The trouble with double tops is that, you don't know where exactly price will go. Have a look.
All you can do is take a controlled loss (aka stop-loss). If you can't afford it, don't take it (obviously).
Today was exciting!! USTech was heading south, whilst price on other US stock indices went madly north. The news said, that this was a about rotation. (Read...
The position shown is a potential crash zone. I'm well aware that 'everybody' thinks BTCUSD is going to $100,000 soon. There are problems ahead that 'everybody' is not factoring in.
Firstly the technical set up is showing something important in this analysis. Bitcoin has had a major long run up to approx $58,200.
Next - there is an important trend switch....
I've been watching price action in the last few days on AUDJPY.
My balance of probability is 51% for the south, leaving 49% for the north. I know 'everybody' wants better odds than that. Well, I did say it was tricky - at least for me.
My estimates are based on my analysis. Not a 'feeling'. I wouldn't be trading this time frame anyway. I'd be looking for a...
This is a 15 min time frame, trend following set up. Price action looks uncertain and nosing slightly south.
As a trend follower, you know that you have to give the market much room to oscillate. Trend is more important than price.
Nothing in this set up means that I know the trend will continue south. All I can do is take an affordable loss. Hence, you find...
Well, it is one candle at the leading edge. We cannot know if it means anything until stuff happens. Those who look for predictions that foretell the future are in the wrong game.
In trend-following methodologies, one would ride an escalator down or up - on a smaller time frame that that shown here (to conserve losses).
When you zoom out of this chart, you see...
You can see the formation here of a down wedge within a down wedge (wedge gets a wedgie).this is the yellow wedge and the black wedge. This points to a bullish bias longer term. Though you can see I am a seller right now from 65.10 with target price of about 63.70. This is where the yellow and black wedge intersect. I love this kind of confluence. You can see an...
3 possible scenarios. Represented by green up shade box and 2 red down shade box.
So far path is following my prediction from earlier chart (see previous CL post)
- green box trigger if price breaks black resistance
- first red shade box triggers if price do not break resistance
- second red shade box triggers if double to forms.me which would also end the...
Hello everyone
I was doing a research about market crashes in history (what was the reason, what happened next and how it was solved) ...So I read many titles about financial instruments in US (Loans,credit cards,mortgages etc) ...yeah and those freaking BONDS...we have two types of bonds - short-term and long-term..and here comes the trouble. They should go in...
Hello everyone
I was doing a research about market crashes in history (what was the reason, what happened next and how it was solved) ...So I read many titles about financial instruments in US (Loans,credit cards,mortgages etc) ...yeah and those freaking BONDS...we have two types of bonds - short-term and long-term..and here comes the trouble. They should go in...
next 12 hours will most definitely retest 1.133, ideal short entry (or hedgies for your longs) will be 1.15
safe entry always wins, no matter what side you're on.
lets have some fun
Head and Shoulders is one of the most reliable patterns in trading. You could find the stats on this - I've long forgotten them.
Many H&S pattern fail and you have to be prepared to take controlled affordable losses when engaging them. But when they do fall in your favour, they could be big earners.
As always, these patterns do not 'predict' - they create...
I am not sure which way oil will go. Here our both long and short scenario. Take appropriate trade when break of long entry or short entry is broken and confirmed
Please give thumbs up if yo like my idea
Hello again.
The green rhombus target was the red rhombus that was struck and also the red rhombus target was the area of 2000 that was struck!!!!!!
The first target is the current rhombus pattern 4500 and the second target is 5000. If the price rises and the price stabilizes in the range of 2000, we will expect this target.
And if we start modifying the tag,...
Good evening traders,
I'm sorry for not being active over the past week (I started a new full time job and finished my training week) HOWEVER, I will be posting 2-5 times every week going forward but wanted to make a quick technical analysis because it's now March 2021.
What happened in March 2020? One of the biggest crashes in crypto and stock market...
