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Chart Patterns

Hammer of Trend ChangeThe Hammer and Inverted Hammer candlestick patterns, two powerful tools adept traders employ for reversals. If you appreciate our charts, give us a quick 💜💜 Here’s what you need to know: 1. Understanding the Essence: Hammer: This pattern typically emerges at the culmination of a downtrend, indicating a potential bullish surge. Its small body and extended lower wick signify the bears' struggle to maintain lower prices. Inverted Hammer: Contrarily, this pattern usually appears at the end of an uptrend, foreshadowing a possible bearish move down. Its small body and prolonged upper shadow denote the weakening grip of the bulls. 2. Decoding the Signals: While Hammers don’t provide direct trading signals, they suggest a shift in momentum. Traders often see them as a sign of potential upward movement after a downtrend. Inverted Hammers, appearing after an uptrend, hint at a potential reversal. The failed attempt by the bulls to sustain higher prices signifies a looming bearish sentiment. 3. Crafting Your Strategy: When dealing with Hammers, traders might enter immediately after its formation or wait for confirmation with a bullish candle. Setting a stop-loss just below the recent low and targeting a significant resistance level is a common strategy. For Inverted Hammers, a similar approach can be employed, focusing on prior support-turned-resistance levels. Vigilance and additional technical analysis are crucial for accurate predictions. 4. A Word of Caution: While these patterns are robust, they should never be sole trading indicators. Combining them with other technical tools enhances accuracy and confidence in your trades. 5. Practice and Precision: Prior to real trades, practice these strategies on demo accounts or paper trading. Platforms like TradingView, Vestinda and others like MetaTrader offer a conducive environment for refining your skills. Incorporating Hammer and Inverted Hammer patterns into your trading toolkit empowers you to detect potential trend shifts. Remember, in trading, nuanced insights can translate into significant profits. Happy trading!
Education
by Vestinda
5
Navigating Market Turbulence: Unveiling the Bearish Flag Pattern In the world of technical analysis, patterns often provide valuable insights into potential market movements. One such pattern, the bearish flag, is a vital tool for traders seeking to identify and capitalize on bearish trends. In this comprehensive guide, we'll explore the bearish flag pattern, uncovering its characteristics, formation, and implications. With real-world examples, you'll gain the knowledge to spot this pattern and make informed trading decisions in bearish market conditions. Demystifying the Bearish Flag Pattern What is a Bearish Flag Pattern? 🚩 The bearish flag pattern is a continuation pattern that occurs during a downtrend. It resembles a flag on a flagpole, hence its name. This pattern suggests a brief consolidation or pause in the downtrend before the price resumes its downward trajectory. Key Characteristics of a Bearish Flag 1. Prior Downtrend: The bearish flag pattern forms after a notable downtrend, indicating bearish sentiment in the market. 2. Flagpole: The flagpole is the initial sharp decline in price that precedes the flag's formation. It represents the strong selling pressure. 3. Flag Formation: Following the flagpole, there is a period of consolidation where the price moves in a horizontal or slightly upward range. This forms the flag itself and indicates a temporary pause in the downtrend. 4. Volume: Ideally, the volume should decline during the flag formation, reflecting a decrease in trading activity. 5. Breakout: The bearish flag is confirmed when the price breaks below the lower boundary of the flag, resuming the downtrend. Bearish Flag in a Stock Bearish Flag in a Forex Pair The bearish flag pattern is a valuable tool for traders seeking to navigate bearish market conditions. By understanding its characteristics and monitoring its formation, traders can identify potential opportunities to profit from the resumption of a downtrend. However, like all technical patterns, it should be used in conjunction with other forms of analysis to make well-informed trading decisions. The bearish flag pattern is a powerful addition to any trader's toolkit for analyzing and interpreting market dynamics. 📉🚩 Please, support my work with like and comment! Love you, my dear followers!👩‍💻🌸
Education
by AnabelSignals
5
My Support and Resistance Strategy on the US 30.This is a brief primer of my trading strategy. I am a classic support and resistance trader, using an Order Block Detector from Lux Algo on multiple time frames, the 15 min, 1 hour and 4 hour, superimposed on a 5 minute chart. I use a Fibonacci Regression tool to do that. Then I wait for price to enter the buy or sell zones I've marked out. I look for identifiable patterns, like a head and shoulders or inverse head and shoulders, strong buyers or seller wicks, or Ascending or Descending triangles in or around these special zones to indicate that a setup is ready to go. It's a very good system that works for me. Please let me know if you have any questions.
