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Learn How to Apply Top-Down Multiple Time Frame Analysis In this article, we will discuss how to apply Multiple Time Frame Analysis in trading . I will teach you how to apply different time frames and will share with you some useful tips and example of a real trade that I take with Top-Down Analysis strategy. Firstly, let's briefly define the classification of time frames that we will discuss: There are 3 main categories of time frames: 1️⃣ Higher time frames 2️⃣ Trading time frames 3️⃣ Lower time frames Higher Time Frames Analysis 1️⃣ Higher time frames are used for identification of the market trend and global picture. Weekly and daily time frames belong to this category. The analysis of these time frames is the most important . On these time frames, we make predictions and forecast the future direction of the market with trend analysis and we identify the levels , the areas from where we will trade our predictions with structure analysis . Above is the example of a daily time frame analysis on NZDCAD. We see that the market is trading in a strong bullish trend. I underlined important support and resistance levels. The supports will provide the safest zones to buy the market from anticipating a bullish trend continuation. Trading Time Frames 2️⃣ Trading time frames are the time frames where the positions are opened . The analysis of these time frames initiates only after the market reaches the underlined trading levels, the areas on higher time frames. My trading time frames are 4h/1h. There I am looking for a confirmation of the strength of the structures that I spotted on higher time frames. There are multiple ways to confirm that. My confirmations are the reversal price action patterns. Once the confirmation is spotted, the position is opened. Analyzing the reaction of the price to Support 1 on 1H time frame on NZDCAD pair, I spotted a strong bullish confirmation - a triple bottom formation. A long position is opened on a retest of a broken neckline. Lower Time Frames 3️⃣ Lower time frames are 30/15 minutes charts. Even though these time frames are NOT applied for trading, occasionally they provide some extra clues . Also, these time frames can be applied by riskier traders for opening trading positions before the confirmation is spotted on trading time frames. Before the price broke a neckline of a triple bottom formation on an hourly time frame on NZDCAD, it broke a resistance line of a symmetrical triangle formation on 15 minutes time frame. It was an earlier and riskier confirmation to buy. Learn to apply these 3 categories of time frames in a combination. Start your analysis with the highest time frame and steadily go lower, identifying more and more clues. You will be impressed how efficient that strategy is.
OANDA:XAUUSDEducation
by VasilyTrader
17
ONE ANALYSIS ON GOLD YOU DON'T WANT TO MISS!!GOLD TRADE ANALYSIS FOR 26/02/2024 2043 AND 20147.98 WILL BECOME IMPORTANT LEVELS FOR GOLD 2043 Will be the target and 2047.98 will be second. Anything between this levels must be taken with cautions, this is where the price will make decisions to either go down. Or break up to 2062.23 Or it could break down to come for liquidity at exactly from 2030.79 Between 2030.79 and 2043 should be safe range to trade on Monday. Anything above or below this levels to be confirmed strongly
FOREXCOM:XAUUSD
by ProTraderxon
2
⤵⤵(US 30 uptrend pullback short bearish analysis)H ello traders what do you think about us 30) (technical analysis forecast📉📈📊 Traders US 30 upstand if barekout 38749.14 big 🐻 baerish moment short 38022.02Test support pullback $$$ resistance level US 30 uptrend pullback short bearish I think testing 38166.13) 📉📈📊 short and what moment bearish) ⤵⤵📊📈 BLACKBULL:US30 level) last week US 30 upstand if barekout Big baerish moment 38k support breakdown buyers will pullback reset resistance 38800.00 price breakdown breakout level sellers rejected bearish well back) 📈📈📈📉📊 short target 38166.13 BLACKBULL:US30 Safe trade 🙏♥️ pales like and comment's don't forget next analysis fol low me 🤝
BLACKBULL:US30Short
by SMC-Trading-Point
3
EURGBP: Insights into Current Market Dynamics (Top Down)Right! I will keep it simple. EURGBP on the weekly timeframe currently resides within a DEMAND zone, indicating the possibility of an upward movement in price from this region. Additionally, on the daily timeframe, price has shown rejection at a supportive level. Furthermore, the hourly chart has transitioned from a bearish to a bullish stance, while the 45-minute structure also presents a bullish outlook. In light of these indicators, it is anticipated that price action will likely find support at the marked demand area as depicted on the chart. Goodluck!
