The “Fan Principle” is a powerful techniqueThe “Fan Principle” is a powerful technique in trading, using trendlines to predict price movements.
Highlights
📈 Powerful Technique: The Fan Principle is formidable in technical analysis.
📉 Identifying Points: Drawing trendlines from three key points.
🔴 Trading Signals: Buy or sell signals can be identified depending on the pattern.
📊 Practical Examples: Analyzing price movements on charts to illustrate the technique.
💰 Profit Opportunities: Strategies can result in significant gains, up to 22%.
🛑 Risk Management: Importance of placing stop-losses to protect investments.
🔍 Additional Resources: Detailed information and charts will be shared to deepen understanding.
Key Insights
📈 Technique Effectiveness: The Fan Principle helps identify clear trends using reference points, making the strategy both simple and effective.
📉 Importance of Confirmation: Validating trendlines with a third point builds confidence in trading signals, increasing the chances of success.
🔴 Warning Signals: Sell or buy signals, as shown in the video, can lead to strategic decisions based on historical analysis.
📊 Visual Analysis: Visualizing data on charts helps understand market movements, which is essential for technical analysis.
💰 Profit Potential: Trades based on the Fan Principle can provide significant profit opportunities, highlighting its effectiveness.
🛑 Protection Strategies: Placing stop-losses above resistance points is crucial to limit losses in the event of adverse market movements.
🔍 Access to resources: The information shared in the description and on other platforms offers ways to deepen the understanding of the technique and improve trading skills.
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The fan principle in trading is a strategy that consists of opening several positions on the same asset at different price levels. Here are the main aspects of this approach:
How it works
The idea is to open several positions (or "lots") on the same financial asset at different price levels, thus forming a "fan" of positions.
These positions are opened at points considered as potential market reversals.
The objective is to let these positions unfold like a fan or to close them gradually according to the evolution of the market.
Advantages
Risk diversification: By entering the market at different levels, the trader reduces the impact of a single bad entry.
Movement capture: This approach allows to take advantage of different phases of a price movement.
Flexibility: The trader can adjust his strategy by closing some positions while keeping others open.
Complementary Tools
The fan principle can be combined with other technical analysis tools to improve its effectiveness:
Fibonacci Fan: This tool automatically draws trendlines at key levels (38.2%, 50%, 61.8%) that can serve as entry points for fan positions.
Gann Angles: These lines, drawn at different angles (82.5°, 75°, 71.25°, etc.), can also help identify potential levels to open positions.
RSI (Relative Strength Index): Some traders combine the fan principle with the RSI to confirm entry points.
Important Considerations
This strategy requires good risk management, as it involves opening multiple positions.
It is crucial to set stop-loss and take-profit levels for each position in the range.
Using this approach requires a thorough understanding of the market and significant trading experience.
Fanprinciple
Applying Fan's Principle on XCHANGING!Fan Pattern in NSE:XCHANGING !
3rd Fan Line Breakout in XCHANGING!
XCHANGING SOLUTION Analysis on a Monthly Time Frame!
Analysis:
Hello all, as you can see I have applied the Fan Principle on XCHANGING SOLUTION, It is a type of Multi time frame analysis, Where we can draw multiple trendlines from an All-Time High price point. As per the Fan's Principle, there is a trend reversal When the price breaks the 3rd Fan Line.
Disclaimer = Consider my analysis for Educational Purposes only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
Dogecoin Analyze (Short term, Timeframe 15min, 12/22/2022)!!!🐶Dogecoin was able to make a bullish fan principle pattern.
Dogecoin pulled back to line #3 of the Fan Principal pattern after attacking the resistance zone.
I expect Dogecoin will go up again, at least until the resistance zone and in the next step to the downtrend line.
Dogecoin Analyze (DOGEUSDT) Timeframe 15min⏰ (Log Scale).
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GM ATH Break Weekly Options PlayDescription
Been watching these fans lines play out in accordance with the Fan Principle in general technical analysis, but did not want to enter a position off of them.
Now, off of the third fan break and and ATH break, it seems that the principle has held true, and signaled an end to the intermediate corrective trend.
The break and close over ATH signals a supply exhaustion.
Using long calls.
Long Call
Levels on Chart
SL < 64
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/26 65C
R/R & Breakevens vary on fill.
The long call is placed ATM for higher chance of profit.
Manage Risk
Only invest what you are willing to lose
Bitcoin Analyze (Symmetrical Triangle & Scenarios)!!!Hi everyone, Today I want to talk about Scenarios of Bitcoin that can happen in the next 38 days!!!
