Get started

Technical

#Head&Shoulder chart pattern in action Head and shoulder definition: A simple head and shoulders top formation is characterized by a peak representing the left shoulder, followed by a higher peak which is referred to as the head of the formation. A lower peak representing the right shoulder is found on the right‐hand side of the head. The head should be the highest peak in the formation. The neckline is a trendline that connects the troughs that lie on either side of the head. Necklines may be horizontal or inclined which in our case is inclined. In an inverted head and shoulders formation (also referred to as a head and shoulders bottom), the head is the lowest trough within the formation. Head and shoulder pattern completion: The head and shoulders formation is completed with a valid breakout of the neckline Until a valid penetration has occurred, the formation is regarded as merely tentative. But as you can see in our case the pattern is completed since we can see upside breakout of the chart pattern neckline. Head and shoulder pattern target: The minimum one‐to‐one price objective or target for a head and shoulders top formation is simply the vertical distance between the head and the neckline projected downward from the neckline breakout level. For an inverted head and shoulders formation, the vertical distance is projected upward from the neckline breakout level. You can see this vertical line in the chart. Head and shoulder pattern entry: ■■ Short at a break of the right shoulder’s uptrend line with a stop placed above the right shoulder or head (see Point 1 in Figure 13.9) ■■ Short at the peak of the right shoulder with a stop placed above the right shoulder or head, especially when there is a significant resistive confluence comprising of significant Fibonacci retracement levels, Floor Trader’s Pivot Point levels, and psychologically important price levels associated with double and triple zeros ■■ Short at the right shoulder when it is testing the left shoulder’s resistance level, with a stop placed above the resistance level or head ■■ Short on a valid penetration of the neckline with a stop placed above the neckline, right shoulder, or head (see Point 2 in Figure 13.9) ■■ Short on a retest of the neckline after a valid penetration with a stop placed above the neckline, right shoulder, or head (see Point 3 in Figure 13.9) ■■ Short on the penetration of the price associated with the trough created by the retest action, with a stop placed above the trough, neckline, right shoulder, or head (see Point 4 in Figure 13.9) i.postimg.cc Source: the handbook of technical analysis by Mark Andrew Lim
FX:JPYBASKETEducation
by mohemati
Dow Jones Industrial Average - higher for longerNew analysts claim that the S&P 500 provides a better picture of the markets compared to the Dow. Although the S&P 500 obviously has a larger catalog, the Dow is a direct reflection of international capital flows. Look toward the Dow to see where big money is moving. The S&P 500 is domestic-oriented, and fund managers and institutions tend to focus on this index. The NASDAQ typically reflects retail, tech-heavy, and usually is the last to the peak. Each index offers a completely different perspective. The Dow Jones Industrials is the big money. You will notice that this index leads the way. It is the first out of a key low because it is typically the foreign capital that comes in based on currency. You will also notice the Dow tends to top out first because the big money tends to pull out first also due to currency. Capital is flowing like never before, and the smart money is on the move. The USD remains the last safe haven, and money is pouring into the US – for now. Look to the Dow for the best international perspective. ©Martin Armstrong The trend is higher on the DJIA and stops are being trailed to lock in profits. The PA has taken out the August highs and is now looking for liquidity above the double top around March 2022. The idea is always to look to buy a high and sell higher. I would expect the rest of the major US indices to follow suit.
TVC:DJILong
by Macrobriefing
GU BIAS: SHORT; ANALYSIS CHART: H1 & H4Hello traders, I believe some of you lost money yesterday thinking the cable would continue the bullish move, but unfortunately, the cable changed the direction. Today, the question is, will the cable continue the down move? Yes, there is an 85% probability that the pair could down to the level of 1.19418 or below. The bearish reversal signal is expected from the level of 1.20295. I think a resistance zone Is expected to occur around this level. I mean fake out, big banks, and smart money manipulation for the stop-loss hunt. Be careful when selling there. Look for the opportunity to sell from this level in the H1 or the smaller timeframe like M15 or M5. Finally, we remain bearish in the cable market as long as the price is below the trendline.
