About meGet the Best Crypto Signals and Trade Crypto Like a Pro.
Let our team help. Get access to our high quality trading signals and let us do all the work. You don’t need to spend all day staring at charts anymore.
A typical Accumulation Phase C contains what is called a Spring. It often acts as the last bear trap before the market starts making higher lows. During Phase C, the Composite Man ensures that there is little supply left in the market, i.e., the ones that were to sell already did.
The Spring often breaks the support levels to stop out traders and mislead...
Potential head and shoulders inside the triangle. If we manage to confirm with support fibonacci level 0.5 we have a potential opportunity to attack the levels above fibonacci 0.618 if this happens and we have a confirmed head and shoulders pattern there is a possibility to break the resistance of the Symmetrical triangle. Pattern head and shoulders is not valid...
What Does an Inverse Head And Shoulders Tell You?
Investors typically enter into a long position when the price rises above the resistance of the neckline. The first and third trough are considered shoulders and the second peak forms the head. A move above the resistance, also known as the neckline, is used as a signal of a sharp move higher. Many traders watch...
According to Thomas Bulkowski's Encyclopedia Of Chart Patterns, the Adam and Eve formation is characterized by a sharp and deep first bottom on high volume (Adam). The stock bounces and develops a more gentle correction, printing a second bottom (Eve) on lower volatility. Eve's rounded bottom takes longer to develop than the Adam spike and it is characterized by...
Adam & Eve Double Bottoms: Bull Market Results
Overall performance rank (1 is best): 17 out of 39
Break even failure rate: 12%
Average rise: 43%
Throwback rate: 67%
Percentage meeting price target: 69%
The double bottom confirms as a true double bottom once price closes above the peak between the two valleys. See the figure to the right. Without confirmation you...
Fibonacci time zones are a technical indicator based on time. The indicator is typically started at a major swing high or swing low on the chart. Vertical lines then extend out to the right, indicating areas of time that could result in another significant swing high, low, or reversal. These vertical lines, which correspond to time on the x-axis of a price chart,...
Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form within longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices, but only after an upside penetration of the upper trend line. The stock will continue channeling downward until it is...
Head and shoulders Bottom
Overall performance rank (1 is best): 13 out of 39
Break even failure rate: 11%
Average rise: 45%
Throwback rate: 65%
Percentage meeting price target: 71%
The above numbers are based on 3,197 perfect trades.
Adam & Eve Double Bottoms: Overview
Adam is a term that describes how the bottom looks, in this case, a narrow, pointed bottom, perhaps with a one-day downward spike. Eve bottoms are more rounded looking and wider. If they have spikes, they tend to be more numerous and shorter. Many times the difference between Adam and Eve is the width of each over their entire...
This is a very good scenario if the $ 34357 level (fibonacci 0.5) is confirmed and we build support above this level. After the ABC correction, we need a confirmed uptrend and higher bottoms to make sure that the trend is reversing.
Shakeout - A dramatic change in market conditions that forces speculators to sell their positions, often at a loss. A shakeout is a situation in which many investors exit their positions in a stock or market segment at the same time, often at a loss. A shakeout is usually caused by uncertainty or recent bad news circulating around a particular security or...
Ascending Broadening Wedges tend to breakout in the direction of the previous price trend and so act as continuations of this move.
There are a few ways to trade these patterns. The target is the full height of the pattern, from the lowest low to the highest high forming the trendlines. Watch out for price reversing at the upper trendline on the fourth touch.