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5-0-pattern

🔥 XRP Reversing From Strong 2023 SupportXRP has been trading bullish for the majority of 2023, continuously trading alongside a diagonal support. As of last week, XRP has yet again retested the support line and is currently reversing. My assumption is that this support will hold for the coming months. For an optimal risk-reward I'm targeting 0.7, but you can also take partial profits around 0.55 in case you want to play it more safe. Stop below the recent swing low.
Long
by FieryTrading
5
🔥 MATIC Potential Bear Flag Forming: 2 In 1 Signal!After weeks of selling, MATIC seems to have found support and has been trading inside a bullish channel for over a month now. A bullish channel after a strong sell-off often results in a bear flag pattern, which is a continuation of the bearish trend. Looking at this chart, we can construct two different signals. The safest trade would be to wait for the price to fall through the channel's support and enter once the price has closed below it. A more risky trade would be to enter from the to resistance, around the current area. Bot trades have the same target: the current bear market bottom around 0.32. The potential win of the risky trade is much higher because of the tighter stop and the further profit target.
MShort
by FieryTrading
8
🔥 Bitcoin Finally Breaking Out? Part 2Last week I made an analysis on Bitcoin where I wrote that I was expecting a break out from the range. However, BTC reversed sharply after hitting the ~31.5k resistance. No entry has been made in the previous analysis because we didn't close above the yellow area. As of now, BTC is seeing another strong influx of buyers. Again, I'm looking at the same structure and hoping for a bullish break out. Close above 31.5k to trigger the signal. 39k is the target because it's around the middle of my Elliot Waves analysis range, see below.
COINBASE:BTCUSDLong
by FieryTrading
15
🔥 Why I'm Still Bullish: Bitcoin Elliot Waves AnalysisOver the last few months I've made several Bitcoin analyses where I discussed the Elliot waves pattern I discovered. To this day, my prediction of price movement is spot on. With this analysis I wanted to give you all an update on where we are and what we can expect. Below you find a couple of past analyses in chronological order. Assuming that BTC will follow my Elliot Waves prediction, there's still more juice left in this run. The fact that we're consolidating (and not reversing) right below the 31k resistance is very bullish in my eyes. Only thing we need now is some kind of catalyst to push us through this massive resistance, be it bullish macro news, ETF approval, or simply a spike on low volatility. What I'd prefer to see is a strong move through previous local tops (we've bounced off the 31,000 - 31,500 area like 5 times now), and an immediate move to 33,000 to confirm the break out and leave bears in disbelief. My target area for this year remains the same: 36,500 - 40,000. Would be very surprised if BTC manages to break through 40k this year. But hey, anything is possible. To invalidate this analysis I have to see a move below 25,200 (dotted purple support) before confirming a break out through 31k. Are you bullish or bearish? Tell us why in the comments 🙏
INDEX:BTCUSDLong
by FieryTrading
32
📈 4 BULLISH PATTERNS YOU NEED TO KNOW📌How to easily identify these patterns? 🟢Cup and Handle Pattern The cup and handle pattern is a bullish continuation pattern that typically occurs after a significant uptrend. It is characterized by a U-shaped "cup" followed by a smaller consolidation known as the "handle." The cup portion represents a temporary pause or correction in the price, forming a rounded bottom. This signifies that selling pressure has diminished, and buyers are stepping in. After the cup formation, the handle is formed as a slight downward drift in price, usually in the form of a small consolidation or a shallow retracement. The handle represents a final consolidation before the resumption of the bullish move. The handle should be relatively smaller in size and have a downward-sloping price action. 🟢Double Bottom The double bottom pattern is a bullish reversal pattern that signifies a potential trend reversal from bearish to bullish. It consists of two consecutive lows that are approximately at the same level, forming a support level. The first low represents a selling climax or a period of intense selling pressure. After the first low, the price rebounds and retraces to form a temporary high, creating a potential resistance level. However, buyers step in again, pushing the price back up, resulting in a second low that matches or is very close to the level of the first low. This double bottom formation indicates a significant level of support where buying interest outweighs selling pressure. 