Long
by Koolermactrez
🐂(EUR GBP Bullish trand pullback forecast)Hello traders what do you think about EURGBP ) ? (Technical analysis forecast)📊📈📉 EURGBP peris bullish trand pullback short last week erugbp peris big bullish 0.85447 short .084977) 📉 tast support pullback reset taste down resistance 0.85686) price big 🐂 bullish candle pullback short 0.85116) 📉📊 (Short analysis forecast)📈📉📊 Selling short entry EURGBP peris bullish candle 🕯️ I think taste resistance big bullish short 📈📉) safe trade 🙏 pales like and comment's don't forget next analysis) 🫰🙏
Short
by SMC-Trading-Point
💬(What is your next target for gold)Technical analysis ✅ FXOPEN:XAUUSD TVC:DXY traders gold moving today USd Both data positive im seller and gold moving down 2010) What is next target for you experience)? My trade position selling zoon 2040+ 2020) Gold's fundamental analysis involves considering various factors that influence its value. Key elements include: Interest Rates: Gold and interest rates have an inverse relationship. When interest rates are low, gold becomes more attractive as it doesn't offer a yield. Conversely, higher rates may divert investors towards interest-bearing assets. Inflation: Gold is often viewed as a hedge against inflation. During periods of rising inflation, investors may turn to gold to preserve their wealth. Global Economic Conditions: Economic instability or geopolitical tensions can drive investors towards gold as a safe-haven asset. Central Bank Policies: Actions taken by central banks, such as buying or selling gold reserves, can impact gold prices. Currency Strength: Gold is priced in USD, so changes in the strength of the US dollar can influence gold prices. A weaker dollar typically boosts gold prices. Supply and Demand: Like any commodity, gold's price is influenced by supply and demand dynamics. Mining Costs: The cost of mining can influence the production levels and, consequently, the supply of gold in the market. Market Sentiment: Public perception and investor sentiment also play a role. Market sentiment can be influenced by news, economic reports, and overall market conditions. Remember, a comprehensive analysis should consider a combination of these factors, and it's crucial to stay updated on global economic trends and events that might impact the market.
FXOPEN:XAUUSDShort
by SMC-Trading-Point
3
USDCAD: Bearish Harmonic Pattern and Weekly Range DynamicsThe USDCAD market is currently exhibiting the formation of a potential bearish bat pattern. Notably, the price is approaching a daily level that coincides with a 4-hour order block. This convergence is significant as it marks the completion of the D leg of our discernible bat harmonic pattern. Additionally, it's worth mentioning that the overall market structure is displaying a bearish bias. Despite the bearish sentiment in the shorter time frames, it's essential to note that the weekly chart indicates a trading range. This information adds a layer of nuance to the analysis, suggesting a potential conflict between short-term bearish dynamics and a more neutral stance in the longer term. In light of these technical observations, a potential short-trading opportunity is anticipated. The confluence of the bearish bat pattern, alignment with the 4-hour order block at the daily level, and the bearish structure on lower time frames adds an extra layer of confirmation to the trade setup. Traders are advised to exercise due diligence, considering both the potential for a reversal in the indicated zone and the overarching range-bound behavior on the weekly chart. Goodluck!
Short
by Koolermactrez
SQ-Potential Scenarios to Watch for Over The Next...Head and shoulders pattern identified on the weekly chart. I will be watching for a break or retest of the 52 week low or a break and hold above 47.50. A break below the 52 week low would confirm that market participants want to take the stock lower. However, a break and hold above 47.50 would confirm that participants are interested in taking the market higher. On a lower time frame (specifically the 4H chart), data shows price broke below the .618 fibonacci retracement level and retested (see image below). The stock could potentially move lower being that it retested the . Furthermore, price rejected the same level three times on the 1H timeframe. Something else that should be pointed out here is the daily chart shows an increase of sellers over the last three trading sessions. *Side note -Interestingly, SQ is in the price area it was at the beginning of COVID-19. A break below the 52 week low may cause price to retest the low from April 2020. Should price reach the low from April 2020, we should watch to see if price finds support or breaks down further.
NYSE:SQ
by MrALtrades00
RELIANCE: Can get you GREAT RETURNS!RELIANCE INDUSTRIES is the King of the Indian Stock Market and everyone knows about what role Reliance plays in India. RELIANCE Stock has been in a consolidation since more than 2 years and is now trying to Breakout. Let us first know about its Basic Fundamentals. Profits are rising every year which is the most important point. Balance Sheet is growing year on year. Reserves are more than Borrowings. FIIs & DIIs have increased stakes in June Quarter. Fundamental Score is 7/9 Why Fundamentals? It is always safe to trade in Fundamentally good stock. Now Next, Let us look on the Nifty Chart: Nifty has corrected for 4% from high and meanwhile Reliance was consolidating at the top, preparing for a Breakout. Nifty's fall did not affect Reliance, and Reliance was quiet for some days. But now Nifty has tested its support and we can see a positive hammer candle at the support. This can be a positive news for some days as Nifty can retrace upside. Now, Reliance is part of NIFTY ENERGY Sector and weighs 57% in NIFTY ENERGY. Let us see NIFTY ENERGY SECTOR Chart: NIFTY ENERGY Sector chart has given a Flag and Pole Breakout in Weekly Timeframe which shows that Energy Sector can be bullish for few months. It has taken support of 0.382 level of Fibonacci, which is a great support. As we can see, Nifty and Nifty Energy Sector can be bullish for few weeks here on, we can find the stock that is also bullish and is a candidate of Breakout. And so we find RELIANCE. Overall Reliance was consolidating from long, and now is trying to give breakout. It has made a good Box Breakout type of pattern and making a simple price action near the breakout level, which means it is gaining some energy to blast off. In past few weeks, Nifty corrected about 4%, but reliance did not show any weakness, which is another reason to select Reliance. Some weeks ago, it gave a breakdown of the trendline but it was a fake move and now reliance has moved up, taking the StopLosses of all those who made a short position on the basis of trendline Breakdown. Track Reliance in near term, as after breakout we can see a good upside possible. Our First Target will be 2900! Keep Reliance in your Watchlist!
NSE:RELIANCELong
by NikunjBangad