Hello everyone, Sorry for the messy chart but I promise its very very helpful. Try reading it as a story, that should help you get the idea. Also, try zooming in and out to have a better view of the wave at any certain point. Sometimes its good to look back at charts and see what you've done wrong and how you missed some signs. Personally, I did not trade every...
Maybe you heard or read somewhere Warren Buffett's opinion about TA: "I realized that technical analysis didn't work when I turned the chart upside down and didn't get a different answer." Let's review this, taking into account described before paradigm of scientific analysis. Remember in this approach TA is not defined. Buffett got chart of some stock and...
In this video I look over a few indices and the VIX. There is a problem i.e. the news is saying one thing, but the charts are showing something rather different. I look at some trendlines, channels and patterns. After many years in trading I'm no longer obsessed with the names of various patterns. The overall pattern is what interests me more. The news is...
The Double Bottom Reversal is a bullish reversal pattern typically found on bar charts, line charts, and candlestick charts. As its name implies, the pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in-between. Although there can be variations, the classic Double Bottom Reversal usually marks an intermediate or...
Dear All, If you follow my previous TA, this is the part of it and a details analysis on the breakout of the Symmetrical Triangle. Since this is Educational TA, let me explain in details; What is Symmetrical Triangle? 1. Symmetrical Triangle is a continuation Pattern. So you need to look where is the entry. For this case, the entry is from bearish trend. Once...
Hi All, Previous Bear Flag and Raising Wedge Target is complete and lets see latest pattern. Since Daily Stoch still bearish, we probably will go another bear pattern. Symmetrical Triangle. Symmetrical is a Continuation Pattern. Since the Entry is from bearish trend, it will continue going downwards. MACD and stoch RSI in 2 hours look bull, but probably denied...
The covered call involves writing a call option contract while holding an equivalent number of shares of the underlying stock. It is also commonly referred to as a "buy-write" if the stock and options are purchased at the same time. *REFER TO CHART: for further information: 1) Buy in lots of 100 shares TTEC 2) Current price: $36.80 3)Purchase price: $36.80 4)...
Hi All, This is only part of the Bitcoin details analysis, to follow up my full details analysis, click HERE From This charts, similiar to previous charts, Bearish signal found where; 1. Tenkan move further than Kijun, this to indicate more downtrend line 2. Price move below cloud 3. Chikou span cross the price and move below the price 30 days ago. 4. Cloud...
Hi friends! Welcome to this update analysis on Cardano! Let's get it! Looking at the four hour chart, you can see that ADA/BTC has surpassed the original head and shoulders target that I gave, back on 2/15. Now, Cardano is continuing to head lower, in the direction of my second head and shoulders target. The second target, at about 1683, represents a retracement...
I taught i would try to make a XLM market cycle analysis with known patterns for educational purposes from the bearish perspective. It has to be noted that, what comes from this hour on forwards, could be well depended also from the macro forces on the market ( BTC movment, and roadmap). Start from the Pink text box and work your way down. I have charted...
Time to update XLM one last time for this move. We are looking at the 1 hour chart. This market did produce a decent move up. I added a set of fib numbers as you can see on the far right of the chart. These fib numbers show the retracement levels of the high at the top of the trading range that brought price to the support level where price bounced from. For those...
There's not much value to be had to say exactly where the bottom is, but I want to summarize what I (and many) have done wrong in the weeks preceding this bubble burst. Still, first let's look at the bottom : From ATH to neckline was a drop of 7250; target is 100% retracement to 5.5k. From the bull trap to the bear pennant drop of $7750; target is about...
Hey, I am back with another, this time educational analysis. In this educational analysis you can see some obvious patterns in the chart, that helps you decide when to buy or sell. Simple usage of just three indicators, Volume , RSI , and MACD . At first I though, sure, how can some pattern show me the price movement.. But I was wrong. Ok, so in the time...
Part 2 Fundamental noise filtering I place far more weight on fundamental analysis then technical. At first I thought it was useless as half the news or analysts would say one thing and the other half would say the opposite. the trick is to only look at sources that can reliably and logically be shown to have a impact on the market. Who has an impact on the...
First time charting, feedback appreciated! Trying to identify whether this will break through demand and if i was right in spotting Bearish Flag. Thanks
The 50 and 100 sma are my guides for price movement on my charts. Price trends, ranges or consolidates. When price moves in between the 50 and 100 sma I call that my in side range. Price can move quickly through both or mostly it will consolidate. If I enter an inside range trade I do not expect to have price momentum going through that space. Also many times...
When you analyse charts, what picture do you see? Is this the type of a candle or the position of a moving average?Perhaps you prefer Fibonacci analysis alone? But are these techniques explain what really happens on the market and could truly predict what is going to occur? Today we would like to show the true nature of every single chart and how forecast might...
Risk Management (RM) is a heavy part of trading any asset class. What amount of risk or loss are you willing to take? And how do you limit your losses? In my years of technical trading, risk can be limited by the entry point, buying close to support and selling upon the break of said support. This works both ways, up and down. Up and down you say? What does that...