Get started

Patternsandstructure

Weakness in Bullish momentum. Did we see the top for Nasdaq?Lets look at CAPITALCOM:DXY Currently with a Bullish structure and slow build up Long. Seems it is attempting to reach that Monthly Area low. Bullish Dollar=Bearish Equities....Right? Well this has not been the case these particular past couple of weeks. We have not seen with clarity the inverse correlation between DXY and Equities. In fact everything has been manipulated up. Yes! I wrote manipulated do not get hung up on the word. Back to Indices. CME_MINI:NQ1! CME_MINI:ES1! CBOT_MINI:YM1! These have a strong Bullish structure. NQ is showing signs of repricing with this pullback. -Is it sufficient to slow down current Bullish momentum? -Is NQ leading the indices in a reversal? These are all valid questions, yet we do not have enough data to validate either or. Bearish Equities seasonality could have kicked in. This is the week of confirmation or at the very least for price to provide some sort of hint. My targets for NQ providing price action confirms it are either a repricing to 17107.25 or a break of Highs. -If we take out lows first then I would expect price to rally once again and make another attempt at Highs. -An attempt at highs at the beginning of the week will look favorable for the Bears salivating over the Volume Void right at 17107.25 Here is a view of Weekly Charts for: ES YM NQ
CME_MINI:NQ1!
by JP_Tru
XAUUSD Geopolitical Tensions❤️Forex Besties❤️ INFORMATION Geopolitical tensions in the Middle East further lend support to the safe-haven XAU/USD. Delayed Fed rate cut bets could underpin the USD and cap gains for the non-yielding metal. 💲BUY GOLD 1980-1975 💲 SL @ 1970 TP 1 @ 1985 TP 2 @ 1990 TP 3 @ 2000 💲SELL GOLD 2013-2017 💲 SL @ 2022 TP 1 @ 2007 TP 2 @ 2000 TP 3 @ 1993 Everyone success..👍👍👍 ❤️FOREX BESTIES WEB - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE Gold price attracts some buyers amid sliding US bond yields and subdued USD price action. ❤️MONEY CAPITAL MANAGEMENT ⚡️ Only Trade With Risk Capital ⚡️ Cut Losses Short, Let Profits Run On ⚡️ Avoid Using Too Much Leverage ⚡️ Avoid Taking Too Much Heat ⚡️ Do Not Give in to Greed ⚡️ Take profit equal to 4-6% of your capital ⚡️ Stop lose equal to 2-3% of your capital
FOREXCOM:XAUUSDShort
by My_Forex_Team
V-BOTTOMTrading V-Patterns The recognition of patterns and its body of knowledge of how to react and what to expect helps a trader's success. Traders are always analysing 'Trends' and 'Reversals.' Their eternal question for traders is 'Can the trend continues?'. Knowing trends and trend reversals are critical for any trader’s success. Chart patterns classification of 'Continuous' or 'Reversal' patterns helps traders to identify specific patterns and expect their outcome from current price action. Traders move prices between key support and resistance areas (a tug of war) as their perception shifts between optimism and pessimism. This movement of price adhering to key support and resistance areas create chart patterns. Reversal patterns exhibit a total shift of trends from bullish to bearish or bearish to bullish in a single pattern structure. Examples of the reversal patterns are 'Head and Shoulders, Double Tops and Bottoms. A knowledge of reversal patterns helps traders to estimate the 'end of trends' to execute trades in a timely fashion for maximum gains. This knowledge also helps traders to time the trades in the opposite direction and to place smaller stop levels. Here I discuss one of the key reversal patterns ('V Chart Pattern') and present examples of how to trade them. Please note, all V patterns are classified as a bullish 'V-Bottom' and complimentary bearish patterns ('V-Top'). V Patterns As the name implies, the 'V' chart patterns have the letter 'V' shape and prices shift their momentum from an aggressive sell-off (Bearish) to aggressive rally (Bullish) in its structure. The 'V' pattern consists of rapid price action and may not be suited for all casual investors. The 'V' patterns are formed when its trend is sharply switched from bearish to bullish (in case of V-Bottom) or bullish (or sideways) to bearish (in case of V-Top patterns). Trading V-Patterns. EURUSD Chart it’s a mirror example of how a V-bottom structure looks like. How to Trade: Long Above the breakout Neck Line 1.07868 Stops: Below the low previous to the breakout 1.04819 Targets: 38% Depth 1.12545 62% Depth 1.15479 79% Depth 1.17569 100% Depth 1.20230
