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Impulse

Binance Coin Look out for bullish reversal price action Hi traders: BNB also caught my eye for the potential up move. We can see after price initially made the bearish move down, it begin to form a bigger correctional structure. As we can see price is getting squeeze into this triangle/pennant like structure, with a few swing highs and lows. What is important here is to determine is is going to be a continuation correction to go lower, or a reversal correction to go higher ? To me, what I like about the price development is that we are seeing some LTF bullish impulse phase, breaking above the HTF structure. The last confirmation would be to look for lower time frames bullish continuation correction to confirm the move up, at least to the previous swing highs area. Thank you
BINANCE:BNBUSDLong
by jojofang0901
36
Weekly Trading Recap: EURUSD, USDJPY, ETH, EURAUD July 31 2021Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades entered/closed this week from me. I will explain my approach on the entry, SL, TP and management. EURUSD: Running about +0.5% profit Full analysis/forecast: USDJPY: Out for +0.51% profit Full analysis/forecast: ETHEREUM: Out for BE Full analysis/forecast: EURAUD: 1% loss Full analysis/forecast: Any questions, comments or feedback please let me know. :)
by jojofang0901
21
Cluster + Earnings on TeslaClose to earnings, TSLA is sitting on a very good cluster. It's not just the nice 1:2.6 consolidation, TSLA is also hitting the MA 200,100,50,20, Fib 50, tight BBs looks good to me. The chance of a new bullish move is probably high if we get new momentum after earnings. If i see more then 1 rel. volume i like the trade more. Looking at the weekly view, we can also see that the 50 and 20 weekly MAs are close. I would watch the breakout first and then maybe wait for a retest. But let's wait and see what happens. SL: I think the half ATR below the $600 key level should be fine and 10% below the last ATH could be a realistic target
NASDAQ:TSLALong
by Lazytrader87
NZDUSD Bullish Outlook, Dont Miss the buyHi everyone Similar like my previous analysis on DXY and EURUSD, I also see strong bullish opportunities on NZDUSD. We can see price made a strong bullish impulse on the HTF, and begin to form into a deeper correction. Price made a few swing highs and lows to form the bigger HTF structure. The LTF in addition is also forming bullish price action. We see a descending channel, correctively move down to a double bottoms, and a strong bullish reversal up on the LTF. Now that price manages to break out of the LTF descending channel, expecting more bullish continuation correction to form and push the price up to the top of the HTF structure.
Long
by jojofang0901
16
NIKE Expect Further Bullish Upside Hi everyone: NIKE has been on my long term investment since the Covid recovery price action, and still looking clean for further up move. We can see the overall price has been in a bullish up trend since the Covid drop. Price was able to have a bullish reversal impulse up, breaking above all time highs, and formed continuation correction, which is where I got in. For me, equites are mostly for investment purposes and not day trading them, hence I can comfortably holding the shares for any deeper corrections. Latest price had a strong bullish breakout from the HTF correction, good indication for further upside potential. What I would wait for is a lower time frame continuation correction to develop, that will give us one final confirmation for the next buy move
NYSE:NKELong
by jojofang0901
34
Will the USD lose its momentum ? Bearish Reversal Price Action Hi traders: Looking at DXY here to get a better picture of how the USD may develop into the next few weeks. We can see from the previous descending channel and my outlook, we have a strong bullish impulse, reversal from the descending channel. After the strong bullish up move, price begin to form into another correctional structure. This time its getting squeeze into a potential rising wedge. As we know these type of price action structures are best with its pair with other bearish confluences. We see a potential double tops as well. Be on the look out for how the price will approach the tops, look for lower time frame bearish reversal price action to confirm the downside potential. Price may continue to correct upwards, so be patient and don't jump the gun. Wait for clear bearish impulse follow by continuation would be the best. thank you
TVC:DXYShort
by jojofang0901
32
Turning point for the USD ? Watch for bullish reversals. Hi everyone: Similar like my DXY outlook of the overall USD price action, we can expect the move to be very similar on EURUSD in the up coming days. What we are seeing here is a nice HTF bullish structure now with few swing highs and lows to give us a bullish bias point of view. LTF development is showing us a sign of a bullish reversal price action. A nice falling wedge/descending structure is hitting close to a down bottoms, and a LTF impulsively break up. Now, all we need now is a bullish continuation correction to develop and that will give us the last confirmation for the buy potential to the previous swing highs. Thank you
Long
by jojofang0901
44
Looking at the Russel 2000 index. Some over analysis. I get so many strategies colliding into each other I end up with no clear trade signals. Something that I can't do very well, but I can at least talk about, is the need to take a very simple strategy, then apply fine tuning onto it. When I am rushing into trades (because I want to get it over with) I take several major strategies and collide them. This yields a very messy concentrate. I then tend towards looking for channels and triangles. The market is an efficiency machine. If you are wondering why the market is behaving in a way you can always start again safely at that conclusion. The market is an efficiency machine, nothing more, nothing less. Then build your extrapolations from there. This will ensure your construction is on solid ground.