Bitcoin Analyze ( BTCUSDT ) Timeframe Daily⏰
after verifying point C, I can say that Bitcoin is running in a Symmetrical Triangle these Months (Probably = one scenario will reject it). this triangle can reject in the next 38days, so I guess that we will see great movement in October (What is your idea, Pump or Dump ?!)
I tried to show you all scenarios that can happen in October, lets check them :
Scenario 1: Bitcoin can make descending channel by lines 1&2 of Pitchfork, and it breaks Support line & zone and our Symmetrical Triangle will reject == Fan Principle's Lines will work
Scenario 2: Bitcoin reaches itself to my point D (at the same time it breaks (Trusty) our resistance zone) and then, it will break important resistance line & zone== Fan Principle's Lines will Fail== New ATH
Scenario 3: Bitcoin reaches itself to my point D (at the same time it breaks (Fake) our resistance zone) and then, it doesn't able to break the resistance line & zone and it will arrive to point E, After that Bitcoin can break Support line & zone and we will see 37000-38000$ at this month Fan Principle's Lines will Fail== New ATH
Scenario 4: Bitcoin reaches itself to my point D (at the same time it breaks (Trusty) our resistance zone) and then, it doesn't able to break the resistance line & zone and it will arrive to point E, After that Bitcoin will attack to important resistance line for the fourth time and breaks it ===Fan Principle's Lines will Fail== New ATH
what is your idea, which scenarios will happen?
Resistance zones & Suppor Zones on Bitcoin's way :
Resistance Zone: 48800$ until 47500$
Support Zone: 41950$ until 41380$
My Suggestion: you can follow my Scenarios. probably my Zones will work and help us👍😉.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
Bitcoin Analyze (Cycles 🔄 + Head and Shoulder Festival)!!!Hi, Today when I was sure about the head and shoulder patten's necking line was broken (Trusty) + when we have 2 new major pivots that we can find new targets for ending this bear rally, I decided to update my last post about Bitcoin (Topic: Bitcoin Analyze (Cycles)!!!🔄== it moved as I expected✅👇).
Bitcoin Analyze ( BTCUSDT ) Timeframe Daily⏰
Location🌊: about the location of Bitcoin, please read my post with the topic ''Bitcoin Analyze_Road Map🗺️(Update)!!!'', this post is running well like my Cycles 😊.
Cycles🔄: we have 4 cycles on my chart, cycles 1&3 are Ascending, cycles 2&4 are Descending. again, I repeat the cycles specifications in this post.
Cycle 1:
Starting price: 29420$
Final price: 64854$
start date: 27 Jan 2021
End date: 14 Apr 2021
Cycle time: 77 days
Price growth: 35612.28$ (121.79%)
Cycle 2:
Starting price: 64854$
Final price: 29278$
start date: 14 Apr 2021
End date: 20 Jul 2021
Cycle time: 97 days
price reduction: -35576$ (-54.86%)
Cycle 3:
Starting price: 29278$
Final price: 52920$
start date: 20 Jul 2021
End date: 7 Sep 2021
Cycle time: 49 days
Price growth: 23642$ (80.75%)
Cycle 4:
Starting price: 52920$
Final price: ❓❓ $
start date: 7 Sep 2021
End date: ❓❓
Cycle time: ❓❓ days
price reduction: ❓❓ $ (❓❓ %)
🎯The aim of this post🎯: finding question marks for Cycle 4.
for finding answers, I tried to check out the times and prices for cycles + I tried to use 2 new major pivots & Head and Shoulder pattern:
Price growth cycle 1/Price growth cycle 3 = 35612.28$/23642$ = 1.5063
Price (percentage) growth cycle 1/Price (percentage) growth cycle 3 = 121.79%/80.75% = 1.508
Cycle time 1/Cycle time 3 = 77 days/ 49 days = 1.5714
From high ratios, we can know that number👉 1.5 👈 can be a key Coefficient for Calculations required for cycle 4. I used from 1.5 for finding a final price, end date, cycle time, and price reduction of Cycle 4.
price reduction: 35576$/ 1.5 = 23717$
price reduction (percentage): -54.86%/1.5 = -36.57%
cycle time : 97 days/1.5 = 64.66 day == 65 day
Final price (1): 35440$ until 33400$, New Zone that I found from 2 new major pivots (Fib Tools) and Head and Shoulder Pattern's Target
Final price (2): 33400$ until 28900$ ➡️ this zone is following my post that I published on Aug 23, topic ''Bitcoin Analyze 🗺️🔥(Counting Waves + Road map+ Long-term)🔥🗺️''
end date: around 11 Nov 2021 ( probably on Nov or Dec 2021) ➡️ these dates are following my post that I published on Aug 23, topic ''Bitcoin Analyze 🗺️🔥(Counting Waves + Road map+ Long-term)🔥🗺️''.
also, I set fan principle on our cycles and I tried to find the degree between lines of fan principles by key Coefficient 🔥1.5🔥, we can follow Bitcoin with this pattern.
