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Continuationpattern

GBPUSD 1.30854 - 0.79 % LONG IDEA * TREND ANALYSIS + CONTINUATIOGood Day Everyone A look at the DOLLAR / POUND on most fronts the market is closing on the dollar recovery this Friday but the pair is still net long on higher time-frames so still looking for longs in the coming week until the charts say otherwise but coming down to the 4H chart the pair is trading in a pennant formation which could be signalling continuation with the bulls on the so looking for longs on the pound in the coming week. let's see how it goes. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 1.33155 TP 2 - 1.35210 SL - 1.29612 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
NAS100USD 11568.0 + 0.73 % LONG IDEA * TREND CONTINUATIONGood Day Everyone The Nasdaq 100 reached new heights yet again last week as stocks like Tesla , Apple and Amazon continued to build on recent gains. As a key member of the S&P 500 , Nasdaq 100 and Dow Jones, Apple is afforded considerable influence in the performance of the three major US indices and it has been soaring as of late – bolstering the otherwise lackadaisical US equity market. *DAILY FX www.dailyfx.com Looking for continuation of the trend with the bulls as the INDEX is net BULLISH on higher timeframes still pushing to HH. Significant moves with the bears will change the whole trading plan. lets see how it goes... HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 11708.7 TP 2 - 11936.6 SL - 11390.4 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
OANDA:NAS100USDLong
by PULEMokhothu
EURCAD 1.532342 + 0.56 % LONG IDEA Good Day Everyone Here's an idea on the EURCAD pair looking at it from the 4H chart, the pair is currently trading in a pennant formation which might be signalling continuation to the base of the ascending channel but looking at the fundamental of both currencies looking for the EUR to gain some traction against the CAD but it could go either way so the signal will be in effect depending on the breakout of the pair from structure among other thing . lets see how it goes... Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
3
How to Trade Stocks in a Recession – Survive the CODVID-19Where to put Money During a Recession? #1 Recession-proof Stocks: Discount Store Industry. Here is a list of retail stocks to keep an eye on during the 2020 recession: Dollar General (NYSE: DG ) – during the 2008 crash DG rose more than 60% and since the middle of March 2020, it’s up the stock is up more than 38%. Walmart (NYSE: WMT ) – since the COVID – 19 outbreak, Walmart stock is up more than 19% from its March’s low. Dollar Tree (NYSE: DLTR ) – With a gain of over 60% return in 2008, Dollar Tree is another recession-proof stock that can withstand today’s coronavirus bear market. These types of businesses do well during a recession. The retail discount industry will typically see a boost in sales, which typically means bigger profits for the companies and subsequently these stocks can beat all other S&P 500 stocks. #2 Recession-proof Stocks: Health Care Industry. Biotech company Amgen (NYSE: AMGN ) was among the best-performing stocks in 2008, gaining as much as 24.3% by the end of that year. During the COVID-19 stock market crash, Amgen has gained roughly 24% since its March low. #3 Recession-proof Stocks: Delivery Services Industry. The biggest courier companies in the USA are UPS Inc. closely followed by FedEx Corp . With over 3 billion of the global population in lockdown due to coronavirus quarantine, the home delivery services industry has become an essential component of our society. The foundation of making money when the stock market crashes or in any other type of investing is to study the past. Here is a stock trading tip: Compare which stocks have performed well during previous recessions. For this exercise, we’re going to have a look at the stocks that soared during the financial crisis of 2008. During the subprime mortgage crisis of 2008, the US stock market lost almost 40% of its value. But even in those dire times, where the majority of stocks plunged, there were some healthy stocks that survived the crash. Given the coronavirus stock market crash, we’re going to have a look at 5 recession-proof stocks that can survive this bear market. When we can learn something from the stock market history, it’s best to pay attention. Stock investors looking to pick healthy stocks can start first by including the above-mentioned names in their portfolios. How to Trade Stock In a Recession? A study has been conducted to assess the past six recessions and revealed that if you invested in the Dow stocks during those recessions only during the 1980 recession the portfolio value would have made profits by the end of the recession. Now, you might be wondering… “How you can profit from a recession?” The straightforward method to trade stock in a recession is by short selling. You can make money when stock prices go down by short selling. Actually, stock day traders can make money both ways, when the stock price goes down and when the stock price goes up. Finding good stocks to hold and make profits during a recession is pretty hard. Alternatively, buying dividend stocks can become another profitable method to invest during a recession. Dividend stocks can provide a good source of passive income during times of a recession. You can also use Google Trends for stock picking. However, by far the best stock trading strategy in a recession is day trading. In a typical recession, stock investors will experience more volatility , which is the perfect paradise for day traders. Stock