the big picture looking from a zoomed out perspective, i have seen the rising wedge we created for the all time high, i now looking at where we are can see we are possibly in a rising expanding wedge, with the end drop dependant on where we break, i have used the common thought of the 51k ish area to provide an idea of where we could break down to cheers love to hear your thoughts
W-patterns
nq. don't listen to market professionals.market professionals are constantly attempting to state the obvious to cover their own a**. if you want to win money you have to do your own thinking. If you get someone that knows what they are talking about and is interested in helping you out, you should be really greatful. Most of the time traders have some other agenda, like promoting a business or whatever other stupid bulls**** the folks that can't cut it try to get into. One size does not fit all, but in my experience, its best if the money incentive comes from choosing winning trades, not from retaining a monthly membership quota.
idea for area to land in next big dumpusing a number of trend lines that had multiple lines converging showing high and low point ends, im using same method to target an area for price and dates for the end of the next big dump
How to trade breakout. Breakout patterns What is a level breakout? A large number of orders are located behind the level. Either this is a limit entry order
if the price overcomes the level, or it is a protective order - it is triggered if the price goes out of our way and
overcomes the protective zone in the form of a level
-------------------
Share your opinion in the comments and support the idea with Like.
Thanks for your support!
EURUSD: Structure Trading. Your Confirmation to Buy🇪🇺🇺🇸
As many other EUR pairs, EURUSD is standing on strong horizontal support.
To catch a pullback from the underlined area, watch a potential inverted h&s pattern on 1H.
1.1767 is its neckline.
Wait for its bullish breakout (1h candle close above) as a signal to buy.
First goal will be 1.18
In case of a bearish violation of the yellow zone,
setup will be invalid.
❤️Please, support this idea with a like and comment!❤️
DXY - Possible downside DXY is showing signs of reversal. It formed a rising wedge which it broke out of last week. I have 2 areas of interest marked out. Fridays candle had strong momentum and closed as an engulfing candle so there is a good chance we could see a push up past the first AOI before coming down which will also give the 3rd touch of the upper trendline. Will be watching for signs of reversal throughout the week which will give us opportunities to go long on some xxx/usd pairs.
ETHEREUM - UPDATEPrice has broken out as i expected. We now can look for entries here. We have a break of the outer trend line and now can properly place an ascending trend line, we also have structure. Daily TF is still bearish but 4H is now bullish and i beleive we will be heading upwards. See previous ETH post for what i was anticipating.
EUR/USD - Bullish ScenarioAs is stands i am expecting the DXY to go down (See previous post) which means we will be looking for XXX/USD Longs. Here we have EUR/USD which is at a AOI for me, its forming a falling wedge along with the DXY forming a rising wedge giving good indications that we could see a reversal soon. I have marked out 2 Long scenarios here.
Risk entry will be the 3rd touch of the bottom trend line
Safe entry is break and re test of the falling wedge
Lets see what next week brings! :)
The global market crash of 2020 and the invisible recessionThe global market crash of 2020 and the invisible recession:
Laying over a select number of my tweets from 2019 and 2020 with calls for the a 40% correction, the start of the recession, and tentative dates for the global market crash.
I was off by a few days, but it's hard to predict the future. Obviously, right?
Also, I had my confirming signal exactly two years ago in July 2019 which is why I am sharing this now.
2 years since from confirmation.
I used various dark patterns, analyses, and techniques which gave me then the confidence that there was a black swan underway.
Unique Pattern BTCThis is the strongest Bitcoin Pattern. Its called the Ladel Pattern, and it Starts when BTC reaches All-time high.
The Ladel pattern has been consistently appearing at every major all-time high of BTC. And the accuracy of this pattern is pretty high as you’ll see in this video.
People are used to “One Size Fits All Patterns”. The ladle pattern is proof that each Currency/Stock does have their own unique patterns that cannot be found in the traditional textbook pattern list.
Success Rate of Popular PatternsRemember Do not trade solely on Patterns only. Ultimately, traders should seek out the best combination of patterns and price action to create an analysis strategy that works for them. Experiment with different approaches and combinations until you discover a method that suits your trading strategy and goals.
Here are the success rates for these patterns:
Inverted Head and Shoulders Pattern (83.44%)
Head and Shoulders Pattern (83.04%)
Bearish Rectangle Pattern (79.51%)
Bullish Rectangle Pattern (78.23%)
Triple Bottom Pattern (79.33%)
Triple Top Pattern (77.59%)
Double Bottom Pattern (78.55%)
Double Top Pattern (75.01%)
Ascending Channel Pattern (73.03%)
Descending Triangle Pattern (72.93%)
Ascending Triangle Pattern (72.77%)
Bull Flag Pattern (67.13% Success)
Bear Flag Pattern (67.72% Success)
Bullish Pennant Pattern (54.87%)
Bearish Pennant Pattern (55.19%)
These success rates presented are the result of a study conducted by a group of professional traders. They studied 10 different patterns independently from one another in 5 different markets (Forex, Futures , Equities, Crypto and Bonds), for a time period of 22 months with more than 50 case studies for each and every single pattern.
EURUSD pattern trades 15min week of 7/415 min time frame. green line is start of this week. Singular lines mean patterns only visible on smaller time frame, more lines mean you can see on 1hr, 4hr, etc. Circles are entries, the lone X down there is the one exit for the short. Maybe if I markup usdcad I'll see better timings for my entries....