🟢 Bullish Flag The bullish flag pattern is a continuation pattern that occurs after a strong upward move in price. It is characterized by a brief period of consolidation, where the price forms a narrow and rectangular range, resembling a flagpole and a flag. The flag portion of the pattern is typically slanted in the opposite direction of the initial price move. The flagpole represents the initial strong upward move, indicating a surge in buying interest. Following the flagpole, the price enters a consolidation phase, represented by the flag. This consolidation allows the price to stabilize and absorb selling pressure. The flag pattern should have parallel trendlines that contain the price action. 🟢Inverse Head and Shoulders The inverse head and shoulders pattern is a bullish reversal pattern that indicates a potential shift from a bearish to a bullish trend. It consists of three consecutive lows, with the middle low (the head) being lower than the two outer lows (the shoulders). The pattern resembles a head between two shoulders. The left shoulder forms as the price declines, followed by a subsequent rally to create a temporary high. The price then retraces, forming the head, which is lower than both the left and right shoulders. After the head, the price rallies again to form the right shoulder, which is usually slightly higher than the left shoulder. 👤 @QuantVue 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
4
Will Apple Continue To Rise? 🍎Stock: Apple (AAPL) Time Frame: Weekly Chart Direction: long Comment: At the end of last week, Apple reached new all-time highs. In this analysis, I will focus on the weekly chart to show you where I believe Apple is heading. It is evident that Apple successfully broke out of a clearly visible triangle pattern and subsequently experienced a bullish rally of approximately 30 %. This surpassed all previous resistances. Previous supports have now become relatively strong supports, especially around the $170 price level. 📈 I now expect a short-term correction followed by a continuation of the uptrend. Considering the Fibonacci levels, we can see that the 0.382 level precisely corresponds to the previous significant resistance, which has now become a support. I anticipate a correction to this level ($175-180) and then further upward growth. Furthermore, the weekly timeframe indicates that Apple is not slowing down. The chart shows a near absence of red candles, meaning that buyers have complete control over the overall bull market. 💹 ------------------------------------------------------------------------------------------------------------------------------------------------ Market capitalization since 2018 In 2018, Apple became the first American company to exceed a market capitalization of 1 trillion dollars. This milestone was achieved due to the success of the iPhone and other company products. Apple also leverages its ecosystem and services, such as the App Store and iCloud, which contribute to its market value. 💰 In 2023, Apple surpassed another significant milestone and became the first company with a market capitalization exceeding 3 trillion dollars. This success reflects the ongoing popularity of Apple's stocks and the trust investors have in its portfolio of products and services. Apple continues to pursue its innovative approach and expands its portfolio with new technologies and markets, helping it maintain its position as one of the world's leading technology companies. 🚀 ------------------------------------------------------------------------------------------------------------------------------------------------ Remember, this contribution serves as an informative analysis and should not be construed as financial advice. Stay informed, stay connected, and happy investing! 🌟📈 ------------------------------------------------------------------------------------------------------------------------------------------------ 💼💰❤️ Trade like a pro, laugh all the way to the bank! Like and subscribe for more money-making !" 💼💰❤️
NASDAQ:AAPLLong
by michaelmolek
Natural gas-head and shoulders patternClear bearish head and shoulders pattern for natural gas. The head and shoulders is a reversal pattern that can indicate a potential trend reversal from bullish to bearish. The pattern consists of three peaks, with the central peak being higher than the other two, resembling the shape of a head and two shoulders. In the context of natural gas trading, the head and shoulders pattern typically forms during a prolonged uptrend, indicating a potential exhaustion of buying pressure and a shift towards selling pressure. The first peak represents the left shoulder and is formed as the price reaches a local high. This is followed by a retracement or pullback, where the price temporarily declines.
PEPPERSTONE:NATGASShort
by miladnazarzadeh
🔥 INJ Long-Term Bull-Flag Break Out AnticipatedINJ has been trading in a bearish channel for nearly 3 months now. With Bitcoin's resurgence, there's a decent probability for INJ to break through the top resistance and to continue it's bullish trend. The yellow marked area is a short-term bull-flag, within a long-term bull-flag. The trade is based on the premise that both will break bullish. SL under 7.00, profit target at the recent 2023 top for a decent risk-reward of almost 5.43, make sure to wait for confirmation.
