EURJPY [SHORT] Channel Trading the YenPossibly looking at a sell order here if the price moves into the top of the channel, a rejection of that line will see a retracement.
Patterns
The global market crash of 2020 and the invisible recessionThe global market crash of 2020 and the invisible recession:
Laying over a select number of my tweets from 2019 and 2020 with calls for the a 40% correction, the start of the recession, and tentative dates for the global market crash.
I was off by a few days, but it's hard to predict the future. Obviously, right?
Also, I had my confirming signal exactly two years ago in July 2019 which is why I am sharing this now.
2 years since from confirmation.
I used various dark patterns, analyses, and techniques which gave me then the confidence that there was a black swan underway.
Unique Pattern BTCThis is the strongest Bitcoin Pattern. Its called the Ladel Pattern, and it Starts when BTC reaches All-time high.
The Ladel pattern has been consistently appearing at every major all-time high of BTC. And the accuracy of this pattern is pretty high as you’ll see in this video.
People are used to “One Size Fits All Patterns”. The ladle pattern is proof that each Currency/Stock does have their own unique patterns that cannot be found in the traditional textbook pattern list.
Success Rate of Popular PatternsRemember Do not trade solely on Patterns only. Ultimately, traders should seek out the best combination of patterns and price action to create an analysis strategy that works for them. Experiment with different approaches and combinations until you discover a method that suits your trading strategy and goals.
Here are the success rates for these patterns:
Inverted Head and Shoulders Pattern (83.44%)
Head and Shoulders Pattern (83.04%)
Bearish Rectangle Pattern (79.51%)
Bullish Rectangle Pattern (78.23%)
Triple Bottom Pattern (79.33%)
Triple Top Pattern (77.59%)
Double Bottom Pattern (78.55%)
Double Top Pattern (75.01%)
Ascending Channel Pattern (73.03%)
Descending Triangle Pattern (72.93%)
Ascending Triangle Pattern (72.77%)
Bull Flag Pattern (67.13% Success)
Bear Flag Pattern (67.72% Success)
Bullish Pennant Pattern (54.87%)
Bearish Pennant Pattern (55.19%)
These success rates presented are the result of a study conducted by a group of professional traders. They studied 10 different patterns independently from one another in 5 different markets (Forex, Futures , Equities, Crypto and Bonds), for a time period of 22 months with more than 50 case studies for each and every single pattern.
EURUSD pattern trades 15min week of 7/415 min time frame. green line is start of this week. Singular lines mean patterns only visible on smaller time frame, more lines mean you can see on 1hr, 4hr, etc. Circles are entries, the lone X down there is the one exit for the short. Maybe if I markup usdcad I'll see better timings for my entries....
Long !We can see that AUDCAD created another bullish wedge and it was broken and retested. Start looking for buys!
Tesla repeating patterns.I get very nervous making posts about tesla. I feel like saying anything negative about it will get me dragged out somewhere. Now that I say that I kind of want to make a post that paints it in a very bearish light just to spice things up a bit. That's probably a sign boredom is creeping in.
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I was going to see if I could do some wave counting and labeling to continue my mastering elliot waves series. I know those posts are almost impossible to digest, so you're welcome. Also, I'm going to continue posting them, just not today.
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So basically the naked eye of mine is seeing these repeating patterns, and so I dug into them a little bit to see exactly how they are different and similar and what that might mean about the future direction of price. My conclusion is that the price might very well double. Wild claim! I am thinking if it manages to take out any of the lower highs without losing the current support then it will be looking very likely to chart new territory. Otherwise, if we lose the current support then price will probably spend some times in no mans land. Much like it has been.
Considering the public perception of tesla it's difficult for me to see it shrinking. To me that is the ultimate gauge for future of a stock. I feel like anyone who has a tesla is generally really happy with that purchase, and everyone who doesn't have one probably hasn't been in the market for a new car/doesn't have the means to acquire one.
If self-driving could only achieve one thing, and that one thing was the elimination of road-rage, I think the world would be a noticeably better place. Driving is one of those things that really hammers in the idea that life is indeed a b****. Driving f***** sucks. I'm aware modern civilization is dependent on it. Does it still suck? Believe it.
The diamond formation explained in terms of ADA's price A bearish confluence has arisen among all the current bullish signals. This formation is theoretically seen as a reversal pattern and is bearish based on the fact that the price originated from bullish movement. Although the price target of this formation is at $1.29, does not mean it will reach these levels tonight, however knowing crypto assets a 10% retracement is not an irregular occurrence.