The degree between line 1 & line 2 (red lines) = 17°
The degree between line 1 & line 2 (Blue lines) = 17°/1.5 = 11.33°== 11°== this degree worked well, we can see on my chart how did degree work for us 😉.
also, we can see 2 Head and Shoulder Patterns + 1 Reverse Head and Shoulder Pattern that they made our cycle. I guess that for ending this bear rally, we will see another Reverse Head and Shoulder Pattern.
in addition, we have the same Downward trends line's Degree on cycles 2 & 4 on RSI + RSI was able to break Support 👇https://www.tradingview.com/x/GlqlgI5W/
Note: if the price can break my important Downward trend line == my scenario will fail.
❗️Sign❗️: if you remember that when we were at around 36000$, Bitcoin touched 48168$ on BITCOIN / TETHERUS PERPETUAL FUTURES , and finally price arrived itself to this amount, yesterday we saw the same happens, and Bitcoin dropped down from 52000$ to 42800$, probably Bitcoin will arrive at 42850$ again === we saw 42850$ as I expected✅, try to use signs 😎
from this sign, we can find another target for ending this bear rally ==around 38000$ 👇https://www.tradingview.com/x/TlSYiVjK/
My Suggestion: you can follow my lines. probably my lines will work and help us👍😉.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
Bitcoin Analyze (Cycles)!!!🔄Hi, today I decided to speak about similar cycles that can happen on Bitcoin . these cycles are verifying the way of my previous posts.
Bitcoin Analyze ( BTCUSDT ) Timeframe Daily ⏰
Location 🌊: about the location of Bitcoin, please read my post with the topic ''Bitcoin Analyze_Road Map🗺️(Update)!!!''.
Cycles 🔄: we have 4 cycles on my chart, cycles 1&3 are Ascending, cycles 2&4 are Descending.
Cycle 1 :
Starting price: 29420$
Final price: 64854$
start date: 27 Jan 2021
End date: 14 Apr 2021
Cycle time: 77 days
Price growth: 35612.28$ (121.79%)
Cycle 2 :
Starting price: 64854$
Final price: 29278$
start date: 14 Apr 2021
End date: 20 Jul 2021
Cycle time: 97 days
price reduction: -35576$ (-54.86%)
Cycle 3 :
Starting price: 29278$
Final price: 52920$
start date: 20 Jul 2021
End date: 7 Sep 2021
Cycle time: 49 days
Price growth: 23642$ (80.75%)
Cycle 4 :
Starting price: 52920$
Final price: ❓❓ $
start date: 7 Sep 2021
End date: ❓❓
Cycle time: ❓❓ days
price reduction: ❓❓ $ (❓❓ %)
🎯The aim of this post🎯: finding question marks for Cycle 4.
for finding answers, I tried to check out the times and prices for cycles :
Price growth cycle 1/Price growth cycle 3 = 35612.28$/23642$ = 1.5063
Price (percentage) growth cycle 1/Price (percentage) growth cycle 3 = 121.79%/80.75% = 1.508
Cycle time 1/Cycle time 3 = 77 days/ 49 days = 1.5714
From high ratios, we can know that number👉 1.5 👈 can be a key Coefficient for Calculations required for cycle 4. I used from 1.5 for finding a final price, end date, cycle time, and price reduction of Cycle 4.
price reduction : 35576$/ 1.5 = 23717$
price reduction (percentage) : -54.86%/1.5 = -36.57%
cycle time : 97 days/1.5 = 64.66 day == 65 day
f inal price : 33400$ until 28900$ ➡️ this zone is following my post that I published on Aug 23, topic ''Bitcoin Analyze 🗺️🔥(Counting Waves + Road map+ Long-term)🔥🗺️''.
end date : around 11 Nov 2021 ( probably on Nov or Dec 2021) ➡️ these dates are following my post that I published on Aug 23, topic ''Bitcoin Analyze 🗺️🔥(Counting Waves + Road map+ Long-term)🔥🗺️''.
also, I set fan principle on our cycles and I tried to find the degree between lines of fan principles by key Coefficient 🔥 1.5 🔥, we can follow Bitcoin with this pattern.
The degree between line 1 & line 2 (red lines) = 17°
The degree between line 1 & line 2 (Blue lines) = 17°/1.5 = 11.33°== 17°
in addition, we have the same Downward trends line's Degree on cycles 2 & 4 on RSI 👇https://www.tradingview.com/x/FT6TveII/
Note : if the price can break my important Downward trend line == my scenario will fail.
