Updating the chart of my previous post about MACD 4C The above shows the indicator trading method in a AUDUSD M15 chart.
This indicator will add value and support the technical trader with a visual representation of the MACD histogram. The above shows the indicator trading method in a AUDUSD M15 chart. The indicator shows the histogram in 4 different colors. The histogram is displayed in Green and Lime color if the histogram is above the Zero line. On the other hand, the histogram...
Hash Ribbons is a long-term signal that is used to indicate macro bottoms on the bitcoin price chart. Analysis of its historical effectiveness suggests it is an important indicator for identifying a buying opportunity. Unlike the single SMA strategy, the Hash Ribbon works with two simple moving strategies, one 30-day moving average and one 60-day moving average....
What are harmonic patterns? Harmonic patterns are chart patterns that form part of a trading strategy – and they can help to spot pricing trends by predicting future market movements. They create geometric price patterns by using Fibonacci numbers to identify potential price changes or trend reversals. Harmonic price patterns are precise, requiring the pattern...
A Super Trend is a trend following indicator similar to moving averages. It is plotted on price and the current trend can simply be determined by its placement vis-a-vis price. It is a very simple indicator and is constructed with the help of just two parameters- period and multiplier. Super Trend calculation; Formula: Supertrend Upper Line (RED line) = (High +...
Trend trading strategies assume that a security will continue to move in the same direction as it is currently trending. Such strategies often contain a take-profit or stop-loss provision in order to lock in a profit or avoid big losses if a trend reversal occurs.
We have a beautiful and wide ascending triangle pattern on the stock. The stock continuously makes higher lows. The R25.80 level has been wall above. Market has been trying to pierce this level but it stood strong. If the stock finally closes through R24.82 I will raise my stop loss to R23.90 and add to my position.
It good time to entry, after price break and retest, i see price hit upper ch line, it should respect and ready for fall.
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1. Flag needs to finish. 2.EMA's hooking down? 3.Historical Pattern? 4.Price consolidate donwn? I like the pattern I see. Lets see what happens. Maybe we can get a bounce off of one or both supports!