Support and resistance levels, the bedrock of technical analysis, are fundamental elements. They serve as critical points that delineate potential price movements and are pivotal in decision-making processes for traders and investors alike The basis: There are several fundamental concepts in trading that remain the same over a long period of time. Among them,...
Lesson 1: Be an Artist explains the following topics: Timeframe Significance Price Location Significance Drawing Support / Resistance Drawing Fibonacci Retracement – Significant Levels
📍Support and Resistance 101 Support and resistance are two foundational concepts in technical analysis. Understanding what these terms mean and their practical application is essential to correctly reading price charts. Prices move because of supply and demand. When demand is greater than supply, prices rise. When supply is greater than demand, prices fall....
BINANCE:BTCUSDT In the United States, the federal funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight on an uncollateralized basis. Reserve balances are amounts held at the Federal Reserve to maintain depository institutions' reserve requirements....
Hey there, traders. One of the common tools we use for technical analysis are Fib retracements and a lot of you been asking on how to use them properly. Well, today is your lucky day :) Fibonacci Retracement is a technical analysis tool that is widely used by traders to identify potential levels of support and resistance in financial markets, including forex...
The fundamental concepts of technical analysis are support and resistance levels. Technical analysis strategies are based on psychological and mathematical patterns from previous periods. One such pattern is resistance and support levels, which determine the most likely price direction change or confirmation of trend continuation. They can be used by both new and...
Price has approached the top of a very visible parallel channel as well as a resistance area. It's dangerous to trade short as big banks, hedge fund, institutions will have the opportunity of a big amount of liquidity that they will use to fill their orders. Basically they might drive the price higher with big capitals, and hit all retail trader's stops. Be carefull.
This setup you can call it break and retest!!! Before going in to the trade wait for confirmation. Remenber that 80% of the time when price break structure then revisit it for a continuation. OANDA:XAUUSD
Save this! Before placing an order it is advisable to wait for confirmation. In the chart above we have an example of a sell that can be made on 1HR / 30m / 15m. We are waiting for the price to form a resistance. See if there is enough range 15-20 pips . Place the order and as a target most recent support.
RSI Static Supports and Resistances on Multi time frames. educational
Bollinger Bands Timing for options trades relies on many price signals and confirmation. Even so, knowing when trends are likely to continue or to end is a skill of its own and many traders have timed entry and exit poorly because the trend was misread. One signal helps overcome this problem. Bollinger Bands (BB) track the trend with three bands. The middle...
Hello traders! A quick Cable update, where we have noticed a corrective decline for the past few weeks. Well, at the end of 2020, we have seen strong and impulsive push to the upside, clearly with five waves into a wave A and then, from the beginning of January of 2020, we can see a three-wave a-b-c decline, ideally for wave B, so seems like Cable may retest the...
Basic charting skills for novice traders Understanding Support and Resistance levels are a fundamental part of learning how to chart and trade. It's the most basis concept but plays a tremendous role in technical analysis. When one has a good understanding of support and resistance levels, he/she can start trading S/R flips. Which is a relatively easy...
I want to show with this example how the price in a lateral movement oscillate in ranges between supports and resistances lines. The target is the following, if the price bounces on a resistance, make a short until it reaches the support level. If it bounces on a support, make a long until it reaches the resistance. If the price breaks a resistance, make a long...
Every time that we are looking for Support and Resistance, we are always wondering when will our price finally go up or down, in order not to risk your accounts, you can use the following MACD strategy and look for any price divergence. MACD Strategy: Fast Length: 3 Slow length: 10 Source: Close Signal Smoothing: 16 Happy Trading!!!