Long
by FieryTrading
9
🔥 Ethereum's Next Cycle Top Date & Value CalculatedIn this analysis I want to make a prediction on where Ethereum will top, and around which date we can expect it to top. Keep in mind that I only use the last two cycles in this analysis, so take this analysis with a grain of salt. As seen on the chart, we can clearly see two things: 1: ETH tops 78 weeks after the Bitcoin halving. 2: ETH tops around the top purple resistance. We will assume that ETH will top at this resistance again next cycle. If we combine the two points above, we can easily determine around which area and on which date ETH will top, assuming that this analysis is correct of course. Price: I'd say that ETH will likely top somewhere between 13k and 17k, see the yellow area. Of the two, the price range is the most speculative. Date: ETH will top in the week of 13th of October 2025. This is calculated by added 78 weeks to the Bitcoin halving. We're extrapolating limited data, so don't take this analysis as a proven fact, but more as a speculative forecast. Nevertheless, I think there's definitely some merit in this analysis. Do you think this analysis is true? What is your ETH top prediction? Share below 🙏
KRAKEN:ETHUSDLong
by FieryTrading
12
USDCAD - Wait For The Trigger ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Daily: Left Chart USDCAD is retesting a resistance zone in blue so we will be looking for sell setups on lower timeframes. on H1: Right Chart USDCAD is forming a head and shoulders pattern but it is not ready to go yet. 🏹 For the bears to take over, we need a momentum candle close below the gray neckline. Meanwhile, until the buy is activated, USDCAD can still trade higher inside the resistance or even break it upward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
5
THE KING OF THE HEAD AND SHOULDERS | How to find this pattern ⚡Zer0_Trader The essence of the strategy is to search for the direct and inverted "Head & Shoulders" pattern Shoulders" pattern with the simultaneous confirmation of its potential workout on Zer0 Trader Indicator" indicator, which makes it possible to trade regularly, minimizing the closing of trades by stops. ❌TRADING WITHOUT AN INDICATOR We see the "Head & Shoulders" formation, enter the trade 🔜 the trade is closed by a Stop Loss⛔ ✅Trading with the "Zer0 Trader Indicator" indicator We see the formation "GIP", we see the confirmation of the result on the indicator, we go into trade 🔜 trade is closed at Take Profit As you can see from the examples above, it is absolutely not enough to find only a formation because: - Perfect formations are quite rare in the market, and full-fledged it is necessary to trade regularly to make a full-fledged profit; - Every trader tends to see or "complete" a formation where it is not any trader has a tendency to see or "draw" a formation where it doesn't exist and this leads to an increase in loss-making trades; - without additional confirmation of a potential working out of a formation your deals form, your trades will be closed by stops more often and take unnecessary losses which you could have avoided using the indicator. 📈 INDICATOR "Zer0 Trader Indicator" In order to enter non-obvious but potentially profitable situations and I created the "Zer0 Trader Indicator" indicator to minimize errors. Thanks to which increased the percentage of profitable trades by 90%, and the percentage of trades closed of trades closed by stop was reduced to 10%. The signal to enter the trade, along with the formation of Head & Shoulders/reverse Head & Shoulders, are the reduction of strength on the indicator, namely, descending peaks (divergence/convergence), as in the examples below. 🔎EXAMPLES OF WORKOUTS In the framework of the trading strategy with the use of the indicator all situations can be can be divided into 2 types: - Head & Shoulders/ reverse Head & Shoulders with a flat base - Head & Shoulders/ reverse Head & Shoulders with diagonal base 🟢Head & Shoulders/ reverse Head & Shoulders with flat base *ideal, but rather rare situation 🟢Head & Shoulders/ reverse Head & Shoulders with a diagonal base *The situation you will deal with most often ✍️ STEP BY STEP INSTRUCTIONS FOR WORK Setting up a chart in TradingView - Line" chart view - logarithmic scale Searching for the Head & Shoulders/ reverse Head & Shoulders pattern - it is important that similar patterns draw several coins simultaneously - on a downtrend, the chart and the indicator should be reversed (the scale should be inverted) - you can look for a pattern by the indicator (divergence) - the more ideal-looking is the pattern, the higher is the probability of its execution - it is important that the pattern is drawn correctly not only on the line, but also on a candlestick chart chart Comparison of the chart and the indicator The indicator must show a decrease in strength (three divergence). Searching for the entry point TVX - entry point when the neckline is broken and the of the candle behind it. It's important to have an identical pattern on other coins as well. Risk evaluation Potential of the trade is measured from the top of the head to the level of the neck line. We draw a line from the peak of the head to the the neck line and re-position it to the potential breakout point. We take the "Short/Long Position" tool and put it in the TVX. Then we stretch out the targets by the level of potential, and stop 3-4% above the head (on the candlestick chart). Setting targets Objective 1 (45%) - from the entry point to the middle of the breakout Target 2 (45%) - till the end of analysis Target 3 (10%) - to the moon, based on the previous extremums *At achievement of the first target we move the stop to the Buy ☢️ THE MOST COMMON MISTAKE Entering a trade in the absence of a pronounced divergence on the indicator Such an error leads, at a minimum, to unjustified and useless losses, and, at a maximum, to at most, liquidation, if there were no stops at all! 🔴THE MOST IMPORTANT SECTION WHERE TO START TRADING? You have read this tutorial, you understand everything and you are ready to fix the profit. BUT! The first thing you need to start with is training on history and developing observation of not just the chart, but the chart through the prism of this strategy. For I strongly recommend each of you to do your homework. Despite the fact that I've been trading for several years now, I myself regularly myself on a regular basis. HOW TO DO MY HOMEWORK? 1. You pick any coin and any year that has already completely passed. 2. Rewind the chart to January 1 and press "Market Simulator", which will hide the chart movement from you after that date. 3. Choose a simulation speed of x10 and press the "Forward" button until you see the potential formation of the right shoulder, until you see the potential formation of the right shoulder and head. 4. Next, you draw a potential neck line, a working pattern, and wait for for confirmation of the formation. Additionally, see if a similar situation is drawn on other charts. situation on other charts. 5. The deal worked out. 6. Make 2 screenshots (line + candlestick) and enter the results in the table "Home" in your worksheet. 7. You save the screenshots in the folder with the name of the coin and drop them into the chat room, where I will give comments.
Education
by zer0_trader
2
FrogAlgo: Head and Shoulder PatternThe head and shoulders pattern is a well-known chart pattern utilized in technical analysis to anticipate potential reversals in price trends. It derives its name from its visual resemblance to a head and two shoulders. Typically forming after an uptrend, this pattern is considered bearish and indicates a potential reversal in the market. Here are the main characteristics of a head and shoulders pattern: - Formation: The pattern consists of three peaks or highs, with the middle peak (the head) being the highest and the two outer peaks (the shoulders) slightly lower in height. The lows between the peaks form the neckline valleys. - Neckline: The neckline acts as a support level, connecting the lows between the peaks. It serves as a crucial level for confirming the pattern. The neckline can slope upward, downward, or be horizontal. - Volume: Volume plays a significant role in confirming the pattern. Typically, volume is higher during the formation of the left shoulder and the head, and lower during the formation of the right shoulder. A notable increase in volume can occur when the price breaks below the neckline, confirming the pattern. - Breakout: The pattern is considered complete when the price breaks below the neckline. This breakout serves as confirmation for the bearish reversal, signaling a potential shift from an uptrend to a downtrend. - Price Target: To estimate the potential downside target, measure the vertical distance from the neckline to the top of the head, and subtract that distance from the breakout point. This projected target represents a potential price level that the asset could reach after the pattern is confirmed. - It is important to note that the accuracy of the head and shoulders pattern, like any other chart pattern, is subjective and can vary depending on several factors. Factors such as the timeframe, market conditions, and the quality of the pattern itself can influence its accuracy. - Traders and analysts often use additional confirmation signals and indicators, such as volume analysis, momentum oscillators, and trendlines, to increase the reliability of their predictions when identifying head and shoulders patterns. While the head and shoulders pattern is widely recognized and utilized by technical analysts, it is important to incorporate it into a comprehensive trading strategy that considers other factors such as fundamental analysis, market sentiment, and risk management.
AMEX:SPY
by A1TradingHub