A rising wedge in an up trend is usually considered a reversal pattern. This pattern is at the end of a bullish wave, by creating close price tops, shows us that the supply has intensified and there is a possibility of a trend change. Of course, nothing is certain and if the buyers are more willing and strong, this pattern may be broken in the direction of the...
Here is cross-sectioned candlestick shadow and quantified amplitude of the shadow. The indicator marked with a horizontal ray identifies the "strength," or "intent," of the continuation tweezer pattern. Unfortunately, a trader should wait to put a bearish resistance under the tweezer support swing.
Just so you know. I believe if you’re following a world renown and successful Penny Share expert, you’re in good hands. They are able to spot low risk investments and guide you through the process of owning great Penny Stocks. But as a trader , who only looks at charts – THIS IS DANGEROUS TERRITORY. Remember, Penny Shares are high risk, high volatile, low...
In this edition, I tell you the products I'm looking for sellside coming into NY AM. I am not super confident on my read on price right now.
Investing plays a crucial role in personal finance, serving as a vital avenue for individuals to expand their wealth and financial security over an extended period. Despite its significance, numerous individuals shy away from investing due to various perceived obstacles that hinder their progress, including a lack of knowledge, fear of risks, and limited...
The key is to count the waves correctly. Once we have an extension, we can use the Fibonacci tool to validate and set our entry traps. Enjoy.
The FVG is unarguably most ICT traders' favourite entry level. However, there are little things to pay attention to: 📌Does it have enough imbalance/liq to make price turn from that level? 📌Is there another possible level price might seek liq into? Price will always seek liquidity. If we're working with a FVG, it should have enough Liq within it in form of its...
Many believe that a well-defined, simple, and robust trading strategy can help a trader acquire gains that outperform the market or purchase undervalued stocks in hopes of outsized returns upon rebound, but is this the case? Students of the Efficient Market Hypothesis (EMH) would argue that fundamental and technical analysis are pointless approaches to the market...
✅In the world of forex trading, understanding patterns and trends can make all the difference between profit and loss. One popular pattern that traders often look out for is the double bottom, also known as the "W" pattern. ✅The double bottom pattern occurs when the price of a currency pair reaches a low point, bounces back up, dips again to the same level,...
In the evolving world of finance, cryptocurrencies have carved a unique niche, attracting investors worldwide due to their potential for high returns. With over 6,000 cryptocurrencies in existence as of mid-2023, investors have a multitude of choices when building a crypto portfolio. However, the inherent volatility of the crypto market also means a higher degree...
when approaching the market one must remember that price is one meaning that it is truly just going in one direction in the long term view. price is a creature of habit like anything else in this world once we fully understand this we can start looking at its observable patterns that has been hidden in plain sight. as spoke on before price or "they are to big to...
Gamblers, NFT's and Fake Goo-Roos. In the world of NFTs and crypto trading, engaging in such activities could be likened to participating in a futile endeavor. Presently, there seems to be a dearth of newcomers entering this realm, signifying a stagnation in its growth and potential. It appears to be nothing more than a game of fleeting excitement, comparable to...
The significance of psychology in trading cannot be overstated, as it serves as a cornerstone for achieving success. Failure to acknowledge its importance can have disastrous consequences. A notable example is the case of Nick Leeson, who single-handedly caused the downfall of the venerable 200-year-old Barings Bank, a financial institution of such stature that...
In the world of technical analysis, a flag pattern is a technical analysis pattern that describes the price movement in a stock or other financial instrument. The flag pattern consists of a small rise followed by a long period of consolidation or trading range, resulting in a triangular or rectangle shape on the chart. It is considered a continuation pattern,...
When it comes to analyzing price charts, simplicity is often the key to success. Overloading your trading chart with numerous tools and indicators can lead to confusion and hinder your decision-making process. In this post, we will explore the benefits of removing unnecessary and useless tools from your chart, enabling you to focus on the most crucial aspects of...
Mastering timing and time framing in trading can be a challenging but essential skill. Once you grasp it, you'll be able to navigate the market with confidence and see through the noise of fear, uncertainty, and hype. Here's a breakdown of how to align your trades with different time frames for a clearer perspective: Bigger Picture: Start by analyzing the monthly...
Hello everyone! Happy weekend! I will be releasing a fun little indicator I made for myself that converts tickers into a desired currency. As I am Canadian and I trade both the TSX and NYSE and hold money in both currencies, one thing I try to remain vigilant of is the current currency and exchange rate. When I started trading, I used to be kind of ignorant to...
Hey traders, In this post, we will discuss 6 crucial things in your trade planning and the main elements of trade results assessment. 1️⃣ - Before you open a trading position, make sure that you analyzed the chart. You should identify a market trend and spot major key levels. Here on WTI Crude Oil I have analyzed key levels and came to the conclusion that...