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Sand and its recent pumpHey, we are going to talk about a pattern today, called falling wedge, as it happened few days ago in SAND I'm just gonna talk about it as a good example. Basically a wedge is a shape looking like triangle, it causes to make lower highs and higher lows which are closer to each other as we go along. we have 4 types of wedges listed below : 1. Falling wedge ( in uptrend or downtrend ) 2. Rising wedge ( in uptrend or downtrend ) well I'm not gonna tell you how to trade it as its explained in books or some youtube channels; what you'd normally find out there is that when you see Falling wedge in uptrend we are probably going to see another leg up ( what happened in SAND ) and rising wedge in an uptrend would probably cause trend reversal, but lets just say this is not true and market doesn't care about what we all think :D what I'd suggest is to treat all these shapes as kind of channels, You can buy low sell high and when the break happens get in and ride with it ( DO NOT FOMO ). But lets talk what is actually happening behind these formations, lets talk price action a bit; a wedge usually happens after a trend, we usually find it after a leg up or leg down, and basically that means market is probably going to play around the highs or lows it made for a while before making a second large move ( Correctional or not ), so it will start forming these shapes. normally when we see the price making lower highs in an uptrend ( or higher highs in a down trend ) we'd suspect a trend reversal, but in this case , the highs are really close and we are also making higher lows, this tells us, market is not going anywhere yet, because there is a fight going on between bulls and bears. eventually one of these sides will give up, and the support or resistance will break, That's the moment for us to get in and ride along the market. This is basically all you need to know about wedges. pretty simple but useful. check the price action on Sand as an example and let me know if there are any questions.
Education
by Algo_Analyst
5
Reversal Patterns & ContinuationHello Traders, Today I would like to talk all about the different types of reversal patterns & continuation patterns, this can be whether you are a swing trader or a day trader we all must look for signals such as these as they are solid confirmations for our trading ideas. Forex reversal patterns are on chart formations which help in forecasting high probability reversal zones. These could be in the form of a single candle, or a group of candles lined up in a specific shape. Types of Reversal Chart Patterns There are two basic types of trend reversal patterns; the bearish reversal pattern and the bullish reversal pattern. The Bullish reversal pattern forecasts that the current bearish move will be reversed into a bullish direction. The Bearish reversal pattern forecasts that the current bullish move will be reversed into a bearish direction. Double Top and Double Bottom We will start with the Double Top reversal chart pattern. The pattern consists of two tops on the price chart. These tops are either located on the same resistance level, or the second top is a bit lower. The double top pattern typically looks like the letter “M”. The Double Top has its opposite, called the Double Bottom. This pattern consists of two bottoms, which are either located on the same support level, or the second bottom is a bit higher. The double bottom pattern typically looks like the letter “W”. Head and Shoulders The Head and Shoulders pattern is a very interesting and unique reversal figure. The shape of the pattern is aptly named because it actually resembles a head with two shoulders. The pattern forms during a bullish trend and creates a top – the first shoulder. After a correction, the price action creates a higher top – the head. After another correction, the price creates a third top, which is lower than the head – the second shoulder. So we have two shoulders and a head in the middle. Of course, the Head and Shoulders reversal pattern has its inverted equivalent, which turns bearish trends into bullish. This pattern is referred to as an Inverted Head and Shoulders pattern. Overall Reversal patterns are a key part in trading and especially useful for confirmations in your trade ideas. You may not always find reversal patterns but when you do you will know the best possible entries! Thanks for taking the time to read my post! Please check out my other trade ideas! 😆😂😆😂😆😂😆😂
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COINBASE:BTCUSDEducation
by Pips-Collector
86
EURUSD and FULL MOON. A major low is in progress?Several studies have found a connection between moon phases and the performance of the market. You can research the internet and you will find many articles on this topic. In the chart above we have marked the Full Moon dates for the past 2 years in order to give you a visual representation of the Full Moon and important shifts in the market. It is impressive to see how many times during the past two years the full moon date coincided with a major top or bottom or even marked the beginning of a new trend. So, how can we use the full moon dates in order to profit from the market? We will treat this information as any other indicator that provides potential signals for top or bottom. We will look for additional information from other technical indications in the charts. As we can see in the daily chart below, the pair is already testing the bottom of the downward channel that contains the move from May's highs. RSI is in oversold levels and several Fibo wave relationships mark the area between 1.1240-1.1300. Also at 1.1300 area 61.8% retracement is completed from March 2020 lows to January 2021 highs move. Combining all the above we believe that a low that will give at least a significant pullback is already in place or will be formed in the coming days until the end of the week. Was it the low that the pair formed during the Asian session at 1.1257 or the pair needs a new low a little bit lower? One thing is certain... Market always does what it wants and not what we want. Use the information. Be prepared. Make a plan. Calculate your risk. The profits will follow...
