Triangles are corrective patterns and diagonals are motive patterns. Upon completing a triangular pattern the trend resumes. Ending diagonal marks the end of a major wave or a trend and signals upcoming trend reversal or major correction. Leading diagonal marks the start of a major wave or a trend after a major correction or reversal to previous trend. After a...
#breakout #Candlestick #TA #Tocademy Hello. This is Tommy. The lecture material I prepared today is a concept that must be well informed by TA(Technical Analysis) traders, especially in recent market where untraditional patterns, price actions and trends, as we call ‘scam moves’ occur all the time. I bet you are familiar seeing retail traders or chart analysts...
We know that not all candles are the same. Statistically, various candle patterns are only as reliable as flipping a coin. I'm stating this, having analyzed candle patterns in the past early in my journey. Many don't talk about looking at each candle for what it is and reading the story that it tells you. Every candle tells us a battle that was fought and which...
Following on from our last post on DXY, we have moved up a considerable amount. In our last post we identified the higher timeframe impulsive move and waited for a catalyst, NFP, to move the market in our direction. See our previous post below: In Elliott Wave Theory, the impulsive wave can be broken down into the following 5 waves: Wave 1 - is made up of 5...
If you look at the price charts for many cryptocurrencies, there is often a very sharp, sudden spike in their earlier days. Most cryptocurrencies’ charts either have a more or less gradual decline or increase in price, or display a virtually straight horizontal line, indicating not so much a lack of volatility as a lack of trading or interest altogether in the...
🟢Candlestick patterns and models in technical analysis can be used to predict future price movement. ⚠️There are many different candle patterns. Not all of them work equally well and often their form is quite subjective. Therefore, it is not necessary to make trading decisions based on patterns alone. It would be best to combine them with support and...
I would very much like to share with you my knowledge about the behavior of large players in the market, how to notice them and how to use it. It's very interesting and in fact you can talk about it for a very long time, people have been studying these strategies for years. I will try to explain the simplest first, this will be the first part. If you look at...
I recently rediscovered an indicator I made a while back. If you're familiar with my other indicators, you'll remember they are viewed from the side moving past us. In that view we are looking into a field of waves moving perpendcular to our frame of reference. Here the wave ithe view is if we were standing in front of the wave watching it movING towards us...
Will it nifty started to move uptrend after 3 swing down to 15860 level. In 15 min chart looks like wave 1 as completed and wave 2 ABC structure formed to down side, we can expect wave 2 to downside upto 16950 if crosses below that level wave count are invalid. If nifty started to upside from present level and crosses 17400 than 3 wave starts we can expect nifty...
Many of you probably aren't familiar with a trading strategy called basket trading. I got first introduced to it from my Forex trading days and immediately saw its value. I apply that to Crypto trading to minimize my losses and keep my trades stable and less volatile. It also allows me to harvest profits as targets are reached. Here are the facts about the...
✅Trading on the market consists of two different, but equally important tasks, namely: market analysis and the ability to trade. ✅Market analysis is a technical or fundamental analysis of price movements in the market, and trading is the ability to competently place orders for the purchase or sale of various market assets in order to make trading as...
Gold beginning to grow again after a lengthy accumulation phase. Expecting better than average volatility.
Smart Money Concept or rather 'SMC' is the new retail approach to the market with virtually everyone involved with this method yet people are still loosing money and blowing accounts, the question is why? Click on the video and find out.
#Educational Post For Learning Purpose. How To Draw Order Block. How to Take a Profitable Trade Thank You, Traders, for Your Support Like and Follow.
🟢The main rule of using Moving Average is to track the general direction of the moving average: it indicates the dominant trend in the market. It is worth making deals only in the direction of this movement. Such a simple rule makes the moving average method a convenient tool for short-term forecasting. 🟢A universal tool in almost all markets is a simple...
Triangles are a holding price pattern that separate 2 Impulsive moves. They are very reliable and you can profit hugely from them. They only appear in wave 4 or B in a Correction.
FROM the FOREX COURSE 101 - Weekly Lesson: Points to remember about the 2 Fibonaccis: The ORIGINAL Fibonacci: 1. We use the Original fibonacci to determine TREND DIRECTION! 2. We compare Trend Direction from the Higher TF to the Smaller TF. 3. To enter High Probability trades we should trade Fibonaccis that show alignments! 4. Never Forget: The Gigher TF controls...