day traders will continue to see volatility as the uncertainty around the coronavirus persists. One major characteristic of a bear market is high volatility compared to bull stock markets. And, the 2020 bear market holds the record as the fastest bear market in history. Bull and bear market volatility look very different. So, as you may imagine, stock volatility is through the roof during the 2020 recession. We’re going to teach you how to make money during a recession with a day trading strategy inspired from Trading Guru Larry Williams . See below: Day Trading with the Best Stock Trading Strategy in a Recession Day trading during a recession can be the fastest way to grow your account. With day trading you can trade both ways: You can take advantage of both the bearish trend as well as from the sharp rallies. Our stock day trading method is based on the same method that Larry Williams used to generate more than $1 million in profits in the world futures championship Robbins World Cup. But, there is a twist. Our team of experts took Larry’s Smash day reversal pattern and twisted the rules to fit our recession strategy. Now, you may be asking yourself: What’s a Smash day reversal pattern? According to Larry Williams , a Smash bar is a bar of increased volatility with long wicks. The Smash bar trading pattern indicates a potential reversal of the preceding impulsive movement. Let me explain… If on the intraday level, the stock price starts all of a sudden to experience a high level of volatility , this should leave behind candle bars with long wicks. Now, it’s important to make the difference between the Smash bar trading setup and the typical Pin Bar chart setup. While these two stock chart patterns might look similar, the pin bar has a small body candle, while the Smash bar has a typical larger body. The stock reversal pattern is completed once the next candle breaks above the smash candle, which will subsequently trigger a buy signal. Note* obviously the protective stop loss can be placed at the other end of the Smash bar. This stock chart pattern works because the increased volatility will attract more traders to take an interest in the stock. However, if the next bars go in the opposite direction it will signal a reversal in the current stock price direction. Subsequently, this will lead to further liquidation along the road and exacerbate the stock price reversal. Now, the coronavirus crisis has unleashed unprecedented levels of stock volatility . This is good news because it means the Smash bar pattern will tend to reoccur more often. You can buy and sell stock in a recession due to the elevated stock volatility . We have learned how to buy stocks, but what about how to sell stocks during a recession? We use the same principles but in reverse. There is also a slight variation of the Smash bar reversal pattern that we can use. Larry Williams calls it a hidden Smash bar. Let me explain it to you: When a highly volatile bar emerges out of the blue that can be a signal of reversal. This bar must have its closing price in the lower third of the stock price range. And, it must be bigger than the bars close to its proximity. Note* this time we don’t count on the long wicks. Note* this day trading pattern works best when we trade it in a context of an established intraday trend as a continuation pattern. Final Words – Best Stock Trading Strategy in a Recession Use our best stock trading strategy in a recession if you want your account to go up even when the market crashes. Learning how to trade stocks in a recession can help you survive while keeping you risk adjusted. The average recessions last 18 months, so it’s important to find different methods to protect yourself. Alternatively, you can also learn where to put money during a recession a safe way. Stock investors can put their money in high –quality stocks (recession-proof stocks) like: Consumer staple stocks Discount store stocks Pharmaceutical stocks Delivery service stocks or food delivery stocks If you’re more of a stock risk-taker, the best way to make money during a recession is by day trading the stock market. Larry Williams’ Smash day pattern is a simple but very effective way to trade stocks in a recession.
NASDAQ:AMZNEducation
by Tradingstrategyguides
WATCH EURAUD 30M FOR REVERSAL OR CONTINUATION Price has two resistance levels to decide to either reverse bearish or continue bullish. (162.00 & 162.11) If continuation long watch for a Break-Hook_Go candle pattern on a 5m, 15m or 30m chart. If reversal short watch for an engulfing candle, evening star, inside candle railroad candle reversal patterns on a 5m, 15m or 30m chart. Continuation TP levels will be 100%, 127.2% and 161.8% fibs. Reversal TP levels will be -23.6%, -61.8% and -127.2% fibs. Find your SL on the other side of the reversal or continuation point.
by Tradingstrategyguides
12H BEARISH SETUP AFTER CONTINUATION PATTERNI thought 12H 233EMA was going to be tested, but there's a good chance this channel is breaking downwards till 7K area. After the last up, middle part of channel was a great resistance, and bull volume never appeared. After 4 touches, channels can break easily and next support area is around 7K. Indicators: - MACD is about to cross bearish in bearish side. - RSI has made a double top bearish divergence below 50. - Stoch crosses again bearish and there's room till oversold area - ADX is still on sideways (continuation pattern) but DI- is dominating now and can easily begin a bear tred. In this case 55EMA was enough to stop the bulls. I am going to wait to MACD signal on 4H crosses Zero line. Target 7K area Not advice, Just my journey!
