Harmonic price patterns are those that take geometric price patterns to the next level by utilizing Fibonacci numbers to define precise turning points. Unlike other more common trading methods, harmonic trading attempts to predict future movements.
Let's look at some examples of how harmonic price patterns are used to trade currencies in the forex...
No. You'll see it.
There is no need to start loading up on AMEX:SPY Puts every time the market has a down day. The market will reveal itself with price action if your are patient and contrarian. There will be opportunity to profit from a real bear market move with lower risk and higher probability than trying to catch the top. Corrections and crashes only...
There are two things you have to master to create the best chart art:
1. The drawing tools available to you
2. Your chart settings
In this video, we show you how to create a blank canvas for chart art, infographics, and custom visuals. The first step to getting started is understanding how you can turn your chart into a blank canvas. Open your chart...
Hello traders and investors! Nio is dropping today, which makes sense, as we have a Red Friday today, and most indices are dropping around the world. Let’s start our usual Multi Time Frame Analysis .
First, NIO is losing the support level at the red line , frustrating the bullish reaction seen yesterday. The purple trendline is a strong resistance, and NIO...
Facebook is approaching some pretty significant levels.
Technically - An upward trend line that was formed in May is about to be tested again and price is moving very close to the 100-day MA on the daily chart. More significantly, this trend line and the 100-day MA are now running together, which may act as extra support. In addition, price is beginning to...
My friends, Bitcoin is now looking like it can easily test EMA50 as the next support level... EMA50 is sitting at $16700.
Typically, when we use the MAs as an indicator for support, the price doesn't stop exactly at the MA line but instead, a wick is left behind.
So, if Bitcoin is to continue lower and test EMA50, we are likely to see a wick that goes to...
There are plenty of opportunities to benefit from your "SUPER BULLISH" case on whatever the stock is... but day one being it has a horrible track record. IPOs are not done to make YOU wealthy!!! Including today's NASDAQ:ABNB
My video is not all FUD. I show a simple way to play them with a better chance...
This is my analysis on DoorDash (DASH), written prior to the IPO. Most of the information below is available from the S1 that the company filed to the SEC.
This is not investment advice. This was written for educational purposes only. You are responsible for your investments and trades. Invest at your own risk.
About DoorDash
- DoorDash (DASH) is America’s #1...
Target has been one of the most interesting large companies in the last 2-3 years. It’s managed to dodge the retail apocalypse, build a thriving digital business and enamor a new generation of younger shoppers.
The stock pushed to new highs after a strong earnings report on November 18. It then pulled back gently and is now trying to make a higher low above its...
Hello traders and investors!
As we all know the stock market has recovered very sharply and fast since March when we saw a strong drop following coronavirus lockdowns.
The monetary policy has quickly changed and caused a rebound on financial assets after QE, stimulus packages, and lower rates.
Stock indexes are higher, some even beyond March levels even though...
Another one of the big buys, Ethereum (ETHUSD), is also aiming lower...
What do you think will happen when big money flows out of Bitcoin, Ripple, and Ethereum?
Where is this money going?
The smaller altcoins of course... We are talking about thousands and thousands of altcoins.
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Back to Ethereum...
We can see prices moving below EMA10 and the exact...
The two charts in this idea show Tesla's stock price since its IPO. The only difference is one chart is a log chart and the other is a normal linear price chart. That's why they look different. Understanding log charts and normal linear charts is an important skill for all traders and investors. Especially when looking at price changes over long periods of...
CADCHF is currently moving in a range with the RSI being at 50, bullish pressure is coming in fairly strongly and there is still some selling pressure. My prediction is that due to the heads and shoulders created not only the graph but on the RSI indicator too, the price of CADCHF will begin falling into a downtrend in the near future. Price will either break this...
Many newbie investors get in trouble because they don't understand the relationship between share price and share count. If you're new to investing and you've never heard of "dilution," it's very important that you keep reading this post.
If I look at a standard chart of Spirit Airlines's share price, such as a upper chart above, I might conclude that the stock...
Hey guys!
So I've been getting a ton of messages asking me about my opinion on Tesla, and whether this is a long, a short, or what have you, and I thought I would make this post to illustrate the framework I'm working from when trading it.
From a fundamental perspective, Tesla has an unbelievable valuation. It's valued at 230 times 2021 Earnings, and at OVER...
Today, we will take a look to the most relevant structures we can see on the Daily chart. The consensus right now, is that the Market is in the biggest bullish bubble ever, with sentiment index showing high levels of Extreme greed. However, its not our work to say when the market will reverse. If the market keeps going up, you should be thinking in terms of long...
Investing for Beginners 101
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How do you build your investment fund?
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There is no silver bullet to it, and it is easy when you build it across an extended period of time.
Introducing the power of Dollar-Cost Averaging (DCA)! One of the easiest ways to get started.
DCA is an investment strategy...
Timeframes and technical indicator settings are ubiquitous concepts to technical analysts, two things that they will have to interact with at some point in point. For certain traders, they make part of the million-dollar questions:
"What is the best timeframe to use?"
"What are the best indicator settings to use?"
Where "best" refers to the...
