Hey Guys! I just wanted to post a quick tutorial on how to find legitimate Head and Shoulder patterns. In this lesson, I explain the 5 rules that a Head and Shoulders pattern must abide for it to be legitimate. Here's the rules: #1 Both necklines must be parallel. #2 The main neckline cannot be broken out of surpassed before the right shoulder's price level...
Picture No. 1 shows the price breaching the wedge pattern and a positive candle with a positive divergence on the RSI indicator.. More than a technical indication of a rise in the price to the top. Picture 2 shows what happened next. Idea: The outcome of any transaction cannot be expected just because more than one technical signal appears. Commitment to...
FOREX TRADING COURSE 101 (2021 Students) - Lesson 48 - How to Understand the **Original Fibonacci and the Contrarian Fibonacci** working together - PART 1! ***Students from 2022 - Please chedk other STREAM SCHEDULE!
I've mentioned before how RSI only uses closing price to plot its line. This means you have to wait for price to close before the final value of the RSI is valid. A trap I've fallen into is using RSI data that isn't complete. Let me give a few examples. This weekly chart looks promising. Bullish candle and RSI increasing. A few days later after the weekly...
This video is more about how to use the TradingView Screener to find stocks in industries you might be interested in investing in, and this example is just looking at Gas and Oil where a lot of the action is at the moment with possible shortages not only in Europe, but potentially all around the world if things continue the way they are.
hi there we all heard abut breakout's but normally price always put people behind therefor price make a spike but what should we do after recognize that. well there is some that we can doo about it first we must analyze the channel after it see if it's a week channel of a strong channel because there is high chance that chart 📉 might make another spike in the same...
1. Introduction The Moving Average Convergence Divergence (MACD) indicator created by Gerald Appel in 1979 (1) is part of the pantheon of technical indicators, being one of the most used and influential ever created. The popularity of the MACD allowed further studies and more varied applications of the indicator, from signal processing in neuroscience (2),...
Hello! In difficult times, investors become interested in gold, as has been done for a long time. But what factors affect the price of gold? Let's try to find out today. Reserves of the Central Bank Central banks hold fiat currency, but gold is also held in reserve. Ever since the US went off the gold standard, central banks have been building up their gold...
🎯 In the financial market the orders are on two categories. ✅ Market Execution orders LONG - BUY SHORT - SELL meaning that you are ok with the price on the certain asset and you would like to short or long it on the other side there is ✅ Pending Orders - meaning you are not ok with the actual price and you would like to buy/sell it later in time I use pending...
Consistency Power 🔰 Don't focus on short term results when trading, it's a marathon not a sprint. You can't become elite traders overnight 🔰 Don't care about short term results and single trade outcome, only look at the weekly,monthly results as they are not random as daily results,a single trade means nothing dont be anxious and change something in your...
💰 Balanced Market Occurs 1)Before any bigger economic events, news are expected (e.g RBI policy announcement, FED meeting ..etc) 2)Consolidation in the market after the uptrend or downtrend. 3)Low Participation from the Other timeframe players or Institutional players (Christmas & New Year holiday season) 4)Lack of liquidity(both buy side and sell side) in the...
🧠 How to keep Mind Healthy ? 🎯 Don't go against the Markets Always and always learn from your mistakes & try to never make that again. 🎯 Be Humble Patient and resist the ilussion that you somehow possess the alchimist's stone of trading, head down and work hard, cocky attitude will ruin your trading career How do you stay with a healthy mind in the markets ?
✅ Volume is an important indicator in technical analysis because it is used to measure the relative significance of a market move. The higher the volume during a price move, the more significant the move and the lower the volume during a price move, the less significant the move. ✅ Volume indicators are technical tools to evaluate a security's bull and bear...
structural breakdown of my currency pairs watch list for today Wednesday 09/03/2022 tutorial on how to break down market structure
In these charts, you can see the performance of Tesla, Lucid, NIO, and Rivian in 2022, which is -22%, -36%, -43%, and -59% respectively..! In the below analysis I added the Technical rating and Analysts ratings from the overview page of these tickers: My observations: 1- Technical rating show "Sell" for all 4 tickers! 2- Analyst ratings show Strong buy...
May come back down though before it goes through though or head to next pool.
G'day, Traders! Despite wars and rumors of wars there are always opportunities to be had in the financial markets, particularly the Energies markets. The purpose of today's trade example is to demonstrate that once a level of Supply and Demand are created in the financial markets, the rule of thumb is that a level is "good" until they are not... that is, until ...
Little educational post for you guys! If my analysis is correct & the current uptrend is Wave 5, an effective way to estimate how far this last bullish cycle will go is to go back & look at Wave 1, when Gold first started its uptrend in 2006. Wave 1 & Wave 5 tend to be very similar in how many PIPS they move, with a few hundreds PIPS difference which is very...