CAPITALCOM:US30Education
by BlackCar
1
5 Steps: How To Have WBTC#1-How To Have WBTC More And WETH Less Wrapped BTC is making the rounds for this bear market we are currently in. #2-Hidden WBTC In Your Wallet The best pair right now is Wrapped BTC because it seems to be a safe heaven for crypto market investors. #3-How To Avoid The Pain And Discomfort Of WBTC? Right now Bitcoin is in an uptrend, but notice in this chart above.For how long has this crypto pair been in an uptrend? Compare it To BTC price action BINANCE:BTCUSDT #4-Here's The Quickest And Easiest Way For You To Succeed In WBTC First time i saw this WBTC i was not trusting in it, but today after being around the crypto industry - it seems like an important part of the market. #5-WBTC - Makes Unique Discovery Right now the market is very quiet and people are also in a panic mode not knowing what to do could this crypto currency save us ? Disclaimer:This is not financial advise do your own research before you trade
Education
by lubosi
Unlocking The Trader's PyramidIn the realm of trading, success isn't solely derived from intricate technical analysis. Surprisingly, the key to triumph lies in an unconventional ratio: 20% technical analysis and a staggering 80% blend of emotions, discipline, psychology, risk management, and money management. If you appreciate our charts, give us a quick 💜💜 The 20%: Technical Expertise Yes, technical analysis is crucial, comprising the foundational 20% of your crypto trading journey. This segment encompasses chart patterns, indicators, and market trends. However, it's not the sole determinant of your success. The 80%: The Pillars of Triumph The real magic happens within the 80%. Embracing your emotions, mastering discipline, understanding market psychology, and implementing astute risk and money management techniques form the cornerstone of your success. Emotional intelligence allows you to navigate market highs and lows, discipline ensures you stick to your strategies, and psychological resilience helps you stay steady amidst volatility. Effective risk and money management safeguard your capital and nurture your profits. This symbiotic blend of technical expertise and emotional intelligence propels you towards trading mastery. By allocating your focus and energy according to this pyramid, you're not just trading; you're sculpting success . Let this balanced approach be your guiding light in the trading journey! Happy trading! 💜
Education
by Vestinda
6
10-6 Using Price/Fib Theory To Catch NFP MovesThis short video shows you how I used Fibonacci Price Theory techniques to identify trends, catch the biggest moves in price today on the SPY/SPX500. This is an instructional video - attempting to show you how to use PRICE (the ultimate indicator) to help you learn to become a better trader. How did I know price would REJECT at $425.40 this morning and sell downward? How did I know the bottom would confirm near $421.20? How did I know the price rejection near $421 (after the bottom) would result in a bullish rally phase? Fibonacci Price Theory teaches us: Price must always seek higher highs or lower lows - ALWAYS. Failure to establish higher highs means price will attempt to make lower lows. Failure to make lower lows means price will attempt to make higher highs. Watch the video. Ask questions if you have them. Price is the ultimate indicator - use it.
FX:SPX500Education
by BradMatheny
⚖️ 📊 Why Is The Fed Rate @ 5.33% ? - Here Is The Answer🛡️ Now in the last videos, i said i was not going to teach you -- Risk management but I have changed my mind -- in this video, i break down Risk management using US Economy as an example take notes -- Watch this video now before you trade -- Disclaimer: This is not financial advice do your own research before you trade -- Do not buy or sell anything i recommend to you -- 🚫📊 **Trading Disclaimer** 🚫📊 The information provided is for educational purposes -- only and should not be considered as financial advice. -- Trading involves risk, and past performance does not guarantee future results. -- Always conduct thorough research and consider consulting a qualified financial advisor -- before making any investment decisions. Remember to set appropriate stop-loss levels to manage risk. -- Rocket boost this content to learn more
FRED:FEDFUNDSEducation
by lubosi
A ‘Soft Landing’ To Avoid A Recession Data comes as the central bank seeks to guide the US economy to a ‘soft landing’ to avoid a recession The US workforce added 336,000 jobs last month, much more than expected, as the world’s largest economy remained resilient in the face of higher interest rates. The sharp acceleration in hiring saw non-farm payrolls rise during September by almost twice as much as economists had anticipated. Readings for July and August were also revised higher, with 236,000 and 227,000 jobs added, respectively. Employment growth had been fading in recent months, according to official data, but remained largely resilient while the Federal Reserve battled to get inflation under control. This bolstered hopes that the central bank will manage to guide the US economy to a so-called “soft landing”, where price growth normalizes and recession is avoided. The headline unemployment rate held firm at 3.8% last month. The leisure and hospitality sectors helped drive the jump in payroll growth, adding 96,000 jobs. Government employers also added 73,000 jobs. The news comes as policymakers at the Fed prepare to meet on Halloween for their latest rate-setting meeting. They are expected to hold rates steady. When officials convened last month, documents released by the central bank revealed that they on average expected unemployment would rise to 4.1% next year, down from a median projection of 4.5% earlier this year. The latest report “suggests the labor market is enjoying a soft landing”, Paul Ashworth, chief North American economist at Capital Economics, said. “The surprisingly strong 336,000 increase in non-farm payrolls in September adds to the evidence on real activity that the economy is holding up well despite the headwind from higher interest rates.” Wall Street came under pressure following the release, with the S&P 500 down almost 1% during pre-market trading, as investors considered whether the Fed would raise rates further in the months ahead. Jerome Powell, the central bank’s chair, has described a “soft landing” as plausible, but not his baseline expectation. He said factors outside the Fed’s control, such as the autoworker strike and the threat of a government shutdown, could knock the US economy.
