Harmonic Patterns
Beautiful Gartley and a drop of more of 2,000 pips (Backtesting)Waoh, I see a Gartley armonic pattern, it's so beautiful and gave a drop of 2372 pips in 483 days, approximattely half one year. And then, it's my monthly technical analysis, you can to see how I make my technical analysis just dislodging the view further away.
Dollar interest rate cut by 50 basis points.Dollar interest rate cut by 50 basis points. 2020.március.18. www.cmegroup.com My analysis charts the market expectations of a dollar cut in interest rates. The reason I like to use the US02Y chart is because it gives you a much clearer idea of what the market is doing. With a fractal analysis, the future movement of the interest rate path becomes foreseeable in weeks. CME TOOLS also confirms my chart analysis as a percentage. What do I expect? The market continues to move ahead with interest rate cut expectations. Market expectations could reach 0.6% for the FED Open Market Committee meeting on March 18. Of course, the Fed cuts interest rates by 50 basis points. Up to this point, the dollar will weaken. EURUSD is rising. Then there is relaxation. The dollar can gain a lot of strength. But this will apparently be temporary. Because the market is once again taking out the "original lesson" and playing for further interest cuts. From here on, the situation may be more interesting, but later ........
Bist 100 Ayı Gartley , Bearish GartleyBist 100 ,15 dakikalık grafikte Bearish Gartley formasyonu oluyor gibi gözüküyor,bu çalışmalarda yeniyim,grafik eğitim amaçlıdır,yatırım tavsiyesi değildir.
Eğer tespitim doğru ise ve formasyon normal kanalında devam eder ise 109.200 lere kadar bir çıkış ve sonrasında 100.000 altı bir senaryo olabilir.
Bu teknik analiz tabi ülkemizde olabilecek ani haber akışları ile tamamen değişebilir.Böyle bir durumda formasyon tamamen geçersiz olacaktır
BTT descreptionHello to all traders. After an almost +150% from mid December , BTT tried to cover, some of its investors' expectations.We are out from downtrend channel (from the birth of this coin ) and we facing it again, in a couple of days. This creates a great opportunity to confirm the upward trend.Why I say this? The outer line of the descending channel now act as resistant ,50% fib retracement from recent high, and a golden cross, in
formation (and all these coincide), is enough to take us to the next wave up. BUT the problem is the lack of volume. As you can see on chart ,the increasing price , is not in line with the reduced volume . So be careful ..
(at the time I was writing the text, rejected the chanel violation). GOOD LUCK FRIENDS
XAUUSD Don't jump on a speeding train.XAUUSD Don't jump on a speeding train. I will try to explain the dangers of trading in an accelerating exchange rate. The graph (not analysis) shows how the daily correction distance changes as time progresses. The daily adjustment bar may not be met within a day. It may take 2-3 days. But the point is as follows. The width of the correction bands is given by the difference of the extreme value ATRs. This is also a measure of volatility. Here, I clarify. Volatility is an exchange rate fluctuation that occurs. The extreme value ATR is a "predictive volatility" value. So, if panic breaks out in the gold market, the price will move up to levels (in this case, gold) in terms of predictive volatility. The higher we go, the higher this value. Let's first look at when the predictive volatility is small 21usd wide the correction band later it can increase to 48usd. These have a stop distance (especially for devices purchased at the top of the bar, which are difficult to scale). Therefore, ALWAYS WAIT FOR CORRECTIONS upon entry. In order not to buy any full correction band. Late entrants lose a tremendous amount in a trend reversal.
Support/Resistance line and Breakout System Hello friends, this is ProSystem, founder of Deep Project Team. Today's tutorial, you can learn about 2 important lessons; S/R line and Breakout system and you can also study about moving averages and harmonic pattern. Today, in EUR USD, the market is falling beautifully from 1.12440 to 1.08280. The price was already breakout 1.08280 line. According to technical analysis, this is a sign of continuing falling. It can go to still 1.05120. And if we see signal there, the price may reverse by completing harmonic pattern.
Care everything, have discipline, but don't worry. Learn with us, we love to help everyone who loves forex. We hope you'll enjoy the tutorial, please support us with like, comment and following us. See you next week. 😊
AUDUSD - Short DiscussionI thought this was an interesting lesson in "Fractality" of markets. The idea that patterns exist within patterns. The "Fractal" nature of markets. If you examine a snowflake is it made up of smaller versions of itself, much like a head of broccoli, you pluck off a small piece that is simply a small version of the larger one - enter fractals.
I have included 4 charts here: daily, 4 hour, hourly and a monthly. Same broker feed and currency pair.
I am in this Aussie short and have structured my trades to take advantage of a drop and then a longer term swing to the downside. I have a couple take profit points where the trade is free to run securing profits (if I'm correct) all the way down.
Daily: I have posted my idea already, I'm short, on open it gapped down but we will see.
4 Hour: You can see another head & shoulders pattern within the daily arrangement.
1 Hour: you can see yet another Head & Shoulders pattern with price swiftly dropping below neckline, guessing a retest and to drop away.
Monthly: I included because I see a bearish flag developing...more so just a chat about downside on this one plus I see the further take profit areas will be in the weeks till these trades mature.
Let me know what you think as I try to only pick patterns that are less "subjective" and leaning toward objective...this whole game is quite subjective...open to discussion.
Seeing ALL of these charts are below their 200 EMA's - that is a notable fact.