BITMEX:BTCUSD.PShort
by EstebanH
ORBEX: EURUSD - Correction to Minor 4 Could Brings Heavier BearsEURUSD could move a tad higher to complete minor wave 4 near 1.10 before continuing lower. With minuette wave (a) and (b) looking completed we can now expect wave (c) to form and complete the correction. Look for a valid rejection near 1.10! Should prices move above the validation level bulls would gain more control and the projected pattern could break down. Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
Long
by Orbex
ORBEX: EURCHF - End of Correction Hints to Further DeclinesIt looks like the corrective subminute wave c of minuette wave (ii) might have ended at 1.09425. As part of minute wave 3 of minor wave 3 we can now expect prices to move lower short, medium and longer-term with short-term declines reaching minuette wave (iii) near 1.07836. The current correction is likely to end as a zig-zag pattern a,b,c with subminute wave c potentially ending at the 100% FE at 1.09425 or slightly above. In case prices move above 1.10 we should still be looking at this turning lower. But a failed rejection would add uncertainty and potentially an invalidation of the current structure. The current structure suggests that once this correction is done with, prices could continue lower to complete the fifth minuette wave at 1.07550, where minute wave three would also complete its run. We could look for short-term sells and then a pullback to complete minuette wave (iv) near (i) low . Invalid above 1.1018 Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
Short
by Orbex
Patient trade here. Wait for the accum zone...TREE Dont jump the gun on this one, but rather over the next 6 weeks begin accumulating some Lending Tree shares or options in anticipation of a continuation pattern upwards. See below for more close up look. The cup and handle pattern is one of the most misused patterns I see on here, as everyone just wants to call any round bottom a "cup and handle". They are not. A true cup and handle is a continuation patters coming off an uptrend. The "cup" forms, and then the handle needs to retrace approximately 2/3 of the cup depth, or usually right around the .618 fib zone. That is the buy area. In this case, puts your accumulation zone around 285-270 for the ride back up. In addition, this stock has respected the weekly 125 MA at each pullback in its uptrend thus far, and I expect no major deviance here. However, if the stock falls below 250 the pattern is negated and the loss needs to be cut at 7%ish. Happy hunting, and GLTA!!
NASDAQ:TREELong
by UnknownUnicorn1314136
KRAFT 1D CONTINUATION TRIANGLEContinuation Triangle, Descending Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending volume bars and descending atr line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NASDAQ:KHC
by Tradingstrategyguides
BTC: Symmetrical TriangleBitcoin seems to be consolidating inside a Symmetrical Triangle. This would be a confirmed bearish continuation pattern if the last of these 3 phases completes: 1) Background: A Strong impulsive, thrusting action with a surge in volume & price establishes a clear picture of the controlling bearish trend direction. In our symmetrical triangle price pattern, it is represented visually by a Pole. Deeper and more drama the better, as the Pole is the Key to recognizing the potential for the continuation of the pattern. The Pole represents trend direction as well as its strength & often this pattern is initiated as a new breakdown in price from an established area & sellers are in control. 2) The second phase is a pause for consolidation of the action both in volume & price and is represented by the symmetrical triangle . 3) The pattern confirms as a bearish continuation pattern if the action creates a new bearish breakdown with a surge again from the bears in both volume & price.
BITFINEX:BTCUSD
by MRudy
1
BTC: Possibility of a Bearish Ascending Triangle? (Part 2)- The most recent pump has painted a bearish divergence on the 1h, 2h, and 4h RSI. - I previously stated that if Bitcoin dumped from there, or even from a little higher, this could indicate the possibility of the formation of a Bearish Ascending Triangle if the price retests the ascending support line. > The divergence on the RSI has played out perfectly. Now let's see if the price retests the ascending support line, which would support the evidence of this potential continuation pattern. Ascending Triangles are characterized by a series of higher lows but the same highs. The horizontal upper trendline will experience multiple efforts as price resistance. The shape of the Ascending Triangle is altered by the slope of the ascending support line which ‘converges’ or; is inclined toward, the upper resistance line. Ascending Triangles vary in their duration, but will have at least two swing highs and two swing lows in price. This bearish continuation pattern has 3 phases: 1) Background: A Strong impulsive, thrusting action with a surge in volume & price establishes a clear picture of the controlling bearish trend direction. In our ascending triangle price pattern it is represented visually by a Pole. Deeper and more drama the better as the Pole is the Key to recognizing the potential for the continuation of the pattern. The Pole represents trend direction as well as its strength & often this pattern is initiated as a new breakdown in price from an established area & sellers are in control. 2) The second phase is a pause for consolidation of the action both in volume & price and is represented by the ascending triangle . 3) The pattern confirms as a bearish continuation pattern if the action creates a new bearish breakdown with a surge again from the bears in both volume & price.
COINBASE:BTCUSD
by MRudy