US100 14360.4 -0.53 % SHORT INTRA IDEA * CONTINUATION PATTERNS HEY EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE,
A LOOK AT NASDAQ INDEX THIS WEEK SWING
* The index was trading in a DESCENDING channel NOW entered a range bound market, saw a beautiful double bottom looking for a retest of this structure before continuation to the upside.
- We finally at that zone which highly probable to become the reversal point as we saw a rejection at this level before.
- key to the set up will definitely be patience, as I am anticipating a formation of double bottoms even on higher time-frames which makes this one a high probability trade when going long.
- Looking for short entries on the INDEX short term this week should all the rules of the formation be met, overall long sentiments on the index.
BREAK BELOW & CLOSE WILL TRIGGER ON LOWER TIME FRAMES SEE BELOW..
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRAD
Reversalpatterns
AUDUSD breaks the uptrendAUDUSD pair after continuing long terms up channel we're looking The Trend reversal Candlestick Bearish Harami pattern at the top of the up channel.
I'll take Gold for the short, dead Alex.my previous long gold trade did not work out- and think back on it and with hindsite I think I didn't see a few things. Happy to get out of it breakeven. We all do this (mistakes), but I like to display my mistakes for all the whole world to see so that we all can learn. see link below. My mane mistake was that yes price then was on support, but it was not proven good support, and gold then was still very strong in consolidating mode.
Now gold is in consolidating area again still, but now I feel a directional bias of short.
evidence for short selliing:
1. stong bear candles then recent most candle weak bull candle bouncing off 236 fib (not shown). Not to me a stong reverse sign.
2. low volume for this weak bull candle. High volume for the strong bear candles before this weak bull candle. And the bear volume is more than bear candles even before these ones seen on chart by very much more.
3. RSI is support at 50 line seen at first 2 red up and down lines. Then resistance at up down line number 3. Then it looks like a false breakout over 50 line. but then falls below this again 50 line. Now for the number 4 test it is coming up to 50. After a false breakout (after number 3 up down line) this is many times a resistance that will hold for further down move.
Right now you see my risk too reward ratio is not great. but this is too quickly change when again futures open so this isnt my true risk. After futures open I will adjust this that depends on price action on open.
That is all for now.
I love thumbs up and for support. Thank you all! 💕
Ms. Bunny
EURNOK long seeking to make it two out of two 🎯Our RSI reversal strategy has a long trade running on EURNOK.
This is a new strategy script we are trialling at the moment.
Last trade included on the chart to show how this works which hit the desired TP target.
New trade details are shown on the chart and we are working the 15M time frame.
Take profit is the green line. Pink line is stop loss.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
EDUCATION - Rising & Falling Wedges - Reversal PatternsWhat is an ascending/descending correction?
The most common reversal pattern is the rising and falling wedge, which typically occurs at the end of a trend. The pattern consists of two trendiness which contract price leading to an apex and then a breakout appears.
Rising Wedge – Bearish Reversal
The ascending reversal pattern is the rising wedge which consists of higher highs and higher lows whilst losing momentum to the upside. Price contracts and eventually has a bearish break.
Falling Wedge – Bullish Reversal
The falling wedge reversal pattern occurs at the end bear run and indicates that price is ready to reverse. Again, price contracts and then eventually breaks out upwards.
There are 2 types of ways we can trade wedge patterns; Risky Entry & Safe Entry. See below for the pros and cons for both and how to enter them
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Risk Entry:
The reason why it is called a risk entry is because we haven't got many confirmations apart from the third touch of the trendline (as indicated in the chart above). Price may have the potential to go past the trendline for a deeper correction before moving up hence why this is called a risk entry. Whereas for the safe entry, the confirmation would be the break of the wedge.
How to trade using Risk Entry:
Wait for price to bounce off the trendline and then enter with stops below/above the correction depending on whether it’s a rising wedge or falling wedge.
One of the advantages of doing a risk entry is that we can have small stop loss and have a great risk:reward ratio. Also, we can gain an entry at the start of the move and have massive gains!
Safe Entry:
Safe entry requires more than one confluence and requires confirmation. One of the confirmations of the safe entry is the third touch bounce and then another confirmation is when price breaks the correction which confirms that the structure has changed and that we are in a reversal.
How to trade using Safe Entry:
For a safe entry, enter when price has broken the correction with stops above/below the correction. Please note that with this entry method, the stoploss will be greater.
The disadvantage to using a safe entry is that we require a bigger stop loss which makes the risk:reward ratio not as great as the risk entry. However, the probability of the trade succeeding is higher.
RISING WEDGE EXAMPLES
RISK ENTRY
SAFE ENTRY
FALLING WEDGE EXAMPLES
RISK ENTRY
SAFE ENTRY
EUR / USD INTRADAY LONG IDEA * PRICE ACTION & STRUCTUREHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE EUR / USD THAT HAS BEEN TRADING IN A DESCENDING CHANNEL
THAT SAW A RETEST OF THE BASE OF STRUCTURE
SAW AN IMPULSE , CURRENTLY CORRECTING IN A SYMMETRICAL
TRIANGLE LOOKING FOR A CORRECTION OF THE LAST .
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
SPX 3974.13 + 0.29% SHORT IDEA * REVERSAL PATTERNS & PRICE Hello everyone
Hope you guys are good, here's a swing idea on the SPX 500 looking at it from the 4H chart.
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
USDCHF | Perspective for the new weekThe price moved in our direction (180pips) as predicted in my last speculation on this pair (see link below for reference purposes).