TVC:GOLDEducation
by SroshMayi
10 Black Swan Events that Shook the marketsBlack Swans are highly unpredictable events that go beyond what is usually expected of a situation. One definition I like is this. A Black Swan is where an event can cause the market to move 10 standard deviations away from the norm. When this happens they could potentially have severe and wide-reaching consequences. You’ll see the market will jump erratically and even cause a halt in trading activity completely. So when you spot a Black Swan. Just take it easy from trading the markets that can be affected. Here are 10 Black Swan Events that I can think of that had an impact on the markets. 2008 Global Financial Crisis Triggered by the collapse of the US housing market, it led to a worldwide banking crisis and severe global economic downturn. COVID-19 Pandemic An unprecedented global health crisis that had significant repercussions on global economies and markets in 2020. Dotcom Bubble Burst (2000) The dramatic rise (due to greed and optimism) and fall (due to fear and panic) of internet companies in the late 1990s led to a severe market correction. Brexit (2016) Britain’s unexpected decision to leave the EU had immediate impacts on global markets. Japanese Asset Price Bubble Burst (1992) This led to a lost decade of economic stagnation in Japan. (Have you seen the Nikkei! And can you imagine holding stocks from 1992?) Swiss Franc Unpegging (2015) The Swiss National Bank’s sudden decision to remove the cap on the Franc’s value against the Euro led to extreme currency volatility. (Forex trading was a nightmare seeing some prices drop hundreds of pips). September 11 Attacks (2001) The terrorist attacks had immediate and long-term effects on global economies and markets. (I was too young to worry so I missed this one.) Fukushima Nuclear Disaster (2011) Triggered by a massive earthquake and tsunami, it had significant impacts on global energy markets. (I remember holding oil stocks while driving. And I came home to R120,000 loss). Flash Crash (2010) The US stock market crash, triggered by a high-frequency trading algorithm, sent a financial shockwave around the world. (Fat fingers caused by unknown factors). Oil Price Negative (2020) For the first time in history, the price of US oil turned negative due to low demand during the COVID-19 pandemic. Which Black Swan event affected you the most?
JSE:J200Education
by Timonrosso
How To Analyze Any Chart 📚 Gold Example 📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Today we are going to go over a practical example on #GOLD , but you can apply the same logic / strategy on any instrument. Feel free to ask questions or request any instrument for the next episode. 📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management. Good luck! Remember, all strategies are good if managed properly! ~Rich
OANDA:XAUUSDEducation
by TheSignalyst
37
Basics of Elliott Wave TheoryWelcome to the world of Elliott Waves. If you appreciate our charts, give us a quick 💜💜 Elliott Wave Theory revolves around three key elements: Impulse waves (in the direction of the trend) Corrective waves (against the trend) Wave degrees Impulse waves consist of five sub-waves, while corrective waves comprise three. These waves form cycles, representing market psychology in action. Key Rules of Elliott Waves Wave 2 cannot retrace beyond the starting point of wave 1. Wave 3 must be longer than both wave 1 and wave 5. Wave 4 cannot exceed the end point of wave 1. Elliott Waves and Fibonacci Retracement Incorporating Fibonacci retracement levels refines Elliott Wave analysis. The fourth wave often hovers between 23.6%, 38.2% and 50%, while correction waves C often unfold within the 50% to 61.8% range. Elliott Waves as Guides, Not Guarantees It’s crucial to view tools like Elliott Wave Theory as guiding lights, not crystal balls. While they don’t assure foolproof predictions, they offer a framework to decipher market cycles. As patterns repeat, understanding market psychology becomes the trader’s edge.
Education
by Vestinda
2
"HODL" Mentality: Lessons for TradersThe HOMie Mentality: Buying at ATH Many novice traders, or HOMies, fall into the trap of buying a cryptocurrency when it's near its all-time high (ATH). They're influenced by FOMO (Fear of Missing Out) and jump into the market without a clear strategy. Market Dynamics: Understanding the Cycle Cryptocurrency markets follow a cyclical pattern of ups and downs. Novice traders often enter during the euphoric "FOMO" phase when prices are at their peak. The Emotional Rollercoaster: Avoiding HOMie Mistakes To avoid the HOMie trap, it's crucial to detach emotions from trading decisions. Create a clear strategy with entry and exit points, and stick to it. Risk Management: Protecting Your Investments Novice traders should prioritize risk management. Only invest what you can afford to lose, and avoid putting all your funds into a single asset. Education: The Key to Success Novice traders can transition from being HOMies to informed investors by educating themselves. Learn about technical analysis, market cycles, and different trading strategies. Conclusion: From HOMie to Trader The HODL mentality can be a valuable strategy when used wisely, but it shouldn't lead novice traders to make impulsive decisions. By understanding market dynamics, managing risk, and educating themselves, HOMies can transform into informed traders who navigate the crypto market with confidence. Remember, successful trading takes time and patience, and every trader, even the most experienced, started as a novice. 🌐📈💡 ❗See related ideas below❗ Don't forget to like, share, and leave your thoughts in the comments. 💚🚀💚
Education
by Yaroslav_Krasko
1
Explaining 15 Different Types of Financial Market ParticipantsIn this post, I'm about to unveil the 15 distinct financial market players who hold the keys to the kingdom. Picture this: you're stepping onto the trading battleground armed with nothing but a stick if you don't acquaint yourself with these formidable forces. As an investor or trader, knowledge is your best armor, and understanding the roles of these market entities can be your secret weapon as you embark on your investment journey, especially if you're just starting out. 1. Investment Banks: These financial powerhouses are the architects of the market. They don't just buy and sell stocks and bonds; they orchestrate mergers and acquisitions, wield market research as their compass, and provide asset management services. Investment banks are the bridges connecting those seeking to invest their capital and those in need of investments. Within this realm, two distinct titans emerge: Bulge Brackets: These giants, like Goldman Sachs, JP Morgan, Morgan Stanley, and Deutsche Bank, are the juggernauts of the investment banking world, handling a vast array of financial endeavors. Boutiques: Think of them as the specialized artisans of finance. Boutiques such as Lazard, Evercore, and Guggenheim excel in finely crafted financial solutions, catering to unique and intricate needs.
