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W-patterns

NZDJPY , SWING ON SHORTS ..!!From the daily time frame we see the price action has reached a resistance trendline , based on the previous 2 touches . what we understand from the previous movements of the market we will be looking for a chance or rather confluences as to why we vouch it to sell based to the lower time frame , in this case the 4 hrs. time frame is best fir , where we will constantly be at the search of selling structure or concrete reversal pattern . and possible entries .
Short
by DIGITALASSETSINC
The Bubble Could Pop Like It Did In 1929I and others who try to spot patterns in charts are starting to see a lot of similarities compering bull run from the 2008-2021 and the one from 1921-1929. You can clearly see that patterns are profoundly which to be honest, it keeps me up at night. Stock market as well as crypto market are VERY high. In last few years/months. everyone wants to become a day-trader or whatever, and having a mindset that everything can only go up from here. It was the same mindset back in 1928-1929 where everyone knew about the stock market, getting overleveraged and promoting it as it could make you rich over night. It is the same now so i want to worn people about all this. Don't listen CNBS and financial media as they are only there to create liquidity for the institutions so they can sell when the time comes. That time is right around the corner. Also a fib. extension levels extended over previous fall in 2008 takes us to around 11-13% above where we currently are with DOW. Don't be naive and say that this time is different. It's not. Maybe the fall will not be that dramatic as the bubble is not as big as it was in 1929 but we certainly could and probably will fall below the bottom of 2008 ( roughly to 6k), so don't be surprised if it turns out this bear market is longer and deeper, because we need such correction for the market to stay healthy. I am not financial advisor so non of this is a financial advise, just a BIG warning to you all. DJ:DJI
DJ:DJI
by AVA37
8
Ethereum: A clear path ahead for the end of 2021Head & Shoulders Explained The Head & Shoulders Pattern & Inverse Head & Shoulders Patterns are quite common on Bitcoin and have had great results on the higher timeframe charts. Here are the main characteristics: • VOLUME MIMICS PATTERN • 3 PEAKS, LEFT & RIGHT SIMILAR HEIGHT • TRIANGULAR IN APPEARANCE • FOUND AFTER UPTREND • HIGH SUCCESS RATE • CAN BE SLANTED Price forms 3 distinct peaks after a strong uptrend, the left and right peak should have a similar height (shoulders), the middle peak (head) has to be the highest or this can not be a HS pattern . They should seem triangular in appearance but as long as it fits the main characteristics can still be a valid pattern. The right shoulder should form a lower high which is a early sign of trend change, this is entry A, with entry B being the bearish retest of of the “neckline” (marked on chart #2). The idea is to gain an early entry on the pattern at point A to maximise profits and reduce risk. Once price moves above the middle "peak" it is likely that the pattern is not valid anymore so this allows us to get a tight stop loss upon entry. We measure the height of the pattern and add it to the breakout level for a maximum possible price target. Volume should also paint the same pattern with the 3 peaks, strong volume on breakout increases success rate. ----------------------------------------------------------------- What is General Pattern Failure? General Pattern Failure occurs when a chart pattern breaks out, fails to hit target, quickly reverses then rejects off that same breakout level back inside the pattern continuing in the opposite direction of the breakout. Pictured above in the original post on the left (its quite small but zoomed out to get the bigger picture) is a normal breakout on a Head And Shoulders Pattern. Note how it matches the first example (top left, "Normal Breakout"). General pattern failure can also be considered a Liquidity Grab or can be referred to as a “Fake Out” also when it happens more rapidly after the original pattern breakout. In this example (top right as the example, pointing to the live chart at bottom right) it has come back up to the Head & Shoulders pattern after a long extended period of time, this doesn't mean the failure still cannot occur. Once price gets back inside the pattern chances of higher prices are more probable. ----------------------------------------------------------------- Learning to trade patterns such as these can provide great opportunities if you understand price action and how to identify the key areas of the pattern that other traders and investors may be focusing on too, these areas become important psychological levels on the chart. If you found the idea insightful please share, like or comment, Thank you!
