Discussion Pattern: Wedges, Falling
In the following chart, we provide a case study of the EUR/USD based on the volume profile structures created. We can classify these structures as single distribution or multiple distribution structures. As part of the multiple distributions, we can break it down into: L or P shapes, long or short, with the price close also a key determiner to understand what...
Would you like to trade with better precision and understand what are the areas in the chart where the smart money tends to take profits? In this case study, we unveil one of the overlooked yet most useful tools you will ever come across. By drawing a 100% fibonacci projection, you can anticipate the reversals in price, due to: - The side in control of the cycle...
Prior analysis Definition trend and change of trend ( Trend reversal) Downtrend - Definition A downtrend comprises a repeating sequence of: 1) A downward extension 2) A swing low 3) An upward pullback 4) A swing high A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend Uptrend - Definition An uptrend comprises...
Prior analysis Definition trend and change of trend ( Trend reversal) Downtrend - Definition A downtrend comprises a repeating sequence of: 1) A downward extension 2) A swing low 3) An upward pullback 4) A swing high A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend Uptrend - Definition An uptrend comprises...
What if you could add a ‘non-lagging’ indicator that would allow you to make better-informed decisions as a trader? That’s where tick volume, which measures the number of times the price ticks up and down, comes into play. Did you know that tick volume activity and actual traded volume in spot forex exhibit a relationship that is extremely high? All it takes is...
EUR/USD: How To Trade Market StructuresAuthored by Ivan Delgado, Head of Market Research at Global Prime. This educational post has been exclusively adapted for tradingview users. In this tutorial, I walk you through how to read these cycles, which go by the name of “market structure”. You will be provided a frame of reference for you to properly interpret the...
Looking at the m15 chart only can lead you to have the correct idea but in the wrong place. By looking at high time frame charts you get a better picture of when a trend is in place, when a trend is no longer working or when there is no trend and we're in a range. On the attached charts a daily time frame (top left) has a defined up trend and at 1.6700 the trend...
If you are a discretionary trader, this chart illustration will hopefully enhance your understanding of what to consider key areas in a chart where opportunities may arise. They go by the name "liquidity areas/levels". Understanding the levels where you want to engage in buy/sell action is absolutely critical. After all, the ABCs of technical analysis orbits...
I am still working on my first strategy (been for weeks now) and have several more after this, but from what I saw the 4-HR and 1-HR chart seem to provide the best signals. Also, all my strategies are based on the daily chart (if I see these factors align on daily then I look for signals on H-1 H-4 charts such as macd divergence or something). So are these...
Hi Swing Analysis according to G.W.T. are the best in predicting next swing direction. Price by its self will show us where need to go. Going from Daily trough H4 down to one-hour chart you can very easy see how clear and simple is to predict direction of the next swing and trend direction. Also pay attention to Momentum – power behind price movements. No...
Definition trend and change of trend ( Trend reversal) Downtrend - Definition A downtrend comprises a repeating sequence of: 1) A downward extension 2) A swing low 3) An upward pullback 4) A swing high A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend Uptrend - Definition An uptrend comprises a repeating...
Definition trend and change of trend ( Trend reversal) Downtrend - Definition A downtrend comprises a repeating sequence of: 1) A downward extension 2) A swing low 3) An upward pullback 4) A swing high A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend Uptrend - Definition An uptrend comprises a repeating...
Based on the market behaviour that:- "prices tend to return" "Same Seiden's Supply and Demand concept", "Banks always split their orders hence price tend to go back so banks can put their orders again" hence the concept "Boomerang Effect". Some traders mark big candles as a "leading indicator" that price tends to return to that price, think of a magnetic...
Discusstion: Head-and-Shoulders Bottoms Identification Characteristics Trading Tactics Prior analysis Prior Education Discussion-Three-Falling-Peaks-Pattern. Discussion: Triangles, Symmetrical! Sideways Trend ! Break support/Resistance, give confirmation? Support and Resistance, A way to draw a horizontal line !
Discussion: Head-and-Shoulders Bottoms Identification Characteristics Trading Tactics Prior analysis Prior Education Discussion-Three-Falling-Peaks-Pattern. Discussion: Triangles, Symmetrical! Sideways Trend ! Break support/Resistance, give confirmation? Support and Resistance, A way to draw a horizontal line !
EURUSD: Review 3 Order sell EU on H1. - Three falling pattern forming on H1! (1) (2) (3) (4)
Identification Guidelines: Trading Tactics Link Prior analysis EURUSD 1. Breakout pattern 2. Pullback and confirmation ( Link: Textbook Encyclopedia of Chart Patterns 2Ed, page 748-764) Please support the setup with your likes, comments and by following on TradingView. Thanks