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<<Reversal Patterns of Technical Analysis>> Hello, my lovely and so clever friends! Today we are talking about <> 🧡 💥 Head & Shoulders Pattern 💥 After the pattern has become clearly visible, namely, the right shoulder is clearly visible, the trader needs to wait for the neckline breakout. Breakouts occur on strong impulses with a sharp increase in volume. Therefore, in order not to miss the entry and enter at the best price, it's better to use a sell stop order. To calculate where the price will go after the breakout of the pattern, it is enough to measure the height of the pattern (vertical from the maximum of the head to the neckline) and postpone it to the breakout point. 💥Inverted Head & Shoulders Pattern 💥 An inverted head and shoulders pattern occurs in a downtrend and heralds an uptrend. The rules for working on a figure are similar to the previous ones. It is worth noting that the head and shoulders pattern is rarely encountered in its pure form. Be careful! 💥 Double Bottom Pattern 💥 After you have identified the pattern on the price chart, you need to wait for the breakout of its resistance line. If the price has broken through the resistance, then the target will be the width of the pattern's range - the distance from the lowest point to the resistance. 💥 Double Top Pattern 💥 A double top is similar to a double bottom. The only difference is that this pattern is reversed and occurs on uptrends. The number of extrema in a pattern can be not only double, but also triple, and even more. But the rules of work will be identical for everyone - enter on a breakout, postpone the target to the height of the figure and wait for its execution. 💥 Diamond 💥 We measure the height and wait for the breakdown of the diamond. If a breakout has occurred, then the price movement target will be the height of the pattern from the breakout point. 💥Cup & Handle💥 Trades are opened on the breakdown of the "handle" upwards. Target is the height of the figure. Thanks for Your attention🙏🏻 Stay in touch🧡 Sincerely yours Rocket Bomb🚀💣 My previous work for You 💋
BITSTAMP:BTCUSDEducation
by RocketBomb
17
UK 100 6113.3 + 1.82 % LONG IDEA * MOMENTUM CONTINUATIONGood Day EVERYONE A look at the UK100 index that Rallied up with strong momentum just looking for a continuation of this move with the BULLS. key > RIDING THE TIDE. let's see how it goes HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 6160.8 TP 2 - 6213.8 SL - 6083.2 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
ULong
by PULEMokhothu
8
How to identify valid, high probability price action structuresHello everyone: In this educational video, I will go over how to identify valid, high probability price action structures/patterns in any market. I will go through price action structures/patterns from a multi-time frame analysis point of view, and how using a top down approach will help you to understand how to capitalize on higher time frame price action structures and its impulsive moves. Understand that, within a higher time frame bullish impulsive move, there will be many lower time frame corrections and impulses to bring up the overall price. That is how the market moves, just in different time frames. So the more structures and patterns we identify within the higher time frame price action and structures, the higher probability the entry setup would be. The key from this lesson is to understand that structures and patterns can and will appear everywhere in the market, in any time frames. However, not all of them will play out the way they should. So how to “filter” out lower probabilities structures to enter, and how to identify higher probabilities structures for entry. Thank you Feel free to ask me questions and comments.
BITSTAMP:ETHUSDEducation
by jojofang0901
30
AUDJPY (3d) - What a monster! I've often seen head and shoulders patterns that take on strange shapes. It is not common to find a very neat head and shoulder pattern. Well this one caught my eye. It's a weird one. On the left is three humps combining into the tradtional shoulder. On the right is some kind of shoulder that doesn't appear well formed on 3D time frame, though more clearly visible on 1D time frame. Head and shoulders are not predictive and require a lot of skill to play out. There are often times heavy losses, and a retest of the base is not uncommon. I don't suggest that 3D time frame is traded. It's sometimes good to get a steer from a higher time frame. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
by Captain_Walker
GBPJPY Structure Completion, Look for Sell NowHello everyone: Seeing GBPJPY for sell opportunities as it has completed its higher time frame channel structure. The price has been moving up in this channel since the bearish drop from early June. What I like about the price is that it is correcting itself up to the top. The latest price action is not break above the channel structure, and price has been slowing down. Once I see price has formed that reversal structure from the top, and broken out of it, then I have the positive confluences now to look for sell entries down. Any lower time frame corrections within the channel or broke out of it would be ideal to add in the sell. Thank you
Short
by jojofang0901
4