Education
by CRYPTOMOJO_TA
5
HOW-TO: Navigate the Market with the Darvas Box Strategy 🚀 Introduction to the Darvas Box Strategy Nicolas Darvas, a dancer by trade, crafted a unique and potent trading strategy during his global tours, famously turning $36,000 into $2 million within an 18-month timeframe during the 1950s. His approach, detailed in his book "How I Made $2,000,000 in the Stock Market," revolves around the concept of the "Darvas Box" - a method that encapsulates price movements and leverages breakout patterns, all while keeping a keen eye on volume. Darvas sought stocks carving all-time highs and observed their trading ranges, creating a "box" from the consolidation periods. He would buy on the breakout above the box and implement a stop-loss below it, ensuring a meticulous risk management approach. 🛠️ Harnessing the Darvas Box Strategy with Our Script Our Darvas Box strategy script is designed to encapsulate the essence of Darvas’s strategy, providing traders with a tool to not only identify and visualize Darvas Boxes but also to backtest the strategy across various assets and timeframes on the TradingView platform. 🗝️ Key Features: Backtesting Capability : Evaluate the Darvas Box strategy’s historical performance on your chosen asset. Versatile Entry Filters : Customize your entry criteria, ensuring alignment with your risk tolerance and trading style. Volume Analysis : Integrate volume filters to validate breakout movements, adhering to Darvas’s emphasis on robust volume to confirm breakouts. Visual Aids : The script visually plots Darvas Boxes and potential entry/exit points, aiding in swift analysis and decision-making. 📊 Utilizing the Script for Informed Trading Decisions The script is not a 'get-rich-quick' tool but a sophisticated aid to navigate through the markets using a time-tested strategy. It allows you to: Identify and visualize Darvas Boxes on any chart. Backtest the strategy to understand its historical performance. Customize settings to align with your trading preferences. Receive alerts for potential entry and exit points based on your criteria. 📘 Dive Deep with Upcoming Publications In the subsequent publications, we'll delve deeper into the various configuration sections of the script, exploring settings, filters, and optimizations to ensure you can tailor the strategy to your unique trading approach. 🔍 Explore, Analyze, and Trade Wisely While the Darvas Box strategy has its merits, always remember that no strategy is foolproof. Ensure to utilize it as a component of a well-rounded trading plan, incorporating sound risk management and continual learning. 📈 Try the Darvas Box Strategy on Your Chart! Eager to explore the Darvas Box strategy on your own charts? Navigate through the markets with a strategy that has stood the test of time. Click on the following link to learn more about how to apply the script to your chart and begin your journey with the Darvas Box strategy! 👉 Try the Strategy Now! Stay tuned for the upcoming ideas where we dissect the script’s functionalities and showcase its application across various assets and market conditions! Disclaimer : Trading involves risk and is not suitable for every investor. The information provided is for educational purposes and should not be considered financial advice. Always conduct your own research and consider your financial situation carefully before engaging in trading.
NASDAQ:TSLAEducation
by WhiteboxSoftware
Trading the Complex PullbackWelcome to our Power Patterns series in which we teach you how to trade some of the most powerful price patterns which occur on any timeframe in every market. The pullback is undeniably one of the most valuable trading patterns as it offers an opportunity to join established trends at favourable levels of risk / reward. However, in real-world trading scenarios, simplicity often gives way to complexity. It's important to explore how pullbacks can deviate from the ideal, straightforward model the Complex Pullback provides traders with a framework for trading pullbacks in real world scenarios. We’ll teach you: How to identify a complex pullback The indicator that makes complex pullbacks easier to navigate A technique to achieve consistency in entry, stop placement and trade management I. Key Characteristics of the Complex Pullback: A complex pullback pattern arises in the context of a trending market. It unfolds as follows: Initial trend move: The market experiences a strong trend move, characterised by a sustained price movement in one direction. Pause or consolidation: Following the initial trend move, the market takes a breather and enters a consolidation phase. During this phase, prices may move counter to the prevailing trend for a brief period. Failed resumption: After the consolidation phase, the market attempts to resume the initial trend. However, this first attempt fails to gain momentum, resulting in a pullback. Multiple countertrend legs: What distinguishes the complex pullback is the presence of multiple countertrend legs within the pullback structure. These countertrend legs can create a more intricate and challenging pattern to navigate. Bullish Complex Pullback: Bearish Complex Pullback: II. Keltner Channels: The Indicator That Makes Complex Pullbacks Easier to Navigate The correct use of Keltner Channels can make life much easier when it comes to trading complex pullbacks. Keltner Channels take a multiple of the Average True Range (ATR) and wrap it around a moving average. We tend to use a 2.5 ATR wrapped around a 20-day exponential moving average (20EMA). The upper