GBPJPYA fast descending drive with a triangle correction.
If this triangle is broken down, it can create another downward kinetic wave.
Patterntrading
EURUSDA channel is conceivable, but in addition to this, we need to pay attention to the slow movements of the upward waves and the rapid movements of the descending waves.
XXII - Falling WedgeOn the chart we see a falling wedge occurring. We are expecting a breakout in the near future.
There are regular bullish divergence that will play out at some point.
The stock is down 87% from its ATH. The trend reversal may be around the corner.
Target is shown on the chart - good luck!
AUDUSDHi
AUDUSD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
Descending Triangle + Bullish Divergence = ConfluenceHi All,
On the 4hr chart we see a CMF bullish divergence which could be an indication that Aragon is preparing to break out from it's descending triangle and head back up to retest the previous highs.
There's a good Risk Reward ratio even with a conservative stop loss, I'd usually have this tighter but we're seeing big volatility at the moment.
Feel free to leave feedback on the idea
Blockbullder.
ALIBABA ($BABA): Technical Analysis on daily chartHi everyone!
The main trend of $BABA is bearish on the daily chart, but most of the bearish momentum has already been worked on by the market. Having said that, even in the short term I remain bearish at least up to the support area, from there I cannot exclude some Reversal Pattern (see chart below). If this happens, an update to this analysis will be necessary because before trying to take a long position I want to wait for at least one clear signal (for example, an impulsive structure on the hourly chart).
POTENTIAL REVERSAL PATTERN
If we look at the Daily Chart, the support area could turn into something like a Right Shoulder of a potential "Inverted Head & Shoulders".
Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖
Cheers!
N.B.: Updates will follow below
Yemi_Fx1 | Short for GBPJPYOn GBPJPY the current price pattern is an ascending channel that's more clearer on 15min Timeframe and which is also inline with the 1HTF structure (Pattern inside pattern), if it holds
I'll be considering
A Risk entry type at the top of the bearish structure at an area of value.
Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
Yemi_Fx1 | Short for EURAUDPrice is approaching an area of Value, which if hold/valid there'll be a call in price, looking for a formation of flag continuation pattern. Then
I'll be considering
A Risk entry type at the top of the bearish flag structure.
Reduced risk entry after the impulsive back down followed by another tight flag or break of the flag.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
Yemi_Fx1 | Short for USDCHFFrom 4HTF perspective price has been moving in an ascending channel and currently it's approaching the upper dynamic trendline + area of value. If all criteria are met and the structure holds, then I'm looking forward for price to fall to the base of the channel.
I'll be considering
A Risk entry type at the top of the structure at an area of value.
Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
EURJPYEURJPY has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
Yemi_Fx1 | Long for GBPCHFAfter the impulsive leg(move) price start to consolidate in the form of tight flag pattern. Looking forward for the next move which will be the minimum of the previous flag pole.
I'll be considering
A Risk entry type at the bottom of the flag structure at an area of value.
Reduced risk entry after the impulsive move followed by a tight flag or break of the flag.
Yemi_Fx1 | Long for GBPAUDOn this Pair previously price has make an impulsive, correction movement. Currently it's in a phase of correction in the form of a tight flag pattern. Anticipating for an upward movement.
I'll be considering
A Risk entry type at the bottom of the flag structure at an area of value.
Reduced risk entry after the impulsive move followed by a tight flag or break of the flag.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
📊 Chart Pattern CheatsheetChart patterns are visual representations of a stock's price movement over time. These patterns can provide traders with information about the stock's trend, momentum, and potential future direction. Continuation and reversal patterns are two types of chart patterns that traders use to identify potential entry points. When considering entry points for both continuation and reversal patterns, traders often use a combination of technical indicators and price action analysis. They may use tools such as moving averages, oscillators, and trendlines to confirm a pattern's validity and identify potential entry points. Additionally, traders may set stop-loss orders to manage risk and limit potential losses.
🔹 Continuation patterns
Continuation patterns are chart patterns that suggest that the current trend will continue. They occur when the stock price consolidates in a certain range, showing a temporary pause in the trend. Some common continuation patterns include triangles, flags, and pennants. Traders may look to enter a long position when the stock price breaks out of the pattern, typically on higher than average trading volume.
🔹 Reversal patterns
Reversal patterns, on the other hand, suggest that the current trend is likely to reverse. These patterns occur when the stock price has reached a high or low point and is likely to move in the opposite direction. Some common reversal patterns include head and shoulders, double tops and bottoms, and the "V" pattern. Traders may look to enter a short position when the stock price breaks below a support level or the neckline of a pattern.