by Chartist-Trading
Why Year End Trading Is So Danger - Valuable content !!Timing is everything There are certain times in the markets that present risks and opportunities. In the market, different times have different characteristics. This is true on a day to day basis. For example, at the end of the US and before the Asian session the market becomes particularly illiquid and flash crashes can move the market hundreds of points on very little. This is a vulnerability that occurs at certain times. In a similar way, the end of the month and end of financial years have influences on different currencies too. This article will focus on year-end markets and both the risks and opportunities that lie within them. Buying gold on the last day of the year One of the best ways to end the year is to consider buying Gold at the end of December in anticipation of the strong pattern of buying Gold, which takes place with a surprising regularity, in the month of January. Over the last few years this seasonal pattern has shown particular strength. If you include the months for February and March too there has only been negative returns once, in 2013. This year presented a really good opportunity to take advantage of this pattern as there were also strong fundamental reasons to buy Gold. The concern over the US-China trade war accelerated as President Trump became more and more vocal in his combative stance. The market feared that a hostile trade war between the US and China, which constitute around 40% of the entire world's GDP, would spark a global slowdown in growth. The result was that Gold was bought as a safe haven currency into year-end as US equities plummeted. Cryptocurrencies had also declined during the year as an alternative safe haven and Gold technicals looked good with a close above the highs of $1244. It was a great year start for Gold as usual. Japanese financial year end in March ----- At the end of the Japanese financial year, which is at the end of March, many Japanese firms look to consolidate the years profits. As Japanese firms move their profits they bring them back home by buying the Japanese Yen. These Yen flows are typically seen in the last couple of weeks into March and end around three days before the end of the month. One of the best times to see these Yen flows coming into the market is around the London Fix. The London Fix starts at around 1600GMT each weekday and this is when a number of FX transactions occur out of London. The characteristic of these transactions at this fixing timing is that they are not run by speculators, but they are normal businesses who are having their money exchanged for purchases and employers etc. In this instance there can be an uptick in JPY buying as Japanese firms repatriate their profits. This JPY repatriation is not necessarily an easy phenomenon to trade, but it still serves to offer some explanation for strange JPY moves into Japanese year end and traders should be particularly aware of trading any JPY pair in the last two weeks of March around the London fix. he January effect There are strong tax and psychological reasons that mean a number of stocks show what is known as 'the January effect'. This is simply reference to a widely anticipated cyclical pattern in stock markets that occurs for a number of reasons. Sometimes, investors are simply closing their profits for the year and some investment firms are wanting to ensure they book their year-end profits and so they close their positions going into November and December. There is also a tax incentive and losing trades can be closed at year end to offset any tax implications of winning trades already booked. The impact seems to be seen most acutely in small caps. One study conducted by the firm Salomon Smith and Barney between 1972 and 2002 found that the stocks of the Russell 2000 index outperformed stocks in the 1000 index during the month