channel is 2.5 ATR’s above the 20EMA and the lower is 2.5 ATR’s below the 20EMA. Price must be moving with strong levels of relative momentum in order to hit or surpass the upper or lower Keltner Channel. Hence Keltner Channels can help to define the initial trend move required to setup the complex pullback. The 20EMA is also a handy reference point for gauging when a complex pullback may be ready to turn. If we overlay some Keltner Channels on our charts (below), we can see that in the bullish scenario, prices push into the upper Keltner Channel before pulling back to the 20EMA, and we see the opposite occur in the bearish scenario. Using Keltner Channels when trading complex pullbacks can help to remove some of the subjectivity involved which may ultimately help you to become a more consistent trader. Keltner Channels: Bullish Complex Pullback: Keltner Channels: Bearish Complex Pullback: III. How to Trade the Complex Pullback: Entry: Enter on a fakeout at the pullback extremes. In Part 1 of our Power Patterns series we introduced a pattern called the fakeout. This pattern occurs when the market breaks below support only to close back above it (or above resistance only to close back below it). Using the fakeout pattern to enter complex pullbacks is advanced and will take time and practice to perfect, but it is well worth the effort as it can offer favourable levels of risk-to-reward. Stop: Stops can be placed below the fakeout lows (bullish scenario) or above the fakeout highs (bearish scenario). An alternative stop placement technique is to use a multiple of ATR. Price Target: Initial targets are the swing highs created prior to the complex pullback (bullish scenario) – this is a great area to take partial profits and cover stops. Traders can then use the Keltner Channels for secondary profit targets (see examples below). How to Trade Bullish Complex Pullback: How to Trade Bearish Complex Pullback: IV. Managing Risks and Pitfalls: Risk Management: Alongside stop placement, it is essential that traders implement proper risk management techniques, such as position sizing, checking the economic calendar, and diversifying your trading portfolio. Additional Analysis: Don't rely solely on the complex pullback pattern for your trading decisions. Supplement your analysis with fundamental factors and market sentiment to gain a comprehensive view of the market. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
Education
by Capitalcom
Reversal Chart Pattern: WedgeWhat this chart pattern shows us is a loss of trend strength and a deceleration in price movement. The most achievable projection for setting our take profit will be the maximum width of the pattern, which occurs at the beginning of it. Alternatively, you can take the level that marks the start of the correction as a profit-taking point. As for the stop-loss level, it will depend on the type of entry made in the trade, whether it's a high-risk entry or a reduced-risk entry. (Like any other pattern or indicator, this one provides a signal of a possible market move. Therefore, the greater the number of confluences, the higher the probability that the observed scenario will occur). 💼💹 (🇬🇧)
Education
by JRiquelmeTrading
The Core Confirmations Every Trader Must KnowWelcome to Vestinda, where we delve into the fundamental aspects of successful trading. If you appreciate our charts, give us a quick 💜💜 In this journey, we unravel the four pillars of confirmation that seasoned traders rely on to make strategic moves in the market. 1. Price Action: Market Language Price action speaks volumes about market sentiment. Supply and Demand dynamics, chart patterns like triangles and double tops, and candlestick patterns such as Doji or Hammer provide invaluable insights into potential market directions. By understanding these patterns, traders gain a deeper understanding of the market's pulse. 2. Divergence: Market Discrepancies Divergence analysis, often derived from indicators like RSI (Relative Strength Index), OBV (On-Balance Volume), and CCI (Commodity Channel Index), uncovers hidden trends. When price movements diverge from these indicators, it signals potential market shifts. Astute traders keenly observe these disparities, foreseeing possible trend reversals or continuations. 3. Fibonacci: The Golden Ratios of Trading Fibonacci levels are not mere numbers; they are golden keys to unlocking market secrets. Traders leverage key Fibonacci levels (like 38.2%, 50%, and 61.8%) to identify potential reversal or continuation zones. These levels act as psychological barriers, guiding traders to make informed decisions regarding entry, exit, and stop-loss points. 4. Momentum: The Market Waves Momentum indicators, such as Moving Averages and MACD (Moving Average Convergence Divergence), are the pulse of market trends. Moving Averages, both simple and exponential, provide a smoothed outlook of price movements, aiding in trend identification. MACD, on the other hand, explores the relationship between two moving averages, shedding light on the strength of price movements and potential crossovers, indicating shifts in market momentum. Incorporating these four confirmations into your trading arsenal enhances your ability to interpret market signals. By embracing the nuances of price action, divergence analysis, Fibonacci retracements, and momentum indicators, you are equipped with a comprehensive toolkit to navigate the complexities of the financial markets. Stay vigilant, adapt to changing market conditions, and let these confirmations guide you toward trading mastery.