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
❤️ If you appreciate our work, please like, comment and follow ❤️
Yemi_Fx1 | Short for EURNZDIf price moves to the upper dynamic trendline of the ascending channel.
I'll be considering
A Risk entry type at the top of the bearish structure at an area of value.
Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
Trading as per price action and Fibonacci - 178 points capturedBTST trade carried based on S/R levels as per the Option chain, further identified "M" pattern in smaller time frame to have a view for trading. Was able to confidently carry the trade on weekend as per the support level and was sure for gap up opening today on Monday. Full video of this trade is already uploaded in part 1 & 2.
Click on link below in related ideas.
Yemi_Fx1 | Short for AUDNZDPrice has been trading and moving in an ascending channel so far, currently it's approaching an area of value + the upper dynamic trendline of the channel. If the structure hold, AUDNZD will be experiencing a move downward.
I'll be considering
A Risk entry type at the top of the bearish structure at an area of value.
Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
EKOVEST Simple Chart AnalysisEKOVEST - Rst 0.425 Supp 0.370
Monitor closely if can break 0.425 area. Else just ignore.
TESLA - InterestingNASDAQ:TSLA
Continuation downtrend with a Lower High?
Or will we head into a tighter range within a symmetrical wedge pattern?
Interesting time for Elon and company.
Trade Well...
GOLD BEAR FLAG UPDATEOur GOLD BEAR FLAG literally could not have played out any better. USD strength is being bolstered by multiple good data releases but that final rate hike and impending recession is on the horizon, gold eventually will be the best buy BUT Anyone who was not expecting this drop is realistically suffering from "Over-Analysis" as this example of a BEAR FLAG is so TEXTBOOK that it could be used as a "Forex Tutorial" on what a proper bear flag should look like. From here on out GOLD is essentially in a FREE FALL. Any buyers are going to be completely and utterly demolished, until a BOTTOM is found and this bottom isnt going to come EASILY.
FIB extension tells the clear story, gold has a LONG WAY TO GO FROM HERE
Do not get caught on the wrong side of this falling knife. Looking to enter long term buy swings at key fib levels: 1780, 1730
Gold Update | XAUUSD IdeaGold - XAUUSD short
✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
Yemi_Fx1 | Short for CADJPYFor the past days price has been given us an evolving of structure as we can see now.
I'll be considering
A Risk entry type at the top of the bearish flag structure at an area of value.
Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag.
Yemi_Fx1 | Short for CHFJPYPrice is approaching an area of value in a correction manner(in the form of a small ascending channel). If price pushes up to that level
I'll be considering;
A Risk entry type at the top of the structure at an area of value.
Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
📍 The 5 Step Process1️⃣ MARKET STRUCTURE
The market structure has a significant impact on the formation of prices, dissemination of information, and execution of transactions. In the context of stock trading, market structure can also refer to the pattern of price movements in a downtrend, characterized by lower highs and lower lows. This pattern indicates that prices are consistently decreasing over time and that selling pressure is outweighing buying pressure. The market structure in a downtrend can provide important information to traders and investors about the overall sentiment in the market and can inform their decision-making process.
2️⃣ PSYCHOLOGICAL LEVEL
A psychological price level in trading refers to a price point that is believed to have a significant impact on market participants' behavior and decision making. These price levels are usually round numbers, such as $50 or $100, or important milestones, such as all-time highs or lows, and are often used as reference points in trading. Market participants often view psychological price levels as significant barriers that need to be breached or defended in order to signal a change in market sentiment.
3️⃣ FIBONACCI
Fibonacci retracement is a technical analysis tool used in stock trading to identify potential levels of support and resistance. It is based on the idea that prices will tend to retrace a predictable portion of a move, after which they will continue to move in the original direction. The tool is used by drawing a trendline between two extreme points and then dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%.
4️⃣ TRENDLINE
A trendline in trading is a straight line drawn on a price chart to identify a current trend in the market. The trendline is drawn by connecting two or more price points and is used to identify the direction of the trend, either up, down, or sideways. If the trendline is sloping upwards, it is considered an uptrend, and if it is sloping downwards, it is considered a downtrend.
5️⃣ CANDLESTICK
A twizzer bottom is formed when a long green candle is followed by a red candle that closes below the midpoint of the first candle. This pattern indicates that the buying pressure that was present in the first candle is being replaced by selling pressure, and suggests a potential reversal from an uptrend to a downtrend. It's important to note that a twizzer candlestick pattern is just one piece of information and should not be relied upon solely when making trading decisions. It is often used in conjunction with other technical analysis tools and indicators to form a more comprehensive view of market conditions.
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
❤️ If you appreciate our work, please like, comment and follow ❤️
