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Support and Resistance

📊 Chart Pattern Basic | Lesson #1Double Top A double top is a reversal pattern that is formed after there is an extended move up. The “tops” are peaks which are formed when the price hits a certain level that can’t be broken. After hitting this level, the price will bounce off it slightly, but then return back to test the level again. If the price bounces off of that level again, then you have a DOUBLE top! Double Bottom The double bottom is also a trend reversal formation, but this time we are looking to go long instead of short. These formations occur after extended downtrends when two valleys or “bottoms” have been formed. Triple Top A Triple Top is a chart pattern that consists of three equal highs followed by a break below support. The chart pattern is categorized as a bearish reversal pattern. All three highs should be reasonably equal, well-spaced, and mark clear turning points to establish resistance. The highs do not all have to exactly the same level but should be “close enough”. Triple Bottom A Triple Bottom is a chart pattern that consists of three equal lows followed by a break above resistance. The chart pattern is categorized as a bullish reversal pattern. All three highs should be reasonably equal, well-spaced, and mark clear turning points to establish support. The lows do not all have to exactly the same level but should be “close enough”. Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
BYBIT:BTCUSD.PEducation
by Faibik
How to trade GOLD/SILVER RATIO in Any platform!?This is the first educational post I Make on Tradingview so make sure you like and comment and follow if you like it, in this post I will explain how to trade The GOLD/SILVER RATIO in any platform You can use the same strategy to trade ETH/BTC in Binance Futures with leverage ... first lets define what is gold silver ratio , The gold/silver ratio (GSR) is the current price of an ounce of gold divided by the current price of an ounce of silver. It's a simple numerical calculation that shows how many multiples gold is trading relative to the price of silver, a common indicator used by precious metals investors worldwide. this indicator help us know which is going to gain more or wich is going to lose more in some cases when there is high volatility in the markets you might find this chart stable with very strong trading opportunity for example back in the 26/2/2020 when the markets were uncertain and volatile this chart made a very good breakout and huge gains! you can find that on the chart above so now lets explain how to trade it in any platform that have GOLD/USD and SILVER/USD if you want to short the GSR all what you need to do is to sell short GOLD and buy long SILVER with the same amount of money and leverage in each of the positions Example if you open a long position with 1000$ and x3 in SILVER/USD you have to open a short position in GOLD/USD at the same moment with 1000$ and x3 leverage. If you want to long the GSR all you need to do is the opposite of shorting we buy GOLD/USD and sell SILVER/USD with same rules again we should use the same amount of money and us the same leverage in each of the two position. thanks for reading good luck
GEducation
by azizbtc
GBPJPY Using RSI (water flooding a raft metaphor)Instead of the traditional verbiage "overbought" and "oversold" I like to think of these two levels as "supply" and "demand" There are numerous examples to point out but here I have isolated only 2 of them. Point 1 = DEMAND (oversold) Point 2 = SUPPLY (overbought) In general it is ideal to look for entries and exit targets on the edges (standard deviations). You can ascertain quite a bit of information regarding the bullishness or bearishness of a trend when you wait for volume information at or past standard deviation. Just to keep it simple focus your attention at points 1 and 2. Then look at the amount of demand pressure or supply pressure . One way to visualize all of this is to imagine that whenever RSI breaks the supply or demand level its like a sharp object puncturing a raft. On the supply side, How much water (volume) is rushing into the raft? The more water that floods the raft may mean that the raft may soon sink. On the demand side, whenever RSI punctures the demand side of the raft, how much air is rushing in? The more air that rushes into the raft, the better it will hold up in the water. I like to wait for RSI to hit either the supply or demand side on the 1 hour and from there zoom into the 5 and or 15 minute to identify the Wyckoff phases to go with the trend.
Education
by dee718
Trading TSLA using Bollinger Bands and Keltner ChannelIn this video I use NASDAQ:TSLA with Tradingview video publishing and backtesting feature to demonstrate a trading strategy to make money using these signals. I go over how to use the Bollinger Bands and Keltner Channel indicators to find potential breakout opportunities for trades. Both the Bollinger Bands and Keltner Channel measure price volatility. Bollinger Bands utilizes standard deviations and Keltner utilizes ATR but they both look for the same thing which is price to contract or expand. Putting them together can be a powerful signal to setup breakout trades! I also show how to setup alerts in Tradingivew to turn this into an automated signal. pssst... did you notice what the Daily chart today is doing?
