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UDATE on Triangle Pattern From Feb3Hello Traders Here IS The Triangle Pattern From FEB 3 That Has Indeed Formed. IF You Took The Buy From The Last Data Point Of The Triangle Before The Break You Would Have Caught bout 150 PIPS OFF That Trade. Currently Price Is Testing Off The Completed Triangle So BUY! BUY! BUY! You Can Set Your TP At The Original TP Or You Can Hold From The Break/Retest To However Many Pips There Are From The Top Of The Triangle To The Bottom Of The Triangle ( This Is Around Where The Breakout Will complete Its Self. Just observe its movement overtime to see this play out.This is how patterns work). If YOU ENJOYED THE PATTERN AND TO SEE IT PLAY OUT PLEASE LET ME KNOW IN YOUR THOUGHTS IN THE COMMENTS AND LIKE AND FOLLOW IF YOU DONT MIND :) ENJOY!
Long
by BeautifulTiger
The Law of 10 then 100, 10 then 100. Repeat as necessary. All is revealed in this humble chart. The plan is quite simple. I would like everyone to hold off buying any Gala until around day 10 of the oscillation period and then on the 10th day, buy Gala like mad. Out bid anyone who places an order, just buy and don't sell, because if you sell we will know. Those shorts will be happy to sell, take all they have and then when we reach the 100% profit mark, stop everthing. Do nothing and listen to the silence of the cryptoverse. The then, from far below, you will hear it, the short positions exploding like the 4th of July. It will not be pretty. Then we will wait for another 10 days, very quietly (no giggling) and I will release further instructions then. The Sublime Prince of Gala
Long
by WMWToronto
5
XAUUSD, GOLD SELL AREA. 👍👍Hi Guys, GOLD is sitting at our Sell area we where looking for. We have completed the ABCD Gartley from the Jan 26th High with a 10 day rally. This could be a start of a decent move to the downside. Target 1. 1800 - This is the 50-61.8% retracement of the current move up. This would complete a 135 Pattern and be the Bullish option. Target 2. 1750 - This is the A-B=C-D move to complete the smaller pattern. Target 3. 1730 - This would complete the Gartley Buy pattern from the Aug 2021 low. I hope this helps. Enjoy the day.
OANDA:XAUUSDShort
by L_F
4
Two Types of Elliot Wave CorrectionsWhen it comes to Elliot Wave Theory, we know of two different correction patterns . On the left you can see the classic correction, which is less common in real market situations. On the other hand, the flat correction (right) occurs more frequently in the market, since modern price action is often characterized by fakeouts . In this case, a fakeout looks like a wave B making a new high above wave A. In most cases, traders would open a trade here due to a structural break, which then runs against them (bull or bear trap). In the following table you can see how the respective correction patterns differ from each other and what you need to pay attention to. It is very important that you learn how to use Fibonacci tools correctly so that you can calculate the wavelength properly. Maybe I'll do a separate educational post on the proper use of those tools in future. Thank you very much for your attention, Your RT
COINBASE:BTCUSDEducation
by RT_Trading_
9
ABSORPTION MODELHello everyone! Today I want to share with you a very strong pattern that I use myself and that you can find on any chart. When used correctly, this pattern is able to suggest the best entry point and possible reversal, which potentially promises you good profits. Identification The engulfing pattern looks like two candles, the first of which is small, and the second is large and its body will be larger than that of the first, and the candle is directed in the opposite direction. The logic of this model is simple - there is no more strength left in the market to push the price - the first candle, after which a large one is formed and uses weakness to push the market in the opposite direction. A couple of important conditions: There must be a trend before the pattern. The second candle should be large and have the opposite direction. In addition, the first candle should close almost without a shadow, that is, at its maximum. Trading in a flat can bring a lot of losses, since a lot of false signals appear in such a market. Trade The entry into the market is made after the level of the first candle is broken - that is, the market has swallowed the candle and goes in the opposite direction. The stop loss is placed beyond the high of the first candle. Take profit . There are several ways to set a take profit. You can set it at a ratio of 3:1 or more to your stop loss. Another way is to set a take profit in the area of ​​the next level. This method can bring more profit, while it is worth remembering that the market may not reach the level. Timeframes The choice of timeframe depends on your trading style, as this pattern occurs on all timeframes. But it should be understood that the lower the timeframe, the worse the figure will be worked out. The ideal time frame for trading is 4 hours. You can choose the one that suits you. Conclusions This pattern, like all the others, provides a guide for trading, but this does not mean that the market will definitely go in the direction you need. When analyzing, it is worth analyzing the whole picture, do not rely on only one pattern, use indicators. When trading from the level, this model will be worked out more often. Use patterns correctly. Good luck!
Education
by DeGRAM
5
The Four way stop in front of the crypto market. BTC is driving.Most other established crypto charts reflect the same point of epic decision. Even the neutral path will be groundbreaking. As it will add a new component to the bitcoin pattern development. Outside of the March 2020 reactive crash this would be the most unusual path. For me, it would show the line between those who want to free and those who want to control the currency of the world. Beautiful moment. you can see the power and the calm.
COINBASE:BTCUSD
by mindfree
DID BITCOIN ALREADY FORM A HEAD AND SHOULDER PATTERN???Instead of currently being in a bullish trend at the base of the second shoulder Bitcoin could already have formed that second "shoulder" and now bounced off the support line and undergo a massive correction down the 25k support line. I personally still believe that like explained in my previous post, we are currently like I said at the "base" of the second shoulder in a bullish trend up to the 45k resistance line. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ If you enjoyed this post and agree with me, a like and a sub would be very nice : ) Stay updated for more content Bye! ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Short
by xtekky
2
The power of tension and a inversted hammer candle...As you can see on the SBEV chart, there is a build-up of tension towards the end and an inverted hammer candle. The long upper wick of the candlestick pattern indicates that the buyers drove prices up at some point during the period in which the candle was formed, but encountered selling pressure which drove prices back down to close near to where they opened. When encountering an inverted hammer, traders often check for a higher open and close on the next period to validate it as a bullish signal. After this the price blew up from around 1.05 to 4.35 which is mor than a 4x And now some math, if you had invested 100€ at 1.05, and cashed out at the top (4.35), you would now have 414€ which is 314€ made in only 3 days. Here is the calculation: 100/1.05 = 95.238 95.238x 4.35 = 414,2853 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ If you enjoyed this post and agree with me, a like and a sub would be very nice : ) Stay updated for more content Bye! ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AMEX:SBEVLong
by xtekky
3