Harmonic Patterns
Bearish Engulfing Pattern | AUDUSDThe Bearish Engulfing pattern consists of two candles. First one is a small upward candle followed by large bearish candle. The bearish candle must absorbs completely the previous one formed during the uptrend. The bearish candle is not required to cover the shadows of bullish candle.
Requirements for validity:
1. Market in uptrend;
2. Small bullish candle;
3. Second one is large and bearish that compleately cover the bullishcandle.
Tips:
These are standard trading rules. There are many more specifics about order placement that I will reveal in the next posts!
1. Do not trade by candlestick analysis only!
2. Always do combine at least two or more analysis!
3. For example:
- trend analysis (always works);
- support & resistance analysis;
- Fibonacci.
4. Follow us for more tips and analysis!
Recommendations:
Confirmation in the form of a downward candle with a closing price lower than the previous one or a downward gap is recommended, to be sure that the trend is reversing!
BTC ScalpingAfter searching through Tradingview ideas on how to scalp i took all i learned and put it all into this layout. Let me know what you think~
Easy way to Scalp BTCThis is the way I scalp BTC, Let me know what you think and if you have a way that may help let me know now. post a comment
☝ Robert Kiyosaki, says that the fake money will soon disappear 📖 The author of the bestseller "fake", Robert Kiyosaki, examines the current situation in our not calm financial world, and also gives some wise practical advice. He recommends that you buy "God's money" for insurance — gold, in bars and coins, and do it outside the financial and banking system. ⠀
Robert lists the main reasons why holds real gold and silver:⠀
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1) Trust. Robert doesn't trust fake money that is printed without restriction.⠀
2) Insurance. Real gold and silver are not investments, but insurance against "elite games"⠀
3) Controlled risks. You are confident in your government, and in your Bank, what does history tell us about this?⠀
4) Availability. In our time, you can buy gold and silver in the public domain.⠀
5) Simplicity. The elite turned simple things into complex ones. With gold, everything is easier.⠀
6) Real money. They meet all the criteria for non-fake money.⠀
7) Cheaper than mining. Coins and bullion are easier to buy than to mine through companies.⠀
8) Gold — "money of God". Although many are skeptical about this item, yet those who believe in it, it works.⠀
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💰 Time of course will tell what will happen, but just in case, bought a few bars and coins.⠀
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And you keep the money in coins and precious metals? Do you think that gold has the magic power to attract more gold?
Para estudos, possibilidadesum pouco de elliot e duas possiveis formações de padrões harmonicos sinalzando a então onda 3 que sugere uma leve correção sendo a onda 4, para então retornarmos a alta na 5, formando então um outro padrão harmonico que sugere novamente uma correção maior
NASDAQ - NEW ALL TIME HIGHS ( NOW WHAT ) This is a simple illustration of how I trade and where I think Nasdaq is going and why. Use this to assist your thought process
predict GOLD base on SP500exactly 1H candle after upward of sp500
that means washington good news for improvment economy
the gold decrease!!!
"bread and circuses" or "labor and effort"? What do you choose?👁 Not so long ago, I came across an interesting article about Mikhail Titov, the author of the channel "about investments". In his videos, he was not lazy, and collected an archive of economic news releases for almost every day, starting from September 18, 2007 and ending on may 27, 2009. Next to it, he put a chart of the S&P500 index for each of these days. It turned out to be quite a boring video, with a total duration of more than 10 hours, but ... this video helped me personally generate a lot of interesting ideas, and refrain from hasty actions. But the most interesting thing was that it got a maximum of 20,000 views (twenty thousand). While another, more "useful" in my opinion, video about adult men who hit each other in the face with their palms has gained 20,000 views (twenty million!) "Stone faces, Hach's diary.
🏋️♂️ It turns out that information that can bring you profit, or at least help you save your capital is less interesting than entertaining and useless time spent? Okay, let's say it was really difficult and boring to watch. But do you think that if Mikhail Titov had shortened his video 100 times and left only the conclusions and the most interesting ideas, that the video would have been no more than 15 minutes long, as in "Hach's Diary", do you think something would have changed? I don't think so, and I've learned that from my own experience.
✍ This is from the beginning of may 2020 I began to publish articles on one of the sites where you can see the statistics of hits. I shared my trading ideas, which were published in advance and could bring a good profit. But I noticed that articles about the failures of other managers, or reviews of books, gained at least 10 times more views. Personally, I have made conclusions for myself, but as for you? Do you think that articles and videos of a successful trader can be more popular than articles and videos from entertainment channels?