Education
by Vestinda
Why do the wealthy get wealthier while the poor get poorer?Hello, fellow crypto enthusiasts! I'm CryptoMojo, the name you can trust when it comes to trading views. As the captain of one of the most vibrant and rapidly growing crypto communities, I invite you to join me for the latest updates and expert long and short calls across a wide range of exchanges. I've got your trading needs covered with setups for the short-, mid-, and long-term. Let's dive into the charts together! I've dedicated my time and effort to crafting this chart, but remember, what you see here is crypto insight, not financial advice. 🚀💰 #CryptoMojo #CryptoTrading WHY THE RICH GET RICHER AND THE POOR GET POORER The adage "the rich get richer and the poor get poorer" serves as a stark reminder of the pervasive issue of economic inequality and the seemingly self-perpetuating cycle of wealth accumulation. This phenomenon is underpinned by a web of interrelated factors that fuel this divergence. Income Inequality forms the bedrock of this inequality, as the widening chasm between high and low-income earners creates a yawning chasm. Those with substantial incomes find themselves flush with resources, ripe for investment and further wealth multiplication, while those with more modest earnings struggle to meet their basic needs. The labyrinth of Access to Opportunities further exacerbates this divide. The affluent enjoy privileged access to quality education, lucrative career prospects, and influential networks, propelling them towards the upper echelons of financial success. Meanwhile, disadvantaged individuals often face insurmountable barriers, hampering their quest for prosperity. Asset Ownership significantly tips the scales in favor of the wealthy. These individuals are more inclined to possess assets such as stocks, real estate, and thriving businesses, which appreciate over time and generate passive income streams. Such opportunities rarely beckon to those with limited resources. Financial Education bestows an invaluable advantage upon the affluent. They wield superior financial literacy and access to expert guidance, making informed decisions about investments and wealth management. Conversely, the financially underserved may stumble due to a lack of knowledge, leading to suboptimal financial choices. The entwining of Taxation and Policies can skew wealth distribution. Favorable tax regulations may augment the wealth of the affluent through loopholes and exemptions, while the impoverished find meager support from social safety nets, perpetuating their struggle. The relentless ebb and flow of Economic Cycles wields disproportionate influence. Downturns hit the disadvantaged the hardest, causing job loss and asset depreciation, while the affluent can weather the storm and even seize investment opportunities amidst the turmoil. Inheritance perpetuates this divide, with wealthy families bequeathing assets, businesses, and influential connections to their progeny, securing their legacy and perpetuating the cycle of wealth. Differential access to Credit compounds the problem, as the wealthy can secure loans at preferential rates, empowering them to invest in income-generating endeavors. In contrast, the financially marginalized often face barriers to accessing affordable credit. The ethereal realm of Psychological Factors also plays a pivotal role. A "rich mindset," characterized by financial acumen, calculated risk-taking, and a forward-looking perspective, begets more avenues for wealth creation. Systemic and Structural Factors weave a complex tapestry, with issues like systemic racism, discrimination, and entrenched socioeconomic barriers disproportionately affecting marginalized communities, further entrenching the cycle of poverty. These multifaceted dynamics underscore the depth of the challenge. Addressing wealth inequality demands a comprehensive approach encompassing policy reforms, equitable access to education and resources, bolstered financial literacy, and a fervent commitment to dismantling systemic injustices. The ultimate goal is a society where every individual is afforded equal opportunities to enhance their financial well-being and quality of life. This chart is just for information Never stop learning I would also love to know your charts and views in the comment section. Thank you
Education
by CRYPTOMOJO_TA
19
TOP 20 Key Patterns [cheat sheet]Hi guys, This is @CRYPTOMOJO_TA One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Here are some Educational Chart Patterns that you should know in 2022. I hope you will find this information educational & informative. >Head and Shoulders Pattern A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is the highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. >Inverse Head and Shoulders Pattern An inverse head and shoulders are similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends An inverse head and shoulders pattern, upon completion, signals a bull market Investors typically enter into a long position when the price rises above the resistance of the neckline. >Double Top (M) Pattern A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs. >Double Bottom (W) Pattern The double bottom looks like the letter "W". The twice-touched low is considered a support level. The advance of the first bottom should be a drop of 10% to 20%, then the second bottom should form within 3% to 4% of the previous low, and volume on the ensuing advance should increase. The double bottom pattern always follows a major or minor downtrend in particular security and signals the reversal and the beginning of a potential uptrend. >Tripple Top Pattern A triple top is formed by three peaks moving into the same area, with pullbacks in between. A triple top is considered complete, indicating a further price slide, once the price moves below pattern support. A trader exits longs or enters shorts when the triple top completes. If trading the pattern, a stop loss can be placed above the resistance (peaks). The estimated downside target for the pattern is the height of the pattern subtracted from the breakout point. >Triple Bottom Pattern A triple bottom is a visual pattern that shows the buyers (bulls) taking control of the price action from the sellers (bears). A triple bottom is generally seen as three roughly equal lows bouncing off support followed by the price action breaching resistance. The formation of the triple bottom is seen as an opportunity to enter a bullish position. >Falling Wedge Pattern When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, the price may breakout above the upper trend line. When the price breaks the upper trend line the security is expected to reverse and trend