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Bullish Patterns

BTC STILL GOING DOWN ? BTC is still ranging in a not so tight range, seems like some form of consolidation on these levels, trying to drop its RSI without losing too much in price. I am of the opinion that BTC needs a clear strong break above the red arrown line ( above $7700 ish) and not close below this level to turn bullish. If BTC remains under $7400, my opinion is there's still risk to go as low as $6400 ish. NOTE: This is not financial advise. This is my opinion of current BTC situation put down for for observation.
BITFINEX:BTCUSDEducation
by PlatinumEntrepreneur
2
HOW TO FIND CHEAP ENTRY SIGNAL FOR RISKRETURN LIKE 1:10 AND MOREHI BIG PLAYERS, in this tutorial I want educate you my experience, how to find really cheap entry for trading. In this example it was possible to take part on a 1:10 trade. It means for 1 USD investment you could take 10 USD return (Risk-Return-Ratio => RRR). ///////////////////////////////////////////////////// E X A M P L E F O R A B U L L I S H T R E N D ///////////////////////////////////////////////////// At the beginning we are looking for an oscillator, that shows us an oversold area and in the same time a bullish trend with higher and faster EMA than a slower EMA on the chart. This is possible with a slow EMA(close, 200) and a fast EMA(close, 50) and a RSI(close, 14).... => this is for example my way to find it on the Forex Screener from TradingView at fast as possible. I developed a similar structure with more quality signals with my candle oscillator indicator. Named: CO 'I. This indicator allows to see the candle between a range und works at well like the RSI oscillator with 30% and 70% oversold and overbought area. The most positive on this indicator, you don't only see the closing relating price - you see almost more: open, high and low. Furthermore, I found out that if the body of a candle goes into the range between 30-70% and this is the same trenddirection in the chart, then it was to 90% the lowest/highest bar or 3+ bars nearby them. So back to my education: My main view starts on 4H Chart. In this example I found on EUR/JPY a bullish trendfilter with the EMA's and a oversold area on my OC 'I (the wick of the candle was touching the 30% line) - it's only necessary that a touching of the candle is true. NEXT STEP: After this bullish signal it is necessary to zoom in the lower timeframe. Here I choosed the 1H Chart and had to wait till the body of the OC 'I also touched the 30% line and of course wait till the candle is finished. It don't depend how much the body touch the 30% line - but it's necessary that the body is touching. In addition, a bullish divergence was built (looking to blue lines). After the first touching I go into a lower timeframe again. The 15H-Chart was choosed for this example. Hereby the same game: waiting till the body is touching the 30% line. NOTE: furthermore, if I going into the lower timeframe and the body is already touching - then you don't need to wait for the relase into the range and back to touching again the 30% line. The 15MIN Chart is the last timeframe. Now we wait till the body goes up and don't touch any line. This is my signal to buy. My exit depends always how the market flow are: in this case it was a big uptrend and a adapting correction wave (this is mostly the time for divergence and this why I set a takeprofit on this high). With this approuch it was possible to catch a 1:10 trade. Kind regards NXT2017
Education
by NXT2017
EW Analysis: Cable Can Be Forming A TriangleHello traders! We have noticed an interesting pattern on Cable (GBPUSD). It's a corrective triangle consolidation, which is also a continuation pattern that usually occurs either in wave (B) as part of a correction or in wave (4) as part of an impulse and as you can see, in our case it can be as part of wave (4) that can send the price into new highs for wave (5) at least towards first target 1.3200 area or maybe even higher towards 1.3600 second target in case of an extended waves, but we always consider minimum expectations and if goes higher then even better. From a technical perspective you can see that it's nicely trading within an Elliott Wave channel and right now is sitting at the channel support line, so we would not be surprised if we see GBP rally soon, especially because a triangle could be already finished since we noticed the final wave E of (4). However, triangle might still be even more complex and sideways, so to confirm our view the price needs to break above 1.2985 region, while above 1.2820 invalidation level. If you like what we do, then please like and share! Trade well! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Education
