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1-2-3-pattern

USDCAD Bullish Price Action, Wait For Buys Hello traders: Looking at USDCAD here on the higher time frame, I cant help but point out the bullish price action in nature. The overall structure looks clean from the bullish move up, and a larger correction, with multiple swing highs and lows, forming the correctional structure you see right now. From last year, during September 2022, we see a strong bullish impulse phase on the mid time frame, validates my forecast from the beginning of the year. After the impulse phase, we can see a consolidation begin to form, and price is correcting for the next possible continuation up move. What we can wait for is on the lower time frame development to confirm the next up move. I would wait for some clean bullish continuation correction to form and complete, before consider entry. Thank you
Long
by jojofang0901
8
GBPJPY More Downside, Watch For Sell On GBPJPY, we can expect more bearish price action to confirm the downside. What I like about the price action is we have ascending channel reversal, within the larger correction that is correcting the previous bearish impulse phase. We can see price has already started ts bearish move from the top of structure, and has already formed a continuation correction to break out of the ascending channel. Expecting more downside, wait for more bearish continuation corrections on the lower time frame to confirm more drop.
Short
by jojofang0901
3
📉 4 Common Bearish PatternsIn trading, a bearish pattern is a technical chart pattern that indicates a potential trend reversal from an uptrend to a downtrend. These patterns are characterized by a series of price movements that signal a bearish sentiment among traders. 📍Bear Flag 🔸 A small rectangular pattern that slopes against the preceding trend 🔸 Forms after a rapid price decline (flagpole) 🔸 The pattern is completed when the price breaks below the lower trend line of the flag 📍Descending Triangle 🔸 A bearish continuation pattern that forms with a horizontal support line and a descending trendline 🔸 Forms as the price reaches lower highs, while the lows remain at the same level 🔸 The pattern is completed when the price breaks below the horizontal support line 📍Rising Wedge 🔸 A bearish reversal pattern that forms with a series of higher highs and higher lows 🔸 The pattern forms as the price moves up in a narrowing range 🔸 The pattern is completed when the price breaks below the lower trendline 📍Triple Top 🔸 A bearish reversal pattern that forms with three peaks at the same price level 🔸 The pattern forms as the price reaches resistance at the same level multiple times 🔸 The pattern is completed when the price breaks below the support level, which connects the lows between the peaks 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Editors' picks
Education
by QuantVue
21
EURSGDEURSGD - Break out...Coming soon! EURSGD - Technically it's brewing for break out to either direction. We are currently within the ranges of Highs: 1.44965 Lows: 1.41187 If we are to break the lows, expect the recently low areas of 1.37625 to be target areas. If we are to break the hight, expect the the two key resistance areas to be tested and to be target areas 1. 1.47285 & 2. 1.49660 I have even enjoyed trading the USDSGD - very clean set ups! Have a great week ahead, Trade Journal
by Trade_Journal
ATLAS TECHNICAL CONSULTANTS: Elliott Waves Technical AnalysisFrom a technical point of view, the trend is bullish on hourly chart, so it could be interesting to look for a potential corrective structure that we could use to try to take a long position. The downside is that we don't have extended historicity and that makes the setup high risk, so logic tells us to use a small size. ATLAS TECHNICAL CONSULTANTS ($ATCX) - NASDAQ NASDAQ:ATCX Strategy: Buy on Wave 4 PROFILE Sector : Industrial Services Industry : Engineering & Construction Atlas Technical Consultants, Inc. is a provider of professional testing, inspection engineering and consulting services. It offers solutions to public and private sector clients in the transportation, commercial, water, government, education, and industrial markets. The firm provides a broad range of mission-critical technical services, helping clients test, inspect, certify, plan, design and manage a wide variety of projects across diverse end markets. The company was founded on June 28, 2017 and is headquartered in Austin, TEXAS. Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
ALong
by TheAnonymousBanker
3
USDCADHi guys!" USDCAD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
BTC diamond 4 hri thought i would share my latest idea based on that dump we just had. I see a diamond pattern here. BTC already broke out and retested, but now has broken out of its pattern and dumped back down . So i changed my anlysis and spotted this diamond So either pump through the low volume gap (blue box) take out the red vectors OR dump hard and grab the liquidity in the green vectors below. If BTC drops lower then it could form the double bottom which would make this diamond a continuation. But if BTC goes up from here it could more likely be a reversal diamond. Or it could do something totally different, im still learning, over a year now and have learnt a lot :) peace and love everyone :)
by Crypto_SUP_Surfer
Closing The BuysHello Traders! Welcome back to another trade with analyst Aadil1000x. Previously we bought BTC from 22734 and were holding it for good profit but the market situation is changing and bears want to take control. This post is all about the next move of the BTC. Once BTC completes this move we will analyze the next few steps. After this move, some tricky phases will start and we will make the decisions wisely. In the recent breakout, we don't see a strong breakout so I am expecting a drop that will break this expanding triangle pattern. Don't forget to hit the like button and follow to stay connected.
Short
by Aadil1000x