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Tradingpatterns

$COTYShares of Coty rose 4.07% to $8.18 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +1.15% rising 1.15% to 4,357.04 and the Dow Jones Industrial Average DJIA, +1.43% rising 1.43% to 34,326.46. The stock's rise snapped a three-day losing streak. Coty closed $2.31 below its 52-week high ($10.49), which the company reached on April 30th. Coty is giving a textbook style of how previous resistance now acting as support and with a gap to fill on the daily chart it might be something you’ll be interested in. When we take a look at the indicators you have: MACD curling RSI flat & the 50, 100 & 200 moving averages getting pretty tight here. Keep your eyes on this one. - Factor Four
NYSE:COTYLong
by TheBlankFund
Bitcoin 15m chart 03/10/2021 Bart?How how are you trading crypto? Do you remember 2017-2018? If yes, you know Bart pattern. Exactly - Bart Simpson. This pattern is called based his head... In this bullrun I haven't seen any pattern like this and probably this will not Bart. In case of Bart price will drop down back to 43 - 40K and bitcoin will continue with correction. Probably bitcoin will continue up, there are some reasons. 1) Volume was high 2) Alts are superbullish 3) On-chain data shows that new traders are coming again...
COINBASE:BTCUSDLong
by UltimateCryptoTrader
$NVDAShares of semiconductor manufacturer Nvidia a supplier of chips for everything from playing video games to performing artificial intelligence tasks to mining cryptocurrency, dropped 2.2% through 10 a.m. EDT Friday. It's the last of those three chip uses -- mining cryptocurrency -- that seems to be weighing on the stock. The People's Bank of China, you see, just announced that it is banning all cryptocurrency transactions in the country, and in particular, banning Bitcoin and Tether from circulating in China.   The move seems likely to weigh on Nvidia's business, but I wouldn't be too concerned for Nvidia stock despite the drop. Consider: In its first-quarter earnings report earlier this year, Nvidia advised investors that a new line of semiconductors it had developed specifically for crypto mining generated $155 million in incremental revenue. Expand that out, and specific cryptocurrency-related revenue for the company may be as much as $620 million a year.   Now, that sounds like a lot, but as a percentage of Nvidia's $21.9 billion semiconductors business, it really amounts to just 2.7% of total revenue -- and even then, most of this revenue from sales to countries other than China should be unaffected by China's move. Overall, I’m bullish on NVDA without question. When we take a look at the daily & weekly chart you can see price has broken out of its ascending triangle to the upside and has also retested to see if it would act as support. You have the MACD looking strong & RSI sitting above 50. Without question, this should be on your watchlist this week. - Factor Four
NASDAQ:NVDALong
by TheBlankFund
$UUnity is a platform that provides two sets of solutions: Create Solutions and Operate Solutions. Create Solutions provides a comprehensive portfolio of software solutions for developers to create 2D and 3D content that can be deployed on more than twenty platforms, including Microsoft Windows and Apple. Unity’s Operate Solutions offers app developers a set of solutions to grow and monetize their end-user base. The company competes with AppLovin through the Operate Solutions business. Interestingly, Unity is also one of APP’s partners and enterprise client. In Q2, Unity posted revenues of $273.6 million, a jump of 48% year-over-year, surpassing the Street’s estimates of $243.07 million. Revenue from Operate Solutions grew 63% year-over-year to $182.9 million But moving away from the fundamentals and moving onto the technical side of things. Unity Software has been forming an falling wedge since the 26th of June. If this patterns plays out correctly price should fill the gap before falling. MACD flat. RSI flat with the 50MA looking really to break above the 200MA. Keep this on your watchlist. - Factor Four
NYSE:UShort
by TheBlankFund
$ETSYEtsy’s shares rose last Thursday as the online arts-and-crafts retailer joined fellow Internet retailers in a continuing roller-coaster ride. Etsy recently traded at $213.12, up 5.4%, and has climbed about 9% in the past six months with plenty of ups and downs. Earlier this month, they reported better-than-expected second-quarter earnings, but provided a third-quarter revenue forecast that fell short of analysts estimates. Etsy posted profit and revenue that handily beat Wall Street estimates, but said it now expects revenue of between $500 million and $525 million for the current quarter, below current consensus forecasts of $527.5 million. When we look at the technicals analysis ETSY is starting to look very bullish, in my opinion. We broke out clean of the symmetrical triangle to the upside. We have the MACD above 4.90 We saw the 50MA cross the 200MA & we also have the RSI above 50. I can easily see this running up to all time highs again. I’m bullish. Keep this on your watchlist. - Factor Four
NASDAQ:ETSYLong
by TheBlankFund
The importance of working to a trading strategy. Morning traders Just wanted to share these thoughts on the importance of finding trading plans and strategies then sticking to those plans. In my last idea I discussed the importance of holding trades and not to deviate of track. That idea was working the H2 chart following the trend with a stop loss on AUDJPY pair and the trade has been running since 24th November. The script I am running allows me to run numerous strategies to the way I would like to trade. This certainly helps with removing emotions when it comes to trading. Coupled to a built in back tester which reassures on how effective your trading plan could be. These idea in question here is EURGBP pair trade on the 15M chart with a stop loss and take profit target implemented. Risk to reward is 1:2.5 First thing I want to touch on is even though we are trading on a lower time frame here patience is still key. Along with letting trades run there course to the trading plan that is implemented. Back test data for the plan implemented on this pair shows 122% gains on initial investment from Feb 1st of this year. Working to a 1:2.5 RR and a 2% capital risk per trade. We have two back to back trades here which produced 135 pips of profit. Despite being on 15M time frame the two trades took two an half days to play out. If I wasn't sticking to a rigid back tested plan I might have been tempted to close for profit too early or worse still close at the point the trade entered the loss zone. Thus missing out on the eventual outcome which was hitting the take profit target! Emotions are a massive element for us traders to control. The strategy I am using has helped massively with emotion control for myself. For more information on the script I am using please message me.
