Get started

Tutorial

BZRX Break the Flag PatternBZRX has been a long sideway after the bearish trend. I see a price that has been break the flag pattern and resistance, and most likely the price to go up. There is 2 purple area box that I draw above. The first box below it has touched the harmonic price, and the next will be the correction that I draw in the chart then after the correction was done. If it rises and breaks the resistance, it will most likely go up to the price of the second box area (0.000025xx-0.000026xx). if not, wait until the red line support hit
B
by folound
Candlestick education - rest off between bull-runsHey guys, as we all know a chart/price doesn't always go up between a rest in between, but how can we understand its correction based on the candlesticks? 📍 right after a bull run we may see a red candle with huge wicks usually we panic after seeing those candles ⚠️ don't worry guys! If a red candle closes at the bottom of half of the previous green candle it's reasonable to worry because it shows less interest of the bulls🐃 📍 however, if the red candle shows us a huge wick at both ends it means that many took the advantage and bought the dip Do you enjoy my tutorial? Ask me if you have any question and/ or problems
NASDAQ:AAPLEducation
by C_EWAVE13
8
HOW TO DETECT TARGET ZONES?EURUSD (Forex): In the chart you can see my trading setup. The middle dotted trend line and the red zone act as resistance. Currently the price is rejected. First of all, this offers us a short opportunity. How can you find target zones? ❗️ To find target zones, I usually use distinctive highs and lows. In this case the green support zone. The first profits should then be realized in this zone. I also use the fibonacci tool to display possible zones in which I can sell. In particular, I pay attention to the 0.5 retracement in combination with the 0.618 retracement. In the chart you can clearly see that these zones roughly correspond to my own drawn zones.
Education
by TizTrader
How to Take Advantage of Both Market Directions?Today we will talk about a very common situation that occurs in the vast majority of traders (if not all), especially when we have just started to get into this bussiness. There is a consistent struggle between convictions, ego, and market views or analysis. This generates that we try to see in our analysis what we want to happen, or what we need to happen, and ultimately this the only thing that generates are psychological issues on the trader. The best way to remain calm and be able to trade in a cold and consistent way is to plan in advance all the situations that may occur in the scenario we are analyzing, and how we would act in front of them. In this way, we do not allow ambiguities and we will only take positions if what we are waiting for happens. And, covering both directions, we will not feel that we are missing something if the movement is the opposite of what we expect (as it would happen in case of analyzing only in one direction). In this case we will analyze AUD/JPY to show you how we carry out this analysis: 🔸First, we are going to detail our vision of the daily graph that is the one shown in the publication. 🔸As we can see, the price is in a clear uptrend, and when faced with the Resistance zone it began to consolidate for several weeks. 🔸From there, we didn't see a clear direction. When we detect that there is no type of trend or clear behavior, we stay out of the market and wait for an opportunity to happen where we can establish a clear horizon. 🔸What we propose to trade this pair is that there is a brekaout. It can be in a bullish or bearish direction. In case of being bullish, it must be from the Resistance zone and in case it is bearish it must be from the trend line. 🔸We are going to decrease the timeframe to show exactly what we expect: 🔸In this image we see the 4H chart. 🔸Basically what we detail is that we expect a break and then a retest / corrective structure. This is because it is a security add-on to avoid potential fakeouts (the trade can fail anyway, of course). 🔸Once we see the retest, we will have a new swing or structure to be able to position our entry and stop loss safely, with a favorable risk-benefit ratio. 🔸The targets are: Resistance zone in case of bullish breakout, and Support zone in case of bullish breakout.
Education
by ThinkingAntsOk
Support & Resistance Basics (Tutorial)Support & Resistance basics (Tutorial) Important facts about support and resistance: - In terms of support, the demand for an asset is particularly high - In terms of resistance, the supply for an asset is particularly high - The price can be seen as expensive or cheap - Many traders want to buy or sell there because the price is attractive - SUPPORT & RESISTANCE = ZONES: Technical analysis is not an exact science. Therefore it makes sense to mark support and resistance areas in ZONES. WHAT IS A RESISTANCE? Resistance is the level at which prices are believed to be strong enough to prevent prices from rising further. The resistance doesn't always hold up; a break above the resistance signals that the bulls have triumphed over the bears. WHAT IS SUPPORT? Support is the price level at which it is believed that demand is strong enough to prevent prices from falling further. Support does not always hold and a break below support signals that the bears have triumphed over the bulls. METHODS TO MARK SUPPORT AND RESISTANCE: Support and resistance share enough common characteristics to be effectively mirror images of one another. Highs and lows: Support can be made with the previous reaction lows, while resistance can be made with the previous reaction highs. Another phenomenon: -> Support becomes resistance (and vice versa too) As soon as the course breaks below a support level, this can be viewed as a new resistance. A break in the support zone signals that the sellers are more present.
