📚 LEARN MORE 💰 EARN MORE With ForecastCity Descending Triangle Definition: An Descending Triangle is a type of triangle chart pattern that occurs when there is a support level and a slope of lower high . It is defined by two lines: . A horizontal support line running through valleys. . A Downtrend line drawn through the peaks. The lower highs...
Ascending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows . It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows indicate more buyers are...
And there we have it... No pretty lines, NO stress, NO technical analsyis, NO more wasted time on the charts ONE of the main reasons for people wanting to trade forex is for not only the financial benefit but to have FREEDOM! so why would you then spend ALL DAY performing technical analysis on the charts 👀 in hand causing you the stress, the bad night sleep, the...
Ascending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows . It is defined by two lines: . A horizontal resistance line running through peaks. . An u ptrend line drawn through the bottoms. The higher lows indicate more buyers are gradually entering...
Ascending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows . It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows indicate more buyers are...
Bitcoin is coiling for its next move. The higher lows suggest strength, but BTC needs to secure a close above $12,100 to open the door to the $13,000 area. Keep an eye on $11,600 in the event of a pullback. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE ...
One of the biggest problems newbie traders face is FOMO - the fear of missing out. Case in point is $REKR. Now, we get in at $1.20 and rode it all the way to $5.50 a share. We saw the resistance at $5.50 and new that was where to exit. On Stocktwits, a lot of traders are chasing $REKR looking for the next move. In all honesty, the move has already happened. We...
blue arrow marks a 360 pip manipulation spike, these are used by brokers to wipe out peoples trades who have set orders or have SL set around key support or resistance areas, its easy money for the brokers! You can see how much of a key area this price was from our orange arrows pointing out where price entered the box and bounced using it as support, now the...
( circled ) here you are in no mas land half way in-between strong support and strong resistance, would you open a trade here? if you said YES then you really are gambling and should go to a casino, just ask yourself why would you throw money away on a trade that could go either way? you may as well put your money on RED or BLACK. You have to be patient and wait...
I'm not going to point out where price touches these lines as it really is simple to see that these levels have been used as both SUPPORT and RESISTANCE, how do people not spot these? Do they constantly walk around with eyes closed? or more likely with heads in phones on dating apps looking for there next sexual transmitted infection ;p It is so simple but yet...
I'm not going to point out where price touches these lines as it really is simple to see that these levels have been used as both SUPPORT and RESISTANCE, how do people not spot these? Do they constantly walk around with eyes closed? or more likely with heads in phones on dating apps looking for there next sexual transmitted infection ;p It is so simple but yet...
Drawn on the chart we have a key monthly support and resistance level ( been used as resistance in this chart ) On the monthly chart this level has been respected and touched the past 4 months... Get the chart up yourself and check you lazy bas#a'rds haha, You can also see this key monthly level has been respected on this chart ( 4H ) Now you can see why it is...
Also called a higher swing low trend reversal, an Inverted Head and Shoulders pattern is formed when price action within a downtrend traces a higher swing/pivot low than the previous one. The Inverted Head and Shoulders pattern can be formed because the sentiment that was formerly producing the downtrend is now possibly shifting and selling pressure is...
Hi everyone so far I can see this pair going either way: I have made plans for both cases if either is to happen. I have set tps as well as well as alarms in place. Happy trading , any questions let me know Kris
We will be consider to go long if only the price manage to have a clean break above the 23.6% fibo . Another good area to go long would be at 1300 if price fail to break about 23.6% . Technical wise , Price is still well above the 200 EMA . Be Patient , Do not rush to take a position . Let the price come to you . Just sit back and relax . Feel...
Support and resistance levels are critical in financial markets. They are very similar to pivot points, except simpler. When the price of a pair goes up to $10,000 and goes down to $9000 USD, that $10,000 USD zone is now resistance. If it bounces from $9000 and up to $11,000, the $9000 level is now support and the $10,000 resistance is now broken and could...
The butterfly pattern usually completes at 1.272 XA. However this pattern does have a variant, where it can sometimes complete at the 1.618 XA. This graph is an example of the variant