NASDAQ:TSLAEducation
by norok
5
Ma144 and MACD are the Holy Grail of tradersThe most important one is ma144. Ma144 allows you to abandon your self-consciousness and accept that the dumbest way is the best way: 1. When ma144 began to turn up, the price was pushed back to touch the line for the first time. 2. When ma144 starts to turn down and the price picks up for the first time, it is short when it hits the line. 3. When ma144 is in a flat state, it is not appropriate to make too much speculation. However, what needs to be noted here is that the novice should not try the second and third hitting the line, because the possibility of reversing changes is higher and higher, and the risk is also increasing. If the red and green column of MACD is used to go to pingkong or pingduo, the effect is better
Education
by WSBChairman
1
AAPL: Cup with Handle Base to study for Future tradesThis is used in conjunction with the Stocks Over Coffee Podcast on Technical Education Cup with Handles. Apple is the largest company in the world with a market cap of 2 trillion. This is no easy feat to accomplish but is there a way to get into a small company before it becomes a household name? There is! One just has to notice the cup and handle base and a few other things. First thing you want to make sure is the fundamentals are working. This means you want the company to be growing sales and earnings. This mean the company has a minimum of 25% sales and earnings for the last two quarters. Apple meets the earnings easily but sales can be forgiven since they are generating 100%+ increases quarter over quarter as shown below: Quarterly Sales Jun03: +8% Sep03: +19% Dec03: +36% EPS Quarterly Jun03: +300% Sep03: +433% Dec03: +350% Once the fundamentals are researched you want to make sure that there is a technical setup that is done by institutions. First you can look into the daily $ volume. if the daily $ volume has at least 40mm in activity per day then you can go to the next step or looking for the technical setup. In this tutorial we are looking for a cup with handle setup and Apple will be used for the tutorial. In the Cup with Handle base these are the criteria below: 1. Minimum 30% Prior up trend 2. Cup Base from 7 weeks to 65 weeks 3. Cup Depth below 30% 4. Handle Base with minimum 2 weeks 5. Handle Depth below 15% Once the check list is done then you can set your buy point. Once the buy triggers then you can confirm at the end of the day if the price is above the pivot point and if the volume is 50% above average. If both of these are great then at the end of the week on Friday you can check the weekly volume is also 50% above average volume then you are good to hold for two major sell rules. The two sell rules I use are 1. 25% Profit Target (CAGR of 115%) 2. Break Below 10 Week Moving Average (CAGR of 156%) 185% Profit Both of them did great on an annual basis and on a price adjusted yearly basis for this Apple play. How do you decide on the sell rules? It depends on your individual rules and psychology. Thank you for reading the write up.
NASDAQ:AAPLEducation
by HaleyZhao
Pulse of an asset ala Fibonacci: UMA nearing Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the buyers still there? Enough to absorb the selling power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected on at least first approach if not several. Just above the Impulse is a common "Accumulation Zone". Of interest would be consolidation between the 1.0 and 1.236. If accumulation seen, then a break and retest of 1.236 is the entry. Part of my ongoing series to collect examples of my Methodology : (click links below) Chapter 1: Introduction and numerous Examples Chapter 2: Detailed views and Wave Analysis Chapter 3: The Dreaded 9.618: Murderer of Moves Chapter 4: Impulse Redux: Return to Birth place <= Current Example Chapter 5: Golden Growth: Parabolic Expansions Chapter 6: Give me a ping Vasili: one Ping only . . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity . each line Tried and Tested. each line Poised to Reflect. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos .
Education
by EuroMotif
1
Gold 100 pips Buy Breakdown 1890-1900Gold had formed a clear support during London Session on the 30m and 1h timeframes. We had strong bullish momentum so my bias was bullish in the short term. I then switched down to the 15m timeframe to look for a good entry to minimise drawdown. When a bullish 15m candle closed starting from support, I waited for the next candle to form bullish and my final confirmation was that it broke the high of the previous bullish 15m candle. Then I entered the trade. My stops were below the 15m wick rejections and my two targets were 1897 and 1900. Both targets were smashed within a few hours with very minimal drawdown. If any candle from 15m upwards closed below support, I would have closed my positions as it was invalidate the setup.
FX:XAUUSDEducation
by rhf_fx
8
Short-time downtrend and long-term uptrend is still working Confirming last analysis we are in a very nice retracment pattern in Gold. As we expected down trend worked and price came towards its last big support of 1861usd.If you are intraday trader note carefully that downtrend is still working and and high is just a retracment. As you can see in my daily chart we have a nice unbroken demand zone 1790to1816 and a strong support zone inside that. I personally will be waiting to open long position there. If you areusing 4h timeframe or less, you can sell for short-time but be careful about long term trend. It is heavily uptrend.
