Patterns that include a series or seq. generally repeats itself.Not legal and financial advice;
Any information provided here is only the personal opinion of the author.
Patterns
Do you see what I see?I'm curious if I'm seeing the candle stick patterns I believe I see?
Thoughts?
griff
Gold 2nd sep Now gold is waiting for the NFP news to decide its direction to either move up /down.
A breakout above 1830 would trigger a bullish run and upwards to 1900.
But there seems to be a lot of support in the region 1792-1808 and 1808 is acting strong support with 1820 a resistance to seeing a further upside to 1830.
Overall it's not clear and gold is gearing up to have big movement after the consolidation area comes to an end.
BTC Head & Shoulders Trendline Break Down PlsLooks like bitcoin is heading for a breakdown of a head and shoulders pattern. Because of trendline break as well, it could be a better indicator that number go down and the likely of it going down increases. Though, its always good to buy the dip in bitcoin. Once it reaches the end of the blue line, it could be a time take a chance at buying again. But for now, down pls.
EUR/NZDEUR/NZD is looking like it is coming to the end of its correction there for i am looking for buy opportunities.
I would like to see the price come down further before entering a long position but if price decides to keep pushing up i will wait until price has broken the trendline & re tests structure.
dow has trendline resistance it could break.all markets are trying to climb out of the hole this morning. they could do it, but with a selloff fresh in our memories, it is very hard to be a buyer, knowing that at any point the sellers could regain their confidence and try dropping it again.
From a risk management standpoint this lowers the probability of finding a stop loss in a protected area. with the threat of bears in the air, there essentially isn't a protected area, which means you can probably only rely on pattern breakouts, which I'm not really seeing much of. They have been forming, but they haven't initiated big volatile moves like you would see when a market has clearly picked a direction.
GBP/AUDCurrently in an ascending channel
Looking to trade the channel up
If price breaks channel then we will look for shorts to the outer trend line
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
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.