higher. Traders identifying bullish reversal signals would want to look for trades that benefit from the security’s rise in price. >Rising Wedge Pattern This usually occurs when a security’s price has been rising over time, but it can also occur in the midst of a downward trend as well. The trend lines drawn above and below the price chart pattern can converge to help a trader or analyst anticipate a breakout reversal. While price can be out of either trend line, wedge patterns have a tendency to break in the opposite direction from the trend lines. Therefore, rising wedge patterns indicate the more likely potential of falling prices after a breakout of the lower trend line. Traders can make bearish trades after the breakout by selling the security short or using derivatives such as futures or options, depending on the security being charted. These trades would seek to profit from the potential that prices will fall. >Flag Pattern A flag pattern, in technical analysis, is a price chart characterized by a sharp countertrend (the flag) succeeding a short-lived trend (the flag pole). Flag patterns are accompanied by representative volume indicators as well as price action. Flag patterns signify trend reversals or breakouts after a period of consolidation. >Pennant Pattern Pennants are continuation patterns where a period of consolidation is followed by a breakout used in technical analysis. It's important to look at the volume in a pennant—the period of consolidation should have a lower volume and the breakouts should occur on a higher volume. Most traders use pennants in conjunction with other forms of technical analysis that act as confirmation. >Cup and Handle Pattern A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle are considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks. >What is a Bullish Flag Pattern When the prices are in an uptrend a bullish flag pattern shows a slow consolidation lower after an aggressive uptrend. This indicates that there is more buying pressure moving the prices up than down and indicates that the momentum will continue in an uptrend. Traders wait for the price to break above the resistance of the consolidation after this pattern is formed to enter the market. >What is the Bearish Flag Pattern When the prices are in the downtrend a bearish flag pattern shows a slow consolidation higher after an aggressive downtrend. This indicates that there is more selling pressure moving the prices down rather than up and indicates that the momentum will continue in a downtrend. Traders wait for the price to break below the support of the consolidation after this pattern is formed to enter in the short position. > Channel A channel chart pattern is characterized as the addition of two parallel lines which act as the zones of support and resistance. The upper trend line or the resistance connects a series of highs. The lower trend line or the support connects a series of lows. Below is the formation of the channel chart pattern: >Megaphone pattern The megaphone pattern is a chart pattern. It’s a rough illustration of a price pattern that occurs with regularity in the stock market. Like any chart pattern, there are certain market conditions that tend to follow the formation of the megaphone pattern. The megaphone pattern is characterized by a series of higher highs and lower lows, which is a marked expansion in volatility: >What is a ‘diamond’ pattern? A bearish diamond formation or diamond top is a technical analysis pattern that can be used to detect a reversal following an uptrend; the however bullish diamond pattern or diamond bottom is used to detect a reversal following a downtrend. This pattern occurs when a strong up-trending price shows a flattening sideways movement over a prolonged period of time that forms a diamond shape. Detecting reversals is one of the most profitable trading opportunities for technical traders. A successful trader combines these techniques with other technical indicators and other forms of technical analysis to maximize their odds of success. Technicians using charts search for archetypal price chart patterns, such as the well-known head and shoulders or double top /bottom reversal patterns, study technical indicators, and moving averages and look for forms such as lines of support, resistance, channels and more obscure formations such as flags, pennants, balance days and cup and handle patterns. Technical analysts also widely use market indicators of many sorts, some of which are mathematical transformations of price, often including up and down the volume, advance/decline data and other inputs. These indicators are used to help assess whether an asset is trending, and if it is, the probability of its direction and of continuation. Technicians also look for relationships between price/ volume indices and market indicators. Examples include the moving average, relative strength index and MACD. Other avenues of study include correlations between changes in Options (implied volatility ) and put/call ratios with a price. Also important are sentiment indicators such as Put/Call ratios, bull/bear ratios, short interest, Implied Volatility, etc. There are many techniques in technical analysis. Adherents of different techniques (for example Candlestick analysis, the oldest form of technical analysis developed by a Japanese grain trader; Harmonics; Dow theory; and Elliott wave theory) may ignore the other approaches, yet many traders combine elements from more than one technique. Some technical analysts use subjective judgment to decide which pattern(s) a particular instrument reflects at a given time and what the interpretation of that pattern should be. Others employ a strictly mechanical or systematic approach to pattern identification and interpretation. Contrasting with technical analysis is fundamental analysis, the study of economic factors that influence the way investors price financial markets. Technical analysis holds that prices already reflect all the underlying fundamental factors. Uncovering the trends is what technical indicators are designed to do, although neither technical nor fundamental indicators are perfect. Some traders use technical or fundamental analysis exclusively, while others use both types to make trading decisions. Trade with care. If you like our content, please feel free to support our page with a like, comment
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Education
by CRYPTOMOJO_TA
91