OANDA:XAUUSDEducation
by asharifan
GJ 120 pips Sells BreakdownPrice broke below the support we highlighted, however as there was no lower wick on the 1h breakout candle, price had no clear range to move down, so instead of moving to the lower timeframes to look for selling confirmations, I stayed on the 1h timeframe and decided to look for a break and retest setup, as it was not on a lower timeframe my confidence for this trade was pretty good. As soon as we tapped into the broken support zone, I took an entry with half of my usual risk, stops were above the previous candle and my TP was highlighted on the chart. Profits were taken at each of the support zones as we tapped into them, this lowered our risk and secured profits. When we hit our final target, we removed our TP and let 10% of the trade run, the target for this was 135.887, as this was a possible rejection zone and also 120 pips profit. This target was also hit before price formed support to continue back up.
Education
by rhf_fx
gbpjpy time to decide hello everyOne i am back with another analysis about GBP as I thought Gbp is back in the business now its time to decide if Price went up and passed lower high ( that mentioned in the chart ) we are facing with bullish market actually MA <200 confirms that we are facing with bullish market if price went down and breaked trend line then MA will be confirm that as well notice that this is last available bullish channel that Already exists so if we saw a break out in trend lines Its time to go short with 80% probability if you had any question comment in bellow I think its time to decide which side you want to be sellers Or buyers ! targets are placed in the chart as well and I will attach some more reasons in comments so Follow me and Be Aware ☺ ♥ This is enjoyable Trading with Mky ♥ ☺
Education
by TradeWithMky
2
Hive Mind v Irrational MarketsThis ed post is not aimed at anybody and thinking that it was aimed at you should in itself make you think why you would think that. Money Man knows the day he does not approach trading with humility, will be the day he regrets. Big predictions are normally related to “hot inpatient money” that homerun (not necessarily big) traders make on markets with this money they calculated would be fine to lose. This is fine for them, if they calculated their risks reasonably, but lethal to inexperienced traders who might not have. These big predictions have potential great rewards at great risk and only come to pay on big moves. Reasonably, these big moves happen when there are fundamental shifts. The two major recent fundamental shifts in BTC have been the opening of futures and then the virus. Major fundamental happenings are thus things like addition or manor change in tradability (the start of shorting, legislation, closure of exchanges, etc), macroeconomics (recessions, lock downs, trade restrictions, etc) and integrity issues (like Satoshi’s stash, his identity, major 3rd party hacks – Mt Gox, etc). Please comment below if you can think of more. The market is a collective of traders causing a current price. A quick note to illustrate how big the thinking is behind this: The price is derived from a seemingly ‘invisible hand’ according to Adam Smith and Bastiat, before him. Max Planck, the Quantum Theory guy, said that he wanted to study economics, but it was too complex a subject for him. These guys are giants of thought. Irrelevant? A recent big idea is that of the Hive Mind. We have all heard of the six degrees of separation and that, to me, makes this something to think about when trying to explain market moves. I listened to a respected crypto guy asking: why is it that major events seem to coincide with decision points on the chart? Is the market anticipating the event or is the event motivated by the market? The crypto analyst is a nice guy, but I reason that this is a chicken or the egg argument: we have chickens after all (a fact like a chicken). Looking at the chart tells us that BTC always seem to look for the decision points and then move with intent from there to the next one. Most times, the next decision area is not all that far away (Hive Mind related), but then we have a few black swan events thrown in. Looking at great non-trader achievers around us today, and their pearls of wisdom, and thinking about trading lessons learned at the same time, makes it obvious that trading is such a great educator about life, that it would be a loss to everybody if a beginner trader would have to quit trading because of taking on uncalculated risk and blowing up their account. To me, trading is not a zero-sum game where I win if you lose. Trading is multifaceted and I plan to make a case for this in the future and thus why I am humbly sharing what I have learned. Conclusion: A good trading strategy to start with would allow for using the ‘Hive Mind moves’, but prevent a sudden Black Swan move from undoing all the profits and more – allowing new traders to stick around for long enough to get to grips with what is cooking. So, what I am alluding to is to always have your current position in perspective, (combine the 2 ed posts related to this added below with a sound strategy). Very important to me: Please leave a like if you appreciate the effort, please comment to develop this further, Please follow if you might like to know about where this leads. PS Have a look, with a trader’s mindset, at Hive Mind if you are that way inclined (six neighbours to starlings, headbutting bees and cannibalistic locusts – great stuff). Warning: this post is not alluding to hive mind interconnected black box trading, sociological arguments, intelligence warfare, political manipulation, or The Borg. This was to tie two trading discipline edu posts together with a market psychology strategy.
COINBASE:BTCUSDEducation
by Rule72
23