CME_MINI:RTYU2021
by emehoke
BTC Price Action Outlook, Think about the 2 possibilitiesHello everyone: Most of the crypto had some strong bullish price action last couple days, and many are looking to buy and hold for long terms. While this is certainly a possibility, let me give a 2 possible outlook on the current price action, and explain why this is the time to be extra patient here and observe the price. The bullish outlook, as most people are expected to happen, is looking great as the current price action structure is a descending structure, and a strong bullish impulse phase up. Naturally we would want to see further LTF continuation corrections, and the most important part is to break above the previous swing highs, and continue higher with further bullish continuation corrections. However, we should also consider the HTF overall price action, and the possibilities of a bearish continuation correction. The bearish impulse phase, can still leads to a bearish continuation correction to push the price lower. So understand that price can make a move up, but hitting the previous highs, and begin a LTF reversal price action, and creating a bigger bearish structure for the downside move. Ideally we all want to see the bullish move to continue and expect further bullish impulse phases on the LTF to push the price higher, but also understand what is possible from the price as well so we don't "marry" our analysis. Always have different possible scenarios. Thank you
BITSTAMP:BTCUSD
by jojofang0901
35
ETHEREUM Bullish Short Term Price Action Hi traders: Also looking at ETH for the short term up move. WE can see that price manages to move down correctively once again in a descending structure, hitting a double bottom. The HTF structure is looking to complete with a few swing highs and lows. Latest price on the LTF has a strong impulse move breaking out of the descending structure. Look out for a bullish continuation correction, inverse H and S pattern to get in the buy entry. If price can break out of the HTF structure, then expect further continuations to the next top Thank you
BITSTAMP:ETHUSDLong
by jojofang0901
34
Weekly Trading Recap NASDAQ, USDJPY, CHFJPY, EURAUD July 24 2021Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades entered/closed this week from me. I will explain my approach on the entry, SL, TP and management. NASDAQ: +1.83% Full analysis/forecast: USDJPY: +1.50% Full analysis/forecast: CHFJPY: +1.60% Full analysis/forecast: EURAUD: -1.00% Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you
OANDA:NAS100USD
by jojofang0901
26
Continuation & Reversal Correction in price action structures In-depth look at Continuation & Reversal Correction in price action structures/patterns Hi everyone: Today I want to revisit the fundamental aspect of trading impulsive and corrective phases in Price Action Analysis. As you all know I focus on multi-time frame analysis and forecasting/anticipating the next impulsive move in the market. To me, the most important part of identifying the next impulsive phase of the market, is to understand how correction works. An impulse phase usually happens after a correction has finished correcting, so the key is to identify and understand how a corrections structure will complete so we anticipate the next impulsive move. You may have seen my videos on this topic, but today I will go more in detail on this, and explain the 2 types of correctional structure the market can create. The market can only be in 2 phases, impulsive phrase or corrective phrase. In addition, the corrective phrase can only be continuation, or reversal. So to fully have an edge in the market, is to understand what the correctional structure the price is currently making, whether a continuation/reversal, then forecast the possible price outlook, and go down to the lower time frames for possible entries. Now, it's important to understand that different traders/strategies/styles will call these patterns/structures in varies names. What they are called or identify isn't important, but the important aspect is to understand whether they are continuation, or they are reversal. In addition, simply seeing price action structures/patterns by itself, is not a good enough entry criteria for me. You want to combine multi- time frame analysis, top-down approach, and with multiples of these price actions all happening so it adds extra confluence for you to enter a particular trade. Seeing a H and S pattern, on a 5 minute chart, without considering the overall HTF and other factors, will