Tradingview provides the ability to look at multiple timeframes in one view. This feature allows candle analysis over the different timeframes.
Believe it or not, there are only three types of candles that can occur on a candlestick chart:
- Inside Bar (Candle Type 1)
- Up or Down Bar (Candle Type 2)
- Engulfing Bar (Candle Type 3)
A Type 1 candlestick...
The nice thing about TradingView is that it is very easy to create custom hybrid charts so you can begin to look at charts that no one else really looks at. I was wondering about the relationship of the USDCAD vs Crude. Compared to early 2009 we can see that the relationship got to 26.75 which means that we are getting close to 2009 but if things get really bad we...
The nice thing about TradingView is that you can create custom hybrid charts. For this one I'm looking at short term volatility vs longer term volatility. When the ratio gets above 1 it seems to indicate a bottoming process. We are not there yet.
TSLA head and shoulders, triggered yesterday and retraced today without violating neckline. Nice target if it plays out. Cover on daily close above neckline or break even after a buffer built. Good risk/reward play with tight stop. Warning there are earnings Nov 5.
If Gold gets to $1160 there is very good risk/reward at that price. There is a pivot at around $1156.70 and a symmetrical $424 price from the trend line that it broke down from. The price is quite far away at the moment but it's possible we get there in the next few months. Best trading.