Complex pullback in C3.AI stock!On Monday, the bulls returned to the C3.ai stock following the signing of a new contract with a significant branch of the American military.
This development sent the share price of the AI specialist rocketing more than 8% higher so far this week, outperforming the week’s 1% increase in the S&P 500 index.
You can now spot a spring pattern after what Lance Beggs would describe as a complex double-swing pullback .
A daily close above $32 should be the beginning of a new rally to $48.
Complexpullback
Long on UJHere we are finishing complex pullback into the previous Source of Institutional orders..
Daily, 4 hour and 1 hour are all bullish... unless we break that bottom red circle..
We just faked out cleared liquidity from the bottom ( wyckoff accumulation on 5min, and shot up breaking the range,I would really have loved if we broke 15 min structure but it is what it is) now we are expecting a test, mitigation from the marked area to go up and rack all the targets and liquidity above... If for some reason we break lower a great reaction could be expected in that green square below (asian midline).
Fundamentally interest rates supposed to be going up so DXY and USD pairs should start being bullish while stock market on a pull back which is happening now.
If you stack in that green area you could double or triple you equity while risking only 1 percent or less.. This should be epic..
How To Read Structure (Charts) Tutorial- Section: 3 Charts 12-18The highly anticipated release of the How to read structure tutorial is finally here! Thank you for your patience traders, lets get right into it. In Section one and two of the how to read structure tutorial, we spent a lot of time going over the process that I use to identify potential reversals as well as what I consider to be confirmation of a trend reversal. In this section we are going to learn why I use this process & how it helps me identify the difference between a pull back and an actual reversal. We are also going to take our first detailed look into how this process is used to identify trading ranges as they are occurring & we will end with a brief introduction regarding how to properly use multiple timeframes to increase your strategies performance and overall returns.
Section 3 Will Consist of 7 Charts:
Chart 12- Simple Pullbacks Explained.
Chart 13- One Simple Way To Identify A Fake Reversal + Identifying The Complex Pullback.
Chart 14- My Method Of Identifying Trading Ranges Before They Occur.
Chart 15/16- Continuation Of Chart 14 & Why The Complex Pullback Method Is Effective.
Chart 17/18- An Effective Way To Use Multiple Timeframes With A Strategy.
Chart 12- Simple Pullbacks Explained & Ground Work For Learning The Complex Pullback Method
The majority of people who try their hand at trading, do not have any formal training or education of any kind therefore most of the trading related knowledge they learn is obtained through free sources, books or online courses that never fully go all the way, leaving them with a ton of questions and confused. Proper chart reading and structure analysis is one of the most commonly misunderstood aspects amongst novice traders, and at little to no fault of their own. It is important to understand that not all structure analysis is the performed the same, each trader may have his/her own process for reading structure so if this is a topic you wish to learn, I highly recommend learning one traders specific process to avoid confusion and conflicts with education that you may have learned elsewhere.
Chart 13- One Simple Way To Identify A Fake Reversal & Identifying The Complex Pullback (my process)
It is said and assumed that- "In order to identify a trading range, price must trade in it for an extended period of time". This is true with the traditional method of technical analysis however the Complex Pullback is an advanced structure analysis method that I have used to successfully identify trading ranges as they are occurring for years... With this method, we do not have to wait for a trading range to be established before identifying it as one, which gives us the ability to spot & avoid many false reversals. Incorporating this method into your strategies, can dramatically increase its performance & returns. Please see the chart below to get a better understanding of how this method works.
Chart 14- My Method Of Identifying Trading Ranges Before They Occur
Chart 15/16- Continuation Of Chart 14 & Why The Complex Pullback Method Is Effective
Each 4hr candle represents 4hrs of price action therefore, each 4hr candle can be seen as 4- 1hr candles. Lower timeframes, can be used to obtain more information about price action. For example- If your strategy uses a specific candlestick as an entry signal, dropping down to the 1hr chart would give you an additional 3 candles which would result in 3 more opportunities for your entry signal to appear.
Chart 17/18- An Effective Way To Use Multiple Timeframes With A Strategy
As always, I hope this tutorial was helpful to you. Please leave your feedback in the comments below, & if you got value from this please share & give the tutorial a thumbs up. Your Shares & Likes really help to get these tutorials out to traders who are trying to learn, While your feedback lets me know that these free tutorials are helpful to you. I will continue to share them if they are of value. If you would like to learn more about how to read charts, and structure based trading please see sections 1 & 2 of the "How to read charts, structure based trading tutorials" (linked in the related ideas section below) or head over to TradersNsights:
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EURJPY 240min TCT & Bat PatternLooking at the HTF I believe that EURJPY will continue higher up the 131.000 area. Market is in a Bearish Trend on the HTF and it appears we are setting up for a complex pullback.
With that in mind, I'm bullish on the LTF and want to buy pullbacks. I will be looking to take a long around the 125.750 level IF we can pullback that far.
I will also be looking to involve myself in a Bearish opportunity if we get up to the 131.000 Level. This will position me with the underlying trend.
So right now I have the Market Bracketed and just waiting for it to make a move.
Hope this helps!
Happy Trading :)
GBPAUD: 4hr TCT opportunity with a Complex Pullback Looking at a potential trend continuation opportunity here on the GBPAUD as the market puts in a complex pullback into previous structure resistance. As we talked about in last night's video, complex pullbacks offer safer entries into TCT opportunities on both the psychological and risk/reward side of things.
As mentioned in last night's video there are different areas you can look fat for target taking depending on your level of aggression as a trader, but the risk/reward is so good that you should be able to maintain your minimums no matter what you're shooting for.
We'll go over this once again in more detail in the Live Room this morning guys.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
]www.TradeEmpowered.com
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