Hey there, crypto enthusiasts! Let's take a closer look at the recent Bitcoin pump that didn't quite take off as expected. It turns out, we encountered a significant resistance level at the 0.5 Fibonacci retracement on the Fibonacci retracement tool. 📊💡 🌐 The Fibonacci Fascination: Before we delve into the recent action, let's touch on the golden tool of...
Good Afternoon everyone, I will show in depth order entries in this post, read the updates to see. This idea was formed last night around 10PM NY Time. I originally was hoping to trade up into the most recent Order Block (green path arrow) during the London session and end at the Terminus -4 around 8:00AM NY time. I then would've liked to see accumulations...
The trading landscape in the 21st century is characterized by a revolutionary fusion of cutting-edge technology and financial acumen. As the accessibility of trading increases, traders wield a versatile suite of tools that encompass chart patterns, Fibonacci retracements, Andrews' pitchfork, and the Zig Zag indicator. This in-depth exploration delves into the...
In the dynamic world of financial markets, successful trading demands more than just a basic understanding of price movements. Chart patterns are the secret weapon wielded by seasoned traders to decipher market psychology and forecast future price directions. From the simplicity of triangles to the complexity of head and shoulders formations, these patterns offer...
Hey traders, In this article we will discuss two very popular Fibonacci tools: Fibonacci retracement and extension. 1️⃣Fib.Retracement tool is applied to identify a completion point of a retracement leg within an impulse. As you know price action has a zig-zag form. For example, in a bullish trend, the price tends to set a higher high then retrace and...
In the realm of technical analysis, few tools capture the imagination of traders as effectively as Fibonacci retracements and extensions. Derived from the famous Fibonacci sequence, these levels offer insights into potential price reversals, extensions, and trend continuation points. In this article, we'll delve into the world of Fibonacci levels and explore how...
I wanted to share my thoughts on the significance of using channeling technique in Elliott Wave theory when analyzing charts. To begin, we draw what we call a "base channel," starting from the beginning of wave 1 and extending it to the end of wave 2. This initial channel provides us with a foundation for analysis. The following occurrence of an impulsive...
The strength of a trend can be a key factor in predicting future price movements. This post will specifically cover how to identify trends, how to determine trend strength, and how to use it to your advantage when trading the markets. Characteristics of a Trending Market To begin, let us understand how to identify a trending market. A trending market is a...
Lesson 1: Be an Artist explains the following topics: Timeframe Significance Price Location Significance Drawing Support / Resistance Drawing Fibonacci Retracement – Significant Levels
Hello, everyone! One of the strategies which I use in my trading routine is FibDiv strategy. This strategy differs from other based on Fibonacci retracement, but in my opinion has higher win rate and clear rules to enter and exit trades. To apply this strategy follow the steps below. 1️⃣FIBONACCI RETRACEMENT SETTINGS Firstly you should set the additional...
Check out this 7.32RR trade I took today on GBPUSD. OANDA:GBPUSD Trade Process: Daily is bullish with FVG serving as draw on liquidity. 1HR: Took out Sellside liquidity left with BuySide liquidity to take out. 15M: London Session open took out 15M sellside liquidity with high probability of taking out Buyside liquidity. Entry: I used my fib to locate...
We had successful trades with the NASDAQ and the DAX. Let's look back at the past trading week and learn from it. What went well? What could be better? This is an experiment. Educational content to become a good waver. If you like this video, please let me know by commenting. Any suggestions? Please let me know. Something went wrong with the recording for the...
The key is to count the waves correctly. Once we have an extension, we can use the Fibonacci tool to validate and set our entry traps. Enjoy.
Are you looking for a way to take advantage of short-term market movements without the stress of day trading? Look no further than swing trading. In this article, we’ll dive deep into the world of swing trading, exploring how it differs from day trading, discussing its advantages and disadvantages, and taking a look at some of the most popular swing trading tools...
Hello dear @TradingView community! Are you familiar with the ABCD pattern? The ABCD pattern is a highly effective tool utilized in trading to identify potential opportunities across diverse markets, including forex, stocks, cryptocurrencies, and futures. This pattern takes the form of a visual and geometric arrangement, characterized by three consecutive price...
📍 What Are Fibonacci Retracement Levels? Fibonacci retracement levels—stemming from the Fibonacci sequence—are horizontal lines that indicate where support and resistance are likely to occur. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and...
A very warm welcome to this video which is all about the 3 Essentials to Start Trading . This is for all of you out there that may be new to trading, that haven’t got a feel for the market yet and haven’t got started and maybe you’re asking yourself ‘What is it I need to do now to get myself up and running?’ We found out of the 20,000 plus traders that we’ve...
Bullish mat hold is commonly mistaken as only a five candlestick formation. In a simple word, it is a chart pattern that shows small market corrections after an up move and yet hold the profit zones before the final candle continues the trend of the first day by pushing the price higher and continue the movement of the first day. For instance, If you see the...