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$F - Descending TriangleThe bears have been able to drive this market downwards at steadily lower up swings. And conversely, the bulls have not been able to drive this market past its previous swing highs since August 2022. Although this chart pattern and price action behavior is suggestive of bearish dominance in this market. Although the price is trading below the key EMAs. The longer time frames and the RSI bullish divergence formed from July to October 2022, does not allow us to jump into conclusions as to how to form our bias. More important perhaps than forming our bias here, is to register how neatly this pattern is being formed, from volatility to the lack of it. To the extent that the price is now trading in a very narrow range. To the extent that a breakout with conviction in either end of the triangle, now, will be a revealing signal of where this market wants to go. Despite the sensation of control that any sort of analysis might lend you, please note that the future is unknown. For this reason, risk management is the real name of the game here. Remember to keep your positions small and dispersed. Cheers, Tenacious Tribe - Backtested Trading Strategies & Studies 50% discount on all of our products, in our website, with the following code: MOX Q3C WXRX
NYSE:F
by ruben_rodrigues
AAPL - Time for a Correction??NASDAQ:AAPL Has rallied 35% this year and is coming into Earnings this week. Most of the other Tech giants have reported and have had rallies, Is AAPL going to continue this or are we due for another correction to get long. If its really bullish like the last move a move back to 160 would be all we get. If it breaks through these levels then 150-155 is the next level. There are smaller patterns completing around 170-171 so these are the levels to watch. US Interest rates this week which will give a bit of volatility and the VIX is at very low levels not seen since 2021. These are the conditions setting up this week. Enjoy the week.
NASDAQ:AAPLShort
by L_F
Learn the Strongest Reversal Candlestick Patterns Hey traders, In this educational article, we will discuss powerful reversal candlestick patterns that every trader must know. Bullish Engulfing Candle Bullish engulfing candle is one of my favorite ones. It usually indicates the initiation of a bullish movement after a strong bearish wave. The main element of this pattern is a relatively big body. Being bigger than the entire range of the previous (bearish) candle, it should completely "engulf" that. Such a formation indicates the strength of the buyers and their willingness to push the price higher. Bearish Engulfing Candle The main element of this pattern is a relatively big body that is bigger than the entire range of the previous (bullish) candle. Such a formation indicates the strength of the sellers and their willingness to push the price lower. ________________________ Bullish Inside Bar Inside bar formation is a classic indecision pattern. It usually forms after a strong bullish/bearish impulse and signifies a consolidation. The pattern consists of 2 main elements: mother's bar - a relatively strong bullish or bearish candle, inside bars - the following candles that a trading within the range of the mother's bar. The breakout of the range of the mother's bar may quite accurately confirm the reversal. A bullish breakout of its range and a candle close above that usually initiates a strong bullish movement. Bearish Inside Bar A bearish breakout of the range of the mother's bar and a candle close below that usually initiates a strong bearish movement. ________________________ Doji Candle (Morning Star) By a Doji we mean a candle that has the same opening and closing price. Being formed after a strong bearish move, such a Doji will be called a Morning Star. It signifies the oversold condition of the market and the local weakness of sellers. Such a formation may quite accurately indicate a coming bullish movement. Doji Candle (Evening Star) Being formed after a strong bullish move, such a Doji will be called an Evening Star. It signifies the overbought condition of the market and the local weakness of buyers. Such a formation may quite accurately indicate a coming bearish movement. I apply these formations for making predictions on financial markets every day. They perfectly work on Forex, Futures, Crypto markets and show their efficiency on various time frames. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDEducation
by VasilyTrader
13
BBRI: The Advancing Phase and Recovery of Banking Sectors? Hello Fellow Global Stock Investor/Trader, Here's a Technical outlook on BBRI! Support the channel by giving us a thumbs up and sharing your opinions in the comment below! Technical Analysis BBRI is a breakout of the Pennant Pattern after retracing on the Fibonacci golden ratio area. The MACD Indicator made a golden cross below the zero level area, which indicated a potential bullish movement ahead. All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/support area. "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the BBRI"
IDX:BBRILong
by financialfreedomgoals101