In order for the price to hit the TP, it will firstly have to break below the $1.40 mark which is a strong resistance level of the previous formation the price broke out of. Then the price would have to move below the 50% fib retracement level which is an extremely strong level of support and resistance. Only then would the path be clear for a movement down to the TP which happens to be a strong support level.
I am seeing this current market as a strong accumulation phase and if the price falls to the TP it would just be a sign of the continuation of this phase, which is great news for those who are in the market for the long term. The further accumulation would benefit the ADA market as a reversal and breakout to the bulls will roll out with the release of smart contracts which will bring in further hype into the space resulting in a huge move to the bulls.
My current opinion on the market in the short to medium term remains neutral with a bias towards the bulls on a slightly longer time frame, how ever there will be some blood in the street leading up to this point of course.
A question for those of you who are scared based on the current situation with regulation over the crypto space. Don't you think that regulation is one of the best things that could come out of the crypto space?
some would think I'm crazy for saying this, BUT hear me out. Regulation is only scaring in this sector because it has never been regulated before based on the fact that it was not as wide spread adopted than it is today, and regulation is just a sign from institutions and governments that the sector is more serious than one would think and this is a way of showing the mainstream that even they are starting to take crypto seriously, But in order to do so they will obviously want to be compensated for the rise of this revolutionary financial system of assets, which is fine, unless this news has the effect on you that temps you to sell your assets. This is not a good idea as you will dearly regret this decision, maybe not now but in the near future.
Just remember that all sectors associated to any financial system or third party intermediary are taxed and regulated any way, so why is regulation in this sector so frowned upon... don't let the media cloud your logic to believe what is said is true.
How do you feel about regulation in the crypto space? leave a comment and like and we can discuss this topic, related to any asset.
Eur/Usd Flat Top/Bottom
Target one: Buy 1.18650
Target two: Buy 1.19100
Don`t forget to look the economic calendar.
THANK YOU!
GOOD LUCK!
Cup and Handle, lets wait for the bait to go firstYes, I see that too but let's wait for the minions to first. We can see how those with the little patient are getting screw right now and we as intelligent trades want no part in that, so our best tool is to wait for confirmation
such as a big wik for example.
XAUUSDWe can see a previous impulse, now the XAUUSD might going into a correction. ill be looking for further bullish moves
AAVE/USDT about to explode!AAVE/USDT is breaking out from a descending channel.
- It will retest the price between $233 - $242. (Buying zone)
- Price is expected to reach a zone between $269 - $281. (Take Profit)
Be aware that the price of most cryptos is deeply connected to how Bitcoin moves, if Bitcoin holds between $34700 - $36500 I strongly believe that AAVE can test the $281 resistance. Always do your own research.
It's my first time publishing something, in my next posts I will give more details about the trade and the technicals behind it.
ADA - downtrend I am not a crypto guy but, I m became interested in ADA, for now I looking forward to a good entry-point.
Helping myself with Moving average 50 and 200.... of course line trend, we can see a downtrend with a pattern.
Please advice me as necessary
ty
Valcon
Day Trade Idea: NIOAscending Triangle on NIO, might run up in the morning. Don't forget to play with caution today because of quad witching.
PT 1: $47.80, PT 2: $48, PT 3: $48.25
Not Financial Advice just my personal opinion.
Bitcoin H&S Target Touched 8 times. Bull run will resume soon.Pretty simple analysis here. I find that often simple analysis isn't any less correct than complex.
Anywho, Bitcoin dropped perfectly from our neckline of the H&S pattern at around 50k, exactly where I sold. I then hit our target down from that neckline perfectly! You can see this target drawn on the chart. Here is where I immediately posted that we should all be buying. Though unintentional, I drew the target line weeks out. We've hit that target line now (or have come close) 8 times.
Our upward resistance now becomes the ORANGE uptrend line from MID-OCT of last year. You can see we've hit our heads on that quite a few times as well. I expect it to break soon. However, the reason that this post is neutral, is because it has not broken yet. I am and have been fairly bullish ever since BTC hit 30k. That is obvious from my posts which you can view below. However, I will only become a full-on bull again once we break that overhead resistance (ORANGE trendline). And although I am mostly all in the crypto market again, my sell stops are fairly tight. This last resistance is huge and MUST be hurdled first.
Happy trading all!
Triangle patterns - All you need to knowToday, we will explain the most important concepts behind triangle patterns.
The first thing you have to know is that triangle patterns are composed of 5 waves which we can define using letters "a,b,c,d,e" This concept was created by Ralph Nelson Elliott, one of the fathers of modern technical analysis and mainly known because of the "Elliott Wave Principle."
