be waiting for a pinbar confirmation candle on the daily time frame before taking the trade
Short term BUY @ previously tested support zone. Potential right side shoulder forming of H&S pattern
PRICE ACTION Price action finds first resistance (1), where it reverses direction and goes upwards till finding first support (2). Price action reverse direction from support (2) and goes downwards, till finding the second resistance (3) which must be higher than the first resistance (1). Price action reverse direction from resistance (3) and goes upwards, till...
The basic idea is that some pin bars will retrace to around 50% of the tail, so we can look to enter there with a limit order. This provides a tight stop loss with our stop loss just above or below the pin bar high or low and a large potential risk reward on the trade as a result.
PRICE ACTION • A steep upwards price action initiates from (1) till finding first resistance (2), creating the flag's pole. • Price action reverses direction from (2) and forms lower highs and lower lows in a narrow flag formation till it finds the lowest support in the formation at point (3). • The pattern is completed when price action reverse direction from...
The basic idea is that some pin bars will retrace to around 50% of the tail, so we can look to enter there with a limit order. This provides a tight stop loss with our stop loss just above or below the pin bar high or low and a large potential risk reward on the trade as a result.
PRICE ACTION • In an uptrend, price action finds first resistance (1) that forms left shoulder's high, where it reverse direction and goes downwards till finding support (2), completing the left shoulder formation. • Price action reverses direction from that support (2) and goes upwards till finding second resistance (3) that forms head's high, where it reverses...