Short
by OraclePips
USD JPY -Awaiting the fresh buying zoneG'day, Breakdown: 1. Note 2. Contents 3. Research breakdown 4. Education recap 5. Information on Lupa. A note before reading - this is a forecast analysis - based upon a long term trading strategy looking for Fresh Demand/Supply zones. This is tagged Long due to the overall monthly demand in control, until the opportunity of a rejection of the PCP has occurred or a long opportunity from a break and retest of the trend. Overall, where an imbalance is formed and sellers have completed the changing of hands due to purchasing further increments the exhaustive sellers. Until this criteria is met - no trade is taken until reactive, break or curve is confirmed. Long term investment strategy rated, bullish. Monthly Price has established a zone of interest, where price has reached the 1998 Departure level. Yet to test the completed supply of 1987 Supply zone as marked on the chart. The 152 level was tapped which looking at the QTR chart which highlights this easier on the chart. This supply zone is a fresh touch - showing a strong level as the sell imbalance has reacted upon the Daily, weekly chart. This fresh supply to many was not a level for-seen for many traders, however the technical correction now is a strong pivot position as marked. As the sequence has not completed (overall long) price is using this sell opportunity to now look for new zones for purchasing (especially on the weekly and monthly). - Three month chart - this assists here with Weekly Price has established a technical zone from a fresh supply in place from 152-146. Although the opportunity here is a 600pip zone. Short sellers will have taken over in the smaller time zones. Again reference to the three month chart against the weekly below - Weekly/QTR chart. The weekly distal has been established - with the 152.00 being the stop loss or slightly above for sells. The left chart - weekly shows the key retest of the QTR zone and successfully rejects this level. Looking for buys on the chart offers two zones - 1. The PCP or FL demand ranging between 135-130.5 (est). Now having this zone in place - imbalance traders will need to follow the rules of a break of curve - clear rejection upon a reactive wick or await an engulfing move in favour of a squeeze or (descending triangle), consolidation and or a pattern interchangeable of both. The second zone of interest here offers the combo box of the monthly and weekly zones - pointed out with the 'Green' eclipse and the monthly zone. For a market structural cycle - price can net out here (revert to chart - with the Fibonacci extension which points towards the imbalance alignment. Weekly/QTR Chart - Fibonacci Extension Daily chart The daily shows the price is now shifting from the pivot point from 137.5 (est) - creating now a bullish reaction towards the range top of 142.** this will be the prime range of establishing a bull and sell position within a range formation. The down trend is still prominent with down and right on the overall short term basis from the from chart with the daily supply zones added with a price looking to pivot towards 141.3X area which is the next zone of interest from the view of a lower high formation. A Bearish chart option - where price can break the pivot. Adding Do you enjoy the setups? Professional analyst with 5+ years experience in the capital markets Focus on technical output not fundamentals Focus on investing for long term positional moves Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXII
by LupaCapital
ETH Bottom in April 2023?I haven't made a post in some time - namely because I wanted to let the FTX issue settle. It's interesting times on Twitter, sentiment is overall bearish, and it's hard to make heads or tails of the market at the moment, given the ongoing threat of multiple liquidations of ETH and BTC from the FTX hacker. Furthermore, at any point where we see some recovery, we end up seeing a more challenging step down, hurting a lot of investors in the short term who may be short on liquidity and fearful of recession or ongoing inflation challenges. I searched for some time to understand why this was happening and found an idea I wanted to track and test. ** Disclaimer** I'm a novice trader working to put my thoughts out there to see how they stack up against the market - please feel free to share/comment on my studies - please don't use this chart as financial advice The assessment highlighted a flag on the 3D (translates to 1W and 1D charts, too) time band, which clarified the movements of BTC and ETH recently (I'm tracking ETH as my preferred coin). I saw this flag set-up being discussed on Twitter and was compelled to follow it. It shows a deep falling bullish wedge (off the bull run's peak) with an approximate end point of April 2023 - to my surprise, it seems to be holding up well against the price movement of BTC and ETH. After setting my chart up to align with the discussion I found on Twitter, I added the fib retracement to see if there was any associated correlation, and there seems to be some worth watching. So the landscape, as it was discussed on Twitter, hypothesised that BTC/ETH will likely move from a. to b., then to c before breaking out toward the 1850 fib resistance. I feel aligned with this thinking, but I want to test a broader range of scenarios using this flag rather than blindly accepting Twitter theories (which are often very wrong!) My test cases are; If there will be a breakout at a. If b. holds or tanks If position c. will have a breakout at ~1290 Or if we continue downward into April 2023 before seeing any relief from this crypto winter (ego 'the real bottom') April isn't the bottom, and more movement down continues. I hope you'll follow along as I track the 5 scenarios How do you feel about this chart, by the way? Do you think the bottom is already in? Do you think the bottom will be worse than this? Would love to hear your thoughts.