of January. The interesting thing to note was that the outperformance was around 0.82%, but the stocks underperformed during the rest of the year. The usefulness of this fact has been questioned by some due to the necessary transaction costs in trying to capitalize on it. However, possessing strong fundamental reasons to purchase a stock at this time means that you potentially benefit from a year-end tail wind. Year-end USD demand starts in November At the end of the year there is demand for USD and typically speaking November is good month for broad USD strength. Over the last 5 years the Bloomberg Dollar Index (BBDXY) has increased +1.6% during November and that increases to +1.8% if you go back over the last 10 years. The conventional wisdom is that USD buying takes place in December, whereas there is greater evidence of USD buying in the month of November as opposed to December. Oil has a very strong year-end effect and it tends to have a period of depreciation at the end of the year. In the month of October Oil prices have fallen 13 times and that general pattern of weakness has often flowed through to the months of November and December. By contrast, the months of February through to April are typically strong seasonal times for Oil. Therefore, traders should be particularly alert as we approach year end for fundamental reasons to short Oil as a strong seasonal pattern may give you a tail wind. Similarly, although this article is about year-end markets, it is worth pointing out that February should be considered for potential long US Oil positions. This year, that trade has already played out well for the month of February as OPEC cut their oil production levels, Venezuelan and Iran sanctions further hit supply and US oil rigs numbers steadily fell. It proved to be an excellent example of a strong seasonal pattern reinforced by good fundamentals. So, there you have it, year-end markets offer opportunities and risks, so look out for these characteristics for the end of 2019.
Education
by GoldenEngine
13
Descending TriangleA descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. Oftentimes, traders watch for a move below the lower support trend line because it suggests that the downward momentum is building and a breakdown is imminent. Once the breakdown occurs, traders enter into short positions and aggressively help push the price of the asset even lower. KEY TAKEAWAYS 1. A descending triangle is a signal for traders to take a short position to accelerate a breakdown. 2. A descending triangle is detectable by drawing trend lines for the highs and lows on a chart. 3. A descending triangle is the counterpart of an ascending triangle, which is another trend line-based chart pattern used by technical analysts.
COINBASE:LTCUSD
by nicotj
Use Moving average for profitMoving Average You can use a moving average for support and resistance, so when the chart pattern will break the upper moving average then that will be the support for the chart pattern. If the chart pattern is testing the upper moving average and its bounces back again and again then that moving average will be your Resistance. You can use moving averages for daily trading plus Swing trades there are different strategies for both. Moving average lengths of 10, 20, 50, 100, and 200 are common. Depending on the investor's timeframe, these lengths may be applied to any chart's time frame (five minutes, daily, weekly, etc.). The "lookback period," also known as the time frame or duration of a moving average, can have a significant impact on its effectiveness. A Moving Average with a short time frame reacts to price fluctuations considerably faster than an MA with a large look-back period. The 20-day moving average closely reflects the real price in the graph below, but the 100-day moving average does not. When moving averages will cross each other than you can buy and sell your trades.
