Unlocking the Secrets of the Rising Wedge Pattern 📈🔍 ✅The rising wedge pattern is a powerful technical analysis tool that can offer valuable insights into potential future price movements in the financial markets. This pattern is characterized by converging trend lines, with the upper trend line sloping upwards and the lower trend line sloping downwards....
In this video, I will be sharing How To Trade Like Banks Using Accumulation & Distribution and give my forex tutorial so you can watch it to possibly improve your forex trading skillset. The concept of accumulation & distribution in forex trading is very important to understand the cycles that the market goes through and not remain trapped in sideways moving...
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 chart is a normal breakout on a Inverse Head And Shoulders Pattern while the...
In this example on the PRAX Daily Chart, you see a bullish double bottom fail to extend to new recent highs due to it being a part of a larger bearish pattern. It demonstrates that the typical behavior of chart patterns can fail to produce their typical results if found within larger chart patterns.
In this video, I speak on the patterns that you need. that means---discard the rest you use. These patterns for the basis for... The other chart patterns. Learn why. Let me know the chart patterns you've been using in the comments below.
hi my friends , i'll share with you some patterns which can help you in trading ( part 2 ) 1 - symmetrical triangle appears in both an uptrend and downtrend trend . How we use it : You can enter after the break either down ( short ) or up ( long ) with good volume candle . 1- head and shoulders happens in an uptrend and is a reversal pattern , you can...
TOP REVERSAL PATTERNS At the end of a trend, there is a typically a reversal pattern indicating to us that the trend is about to reverse. There are 3 main patterns that you NEED to know. 1. Double Top / Double Bottom A double top /bottom pattern is a chart pattern that consists of 2 consecutive peaks of similar height indicating that there is not enough...
Create Alerts And Wait Patiently There are two key steps to creating alerts: 1. Find Important Price Levels Do your research. Find a price level that looks important and wait. Patience is everything. You have all of the tools available to you to research and follow markets. Whether it's a simple trend line , moving average or a custom Pine Script, use the tools...
Creating A Trading Plan and Executing A Trade As with all great trades, we require a trading plan. This is a perfect example of how to analyse, execute and manage your trade. See linked chart for the initial trade idea. See below for a step by step guide on how we entered this trade and what we looked for. Goodluck and trade safe! Mar 26 Comment: First step:...
Hey traders so in the last lesson we spoke about how the Head & Shoulders pattern is great for spotting tops and bottoms in the market. Today I want to introduce you to the most powerful formation in all of technical analysis called The Narrow Sideways Channel. This is every traders dream to learn how to catch the big moves and profits that make history in the...
Key Patterns Of Price Action Key patterns of price action. Below I will describe several key patterns, but on the diagrams you can see the analysis from a technical point of view. And also please pay attention to the rules, which I do not advise to ignore. The Cup with a handle pattern is formed according to the following logic: - On an upward movement, the...
When I was learning how to trade and when I was watching and reading different trading educators, these words naturally pissed me off. What the hell are you talking about? What confirmation? It was a full-blown mystery...🤯 Then, once I started to mature in trading and trade full-time, I became an author on TradingView. Posting my forecasts and trading setups, I...
W pattern is directly opposite of the M pattern as you could probably assume Using GNOUSD as an example we can see the W breaking out and completing its formation In doing this it seemingly forms what I would call a 'Handle' for the pattern Observing this allows the comparison between the two patterns (W and Cup and Handle) Also the observation of a clear cut...
Hey Traders so today I wanted to make a brief tutorial on technical analysis for those who are new to trading. This will be a short series that gives you the tools to understand the charts without any indicators ever needed. This analysis can be applied to all markets Stocks, Forex, Commodities, Crypto etc... Be on the lookout for future videos in the series and...
If you are sitting in front of your computer screen, looking at charts, and asking yourself enough times... "how can I make money out of this?" ... this is what you're eventually going to be doing. Make these drawings enough times and you should not only expect to make money, but you should be annoyed if you aren't. Don't let anybody else tell you what's right...
This will be lacking greatly compared to the book, but I have done my best to create a mirror image and explanation of one of the ideas. There are actually several important ideas that would help you generate what it is I have attempted to simplify here. I think if you try to draw value from this you might end up hurting yourself... But this is a place for me to...
After my last couple of posts, I want to ask the question rather than just throwing ideas out there! What aspect of trading do you fear? Why? What do you think you could improve on? Anything!!! Be interesting to see comments. Personally, I can overanalyze and talk myself out of good setups. I've also been knowing to jump in trades too early. This could be...
I've been in this trade for some time now so I thought I would share my approach on How I Successfully buy the dip. Hope you enjoyed my first tutorial, many more to come. Follow me and stay tuned on many more ideas and tutorials from an Insider.