COINBASE:ETHUSD
by Cryptoslothx
5
Difference Between Technical Analysis And Fundamental AnalysisHello Hello Traders , Please if you like the ideas, don't forget to support them with likes and comments. Thank you very much. Here we go , I want to talk to your about the differences between Fundamental analysis and Technical analysis . Defination, Coin analysis is trying to make various predictions by examining the crypto money market and the price graph of the crypto money analyzed. By performing coin analysis, investors can anticipate risks and opportunities. In this way, investors can invest at the right time. If the price change in cryptocurrencies is analyzed correctly, taking into account environmental factors, it can make a profit in the changing and high-risk crypto money market. It depends on the luck factor that traders make profit or loss before analysis. How is Fundamental Analysis Done? There is no need for learning to do basic analysis. All of us who follow the market instantly can make fundamental analysis. Because what counts in fundamental analysis is research and attention. While doing the basic analysis, the economic situation of the global market, popular entrepreneurs and the point of view of the countries with strong economy are taken into account. At the same time, political competition in the world, the Coronavirus Pandemic and financial efficiency are also evaluated in the fundamental analysis process. How is Technical Analysis Done? If you want to do technical analysis, you need to know the charts. The sub-headings of technical analysis can be listed as; It is also necessary to have sufficient knowledge of terms such as support points, resistance points, ascending-descending trend, ascending channel, descending channel. Step 1 , For technical analysis, it is necessary to do market research first. There are important cases in the world in terms of economic and social aspects. This situation affects the markets as well as the prices of cryptocurrencies. One of the most important points of technical analysis is to know the supply and demand balance well. If demand increases, the price of cryptocurrencies rises. However, if the demand decreases and the supply increases, this time there will be a decrease in prices. Step 2 , Patterns are very important during technical analysis. Formations are formed by graphics. It helps us to determine the support and resistance points of cryptocurrencies with formations such as double top formation and double bottom formation. In this way, we can see the end or start point of a value. Thus, the downtrend or uptrend of cryptocurrencies occurs. Step 3 , Another important rule when doing technical analysis is indicators. Thanks to the indicators, we can identify the momentum and support/resistance points of the cryptocurrency. Indicators showing the connection between the two-way movements show us in which direction the medium and short-term trend may continue. Conclusion, In order to properly analyze coin, it is necessary to examine many factors and developments regularly and carefully. Examining one of the factors can make the trader profit, but it is most important to minimize the risk, to evaluate all the factors simultaneously. Even the trader who invests by considering all the data can make a loss as a result of a sudden development in the market. Despite all the techniques and predictions, the cryptocurrency market, like any investment, includes risk factors. I really hope it will be useful for you. Make big profits!
BITSTAMP:BTCUSDEducation
by vf_investment
8
HOW TO USE TECHNICAL INDICATORS TO MAKE PROFITS IN TRADING Always combine technical analysis with fundamental analysis Successful traders always combine the two types of analysis. This is because technical analysis tends to focus on the past events and fundamental analysis focuses on the present and future issues. In addition, there are certain situations where technical analysis will not provide adequate solutions. For instance, technical indicators are not programmed to predict the outcome. In such situations, it is important to rely on fundamental analysis and avoid the market because no one knows the exact number and how the market will react. Understand the indicators It is also important to understand the indicators to use. Different one have different ways of analysis. It is important for you to take time to learn these indicators and how they should set up. There are many learning materials which one can use to learn how the indicators work. I recommend that you take at least 2 months to learn the indicators using a demo account before using real money. Use Few Indicators As stated before, many traders make the sad mistake of using very many indicators at a go. Always remember that two is a company, three is a crowd. Traders who use more than two indicators at a go make mistakes because of poor visibility and poor market data interpretation. Therefore, I recommend that you use at most 2 indicators per trade. Patience In day trading, patience is an important aspect without which no trader can make it. In fact, some indicators are usually require more time before their predictions can come true. Following these tips, your indicator-trading will go to the next level. Do you agree with all these tips? Hey traders, let me know what subject do you want to dive in in the next post?
OANDA:XAUUSDEducation
by TopTradingSignals
11
NZDUSD on RBNZ rates and monetary policy announcement, US minuteINTRO A rise of 75 basis points is the order of the day. Retail sales on Thursday may bring volatility to the Kiwi 0.62 (61.8% fibonacci) is the new resistance to beat FUNDAMENTAL OVERVIEW The Chinese economy continues to be impacted by COVID, impacting stocks and markets. The currency pair was affected by a slowdown in its gains as the U.S. dollar index found refuge for investors globally. There are several announcements today Tuesday that could bring volatility to the NZDUSD currency pair. Rates are expected to rise as markets see no slowdown in hawkish U.S. economic policy. European Central Bank Governing Council member Robert Holzmann said on Tuesday he had not yet decided to vote at the next rate-setting meeting in December, but would favor a 0.75 cent hike unless there was a significant improvement. TECHNICAL OVERVIEW Strong resistance has kiwi bulls frustrated. The confluence of EMA200 and the 0.62 level (61.8% Fibonacci) has investors considering a continuation of the call. The pair is up 12.5% ​​from a low of 0.55 hit in October. A bearish channel on the daily bar chart has been broken, but the uptrend could change due to expected volatility from the rate decision and Thursday's meeting minutes. Confirmation of the 0.60 level as support could lead the pair to seek resistance at 0.64 (50% Fibonacci).
by CRYPTONIA5
BITCOIN! History has a tendency to repeat itself.This is my view on #BITCOIN. Long-term I am LONG on CRYPTO but every bull-run has to end. Don't be the guy that took no profits from the bull-run. In this technical analysis, monthly chart is being used to see the bigger picture of what's currently going on with Bitcoin: 1. We can see that every bull-run ends with closure of one bearish monthly candle. 2. We can see that after monthly candle closes bearish, price tends to pullback to the point from where the bull-run started. 3. Also we can see that price respects and stays above 50-day exponential moving average. 4. We saw a bearish monthly candle close once again and price started to drop. 5. Fibonacci levels are being respected for now... and if price keep respecting Fibonacci levels we may see another drop to the 50-day exponential moving average that aligns perfectly with Fibonacci 1st target. Or even lower to the 2nd Fibonacci target which again aligns with the zone from where the bull-run started.
BITFINEX:BTCUSD
by Matko_MJ
7