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Impulse

GBPJPY Look for continuation sell Hello traders: Most JPY pairs are also showing some bearish price action and GBPJPY looks the cleanest for me. We see the previous sell setup from the top of a double tops, "M" style pattern, and then price falls into an expanding correction. WE can start to see a HTF Head and Shoulder as well. As we know expanding type of correction can be more advance, so I am patently waiting for further confirmation form the price. Preferably we get a LTF continuation correction within the expanding structure and that can lead into the next bearish impulse phrase from the market. Alternatively, if price just breaks out of the expanding structure and as usual look for continuation correction after. Thank you
Short
by jojofang0901
38
SPX Is It Ready for the drop ? Hello everyone: Also looking at most of the US indices, and SPX500 is looking very clean for a strong bearish reversal from the top. We can see price has been in this larger, HTF correction phrase, continue to correct the price up. As we can see from the latest price, LTF ascending channel at the top of the overall price action is a good indication for the bearish reversal. Now that price has broken out of the ascending channel, wait for confirmation of a LTF continuation correction would be best to enter a sell. Thank you
OANDA:SPX500USDShort
by jojofang0901
30
a Tip about reading VolumeHow to read volume in your stock: General concept: - You want to see volume increase on impulses and volume decrease on corrections Volume analysis: A: Price is moving up, volume is increasing - as should be. B: Price is correcting, volume is decreasing - as should be. C: Price is moving up, volume is increasing - as should be, BUT the large volume is not pushing forward and the price is starting to correct - Red flag. D: Price is correcting, volume is decreasing - as should be. E: Price is keeping correcting further, volume is increasing on deep correction after breaking local low!!! (not as should be) + HUGE amount of volume greater than volume peaks 1 and 2 =====>>>> we are about to go into a large correction! Large correction = deep or lengthy... but it doesn't tell you which one... maybe both, it is just telling you correction about to happen... F: Large correction is happening, volume is decreasing. EXTRA ANALYSIS: Remember that the market is fractal, so this pattern repeats itself on different structures. - From point A to E you have an impulse on increasing volume. From point E to F you have a correction on decreasing volume (Bigger time frame). - From point A to 1 to B there is an impulse and correction volume pattern, as stated above on the lower time frame: A is an impulse with increasing volume 1 is like point E - volume on the RED day is greater than the Green day or any previous days on the rise. B is a correction on decreasing volume The whole concept of volume analysis is to help the trader be more in tune with the market cycle... So you will know when you are in a correction, and when you are in impulse. Knowing this will help you HOLD ON, when you need to, or TAKE PROFIT when you have signs that correction is happening. If you like it, follow and like this idea so it will save on your saved ideas for future reference.
PEducation
by ZoharCho
11
Elliott Wave: a potential Wave 3 or Wave C in TeslaThe price of Tesla ( NASDAQ:TSLA ) had been going down in a 5 waves manner, which was followed by a double zigzag correction, implying the next possible move will be another 5 waves decline The only 2 possible patterns which can be formed in 5-3-5 are either an impulse (5-3-5-3-5) or a zigzag (5-3-5) Therefore we can set two targets for this trade (or just separate as 2 trades) For the first one, assuming we enter a short at $713, the stop loss will be $780.72 (above the end of wave b), the take profit will be $467.96 (assuming wave c = wave a), which give us a 1:3.6 risk/reward ratio For the second one, the take profit will be $341.07 (assuming wave c = 1.618 x wave a), which give us a 1:5.4 risk/reward ratio P.S. my analysis was done in log scale
NASDAQ:TSLAShort
by wivanz
14
Weekly Trading Recap: LTCUSD, XLMUSD, BNBUSD, GBPCHF Apr 17 2021Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the positions that closed down this week. I will explain my approach on the entry, SL, TP and management. Litecoin (LTCUSD) - Running about 2% profit Full analysis/forecast: Stellar (XLMUSD) - Running about 2.5% profit Full analysis/forecast: Binance Coin (BNBUSD) - closed down for +9.5% profit Full analysis/forecast GBPCHF - Closed down for +0.5% profit Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you Jojo
BITSTAMP:LTCUSD
by jojofang0901
49
XLMUSD Look for the all time high Hi traders: Similar like Ripple, I can see the strong bullish price action on Stellar. Price managed to break out of the HTF correctional phase, and a strong bullish LTF impulse to push up. We are seeing yet another continuation correction in the making, good indication for further upside once correction completes. I would wait for either a breakout right away from the current correction, and LTF smaller corrections to scale in more, or wait for a bigger consolidation to form and complete and look for the next up move from there. Thank you
BINANCE:XLMUSDLong
by jojofang0901
36
