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Patterns

Right Angled Descending Broadening WedgeChart Story here is.. from a Ascending broadening wedge the bears took it down.. and there was a great chance that a Bullish divergence would appear. It did... course went up and so a Descending triangle formation was there to bring the course down again. Because the price then widens a bit on the downside in a sideways move, I consider it a Right Angled Descending Broadening Wedge for now. Besides this pattern, you could probably also make a W pattern out of it but the characteristic of the Broadening wedge is "often", that after hitting the top or bottom 2 or 3 times the price comes back halfway during a rise or fall and then breaks out. these scenario's makes it possible to trade them but in times of macro economic uncertainties at the moment, caution is advised at all times. manage your risks at all times. disclaimer: this is not a financial advise
TVC:SILVER
by Tims.Technische.Analyse.
DJI - Cash Market Gaps. DJ:DJI had the rally this week and finished with a strong volume day on friday. Looking to this week we have a Gap to be filled from the previous drop at around 32300. This lines up with the 707 from recent high and low. We also have 1 SD @ 32690. Anything above these levels could mean we have some sort of major low in place. At this level there is a Similar retracement from previous rallies. Some more higher prices could be seen this week. I will be looking for pull backs to enter long for now. I hope this helps, Enjoy the week.
TVC:DJI
by L_F
GOLD - Critical price area!!OANDA:XAUUSD is sitting at an intersting price level. We had the sell off from the high on Friday, now we are at a point where it could head higher for one more leg to the 1912 area or this correction is over after hitting the 382 twice over the last couple of weeks and we will see lower prices. If this is it then our downside target is 1660 but there is a chance of a lot lower prices but I will cover that going forward. For now we just see how we open on Monday and find a place either way from there. I will post smaller TF charts with intraday levels to watch. Also I will post the AI for the year which gives me that downside bias. I hope this helps, enjoy the weekend.
OANDA:XAUUSDShort
by L_F
📊Why do the trading patterns work?Hi friends! Probably all traders began their career by learning the trading patterns. A trading pattern is a price movement pattern in a certain range. Generally there are 2 types of patterns: candlesticks (shooting star, hammer, bullish or bearish engulfing) and figures (triangles, channels, flags, head and shoulders, etc.). The number of them is constantly increasing, through the change of market, but there are up to 50 main patterns. 📊So why do the trading patterns work? The answer is very simple - because many traders use them in trading. Imagine a traffic light with a red light🔴 According to the rules all drivers who have the same signal stand waiting for a green light✅ Here, it lights up and allows all cars to move in the right direction. It's a clear rule, not only in your country, but in all the countries in the world. The situation is the same with trading patterns. Let's imagine that a chart is a road, and a pattern is a light. The price rises or falls and a pattern is formed. You have determined that it is a bullish pattern, such as a bullish wedge. Of course, you are waiting for the wedge to move to the upper boundary and break it up, that will be a signal to open a trade (green signal to move✅). At the same time, all the drivers (read as "traders") begin buying with you and pushing the price higher and higher. Why do traders do this? As I said in the beginning, patterns, like the rules of the road, are learned by all traders, regardless of nationality, this is the general rule, that is why these patterns work. 📊In what cases do they not work? As you know, most people in the market can't be right. Conventionally, if everyone opened a long and bought Bitcoins at $50,000 and the price went up to $100,000, then someone should have bought those Bitcoins from you for 100% more. If everyone held a long, there would be no one to sell and no one would make a profit in the end. That's why there are always 2 sides in trading: buyers and sellers. With the increasing popularity of patterns, most traders and especially beginners who first study patterns began to open trades according to these rules and .... took a loss. Patterns work especially badly on the cryptocurrency market, which shows how young this market is. But why? All because most cannot be right when trading patterns, otherwise no one would make money. 📊What should I do if I trade only paterns? I would recommend adding more rules to your trading strategy. These can be different trading tools, filters which will help you to remove "fake" signals and increase win rate. For example, trade not the triangle pattern, but its false breakout using a volume indicator: 1️⃣A false breakout in most cases shows that the price will not go in the direction of the breakout, as there are too many willing to open a trade in the direction of the price movement. 2️⃣The volume indicator will show the actual number of buy and sell orders. If the volume at a false breakdown of the lower boundary of the triangle has increased - this tells us that the price is more likely not to move down, as there is serious support there. This is the simplest example. You can also use indicators, additional trend lines, candlestick or fundamental analysis. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
Education
by Yuriy_Bishko
6
FRR - STRONG Bounce coming - x5 - 15x profits🌇Hi cryptoTraders,🌆 ✔️ Strong Uptrend now on FRR/USDT with easy break of 0.015 level. I expect a move to 0.09 usd min very soon, then go full bullrun. 📌My entry point: 📌 0.012 usd - 0.015 usd 💰 My targets: 💰 0.20 usd - 0.40 usd ------------------------------------------------------------------------ 👑👑 BTC , the king of crypto :) 👑👑 ------------------------------------------------------------------------ 🤞🤞ALTSEASON 🤞🤞 😎 Regards 😎
FLong
by SvSt
1