Education
by TizTrader
How to use FIBONACCI TOOL1. Find a suitable trend / swing You can basically find trends in every chart. The fibonacci tool achieves the best results with strong trend movements. So look for strong impulses! 2. Detect the start and the end of the trend The Fibonacci can be used variably. In my experience, the longer swings work better. 3. Drag the fibonacci tool from the start to the end point Select the Fibonacci tool (shortcut ALT + F). Drag the tool from the start point to the end point. You can change and adapt the tool at any time. 4. Detect the most important levels 0.236 Retracement: - Suitable for high momentum trades. The trend should show high volume. 0.5 Retracement: - The most important and effective retracement. It shows the average movement and many traders buy at half the price. 0.618 Retracement: - Very effective in conjunction with the 0.5 retracement. The zone between the retracements is very often a support. 5. Use the levels to trade pullbacks The retracements are generally not a 100% probability of a successful trade. The interaction with other indicators and technical aspects is key.
Education
by TizTrader
Death Cross Chart Pattern - GoldA death cross occurs when the 50-day moving average crosses below the 200-day moving average. In addition we can observe the weekly EMA ribbon directly on support: Occasionally this is a setup, but if price falls below the ema ribbon that is considered very bearish - particularly on a weekly time frame. Additional Clarity offered on the death cross here: This death cross indicates, according to technical analysis, that the short term trend (50day) has fallen under the long term trend (200day). Treasury Yields are indicating the dollar may rise higher, and as those of us who have been observing the increase in the US Dollar see - a bullish DXY is a bearish signal typically for gold. The 10Y hit its highest level today since Feb of 2020 (which was pre-covid mania) This is because owning bonds offering a yield is preferable vs a commodity that does not offer yield. The Yield in Treasuries is direct competition with gold - along now with the new powerhouse on the block Bitcoin. Keep in mind as well that an ounce of gold now costs .03~ bitcoin! Chart will be provided below. It is also worth stating that Bitcoins market cap is now $975.2B. If we exceed $1.5T Bitcoins market cap will have surpassed silver which one could then assume the next runup will be targeting superseding Golds dominance. The other issue gold has to contend with is optimism from the broader market that as the nation opens back up, and consumers flush with cash we may see, and hopefully so, a broad economic recovery. The irony, and a strength for gold though is that the formula for inflation is M2*V=inflation. We all know that M2 has gone significantly higher, unprecedently higher. Velocity has been more than muted, it has been crushed. I would argue (and may get some counterpoints shooting me down, and I welcome the debate) that as the nation opens back up, we will see an increase in spending and activity and dare I say traveling and vacationing, home improvements, acquisitions of new homes to take advantage of low rates - which will heat up the economy & increase velocity. If velocity increases enough we could see a nice pop in inflation - not calling for hyper inflation, but even a conservative pop could work wonders for gold. Keep in mind that retail sales increased 5.3% in January which is indicative that those stimulus checks are indeed being put to work. www.marketwatch.com Pivot Points for Gold Targets: There is a lot to weigh out when one considers longing gold, but for now gold appears to be in a position where the gold bears have taken over, and the gold bugs are fighting for support. If you enjoy this chart please be sure to like it! If you see things differently I respect your opinion and would love to learn from it! Please be sure to comment and tell me why I may be wrong. And as always friends I wish you nothing but good fortunes and great success!