not be a consistent move in the long run. Continuation Correctional Structure/Pattern Bullish/Bearish Flag Bullish/Bearish Pennant Parallel Channel Reversal Correctional Structure/Pattern Ascending/Descending Channel Rising/Falling Wedge Double Top/Bottom Head & Shoulder Pattern/Inverse H and S “M” and “W” style pattern Reversal Impulse Price Action I will forward all the price action structures/patterns videos I have made in the past to help you understand each of the structures more. Impulse VS Correction Multi-time frame analysis Identify a correction for the next impulse move in price action analysis Continuation Bull/Bear Flag Parallel Channel (Horizontal, Ascending, Descending) Reversal Ascending/Descending Channel Reversal Double Top/Bottom Reversal Head & Shoulder Pattern Reversal “M” and “W” style pattern Reversal Impulse Price Action Continuation/Reversal Expanding Structure/Pattern Any questions, comments or feedback please let me know. :) Thank you Jojo
Education
by jojofang0901
40
CHFJPY Look for bearish continuation price action Hi traders Also looking at most of the JPY pairs for potential sell continuations. From the top of the overall price action, we had the strong bearish impulse down, followed by a consolidation period. Naturally we know price needs to correct after a strong move, and we are seeing some good price development here on the lower time frame. With a few swing highs and lows, we can reasonably expect a potential finish of the correction. Watch for some lower time frame bearish impulse phase to begin, and look for the sell entries. If price can breakout of the HTF ascending channel, then expect further continuation correction and add to the sell. thank you
Short
by jojofang0901
36
DOW JONES Watch for reversal bearish price action Hi traders: Last week we saw some bearish price on the lower time frames on the indices market, and this week would be nice to see further downside to confirm the higher time frame bearish outlook. Here on DOW JONES, a larger, deeper correction is formed. We see a clear double tops in the marking, and on the LTF there is a potential of a reversal correction. What I would like to see price this week is a confirmed push down on the LTF, forming any small continuation correction along the way, and break previous recent swing lows. Once price does indeed do that, then expecting the HTF correction to at least complete to push down the price to the bottom of the structure, and re-evaluate to see if we are going to see further breakdown, or a possible bullish reversal from the bottom. Thank you
OANDA:US30USDShort
by jojofang0901
24
EURCHF Bottom of structure, watch for bullish reversal Hi traders: EURCHF is once again at the bottom of its current continuation flag correction, and we can be on the look out for some bullish reversal in the lower time frame. Latest price had a move down to the bottom of the HTF structure, but is currently consolidating. Possible to form bullish reversal price action correction. I will be patient and wait for confirmation from the price, a strong LTF impulse up breaking above the current descending structure and LTF continuation correction to get in the buy. Alternative price may continue its descending correction, so no rush here until we see the breakout and continuation price action Thank you
Long
by jojofang0901
47
Weekly Trading Recap: NASDAQ, USDJPY, CHFJPY July 17th 2021Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades entered/closed this week from me. I will explain my approach on the entry, SL, TP and management. NASDAQ: Running about +1% Full analysis/forecast: USDJPY: Running about BE Full analysis/forecast: CHFJPY: Running about BE Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you Jojo
by jojofang0901
25
NASDAQ Watch for Bearish Reversal Price Action for Sell Hi traders: NASDAQ is looking great for potential bearish reversal opportunities. We can see very clean price action currently with a ascending channel correctively move up to the top of the HTF parallel channel structure. As we know the ascending channel structures are good bearish reversal price action structures/patterns, its good indication that both the HTF and LTF are aligning up for the possible reversal. Watch for the price to have a sharp breakout, follow by LTF continuation correction to get in on the sell. Alternatively since price hasn't breakout yet, correctively moving up is still possible, so be patient and wait for the setup to form and complete before entering, Thank you
OANDA:NAS100USDShort
by jojofang0901
31