As usual, links at the end, or in the comments, that would not delete the post (not everywhere possible).
NASDAQ - ON NFP- THOUGHTSThis view is more of a confirmation of my analysis for the week, I am waiting for the end of day to be able to tell where price will be going next but as a day trader, there often something to trade. Price tested a new high and could be looking at forming a new high low before a higher high.
Cup And Handle ☕️ 🦐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.
NDX 100 "Infamous Classic V Bottom Formation"Nasdaq 100 (NDX) has traced out a
Classic V Bottom Technical Formation,
plunging at a 45 degree straight down angle to the March bottom @ 6837,
and then, remarkably rallying straight back up the pattern closing today at 9598,
within distance of the all time high @ 9736, achieved on Feb.19,2020.
That defines the V Bottom Pattern.
I have traded the Nasdaq 100, off and on for the last 5 years,
since the "Micro Crash bottom in NDX at 3787, in August 2015.
The lesson to be learned is The V Bottom Formation is a classic retracement rally formation in NDX,
that has "repeatedly"and badly burned shorts, who attempted to short the technical breakdown,
only to the the pattern boomerang and blow up in their faces.
Key components in the iindex are the glamour and best technology stocks in the US,
with the 5 FANG stocks,
Apple, Amazon, Google, Facebook, and Netflix making up 25 % of the Index by themselves.
The moral of this exercise is quite simple.
Those traders who live by the sword, often die by the sword. And often substantially.
Short traders should take careful note, of this classic Nasdaq 100 reversal chart "phenomena "
THE_UNWIND
6/1/20
NEW YORK
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Reliance Industries - Just for educational purposePositional Trade
Just for education purposes.
Combined Elliot wave with harmonic
Let's see how it performs.
Sell Below 1560
Target 1200
Stop Loss - 1600
CADJPY Adam and Eve 👫Adam is a term that describes how the bottom looks, in this case, a narrow, pointed bottom, perhaps with a one-day downward spike. Eve bottoms are more rounded looking and wider. If they have spikes, they tend to be more numerous and shorter. Many times the difference between Adam and Eve is the width of each over their entire height. Adam bottoms tend to remain narrow but Eve bottoms widen over their height. When trying to decide which is which, ask yourself if the two bottoms appear different or similar. With Adam & Eve, the two should look different (the first narrow and the second wide).
Interesting price action for Cardano (ADA)Hi guys,
I have seen that Cardano just breakout the descending wedge which have been formed since the last july 2018.
On the other hand, there is a big green candle just after the breakout of the resistence on the weekly MA 50. I expect that if we don't see a high sell presure, this green big candle will close as a big green as a Green Candlestick .
Other interesting point is the fractal that I have observed in the altcoins market cap which might mean a reversal trend of this last bear market:
Finally, we can see how Cardano made a higher high and higher low. This is a clear reversal trendline and it is the fist time that we can see this pattern since we began the bear market.
All this ingredients make me think that Cardano is likely starting the new bull market.
The first target that I expect after the breakout of the falling wedge is at 0.21$
This is not an investment advice.
BANK NIFTY - HEAD & SHOULDERS PATTERN IN THE MAKING???IS THE BANK NIFTY HEADING FOR A DOWN FALL , UNABLE TO BREACH ITS HIGH AS IT USED TO DO SINCE 2017.
ARE WE GOING TO SEE A GREAT FALL TILL 24000... - TIME HAS TO TELL!!!:)
CHEERS
P.S - ONLY FOR EDUCATIONAL PURPOSE!!
The Basics of a CandleStick (for Beginners)Candlesticks represent where price action opens and closes in a given time period.For example, when looking at a 1HR timeframe, each candle will represent 1HR of price action and also show where the opening and closing price of that hour was.
Green candles show buy pressure
Red candles show sell pressure.
The larger the candle, the more variance in price action.
Wicks are the thinner lines above and below candles that show where highs and lows of price action has reached during the timeframe of a candle.
Wicks on the upside represent the highest price it was traded for during that time.
Wicks on the downside represent the lowest price it was traded for during that time.
Keep in mind that these wicks can be on both the upside and downside of a candle at the same time.
Remember, the top wick is the highest the price was traded at, the bottom wick is the lowest that it was traded at.
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The Basics of a CandleStick (for Beginners)
