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The Top 3 Confirmation Signals for the Double Top Pattern 1 - Bearish Divergence An indicator such as the RSI showing bearish divergence can confirm the weakening of the bullish trend. 2 - Volume Analysis An increase in selling volume following the second peak reinforces the potential bearish reversal. 3 - Support Breakdown A decisive breakdown below the support level confirms the validity of the double top pattern. Watch this video to learn more -- **Disclaimer:** The information provided above is for educational and informational purposes only. -- It does not constitute financial advice, and trading always involves -- a risk of substantial losses, regardless of the margin levels -- used. Before engaging in any trading activities, it is crucial to -- conduct thorough research, consider your financial situation, -- and, if necessary, consult with a qualified financial advisor. Past -- performance is not indicative of future results, and market -- conditions can change rapidly. Trading decisions should be made -- based on careful analysis and consideration of individual -- circumstances. The user is solely responsible for any decisions made -- and should be aware of the inherent risks associated with trading in -- financial markets.
NYSE:UNHEducation
by lubosi
1
✨❄️🌟 The Tutorial How-To Find a Magic on TradingViewFinancial markets just finished its memorial 2023. Whatever the numbers at the “Closing bell”, on your monitors and in your portfolios, there is no doubt that 2023 year’s Santa Rally will go down in history as one of the most outstanding in many years. In November and December, 2023 the U.S. stock market was rallying for the 9th consecutive week in a row. This was the longest ever upside streak in SP:SPX over the past 20 years, since the fourth quarter of 2003. Well.. just try to answer what happened with the market the past one time. Happy New 2024 Year! ✨❄️🌟🎅🎊🌲💫⛄️🌠✨❄️🌟🎅🎊🌲💫⛄️🌠
NASDAQ:NDXEducation
by PandorraResearch
2
☝️3 Main enemies of a trader and how to deal with them☝️☝️Dear traders, no one here has superpowers, and I'm just a human after all. Please take everything with a grain of salt. I'm sharing my view and one of the possible scenarios of price action, but mostly - my direct experience. When I enter I try to predict as little as possible and actually follow what the market is doing, joining the market and not arguing with it or forcing my will. Have good trading, keep a constant flow of self-awareness, and do your best. 🙌
CAPITALCOM:US100Education
by Yelli_trades
1
Navigating Support and Resistance with Renko ChartsToday we continue our deep dive into support and resistance levels and explore how traders can effectively utilize Renko charts and Donchian channels to identify these price zones. Renko charts, known for their simplicity and ability to filter out market noise, provide a unique perspective on price movement. We'll discuss how Renko charts work and demonstrate their effectiveness in pinpointing support and resistance levels with the help of Donchian channels. Donchian channels are a popular technical analysis tool that maps out the highest highs and lowest lows over a given period. By combining the insights from Renko charts and Donchian channels, traders gain a comprehensive approach to detecting key support and resistance areas in any market condition. Whether you're a novice trader or an experienced professional, we hope this video aids anyone seeking to enhance their ability to define support and resistance for any asset.
Education
by LeafAlgo
1
Thinking in Pine - Tricks and Tips of DebuggingWelcome to "Thinking in Pine" short video series on the topics of Pine Script. Today's discussion point is debugging and tools that Pine script provide us to debug our programs. 🎲 Points Discussed Debugging using `plot` for numerical series values. Using Pine Logs to debug for cases where `plot` is not suitable 🎯 Example Program - Debugging using plot length = input.int(14, 'Length') multiplier = input.float(4, 'Multiplier') var dir = 1 var stopDistance = ta.atr(length) * multiplier // Remove var to fix the first issue // stopDistance = ta.atr(length) * multiplier buyStopCurrent = close-stopDistance sellStopCurrent = close + stopDistance var buyStop = buyStopCurrent var sellStop = sellStopCurrent buyStop := dir > 0? math.max(buyStop, buyStopCurrent) : buyStopCurrent sellStop := dir < 0? math.min(sellStop, sellStopCurrent) : sellStopCurrent // Use nz to overcome na issues with math.max/ math.min // buyStop := dir > 0? math.max(nz(buyStop, buyStopCurrent), buyStopCurrent) : buyStopCurrent // sellStop := dir < 0? math.min(nz(sellStop, sellStopCurrent), sellStopCurrent) : sellStopCurrent dir := dir == 1 and close < buyStop? -1 : dir == -1 and close > sellStop ? 1 : dir // Plot statements used for debugging. display is set to display.data_window as the debugging plots do not need to appear on the charts plot(stopDistance, 'Stop Distance', color.purple, display = display.data_window) plot(buyStopCurrent, 'buyStopCurrent', color.red, display = display.data_window) plot(sellStopCurrent, 'sellStopCurrent', color.green, display = display.data_window) plot(buyStop, 'buyStop', color.red, display = display.data_window) plot(sellStop, 'sellStop', color.green, display = display.data_window) plot(dir, 'Direction', color.white, display = display.data_window) plot(dir > 0? buyStop : sellStop, 'Supertrend', dir > 0? color.red : color.green) 🎯 Example Program - Pine Logs sum = 0 arr = array.new() for i = 0 to 10 sum+=i // Log on every bar and also on every tick on real time // log.info('Sum at iteration {0} is {1}', i, sum) // Run only for the first bar // if(barstate.isfirst) // log.info('Sum at iteration {0} is {1}', i, sum) // Run on the last confirmed bar // if(barstate.islastconfirmedhistory) // log.warning('Sum at iteration {0} is {1}', i, sum) // if(barstate.isrealtime) // log.warning('Sum at iteration {0} is {1}', i, sum) // Display only once // varip showLog = true // if(barstate.isrealtime and showLog) // log.warning('Sum at iteration {0} is {1}', i, sum) // if (i == 10) // showLog := false // Extract through the array and log outside the loop arr.push(sum) // Log the extracted array on real time and print only once varip showLog = true if(barstate.isrealtime and showLog) log.error('Sum at different iterations : {0}', arr) showLog := false plot(sum) 🎲 References Pine Logs - Reference Manual plot - Reference Manual
Education
by Trendoscope
8