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In Depth Look at Continuation & Reversal Structures/Patterns Hi everyone: In this educational video, I will explain how I determine reversal and continuation structures/patterns in the market. Many have asked me to break this topic down more in depth and in live, so I hope I can address all the questions I get on this. So, in my opinion there is only 2 main type of structures/patterns: Continuation Structures Reversal Structures The key to find consistency in price action trading is to identify what kind of correction the structure is forming. Is it a reversal, or is it a continuation? Since after a correction is finished, we are likely to see an impulse move from that structure, and it's good to understand when and how likely that structure will either continue or reverse the current price. Below I will list out some of the most commonly identified reversal and continuation corrections. To me, it's not too important what people call these structures/patterns, but what you need to determine is, is it a reversal or continuation structure? Because, the market is ever evolving, and price action structures/patterns are also evolving. Sure we can learn a lot from the typical “Textbook” structure and patterns, but they often or not won't be picture perfect, and we need to utilize what else the market is telling us to determine the structures. Continuation Structure -flag -channel -triangle -pennant Reversal Structure -wedge -ascending/descending channel -Double Tops/Bottoms (M and W pattern) -Head and Shoulder Understanding how the price has been moving thus far, will give you a more clear understanding of what the structure is going to form. For example: -When we see price at the top of a HTF structure, slowing down and correcting itself up, you will be looking for reversal structure from the top, and looking for the sell. -When we see prices broken out of the HTF structure, you will be looking for a continuation structure to form and continue the buy. As always ,feel free to ask me questions or comments. Thank you
Education
by jojofang0901
26
How to trade S/R zones & How to manage positions🙋‍♂️ Hello Community! This idea is about "How to trade S/R levels" and "How to manage positions" 📲 Why should you follow me on Tradingview? -Over 11 years experience with the markets -Price Action & Market Profile education -Price Action & Market Profile indicators -You get my entry levels every day directly to your chart -Key Value Area / Volume Profile & Orderflow levels -Supply/Demand zones -Every day updated and commented ideas By S/R levels I mean every S/R level you need. They can be Price Action levels, Market Profile S/R levels, Bollinger, MACD, RSI etc. S/R levels work only if you manage your positions properly. If S/R level works meaning the market reacts you should let your positions run. If the market doesn’t react to the S/R level as expected, you should exit the position at a logical zone or break even. The support levels sometimes change from support to resistance or vice versa. In this case you should enter the opposite position when the price touches the level from the other side. Hope it helps! Like and comment below!
BITSTAMP:BTCUSD
by Asanato
12
BTC will continue uptrend upon support. Target 12,927 - 17,146!Greetings dear traders, Here's what I see happening on the charts. BTC market has gotten ahead of itself. We are now consolidating and entering back into the "Larger Uptrend Channel". We will still reach our targets or 12,927 and 17,146 after that. It will simply take a little more time if we reside in this channel. As you can see from the chart, we should find support soon (maybe by the end of the week). Good luck traders! Many blessings to you all.
COINBASE:BTCUSDLong
by stewdamus