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DXY analysis based on ICT concepts and candle scienceHello, greatest community Since this is my first post, I sincerely hope you find it useful. I am going to start with a top-down analysis. First, based on the monthly chart. Currently, we are in the monthly SIBI, a reversal area. What are we supposed to look for next? A drop in momentum to the annual bisi target during the following months Weekly Chart It's Friday, the last day of the week. What can I see in this area right now? 1. It looks like we are about to create a weekly fair value gap, which we will trade from the following week in order to reach the next weekly SIBI shown on the chart. 2. On the other hand, we might make a BAG and search for the entry on the daily chart. NB: I will post more information this weekend if I find someone who is interested.
TVC:DXYLong
by bojmarley88_bm
1
HelenP. I Euro will break support level and continue to decline Hi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price some days ago declined to the trend line and then at once rebounded up. Then the price reached the support level, which coincided with the support zone, and even made a fake breakout, after which declined below. Next, the price broke this level, made a retest, and then continued to move up to the resistance level, which coincided with the resistance zone. Euro entered to resistance zone, but soon turned around and dropped to the trend line, making a fake breakout of the 1.1150 level. Some time later price rebounded from the trend line and quickly backed up to the resistance zone, breaking the 1.1150 level one more time. Euro some time traded near this level and a few moments ago dropped to almost the support level, thereby breaking the resistance level with trend line. For this case, I expect that the Euro will fall to the support level, then make a small move up, after which break this level and continue to move down. Or, it can break the support level at once and continue to decline, without movement up. That's why I set my goal at 1.0800 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
HelenP. I Gold will break support level and fall to trend lineHi folks today I'm prepared for you Gold analytics. Some time ago price declined to the trend line (2500 points) and then at once rebounded and rose to support 2, which is located inside the support zone. After this movement, the price tried to rise more, but later it turned around and made a correction to the trend line (2547 points) again, which coincided with support 2. After this, Gold turned around, bounced, and started to grow to support 1, which coincided with one more support zone. When it reached this level, XAU broke it and made a retest, after which continued to move up. Some time later, when the price reached 2685 points, it turned around and in a short time declined to the support zone. But recently it started to move up, so, for this case, I expect that XAUUSD will make a small movement up and then start to decline to the trend line, breaking the support level. That's why I set my goal at 2620 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
3
HelenP. I Gold can fall below trend line and then rebound upHi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price some time ago dropped below support 2, which coincided with the support zone, breaking it. Then price some time traded near this level and later even rebounded higher, but soon dropped back to the trend line. Then Gold started to grow near this line and soon broke support 2 one more time. Lare price reached support 1, which coincided with one more support zone, and some time traded near this level until it broke the trend line and fell a little below. After this movement, Gold turned around and made a strong impulse up to the trend line, breaking support 1, and then it made little correction movement. Then the price continued to move up and a not long time ago reached the trend line again and broke it. Just now, the price trades near this line and I expect that XAUUSD will decline below the trend line, making a correction movement, and then it rebound up. That's why I set my goal at 2710 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
3
HelenP. I Bitcoin can make small move up and then rebound downHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price a not long time ago dropped to the trend line and at once turned around and rebounded up higher than support 2, breaking it. Next, the price started to trades inside consolidation, where it some time traded near the support level and then rose to the top part of the pattern. Later, BTC rebounded from this part and declined to support 2, breaking the trend line, but soon turned around and made impulse up, thereby breaking the trend line again and exiting from consolidation. After this, the price continued to increase and soon reached support 1, which broke too and started to trades another one consolidation. Bitcoin some time traded near support 1 and then rebounded up to the top part of a consolidation, but a not long time ago it started to decline. So, in my mind, BTCUSDT will rise to the top part again and then rebound down to the support zone, thereby breaking the trend line with the support level. That's why I set my goal at 62100 points, which is located in the support zone. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
3
A Practical Guide For Candlestick Patterns!Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Intraday traders aim to either purchase a cryptocurrency at a low price and sell it at a higher price or short-sell a cryptocurrency at a high price and buy it at a lower price within the same day. This requires a good understanding of the market and relevant information to help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply, among other factors. Tools such as candlestick chart patterns are very helpful to traders. We will discuss these candlestick charts and offer steps to help you read them.
Education
by CRYPTOMOJO_TA
10
Bitcoin Weekly Green CandlesOver the last 2373 Days, bitcoin has experienced volatility between $1830 and $69,000. During this period, bitcoin closed with a green candle 4 times for 7 consecutive weeks. This week, it will repeats the record by closing green candle for the 5th time in 7 consecutive weeks. In the cycle I mentioned, the green candle could not close for 8 weeks. After the 7th week, it entered the accumulation process between 2 and 12 weeks. During this period, there were decreases of up to 25%. Afterwards, bitcoin came back stronger. I wonder so much. Will we see the 8th green candle next week? When I saw this I wanted to share it.