B
by rafay78
Gold: 8 Factors You Must Know, If You Trade Gold8 Factors You Must Know If You Trade Gold Gold has been a favorite of many for centuries. It's used as an investment and holds sentimental value all over the world. Let's take a closer look into some factors that affect these changes: supply & demand dynamics between countries holding large amounts while wanting lower rates so they won't have trouble selling off inventories; economic stability decides whether there'll be. Wh at Moves the Gold Price? There are many reasons plays behind the gold price. Let's discuss some. Supply and Demand Demand and Supply are two forces that constantly affect the price of Gold. When demand for this precious metal increases, its value goes up too. When there's less interest in purchasing or holding onto it, prices will naturally decrease over time due to supply constraints. That means you can buy more at any given moment without worrying about getting stuck paying the total retail cost later. Inflation Gold has been a good hedge against inflation for many years. When prices go up in an economy, people tend to invest their money into Gold and not a currency. Because it's considered stable over time while maintaining its value even when currencies change significantly from one day or year-to-year ranking/rating changes due to economic factors. Such as high unemployment rates, which increase demand by consumers looking for safe-haven assets. Central Banks Decision Gold is typically bought in large amounts by governments and institutions who view it as an essential store for wealth preservation. But this can also mean traders take notice. Central banks worldwide have recently been buying substantial quantities because they want to diversify their reserves away from US dollars which currently make up most international finance markets valued at close to $200 trillion (€170 T). The result has already shown itself, with spot prices rising 6 percent higher than last year despite economic uncertainty following recent hikes on interest rates over America's quantitative easing program. Interest Rates Interest rates are the driving force behind Gold's price movements. When interest rates increase, people sell their assets to earn higher returns on existing investments. At the same time, at other times, they might buy back in if prices have fallen too far for them not to make up that loss with purchasing power today - this increases demand for precious metals like never before. The relationship between these two economic indicators means different things depending upon one another. For example, when there is inflation (worst-case scenario), investors seek out safe-haven currencies such as Gold, which protect wealth against devaluation or hyperinflationary policies imposed by countries worldwide seeking currency stability through international agreements like SDRs. Central Banks Reserve The government holds a large number of gold reserves. Therefore, when most of the Reserve Banks worldwide start to buy Gold more than they sell. The gold prices increase because there will be insufficient supply in the future and vice versa when central banks sell greater quantity than it buys; therefore, these transactions result in currency rates against other currencies. Currency Fluctuations Gold is traded on the international market in US dollars. When you convert your currency from USD to any other currencies during import, it becomes more expensive as the price fluctuates concerning both currencies. Let's compare prices between countries like the United States and Saudi Arabia, where one has a more robust economy than others do. There can be a hike of up to 30 – 50% extra cost for purchasing an item because these economies have been performing better over recent years, meaning they provide higher rates of return that give them power over minting new coins. In contrast, some country's revenue may only last one year before another recession strikes, making importing items not profitable anymore. A co-relation with other asset class Gold is a highly effective portfolio diversification because of its low negative correlation to major asset classes. In addition, when shares fall in companies, there's an inverse relationship shown between Gold and equities. This makes it easy for investors looking at their investments from either side to have peace of mind when they know that one goes down. Then others will likely recover - especially considering how much more stable stocks tend towards being over time than fluctuating prices do. Geopolitical Factors Gold has often been seen as a haven during times of political and geopolitical turmoil. During such periods, Gold does well compared to other asset classes due to an increase in demand from investors who won't keep their money away from unstable markets or currency values that could change at any moment.
TVC:GOLDEducation
by Gold_Trading_Expert
How I predicted TSLAs direction the last two daysOpening range breakout is something that I use daily for almost all of my plays. Its very simple. If the high or the low of the first five minute bar is broken. Take an entry in the way the stoke broke. I have seen soooo much success with this strategy. There is much more that goes into it like stop losses and where to take profits. Those will all be explained in further tutorials. also this strategy is not at all a swing trade strategy, this is purely a day trade strategy that is only used in the morning as the market is opened. I challenge you guys to go through charts yourself and look for opening range breakouts. Also note this works best on the 5 minute chart. Hope you guys see as much success as I do with this very useful strategy!!!
NASDAQ:TSLA
by MindOverMarket
How I made $$ on TSLA todayOpening range breakout is something that I use daily for almost all of my plays. Its very simple. If the high or the low of the first five minute bar is broken. Take an entry in the way the stoke broke. I have seen soooo much success with this strategy. There is much more that goes into it like stop losses and where to take profits. Those will all be explained in further tutorials. also this strategy is not at all a swing trade strategy, this is purely a day trade strategy that is only used in the morning as the market is opened. I challenge you guys to go through charts yourself and look for opening range breakouts. Also note this works best on the 5 minute chart. Hope you guys see as much success as I do with this very useful strategy!!!