FTX:ETHUSDLong
by Worth_The_Ri5k
A case for both Bears & Bulls (Fractal Repetition or Bear Trap?)Noticed that $BTC is potentially repeating a pattern that we've all seen recently... We could be seeing either: - A highly coordinated bear trap.. or - A continuation of the current correction.. Thoughts?? *moved the pattern down a bit to make it easier to see* Now while pattern similarity doesn't necessarily mean guaranteed PA (Price Action) this is still a concern to keep in mind... A side note However, is the US and Asian Stock Markets have been quite undecided as of late, maybe we see a correction on them which causes a drop in crypto (due to the correlation) ? Here are my current thoughts: ^Above is the fractal shown Now taking into account some of my previous charts on the stock indices, We could see a correction from them which causes Bitcoin to finish off this fractal it's been painting? Here is a combined ticker on global stocks: Having a look at SPX we can see a potential bearish setup also as it's currently breaking down: And we have a similar situation for the following 3 indices: Bearish setups and/or bearish breakdowns.. With the potential correction on various stocks, this could complete the fractal for BTC as shown in the chart... or It's just one major and elaborate bear trap before a major bullish continuation... A well thought out bear trap makes sense from a Macro point of view also! However, Only time can tell from here, But it's good to keep in mind this fractal & the information above.. Good luck! Related Ideas below: Some food for thought that's for sure... What are your thoughts?? *Symbol tags below, Ignore these* INDEX:BTCUSD BITSTAMP:BTCUSD COINBASE:BTCUSD BITFINEX:BTCUSD BINANCE:BTCUSD BINANCEUS:BTCUSD FTX:BTCUSD GEMINI:BTCUSD BINANCE:BTCUSDT KUCOIN:BTCUSDT HUOBI:BTCUSDT OKEX:BTCUSDT BITTREX:BTCUSDT POLONIEX:BTCUSDT COINBASE:BTCUSDT BINANCEUS:BTCUSDT FTX:BTCUSDT BITSTAMP:BTCUSDT BINANCE:BTCUSDTPERP BYBIT:BTCUSDT BINANCE:BTCUSDT_PREMIUM SP:SPX TVC:SPX OANDA:SPX500USD DJ:W1DOW NASDAQ:NQGI NASDAQ:NQGM CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 CRYPTOCAP:TOTAL3 INDEX:SATSUSD BNC:BLX *Symbol tags above, Ignore these*
INDEX:BTCUSD
by RandomOracle
19
$AAPL Drew this on 10.12 Inverse H&S bottom, needs neck-L break Hello Traders, I drew the attached on 10.12 for a discord group I'm in and the H&S Bottom pattern still stands. If it breaks the neckline we should see a reversal and a continued push higher (although, today I did circle that the closing price is currently at the exact edge of my regression channel). As I mentioned in my previous recent posts, the market has been a bit indecisive as of late so make sure to manage your risk. We did see the VIX drop way down to about 16.80 down from yesterdays high of 20+... So things are cooling off a little bit. Today felt like the markets equivalent of a sigh of relief, gapping up past SPY's resistance overnight and ending the day near the high. Feeling much more bullish going into Friday. Good luck! Cheers, Mike
NASDAQ:AAPL
by UPRIGHTTrading
Is something big coming?If you don't know about the VIX, why are you trading? It's an index of volatility in the S&P500. But.. but.. hold on. What happens in the S&P500 affects loads of other things, like key forex pairs e.g. AUD, NZD, JPY, USD It won't tell you about entry and exit points in your trades. But it could tell you when markets are very volatile. Wait - aren't traders supposed to love volatility? Well, yes and no. There are basically two types of traders: 1 - those who know how to exploit volatility with sound strategies 2 - those who fear volatility and are basically gambling. I'm not saying anything about any trader who reads this. What I am saying is, "Get develop the skills to exploit volatility." So what does the chart show. It's showing that the Vix is wild and that every few months, it goes into a frenzy. I don't expect the Vix to have a regular interval. If that was the case then 'everybody' would wait for the right time and make a killing in the markets. I'm saying that the last long run of lowish volatility may herald a new round, as folk get shaken out or make millions. This is not trading advice. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
CBOE:VIX
by Captain_Walker
6
price action patterns you need to know ( part 3 ) hi my friends , i'll share with you some patterns which can help you in trading and make it easy . we find double bottom in downtrend and this pattern mean that price will change to the opposite direction ( long ) and we can use the line as a confirmation . double top appear in uptrend as signal of price change ( short ) and we can use the line as a confirmation . note : both of them ar reversal patterns please support me with like and follow me for more ideas .
Education
by Diamond_Chart
AAPL Short (PT: $137)- With the current state of the market, AAPL can still see a drop in price. If we look back on the chart, we have a strong support zone of around $137. This zone is also confirmed by a gap up back at the beginning of July. AAPL will have to fill that gap up and it will hold that zone because in the past it was a strong area of resistance. If we don't hold the support then I will be watching 134.40 all the way down to the POC line for the next area of support. - Another indicator I am using to show AAPL will keep heading down is the gap in the volume profile. On the right of the chart, the level we are at is right above the gap, if we don't hold this level on the next trading week we could see it fall through. - A counter perspective we could see playout for the next trading week, is AAPL breakout above the trendline it has been following these past few weeks. A point to support this is the RSI divergence seen this last week of trading.
NASDAQ:AAPLShort
by Canoesurf
Pattern seeking!Is this the Wyckoff Pattern or something else? Whatever i see i saw often in the Bitcoin chart that there is for a specific time a recurring pattern. And it gets smaller and smaller. Than big again... What i am talking about are fractals. I dont know if i see it because it is my trading style and i see other traders trading like me. Or are that the algos?? Idk. But i trade what i see. And when i see a recurring pattern it helps me to position myself and trust in that what i see and trade. Just a crazy idea. But the ratios the pattern repeat are also in a quite interesting ratio. I just can recommend to read more about Mendelbrot and the chaos theory.
BINANCE:BTCUSD.P
by Cashflowjaque