by RichScott
Head and Shoulders the accurate price action patternHead and Shoulders Pattern Tutorial - Head & Shoulders chart pattern is a price reversal pattern that helps traders identify when a reversal may be underway; this reversal signals the end of an uptrend. The formation of a H&S pattern resembles a baseline or neckline with three peaks where the middle peak is the highest between the two right and left peaks. Head and Shoulders patterns are statistically the most accurate chart pattern, almost 85% of the time they reach their projected target. The formation of a H&S pattern resembles a baseline with three peaks where the middle peak is the highest. The two left and right peak don't have to be at the same price, but the more closer they are to the same level the more stronger the pattern becomes. The pattern completes when price breaks through the neckline. Stay Tuned, 👍;
TVC:SPXEducation
by tapasdhanadana
Descending Triangle as Continuation and Bilateral patternDescending Triangle Pattern Tutorial : Descending Triangle is a bearish pattern and sometimes it also act as bilateral pattern. (about bilateral pattern in the previous post : "https://www.tradingview.com/chart/BTCUSDT/vYen5wAu-Ascending-Triangle-as-Continuation-and-Bilateral-pattern/") A Descending Triangle Pattern can be easily identified if you see a falling upper trendline along with a flat support. Also descending triangle have some shortcomings like it can occur false breakout and the price reverses same as Ascending Triangle. You need to see how strong the breakout was with the help of volume indicator at the time of breakout.
BITSTAMP:BTCUSDEducation
by tapasdhanadana
1
A trading pattern free marketOften many coins will display little to no trading patterns. This is due to their youth and lack of public adoption. For example bitcoin gold shows a clear bearish trend, however it is lacking the necessary features to identify directional movements. Swings can often be random, pumping at times when big players feel like it is necessary for them. This can spell trouble for holders and buyers alike. Maturation of the market is required for trading patterns to be more easily identified among various coins, and unfortunately this only comes with time. We will see how this 0.93 linear regression downtrend unfolds.
B
by Bixley
Wash, rinse, and repeat trade! 9-25-19 EURGBP So I often see setups of past moves repeated in smaller timeframes. A lot of people might think a small timeframe trade setup needs eyeball attention thus your time applied to charts and screen time. True or not, it’s a traders choice. Besides patterns just jump out at you at times, so, trade what the market gives you... is what I say. On lower portion of this chart we see the lower setup and price action that is very similar to the upper pattern. Only differences are the size of the pattern. I still see it as a playable and still possible higher move in the pair.. after all strong momentum in between 2 levels of side ways price action says buyers in this case are still coming in as well as previous buyers are still holding on for more and not allowing price to come down much. The pink lines define a sideways price action. I placed pink line just above the upper level of each of the ranges. As well as a lower one. If your looking to place a momentum trade as prices pushes up and over the upper pink line at some point in the near future, then place a order just above the pink line. I’d also set a stop just below the lower range pink line. Placing a stop is important because false breaks do happen. That’s one way to play this... Another way is to place a order close to the smaller bottom pink line that is just below the bottom longer pink line. That line is at the 50 EMA moving average. Current price is above that price, however that EMA is often a point where price changes direction after it is challenged and then continues in the longer trends direction. Being that we are a few hours before the Asia markets open often there can be a sudden move due to low liquidity in the markets at that time of day. Should such a move happen we could capture a better long position price. Of course you’d set a stop appropriate to your own risk tolerances in either case or strategy. Number 3 way is to set orders up on both points using smaller size to accommodate again for personal preferences, style of trade, and or account size. By placing multiple orders at different points in or around a targeted area The overall orders might give you a better average price. That and no one really knows where short term tops or bottoms are and so entry prices might get filled or might leave you on the sidelines as a spectator to a move you found to be a high probability—-that also then became reality! Targets should as always should be at least 2 X your stop size. If you decide to trade this idea or any idea the risk of loss is always yours. Because there is no sure thing in trading and trading is very risky, plan your trades and only then trade your plan. In trading you either make dust or you eat dust. All the best in your trades.
Long
by PipsTradingClub