by ew-forecast
1
[b]USDCHF – USD pair is showing positivity over market[/b]USDCHF – USD pair is showing positivity over market - Trend: Buy/ Neutral Support/Resistance: R3: 1.00704 R3: 1.00280 R2: 1.00094 R1: 0.99750 S1: 0.99491 S2: 0.99040 Price action: In this case, when buyers will break first resistance, it is important to follow steps as correction and momentum flow before buy is confirmed. We are positive for buy in this case, but after our strategy will prove timing and risk management. Potencial trade idea: Bulls targets: T1 = 1.00094 T2 = 1.00280 T3 = 1.00704 Bears targets: T1 = 0.99040 NOTE – We are trading USDCHF via the preferred trading setups Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased. Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. ELITEFXACADEMY
Education
by EliteFxAcademy
EW ANALYSIS: Potential Bullish Setup On GBPAUDHello traders! Today we will talk about GBPAUD and its potential bullish setup from technical EW perspective. As you can see GBPAUD is trading bullish and looking at the 4-hour chart, we can see a slow three-wave a-b-c corrective decline from the highs, ideally in wave 4 according to the 38,2% Fibonacci retracement and previous three-wave correction in wave 2. So, if we are on the right path, then we should see a continuation higher back to 1.9100 highs for wave 5. What is very interesting is that we have seen strong and impulsive bounce after a completed ending diagonal (wedge pattern) right at the end of the month, which can be an indication of a completed correction in wave 4. Another interesting thing is that after today's intraday three-wave a-b-c corrective decline into an important 61,8% Fibonacci retracement, we have also noticed a potential inverted Head And Shoulders pattern. So, from trading perspective we want to see a broken neckline and 1.8800 region next week, which would confirm our wave count. And if we are right, then we will probably see a bullish continuation within a new five-wave bullish cycle back to 1.9100 highs for wave 5. If from any reason goes back below 1.8650 region, then our count would be invalidated. Be humble and trade smart! If you like what we do, then please like and share! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Education
by ew-forecast
MSFT - rectangle formation - watch outHi Friends, Look at this chart for NASDAQ:MSFT . Interesting to see how breaks on supports on RSI and identifying divergences may allow to identify possible good exits and maybe a avoid big falls. When you see divergences, go down to lower time frames to identify exits/ entry levels Chart is self explanatory. At this moment, price has moved into a rectangle formation. Look for breakouts and be careful on both the RSI as well as price points. Happy to answer any specifics If you like what you see, please share a thumbs up. Happy to hear your comments too, they can be helpful to continue learning and keep posting these free ideas and analysis. Cheers
NASDAQ:MSFTEducation
by LoveForCharts
EW Analysis: Bullish Emerging Markets May Push EURUSD HigherHello traders! Today we will talk about emerging markets(EEM) and EURUSD. As you can see in the first chart, there's a positive correlation between emerging markets and EURUSD. Of course, there are no tick by tick correlations, but the current wave structure it's telling us that we may see a bigger recovery in the upcoming days/weeks. Emerging markets can be trading in a three-wave (A)-(B)-(C) recovery up to 61,8% Fibonacci retracement and 46 area, especially after that break out of the corrective channel, so in our opinion EEM may easily stay in the bullish trend. At the same time we can see strong and impulsive recovery on EURUSD, which is telling us that the temporary bottom can be in place and a bigger three-wave (A)-(B)-(C) correction can be underway up to 1.15 - 1.18 area, mainly because of break out of the wedge pattern (ending diagonal). Notice that these are daily charts and they may take some time to completely unfold, so don't get confused on the smaller time frame charts. We just want to give you an idea, where the markets can be headed long/mid-term. Be humble and trade smart! If you like our analysis, then please give us a like and share it! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Education
by ew-forecast
5