❗️ Sign ❗️: if you remember that when we were at around 36000$, Bitcoin touched 48168$ on BITCOIN / TETHERUS PERPETUAL FUTURES, and finally price arrived itself to this amount, yesterday we saw the same happens, and Bitcoin dropped down from 52000$ to 42800$, probably Bitcoin will arrive at 42850$ again👇https://www.tradingview.com/x/0DMkFLmW
My Suggestion : you can follow my lines. probably my lines will work and help us👍😉.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
Bitcoin Analyze (Setups) 🧐Hi, everyone, today I want to talk about Setups that can happen.
I have to say thanks to all users that respect ideas that are even wrong (Please Respect each other🙏) If you do not like some analyzers, you can unfollow them, but please do not destroy them🙏.
Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰
Location🌊 : if you want to know about counting waves of Bitcoin from 😱2.5$😱 until the end of the Main wave A that you are seeing it on my chart, first you can read my previous post with the topic ''Bitcoin Analyze 🗺️🔥(Counting Waves + Road map+ Long-term)🔥🗺️'', second please read my post with topic ''Bitcoin Analyze (Road Map)!!!🗺️'' too.
Also, you can visit my post with the topic ''Bitcoin Analyze (End of Rally is uploading)!!!⏰'' for knowing more about my Bearish Expanding Triangle.
Live : Bitcoin lost its main uptrend line a few hours ago, it can be a sign for finishing this bullish rally (but better wait to be sure about trusty break), also I was able to find Fan Principle setup that it can be another sign for finishing the bullish rally. if the price can break the Third line of the Fan Principle, we will be more confident of the end of the uptrend, If this happens, the price will close to the lower line of the Bearish Expanding Triangle while we will have Bullish Gartley Harmonic Pattern(Probably, we can visit Point D(It can be a Critical point) of Gartley at TRZ).
RSI : RSI has important resistances in front of itself, and we can see Bearish Deep Crab 🦀 that it is working now, and I think that this bullish rally can finish with a symmetrical triangle on RSI. Daily Timeframe⏰ 👇
In addition: stochastic is showing the end of the movement, Timeframe 4h ⏰👇https://www.tradingview.com/x/QiKHP285/
My Suggestion : if you have Bitcoin, you have to think about taking profit from them Soon/ if you don't have coins, Don't be FOMO, probably time will give you another chance 👍😉.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
Near Trend Started On Neo, Going to correct itself then go upNEOUSDT Analysis
A few hours back crossover of Kijun (Red Line) and Tenken (Blue Line) which gave us a weak sell signal because the price was above the KUMO cloud and then price went into the KUMO cloud which means it is consolidating and another sign was shown when the crossover of cloud happened which has started Red cloud that also means the price is going down. There will be a Strong sell signal if price closes below the KUMO cloud and other signs are not reversed.
The main trendlines that I have plotted in this secondary trend are around 12.250 which is resistance and around 10.78 which is support. There is also one internal trendline that I plotted before which was support now price has penetrated support and support became the resistance. It will have to cross this internal resistance in order to go upward. There are also other resistances like the border of cloud and Redline.
I initiated a short position when price struck my resistance and now the target is major trendline support of the secondary trend which is around 10.8.
AUD/JPY: Swing-Setup! Awesome CHANCE to buy the retracement!Hey tradomaniacs,
welcome to another free signal!
Important: We trade the Pullback! Use as less risk as possible!
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Type: Swingtrade
Buy-Stop: 78,396
Stop-Loss: 78,135
Target 1: 78,70
Target 2: 78,912
-----------------------------
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
DXY: Swing-Setup! Trendchange evidence and CHANCES!#SellHey tradomaniacs,
welcome to another free signal!
Important: Place a Sell-Limit @ Entry to follow the impulse.
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Type: Swingtrade
Sell-Limit: 96,96
Stop-Loss: 97,24
Target 1: 96,55
Target 2: 96,29
-----------------------------
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
Fuel Pump$Fuel is a bomb just waiting to explode. Volume had been building up for the past 3 months. Might be a good time to hedge.
Stop loss at 0.0000011
Not a financial advise!
$AST Big Moves Ahead-Prior Divergence
-Strong Accumulation
-Bullish Fan Chart
-Big room for Growth
-17X from January High
Goodluck!
Old Time Favorite Looks Good! $NAV-Bullish Divergence
-Bullish Fan Chart Breakout
-8X from January High
-Forming Bump and Run Formation (3X current price to confirm the pattern)
Stoploss at 0.000028
Not a financial advise!
Goodluck
Party! Party! Counterparty -Prior Bullish Divergence
-Third line breakout, Fan Principle Pattern
-a forming Inverted Bump and run
-10x from January High
1st Target- 0.001
Stop Loss- 0.00035
Goodluck!