BITSTAMP:BTCUSD
by falconlinefutures
1
📊10 Candlestick Patterns You need To Know🔷 Bullish engulfing: A candlestick pattern where a smaller bearish candle is followed by a larger bullish candle, indicating a potential reversal of a downtrend. 🔷 Bearish engulfing: The opposite of a bullish engulfing pattern, where a smaller bullish candle is followed by a larger bearish candle, suggesting a potential reversal of an uptrend. 🔷Tweezer tops: Two consecutive candlesticks with equal or near-equal high prices, indicating possible resistance and a potential reversal from an uptrend. 🔷Tweezer bottoms: Similar to tweezer tops, but indicates support and a potential reversal from a downtrend. 🔷Bullish harami: A bullish harami is a candlestick chart indicator used for spotting reversals in a bear trend. It is generally indicated by a small increase in price (signified by a white candle) that can be contained within the given equity's downward price movement (signified by black candles) from the past couple of days. 🔷Morning star: A three-candle pattern consisting of a bearish candle, a small indecisive candle, and a bullish candle, indicating a potential reversal from a downtrend. 🔷Evening star: The opposite of a morning star pattern, consisting of a bullish candle, a small indecisive candle, and a bearish candle, suggesting a potential reversal from an uptrend. 🔷Three white soldiers: Three consecutive long bullish candles, typically seen as a strong bullish reversal pattern. 🔷Three black crows: Three consecutive long bearish candles, often considered a bearish reversal pattern. 🔷Three inside up : A bullish reversal pattern composed of a large down candle, a smaller up candle contained within the prior candle, and then another up candle that closes above the close of the second candle. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
4
🔋Candlestick Power📍Candlestick patterns are powerful tools used in technical analysis to analyze and predict price movements in financial markets, particularly in trading. They provide valuable insights into market sentiment and help traders make informed decisions. The open, close, and various components of a candlestick, such as the body and shadows, are crucial in determining whether it is bullish or bearish. 🔷A candlestick consists of a body and two shadows, also known as wicks or tails. The body represents the price range between the open and close of a trading period, while the shadows represent the high and low points reached during that period. 🔷A bullish candlestick occurs when the closing price is higher than the opening price, indicating buying pressure and market optimism. The body is typically filled or colored, indicating a bullish trend. The longer the body, the stronger the bullish sentiment. Shadows may exist above or below the body, and they represent the price range outside of the open and close. Long shadows indicate higher volatility during the trading period. 🔷A bearish candlestick forms when the closing price is lower than the opening price, reflecting selling pressure and market pessimism. The body is often empty or colored differently to indicate a bearish trend. Again, the length of the body provides information about the strength of the bearish sentiment. Shadows can be found above or below the body, representing the price range outside the open and close. Similar to bullish candles, long shadows suggest increased volatility. Traders use different candlestick patterns and combinations to identify potential trend reversals, continuation patterns, or price consolidations. For example, a doji candlestick, where the open and close are very close or equal, signals indecision in the market and may precede a reversal. Engulfing patterns occur when one candle fully engulfs the body of the preceding candle, indicating a potential trend reversal. However, it is important to note that candlestick patterns should be used in conjunction with other technical indicators and fundamental analysis to confirm the validity of a potential trade signal. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
3
Learn the Strongest Reversal Candlestick Patterns Hey traders, In this educational article, we will discuss powerful reversal candlestick patterns that every trader must know. Bullish Engulfing Candle Bullish engulfing candle is one of my favorite ones. It usually indicates the initiation of a bullish movement after a strong bearish wave. The main element of this pattern is a relatively big body. Being bigger than the entire range of the previous (bearish) candle, it should completely "engulf" that. Such a formation indicates the strength of the buyers and their willingness to push the price higher. Bearish Engulfing Candle The main element of this pattern is a relatively big body that is bigger than the entire range of the previous (bullish) candle. Such a formation indicates the strength of the sellers and their willingness to push the price lower. ________________________ Bullish Inside Bar Inside bar formation is a classic indecision pattern. It usually forms after a strong bullish/bearish impulse and signifies a consolidation. The pattern consists of 2 main elements: mother's bar - a relatively strong bullish or bearish candle, inside bars - the following candles that a trading within the range of the mother's bar. The breakout of the range of the mother's bar may quite accurately confirm the reversal. A bullish breakout of its range and a candle close above that usually initiates a strong bullish movement. Bearish Inside Bar A bearish breakout of the range of the mother's bar and a candle close below that usually initiates a strong bearish movement. ________________________ Doji Candle (Morning Star) By a Doji we mean a candle that has the same opening and closing price. Being formed after a strong bearish move, such a Doji will be called a Morning Star. It signifies the oversold condition of the market and the local weakness of sellers. Such a formation may quite accurately indicate a coming bullish movement. Doji Candle (Evening Star) Being formed after a strong bullish move, such a Doji will be called an Evening Star. It signifies the overbought condition of the market and the local weakness of buyers. Such a formation may quite accurately indicate a coming bearish movement. I apply these formations for making predictions on financial markets every day. They perfectly work on Forex, Futures, Crypto markets and show their efficiency on various time frames. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDEducation
by VasilyTrader
13
💥 Bullish VS Bearish Candlesticks📍Bullish and bearish candlestick patterns are technical analysis tools used by traders to identify potential market trends and reversals. Bullish patterns indicate a potential rise in the price of an asset, while bearish patterns indicate a potential decline in price. 🔷 Bullish candlestick patterns include the dragonfly doji, hammer, tweezer bottom, morning star engulfing and three white soldiers. These patterns suggest that buying pressure is increasing and that there may be a potential for a trend reversal. 🔷 Bearish candlestick patterns include the gravestone doji, inverted hammer, tweezer top three black crows and more. These patterns suggest that selling pressure is increasing and that there may be a potential for a trend reversal. 🔷When using candlestick patterns for trading, it's important to look for confluence with other signals, such as trend lines, support and resistance levels, and other technical indicators. Combining multiple signals can provide a stronger indication of potential market movements and help traders make more informed trading decisions. 🔷It's also important to note that candlestick patterns should not be relied on as the sole indicator for trading decisions, as they are not always accurate and can produce false signals. Traders should always use a combination of technical analysis tools and fundamental analysis when making trading decisions. This is why its important to create and monitor your own strategy and backtest what works and what doesn't. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
6