After a 2 month long battle, Buyers finally broke above the key Fr0.89300 level (neckline) on Thursday... A complete reversal pattern is formed (Inverse Head and Shoulder) as I anticipate a rally soon.
Tendency: Uptrend ( Bullish )
Structure: Reversal pattern (Inverse H & S)| Breakout | Supply & Demand
Observation: i. It is fascinating to see how my Key Level @ Fr0.89000 becomes a decision maker last week after an emphatic breakout.
ii. Buyers finally redeems the hope of going Long in the coming week(s).
iii. After finding bottom @ Fr0.87600, Price has continued to appreciate as it keeps finding Higher Highs till the Breakout happens.
iv. I can not ignore the appearance of the Inverse H & S (a very strong reversal pattern); Bearish Leg that began mid-2020 falls to make a Shoulder and then rises to the Neckline(Fr0.89000); price then falls again and below the former Shoulder to make a Head and then rises again; finally, the price falls again but not as far as the second Shoulder to usher in a successful Breakout.
v. Looking forward to a correction into Demand zone as I shall watch out for significant spring up from this proposed new Demand area.
Trading plan: BUY confirmation with a minimum potential profit of 200 pips.
Risk/Reward : 1:4
Potential Duration: 10 to 20 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trend Continuation Patterns & Reversal Patterns🚀💣Hi, friends! Let's keep learning?😉
Today we are talking about <> and <> of Technical Analysis 😊
- this girls try to tell You more details😉
Hope, It would be helpful for You♥️
🐂Bull flag🐂
The principle of bullish flag trading, like all technical analysis figures, is the same - a breakout of the control point is required. As soon as a breakdown has occurred, you can immediately post the target. The target in a bull flag will be the height of the pole.
There is one more feature of this figure - the canvas of the flag should be tilted against the main trend.
🐻Bear flag🐻
For the most profitable entry, it is better to enter into a deal with a pending order. As soon as the trade is entered, the take profit is placed at the height of the pole from the breakout point of the pattern.
🐂Bullish pennant🐂
The pattern trading rules are identical to the bull flag trading rules.
🐻Bearish pennant🐻
The trading rules are the same as for the bear flag .
💥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🚀💣
BTC Dominance Lower High Forming for a potential H&S ReversalSeeing the bearish case suggested in previous posts getting stronger.
Let's see if it re-tests that neckline from here.
BTC Dominance may be at a top...Not easy to predict a top/bottom but we do it anyway :)
I see a confluence of resistances at current level so context seems good/valid for a top here and we could project a measured move down to the 56% area. Still waiting for a nice topping pattern at the LTFs so this is by no means confirmed yet (obviously).
Bottom line, I think we're near or at a top so let's see how this goes.
Daily chart is showing a potential lower high forming
DXY - TRADE PLAN(S)
DAILY (Pre-conditions):
✅ Divergence at Supply level (93-93.5)
✅ Confirmed swing low
✅ Double bottom
🟠 Trend : Down
4HR:
💡4HR TRADE IDEA 💡
✅ "W" Pattern formed on 4HR
🤚🏻Wait for break of neckline and
enter on re-test of the "nose"
1HR:
💡1HR TRADE IDEA 💡
✅ Upside impulse move
🤚🏻 Wait for flag, pennant
pullback and enter on next
impulse
EURUSD 1W 1D 4H TRADESThe weekly chart shows sup/res levels used to take profit levels.
The 4h chart shows entry points.
Bearish trades.
1st sell trade at breakout of triangle bottom @ 1.0663.
1st sell take profit at 1.0560.
2nd sell continuation trade breakout at sup level of 1.0560.
2nd sell take profit at 1.0450.
Bullish trades.
1st buy breakout of top of the triangle.
You determine the entry point.
2nd buy trade at reversal point of 1.0560.
3rd buy trade at reversal point of 1.0450.
All buy trades take profits are at 1.1030 resistance level.
You determine your stop losspoints.
NFLX Tri-Star Doji Reversal Pattern Weekly PrintNFLX Not only broke out of the downward channel it had been riding, but on the weekly has printed what is known as a Bullish Tri Star Doji , which is a reversal pattern. See link for image. slideplayer.com As with any candlestick pattern it is not enough to simply print it, that is absolutely no guarantee that price action will follow suit. However, they are helpful hints when combined with other factors (i.e. the breakout of downtrend channel and very near touch of uptrend support line that NFLX just had) to give you a slight edge on the market. My short term sentiment has now changed on NFLX , and will initiate a long position through call options upon close above highest doji print, which is above 301.55. First target 345.76. The caveat is if there is no close above 301.55 within the next week, pattern would be negated, and I will reevaluate. Happy hunting and GLTA!!
Reversal Heartbeat Lightning Bolt Cup Base SmithBasically a Ferrari Horse.. We have seen many Mirrored in Time Ferrari Horse Logos, but this is a classic..
Tech name: Descending Heartbeat Lightning Bolt Left Hand Axis Cross with U shaped Volume between peaks, Peak Buy Volume = Peak Sell Volume between max and min of wavelength...
0.236 fib is touched after the axis is met and next candle is "Deal Closer" (on the flatline is in in heartbeat tennis... so this is notably peak volume candle that closes the descending gap... it is notably >2x volume of max and min in the structure.. Smart money has entered the building !!) ending the right hand " Flat Line " and starting a super bull run trampling the bears !
The 0.236 appears to be a conservative entry point on most Heartbeats that are assumed bullish..