How to Avoid Falsa Breakouts and Breakdowns?Hello traders, today we will discuss how to Avoid Fails Breakouts and Fails Breakdowns. Have you ever witnessed a significant resistance level being broken and opened a long trade just before the market made a sharp move to the downside? Have you ever entered a short position after seeing the price break-through support only to watch the market rebound? You are one of many false breakout victims, so don't feel bad. It might be challenging to learn how to recognise these things. Continue reading as we talk about fakeouts and breakouts and introduce two potent indications from the @CRYPTOMOJO_TA team that can assist you in staying on the right side of the market and avoiding more suffering. As shown above, the answer to this issue is actually quite straightforward. Waiting until the candle closes to determine the strength of the breakout is preferable to acting on trade as soon as the price breaks a crucial level. Therefore, it is not a good idea to position entry orders above or below support or resistance levels in order to automatically enter a breakout trade. Entry orders allow us to become "wicked" into breakout trades that never occur. This indicates that the only way to successfully trade breakouts is to be seated in front of our trading terminals and prepared to take action as soon as the candle closes in the breakout zone. When the candle goes out, we can How to avoid a false breakout It can be almost impossible to tell a true breakout from a failed break if you don’t know what you’re doing. Here are four ways to avoid a failed break: Take it slow One of the simplest ways to avoid a false breakout is also one of the most challenging for many traders and investors – to simply wait. Instead of buying into the trend the moment your asset breaks through its support or resistance level, give it a few days (depending, of course, on your trading style and its timeline) and watch as, often, the failed breaks simply weed themselves out. Watch your candles A more advanced version of waiting it out, a candlestick chart can come in handy. When you suspect a breakout is happening, wait till the candle closes to confirm its strength. The stronger the breakout appears, the more likely it’s not a failed break. While this can be an effective way to identify false breakouts, many traders and investors don’t have the time to sit and watch their chosen chart around the clock. That’s why, with us, you can set alerts to notify you of the specific market conditions you’re waiting for. In the case of a breakout, for example, you’d create an alert based on the candle’s close price, to notify you of any potential breakouts. Use multiple timeframe analysis Another efficient way to identify breakouts, and what of those are likely failed breaks, is multiple timeframe analysis. This entails watching your chosen market using a variety of different timeframes. When using this technique, you’d likely spot the potential for a breakout in the short term, then ‘zoom out’ to view that same market over a week, a month or even longer before opening a position. This helps with identifying a false breakout because you’re paining perspective of your asset over both the longer and shorter term. Studying its patterns can show if what you think is a breakout is actually significant in the context of that market. Know the ‘usual suspects Some patterns in charts can indicate the likelihood of a false breakout. These include ascending triangles, the head and shoulders pattern and flag formations. Learning how to identify these patterns can help you to tell the difference between a breakout and a false breakout, as these three formations are often associated with failed breaks. For example, ascending triangles are indicators of a temporary market correction, rather than a true breakout. How to trade a false breakout If you’re a trader, you may want to use a false breakout as an opportunity to go short, making a profit or loss from predicting that a market’s price is about to drop from its current high. Or, you could use it as an opportunity to hedge – going long in case it’s a true breakout and going short on the same market in case of a failed break. To trade a false breakout you’d: Create a live CFD trading account Do technical analysis on your chosen market to identify false breakouts Take steps to manage your risk, including stop orders and limit orders Open and monitor your first trade How to trade breakouts Here’s how to trade breakouts with us: Create a live account or practise first with a demo account Learn the signs of a market about to break out – you can find out far more about breakouts by upskilling yourself on IG Academy Open your first position Plan your exit from the position carefully, including setting stop orders and limit orders Take steps to manage your risk Everything you need to know about trading breakout stocks False breakouts summed up A false breakout is a significant movement out of a market’s normal support or resistance levels that don’t last – hence it ‘fails’ These can cause costly mistakes for traders, thinking a market has hit a true breakout and to go long, only for it to lose momentum shortly afterwards You can avoid false breakouts – or trade them intentionally – by studying your chosen market and knowing the chart patterns timeframes and other signs of a failed break With us, you can trade on breakouts and failed breaks using CFDs. This chart is just for information Never stop learning I would also love to know your charts and views in the comment section. Thank you
BITSTAMP:BTCUSDEducation
by CRYPTOMOJO_TA
8