EXPLAINED BASIC CONCEPTS OF TRADE📊📈 Unleash Your Trading Potential with These Proven Strategies! 🚀 Hello, Aspiring Traders! Are you ready to embark on the exciting path to trading success? Trading isn't just about making profits; it's a disciplined business, an art form, and a psychological challenge. The keys to success are deceptively simple but often overlooked. ✨ Trading is NOT Gambling! Bid farewell to unrealistic expectations and the notion that trading is akin to rolling the dice. To steer your journey in the right direction, follow these steps: 🚀 Set and Maintain Risk-Reward Ratios. Never risk more than 1% of your deposit on a single trade. Ensure control over your risk exposure by using variable lot sizes, regardless of market conditions. 🚀 Steer Clear of the "All-In" Approach. Resist the urge to place your entire account balance on a single trade in the hopes of recouping losses. Trading is about learning, not desperation. 🚀 Safeguard Your Capital with Stop Loss Orders. Utilize Stop Loss (SL) orders consistently. Avoid relying on manual closures, as emotions can lead to costly decisions. 🚀 Establish Daily and Weekly Loss Limits. Set sensible limits. If you encounter three consecutive losses in a day, take a break. If your losses exceed 10% of your account within a week, step back for the following week. This break is crucial for your growth as a trader. ✨ Maintain a Calm and Collected Demeanor Successful traders exhibit a unique blend of discipline akin to a robot and the intuitive faculties of a human. Remember, entering the market too early or too late is just as detrimental as being wrong. Maintain your composure: 🧘 Keep Emotions in Check. Euphoria and panic are your adversaries. Emotions belong in the casino, not in trading. 🧘 Steer Clear of FOMO (Fear of Missing Out). Don't trade out of fear or impatience. Premature entries driven by FOMO can lead to losses. 🧘 Forge Your Own Path. Resist the temptation of herd mentality. Successful traders are independent thinkers. 🧘 Cultivate a Diverse Watchlist. Focus on instruments with setups you understand work. Avoid inventing trades that don't align with your strategy. ✨ Consistency is the Key to Triumph Steady gains are far superior to volatile boom-bust performances. Here's your roadmap to consistency: 📊 Discover Your Trading Strategy. Thoroughly research and select a trading strategy that aligns with your personality and comprehension. 📊 Employ Paper Trading and Backtesting. Test your strategy in real-time and refine it through paper trading and the analysis of historical data. 📊 Monitor Your Trades. Maintain meticulous records to pinpoint your strengths, weaknesses, and recurring patterns in your trading. 📊 Codify Your Rules. Establish a precise algorithm for your trading strategy to minimize emotional decision-making. 🚀 In Conclusion: Embrace the Journey! Trading is a long-term endeavor, not a shortcut to wealth. Along the way, you'll face challenges, losses, and setbacks, but when you succeed, you'll unlock the path to financial freedom! 🙌 Show your support for these strategies with a LIKE and share your thoughts in the COMMENTS! Let's navigate the world of trading and reach success together! 🌟
Education
by CRYPTOMOJO_TA
16
E9 ERASER PATTERN Naming this the E9 Eraser Pattern as it literally erases traders out the game... Impulse leg creates a peak with liquidity pool above the peak, this area (usually the wick area) is eaten into signalling to go short, as price moves in that direction price is sharply reversed after an internal structure break, trapping said short traders. As price breaks/pushes out of the prior Initial high, triggering buy stops / stop losses, once again we can expect price to sharply reverse. Ideally we will see an OVERWATCH candle signal print, signalling potential reversal pattern in play.
COINBASE:BTCUSDEducation
by TraderE9
GUIDE TO TRADING ELLIOTT WAVE TRIANGLEELLIOTT WAVE TRIANGLE Elliott Wave Theory is a popular method used by traders to analyze and predict financial market cycles, particularly in stock markets, forex markets, and cryptocurrencies. One of the key patterns within this theory is the Elliott Wave Triangle, which is a continuation pattern that occurs during the consolidation phase of a trend. Triangles are useful because they provide a clear structure that helps traders anticipate future price movements. Rules for Identifying Elliott Wave Triangles: 1. Wave Structure: Triangles always occur in wave four or B positions. Triangles consist of five waves labeled as a, b, c, d, and e. Each of these waves subdivides into three smaller waves labeled as 1, 2, 3, 4, and 5. 2. Wave Characteristics: Wave a, c, and e are corrective waves (usually zigzags or flats) and move against the prevailing trend. Wave b and d are corrective waves as well but move in the direction of the prevailing trend. Wave e often ends beyond the end of wave c, creating an overshoot. 3. Converging Trendlines: The trendlines connecting waves a and c and waves b and d should converge toward each other. 4. Time and Price Contraction: Triangles demonstrate a contraction in both price and time. Price range narrows, and the time taken for each wave decreases. 5. Volume: Volume usually contracts as the triangle pattern progresses, indicating reduced market interest. Examples From past Historical Data In the provided price chart of ELONUSDT, a distinct pattern spanning 116 days is evident. Following this period, there was a notable price movement where the market traded above the peak of wave (D). This breakout above the wave (D) high signifies the resumption of the trend. Likewise, when examining the price charts of MATICUSDT and TFUELUSDT, it is observable that the wave B position forms a triangular pattern. Upon breaking above the respective highs of wave D, prices surged dramatically, reaching new all-time highs. Finally, DFIUSDT serves as a prime illustration of a triangle formation within a bear market. Upon breaking below the low point of wave D in the triangle, a substantial decline in price occurred, leading to the establishment of new all-time lows. Some Potential Opportunity on the Horizon Below are some of the potential price charts am currently watching for potential future trading opportunities: Final Remark Remember, while Elliott Wave Theory and patterns like triangles can be powerful tools, they are not foolproof. It's essential to use them in conjunction with other technical analysis tools and risk management strategies to make informed trading decisions. Additionally, markets can be unpredictable, and patterns may not always play out as expected. Always practice due diligence and never risk more than you can afford to lose in trading. If you find the educational resource helpful please consider leaving a like, comment and most importantly don't forget to hit the follow button so you will be informed when we upload another awesome content. Trade safe and may the market be with you.
Education
by maonimisi