OANDA:XAUUSD
by ZenMode
89
How to Color Grade your Charts & IndicatorsHello everyone, in this video we are going to talk about the possibilities to personalize your charts and therefore improve your own strategy (emotionally) and the attractiveness for other traders. Feel free to check out the previous two videos where were talking about trends, candlestick- and chart-patterns. Cheers, Ares Basic understanding of Candlestick- and Chart-Patterns How to scale your charts & use the right timeframe
OANDA:XAUUSDEducation
by Anton_XBT
39
Order box trading This is educational :) You can see that the price is a bit "blurry" at the first order box. Why is this? Financial institutes never invest their whole money at the same time to get "stopped out" or "margin called". They do this to check how the price is reacting to their orders. For example, if they want to invest 100 million euros in a long position; firstly 20m, then 30, and then 50. This "blurr" will form what we call the order box. Now, what happens? All of the orders will not go to reality. maybe only 70% will. Then, when the price touches this order box area, the price will bump again as a consequence of all the underlying orders. This is what you see at the "support order box". Same thing at the top. Steps to spot these: 1, find the "blurr" 2, watch for confirmation (aka = second time it touches) 3, trade the 3rd, or 2nd if u are brave, it touches this box. 4, place stop loss just above the box But what for take profit? Place it in either the other side of the box, or eventually, at 0,618 of Fibonacci. I use this to trade with the trend and not against it. Questions? Ask them in the comment area :D
Education
by Spketss
4
Bitcoin. Triangle. Important areas. 58440. Work on a coinMade this idea to continue the previous one for the convenience of monitoring price movement. Work from zones of levels and trend. Everything is extremely accurate on the graph. Check out my previous 1.5 year forecasts for this trading pair. I think it will be very useful for you for educational and, as a consequence, for monetary purposes, views of my previous ideas and updates of work under them where I accompanied the price movement. Pay attention where the forecasts were worked out with sniper accuracy up to certain numerical values, and where they were not, or they were worked out after a rather short time. Below this idea, I have consolidated the ideas of training and trading for 1.5 years, which were not removed by the moderators. Who does not know, I cannot delete or correct when a trading idea has already been published. I try to give the most accurate data for work not for the "hamster" level. Be attentive, learn to see what is hidden from the blind and think. Learn, develop, gain experience in trading. Knowledge without experience is zero. Don't be theorists, be practitioners. Only the weight of your deposit matters to your trading success. Theorists cannot boast of this.
BYBIT:BTCUSD.P
by SpartaBTC
5
Fibonacci Extensions From ScratchHi traders! Evidently, every trader understands the importance of defining the trend with its support and resistance levels. Unfortunately, sometimes it’s kinda difficult or even impossible to do with basic tools. Nevertheless, traders have fixed the problem and evented some indictors that are able to solve this problem. One of them is Fibonacci extensions . Fibonacci extensions are a way to establish price targets or find projected areas of support or resistance when the price is moving into an area where other methods of finding support or resistance are not applicable or evident. As you can see, Fib Extensions is some kind of ratios.The ratios themselves are based on something called the Golden Ratio. How to build Fib Extension? During the up trend you should initialize the point of previous lower lower. Next point is the higher high and lower low again. The points should be consistent.
Education
by Skyrexio
2
Parabolic SAR From ScratchHi, traders! Today we’ll continue our series of educational articles. We hope you enjoyed the previous one and found it useful. We have already told about the necessity of identifying a trend . Most of freshmen and even experienced traders find it really difficult. There is even more difficult problem, though. Finding the most profitable points of entrance and exit is very complicated task for anybody. However, technical analysis gives traders some tools and techniques that simplify this task greatly. Today we’ll talk about Parabolic SAR (PSAR) , one of the best indicators for identifying trend reverses. Let’s have a look at it. PSAR is the line of dots which is plotted below or above the price candles. When the trend is bullish the dots are below the candles, when the trend is bearish they are above. PSAR calculation is rather difficult and we don’t want to bore you. One you should know is the main parameters – step and maximum step (default 0.02 and 0.2). When you increase this values, you increase the sensitivity of indicator, but at the same time sacrifice its precision, cause it starts catching lots of false signals. Whereas we decrease these values sensitivity becomes less, but signals are more accurate. Thus, it’s very important to find balance , in order to minimize lagging and get accurate signals.
Education
by Skyrexio
Gbpjpy - buyPrice is still in an uptrend, I just realized that price didn't retest a structure it broke in the past. Recently price broke structure and formed a double top but price never confirmed that structure as it fell and ended up retesting the double bottom it formed on the 2nd of March. Price got to that structure and retested it, before it reversed it formed a morning star then fully formed a double bottom and took off to where price is now. Its Possible price can get to 153.750 next. GJ is still in a uptrend due to it not breaking major levels of structure and not retesting it as it did reverse.
Long
by pmgai
XLM / USD + 600% Symmetrical triangle. On this coin, in a secondary trend that has formed an upward channel with an impressive step of more than 100%, a symmetrical triangle is formed near its base of the trendline. The price is clamped. Let me remind you that the "radiant cryptocurrency" made exactly + 600% from the breakout of the resistance level of 0.08572 to 0.59. These are not random numbers. The support level that is currently held is the 0.4 zone. There will be a denouement in the near future. Think about what action is causing the formation of such a pattern on the chart. This will give you an understanding of the ongoing processes of "interaction" and possibly with the correct application and profit. For more clarity of two of the processes taking place in the market now, see my old training / work ideas attached below this idea, which by the way I did on the example of the same XLM coin: 1) "Big secret" 2) XLM / USD Secondary Trend Financial markets are a psychological game of manipulating people's behavior with the help of the weak link of the bulk of people, that is, money (a resource for the embodiment of material desires), the final result is to achieve the required goal through the embodiment / non-embodiment of the desires of controlled people.
Education
by SpartaBTC
13