Ripple Next Target All Time High Hi everyone: Ripple has almost triple its price since it broke out of the HTF continuation correction in the beginning of April. Such a strong bullish impulse move, naturally we know there will be correction in the market. The key here is to identify whether the current correction will be enough for the next move up, or a deeper correction is needed before the resume of the bullish trend. Either way, I expect we can get another buy opportunity to the all time high area, and see if price can break above it and continue higher. Thank you
BITSTAMP:XRPUSDLong
by jojofang0901
24
LINKUSD Look for continuation buysHello everyone: LINK has also formed a deep, continuation correction on the LTF to give us a positive confluence to look for buy. We see price has made a strong bullish impulse up from previous correction, and begin to form another pennant /expanding structure. This is a good indication that we can expect price to resume its bullish move after the correction is finished. Wait for price to consolidate more if it needs to, and wait for breakout follow by continuation correction to buy. thank you
COINBASE:LINKUSDLong
by jojofang0901
34
ATOM Ready for the next bullish move ? Hello traders: Similar like Binance Coin price action, we see here on ATOMUSD is also in a larger consolidation correction, and could lead into the next bullish impulsive phrase. We can see price has already made a strong move to the upside, and naturally we can expect a deeper continuation correction. We see there are a few swing highs and lows, and nice price is at the top of the structure now. Even though I am expecting the bullish move to continue, I will wait for either a confirm breakout from the price and LTF continuation or Price may make another corrective move down to the bottom of the structure and then the reversal up move. Thank you
KRAKEN:ATOMUSDLong
by jojofang0901
36
EURUSD - SHORT ENTRY PRICE - 1.18990Consider the option of EURUSD leaving the uptrend channel. The main volume is concentrated so far @ 1.18700. A strong impulse is needed to break through this level. EURUSD - SHORT ENTRY PRICE - 1.18990 SL - 1.19280 TP - 1.18230 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3. Never over-leverage your account. 4. Accept your losses, move on to the next trade and trust the software. 5. Make realistic goals that can be achieved within reason. 6. Always trade with money you can afford to lose. Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Short
by Profit_Trader
How to identify a correction for the next impulse move ? How to identify if a correction is finished/completed and ready for the next impulse move ? Hello everyone: In this educational video I will go over how to properly identify a correction in price action analysis. I recently made a price action workshop live stream video that went over everything on impulse - correction, structures/patterns, continuation and reversal corrections, but I still get a lot of questions on identifying corrections itself. How to draw, use the trendlines to identify a correction, and how to understand they are going to complete/finish. In my opinion this is the most important part in technical analysis. We need to understand that the market moves in phrases, it can only be in the impulsive phrase or corrective phrase. The key to trading is to understand when a correction finishes, we are going to get the impulsive phrase which will give us traders a better edge in the market to enter, where the momentum is strong. I have made many educational posts on price action analysis, specifically on continuation or reversal correction, which I will put the links below. Any questions, comments, or feedback welcome to let me know. Thank you Jojo Price Action Workshop www.tradingview.com Impulse VS Correction Continuation and Reversal Correction Multi-time frame analysis Continuation Bull/Bear Flag Reversal Ascending/Descending Channel Reversal Double Top/Bottom Reversal Head & Shoulder Pattern Reversal “M” and “W” style pattern Reversal Impulse Price Action Expanding Structure/Pattern
BINANCE:BNBUSDEducation
by jojofang0901
62
LITECOIN Next Bullish move up Hi traders: LTC is shaping up to be a good bullish continuation buy. We see price has already moved up quite impulsively in the latest price action. After the LTF impulsive from my previous analysis, price begin to form a deeper, expanding type of structure. Latest price has shown a descending channel within the larger expanding continuation correction, and we have a confirmed breakout. Look for LTF continuation correction to get in on this next bullish buy potential. thank you
BITSTAMP:LTCUSDLong
by jojofang0901
23
Weekly Trading Recap: BNBUSD, GBPJPY, GBPUSD, XLMUSD, Apr10 2021Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the positions that closed down this week. I will explain my approach on the entry, SL, TP and management. Binance Coin (BNBUSD) - running about +8% profit, will exit at $500 Full analysis/forecast GBPJPY - Exit for +3% profit first trade, and -1% loss on second scale in. Full analysis/forecast GBPUSD - Exit for +2% profit Full analysis/forecast Stellar (XLMUSD) - running about +1% profit, SL still at BE Full analysis/forecast: EURNZD - Exit for +0.5% profit Full analysis/forecast NZDCAD - exit for about -0.25% loss. Full analysis/forecast Any questions, comments or feedback please let me know. :) Thank you Jojo
BINANCE:BNBUSD
by jojofang0901
41