DXYThis is what i am expecting for DXY
Currently using the kneck line of the head & shoulders as support. Expecting more downside to the outer trend line. (see previous post for higher timeframe chart)
Have a great week everyone
Patterns
update on bitcoin poised to dumpSo been stepping out on time frame and looking at the current run up as a smaler fractal of the run up to the ATH, and found some amazing confluence and patterns emerge as i drew this chart up, which shows that we are in a mirror image but on smaller time frame of the run up to ATH
Going short on GOLDEnter at current market price with a sizeable lot size and good risk management and ride down with it all the way to around 1783
3 simple cheat sheetsHere are three very easy to follow cheat sheets;
Candles;
There are several patterns both bearish and bullish - here is just a "welcome to" for you newer traders.
Then we have patterns - as per main image;
These are useful to help spot reversals and continuations of trend.
Lastly, we have the Divergence.
Other educational content recently includes Fibonacci'
See related ideas for full post.
And how to assess Alt Coins;
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
XRP Curve AnalysisI believe we will see a $10 XRP in the near term. It looks like we are following a certain trajectory and fractal pattern that should continue to grind higher as we progress in this year.
Rising wedge (BTC) 88% chance of breaking down (swing trade)Hello traders,
I know in my last post I said I wouldn't post until October 1st, but this is basically the same chart so figured why not.
We rejected the top of the rising wedge yesterday around $50,500.
100 day moving average is around $46,500 as of right now and climbing higher and higher after every close. This moving average is used for trends, once it breaks below into resistance we probably make our way towards $37,400.
I don't think we will be able to get above $52,000 and hold, so I'm calling the top somewhere below this level.
Stay safe, and have a great week.
👍
DXY (4H)Looking for a long opportunity on dxy. Waiting for a pull back to around 93.18 area, then i will be looking for long execution points.
BTC - The Game of Patterns - August 2021With big bull move price has overtaken and back tested the fifty percent retracement level from the 65-28.6K waterfall. The next stop above to look for linear resistance is the Golden Pocket at 52.2=51K.
the big picture looking from a zoomed out perspective, i have seen the rising wedge we created for the all time high, i now looking at where we are can see we are possibly in a rising expanding wedge, with the end drop dependant on where we break, i have used the common thought of the 51k ish area to provide an idea of where we could break down to cheers love to hear your thoughts
symmetrical pattern in Adani ports after a sharp sell in the month of june it is trying to cover
add a buy order at breakout and target 1 should be 718 and target 2 should be 735
nq. don't listen to market professionals.market professionals are constantly attempting to state the obvious to cover their own a**. if you want to win money you have to do your own thinking. If you get someone that knows what they are talking about and is interested in helping you out, you should be really greatful. Most of the time traders have some other agenda, like promoting a business or whatever other stupid bulls**** the folks that can't cut it try to get into. One size does not fit all, but in my experience, its best if the money incentive comes from choosing winning trades, not from retaining a monthly membership quota.
idea for area to land in next big dumpusing a number of trend lines that had multiple lines converging showing high and low point ends, im using same method to target an area for price and dates for the end of the next big dump
How to trade breakout. Breakout patterns What is a level breakout? A large number of orders are located behind the level. Either this is a limit entry order
if the price overcomes the level, or it is a protective order - it is triggered if the price goes out of our way and
overcomes the protective zone in the form of a level
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Share your opinion in the comments and support the idea with Like.
Thanks for your support!
EURUSD: Structure Trading. Your Confirmation to Buy🇪🇺🇺🇸
As many other EUR pairs, EURUSD is standing on strong horizontal support.
To catch a pullback from the underlined area, watch a potential inverted h&s pattern on 1H.
1.1767 is its neckline.
Wait for its bullish breakout (1h candle close above) as a signal to buy.
First goal will be 1.18
In case of a bearish violation of the yellow zone,
setup will be invalid.
❤️Please, support this idea with a like and comment!❤️
DXY - Possible downside DXY is showing signs of reversal. It formed a rising wedge which it broke out of last week. I have 2 areas of interest marked out. Fridays candle had strong momentum and closed as an engulfing candle so there is a good chance we could see a push up past the first AOI before coming down which will also give the 3rd touch of the upper trendline. Will be watching for signs of reversal throughout the week which will give us opportunities to go long on some xxx/usd pairs.
New Trader: Charting patternsWhat do you see? I see a Rising wedge, and descending triangle on 4h. I also see a triple top and head and shoulder.
GA SellsPrice continued Bullish but once again it was moving ascending within a channel
Price is now breaking the channel and moving in a side ways corrective manner, which looks to me like a possible bearish flag.
This not trading advice just my analysis
BTC Analysis 28.07.2021 (part two)Final part of the BTC Analysis available on TV.
5) EMAs
6) Whole #
7) Patterns
8) Divergences