NASDAQ:TSLA
by MindOverMarket
LUNAUSDT ANALYSIS DONE BY VICRising wedge now we are waiting for the third touch to complete the pattern So for risky traders entry should be on the third touch While for beginners entry should be on the break below. TP should be the red line below. TAKE NOTE IT'S NOT A FINANCIAL ADVICE. I pushed stop loss upward because price is at the high on bitcoin and bitcoin can make some silly Spike and that might affect LUNA so take note and perhaps bitcoin still look bearish to me
Short
by REAL_CRYPTO_VIC
3
🔆How to recognize the validity of the signal and make a profitHi Guys We are all familiar with the signals posted by different people in Trading View, but the main question is which signals are reliable and which ones are invalid ? In this post, I want to show you the ways to understand the validity of a signal so that you can make a good profit according to the tradingview signals: 1️⃣ REPUTATION: When you enter a person's page, you will see the green part of the reputation at the top of the page, which is announcing to you that: Suffice it to say that reputation is an indicator of trust, driven by how the community responds to users and their posts such as ideas and snapshots. The response is measured in social actions e.g. follows, likes, comments, views, etc. ⚠️Notice: Anyone who has had a great reputation in Trading View is not necessarily a trustworthy person, and we must check his signals in method number 2 to use his signals. 2️⃣Personally check the signal: As you know, when someone posts his analyses in a trading view, he can't change it , and you can see the analysis went well or Not by clicking the play button next to each analysis. ⚠️Notice: But the important point in examining the quality of analyzes is that: If you check 2 or 3 posts in a row, one person may have the wrong analysis in those circumstances, or he may have the correct analysis only in those circumstances. And then your analysis of the person could be wrong. The correct way to identify professional traders is as follows: at First, look at the trades analyses about bitcoin when the bitcoin price was drop if they predicted the btc drop they could be a professional trader. (because only a professional trader can predict the BTC price drop). Check signals at critical market times, for example:(3-6 nov (2021),20-21 jul(2021),13-14 apr(2021),...) 3️⃣Reason for analysis: when anybody share their analyses , Did he specify the reason for his analysis in the chart or did he publish it in the description below? ⚠️Notice: You can assess their credibility by analyzing the charts of traders and the descriptions below. 4️⃣Compare traders' analysis together: After going through the above steps, we may find 4 or 5 reliable traders whose signals can be trusted. In this section, the best thing to do is to check the analysis of these traders together, especially in the case of Bitcoin, which is all traders are constantly publishing their own analysis of Bitcoin chart. 5️⃣You comment number 5.
NASDAQ:AAPLEducation
by seyed_mehdi
KSM/USDT : Cup and Handle formed, $660 is programmed !BINANCE:KSMUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! #KSM has formed a Cup and Handle here, Also there is a breakout on the higher resistance zone. - We had failed breakout earlier but this time might have more proven bullish momentum because of Cup & Handle. 📑 Target of the pattern will be 227 unit growth and it'll give us the minimum target of $660 ( 52% growth ). - Also FIB extension's target on 0.50's level is located near above to $660 ! But what is Cup & Handle and how it works ? 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 is 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. It is worth considering the following when detecting cup and handle patterns: - Length: Generally, cups with longer and more "U" shaped bottoms provide a stronger signal. Avoid cups with a sharp "V" bottoms. - Depth: Ideally, the cup should not be overly deep. Avoid handles that are overly deep also, as handles should form in the top half of the cup pattern. - Volume: Volume should decrease as prices decline and remain lower than average in the base of the bowl; it should then increase when the stock begins to make its move higher, back up to test the previous high. 🔴 On this such charts, You can set your SL below the broken resistance zone as 2-3 candles close to avoid the LOW R:R and possible Stop-Hunts ! Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
28
Weekly outlook for Minor Forex Pairs Hi there! Here you can see my own view on some minor forex Pairs such as GBPAUD EURAUD AUDJPY CADJPY GBPJPY. I use a mix of traditional way of trading with smart money concepts. Please like the video if u like and comment below any suggestions for improvement and share with your friends. This will give me motivation to continue giving a value to people. This is just my view not a financial advice or call to actions. Before taking a trades please make your own analysis.
by Hudondonch