Most of the times , we are used to observing corrections with Zig-Zag shapes
These are really easy to spot because C always goes below A, and we can say, "NOW is finished." However, with triangle patterns, we need more patience, its not that easy to say "now is ready" because we never have waves that go above or below the other ones; it's a constant compression. That's the reason it is imperative to wait for 5 clear waves.
Another important concept of triangle patterns is that we can start drawing these two lines that will intersect in the future. These two lines will tend to contain the pattern until the breakout or the cancelation of it.
Ok, let's assume that you had the patience to spot a clear triangle pattern. How should I trade them?
ENTRY LEVEL: ALWAYS above "D" but much better above "B." Why? Because at that level, the price would have broken 2 resistances zones which is a strong sign for the bullish thesis.
STOP LEVEL: ALWAYS below A that was the main support of the structure, so we want to exit our position if the price goes below that level
TAKE PROFIT LEVELS: USE fibo extensions on the previous impulse and pay attention to two levels, 1.27 and 1.68
Important concept: Remember that context IS EVERYTHING. You don't want to trade isolated structures; you want to trade a structure and a macro context aligned with the view you have.
Final idea: Here, we have used a Real example on TSLA. We think that the best way to show these theoretical concepts is by looking for real scenarios and testing them. Here we think that the corrective pattern is not finished, and we want to observe a clear ABDE before setting confirmation areas. It's important to know also that technical analysis is not mathematic; it's closer to soft sciences/disciplines. This means that Technical Analysis is not a fundamental science that explains all the movements of the market; that would be nonsense; technical analysis provides us with statistical guidance that can help us project a probabilistic scenario which can happen or not.
Thanks for reading! Feel free to share your vision and ideas in the comment box.
#banknifty analysis for 15th June'2021#banknifty analysis for 15th June'2021
Decision Zone:- 35,088 - 35,092
Resistance:- 35,350 / 35,550 - 35,650
Support Zone :- 34,930 / 34,801 /34,673 / 34,259 / 33,964
Reduced the time frame to 15 min, to capture intraday moves.
I will try to post delta updates on a daily basis or if there is any significant change in structure.
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
#elliottwave #nse # nifty #banknifty
Regards,
SG.
SELL AUDJPYFailure of the major and minor trend line, placing the price on the resistance and synchronization of the equilibrium cycles provides the conditions for sale up to the range of 84.085.
BTC Log Cycles - Based on HalvingsExperimenting with Bitcoin high time frame log charts, I began to notice some patterns.
Please note: This is a work in progress and by no means financial advice.
Highlighted in yellow are two box areas, the rest is built around them. The similarity appears striking, imo. Does this mean the chart will continue to produce and follow these patterns?
Log charts are generally meant for and used with curved lines. However, when one finds a straight forward geometric pattern between the last 2 major cycles and this one, based on halvings... couldn't help but continue to explore, and hope this is interesting for you too.
I will continue to monitor and update, if this chart and pattern continues to make sense as it unfolds, and will attempt to simplify so it is easier to read. But wanted to post this before going to sleep, and again, this is only a work in progress. Any feedback, questions or suggestions are welcome. Best.
HOW TO SET PROPER TAKE PROFITS AND STOP LOSSES 🧙♂️Knowing patterns is one thing and using them to the fullest potential is another. Above, we've depicted 3 major patterns commonly used by traders during a technical analysis (wedges and pennants will be covered next week). We all know how to notice them on the charts and general shapes. However, a lot of traders don't know how to act once they notice these patterns and we're here to clarify that.
First, let's look at the proper entry points for these patterns. A general rule of thumb would be to enter the trade at the neckline once we get a closure below/above it. This way we can increase the probability of a trade and make sure the pattern is still valid. What about the take profit? Well, from tons of observations by a lot of talented traders there is a theory that the move following these patterns would be:
1) Double TOP/BOTTOM: the same as the distance from the neckline to the top or bottom
2) Head and Shoulders: the same as the distance from the neckline to the head
3)Rectangle: the same as the range of the rectangle
This way we can maximize our profits made from the trades based on these patterns.
Lastly, let's look at the Stop Losses for our trades. This one really depends on your trading style. More conservative traders (for instance, we like to keep our SLs tight as possible) would go with the mid-range of the pattern ensuring at least a 1:2+ Risk-Reward Ratio. However, if you're using this pattern as an indication that the price will follow further than the expected TP1, you may as well slightly increase your stop loss (not advised).
This is pretty much what you have to do once you notice one of the patterns above and you want to capitalize on the opportunity. Safe trades and stay tuned for more posts!
Ah also, it's Investroy's birthday this weekend, so if you have time, stop by and wish the HAPPY BIRTHDAY to the team :)