Long
by TradeChartPatternsLikeThePros
4
NZDUSD CHART UPDATEHey everyone, In our previous analysis price failed to give us the sharp impulse and retest/correction we were expecting after the break but instead price took the break out and rejected back into the patterns. Now we are approving the 3rd touch confirmation of the structure where we need to see patterns only or rejection candle formation. WHAT ARE WE EXPECTING: pattern formation(reversal patterns) or candlestick reversal formation. TRADE BIAS: BULLISH HOW DO WE ENTER: when pattern forms a sharp impulse followed by a retest/correction SETUP INVALIDATION: bearish pattern formation TRADE CRITERIA: #3 touch confirmation #3:1 #double bottom and reversal pattern thanks for reading AS ALWAYS TRADE SAFE AND STAY SAFE!!
Long
by REAL_CRYPTO_VIC
1
Yemi_Fx1 | Short for CADJPYSame bias for the pair but looking from the 1HTF perspective we can see a more clear Price action pattern rather to be caught up on wrong side of the market if focusing on lower timeframe. I'll be considering A Risk entry type at the top of the rising wedge structure at an area of value. Reduced risk entry after the impulsive back down followed by a tight flag or break of the structure. Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
Short
by Yemi_Fx1
BTC -Day 2015 and Covid Crash Correlation A follow on to our chart before this: “Please read the analysis below to make better sense of this chart.” As we can see, our pattern for each time the 21 crosses above the 50MA, price tops out and retraces. Also hitting our 100 EMA resistance in 2015 just as we are seeing in the charts Now - 2023! However, unlike the 2021 cross, top and pullback followed by a bounce, this time price action plummets right through forming a second bottom in 2015 and a slightly higher double bottom in 2020 (Covid Crash!) I have also added where the 1D Golden Cross occurred roughly the same area as we topped out. We know the 1D Golden Cross is very exciting, however, we must always be aware for false signals! This analysis is pattern charting purposes only. 😊
INDEX:BTCUSD
by livmac7
2
Most Misguided PatternsHello Traders! Welcome back to another trade with Analyst Aadil1000x. Today I am posting some education posts which I found necessary to post and share with the public. Have you ever wondered if you figured out a pattern perfectly and try to trade it and you lost and then you wait for the same pattern to reappear and try to trade that pattern in a more perfect manner and you still lose? The reason is you have been taught wrong. Nearly 100% of the patterns that are roaming on the internet are wrong and it will lead to a loss. I have posted some patterns to make money easily. Trading is a game of probability and if you trade my way then the win probability will be higher than 70% and if you follow the traditional way then I am sure your probability will not be more than 30%. Don't forget to hit the like button and follow to stay connected
Education
by Aadil1000x
1
USDJPY - 240 MINS TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Short
by Tradelikemee
Everything I've Learnt Are...Bs lol. We live in information age where we can get any information from internet for free of cost. So why are we buying courses and learning from different sources of training materials when everything are based on same framework with differnet title name? I can see on this chart that there are many Traps with M & W formations only occurs before breakouts which is where 90% of retails traders gets trapped before seeing a big moves up or downwards which only 10% of people that actually caught that big moves. Why? Interesting, charts tell alot of story.. Just have to look hard enough for a tell tale signs...
FX:US30
by UnknownUnicorn4090857
Visa. Examining potential downside risks. VAssessment: Neutral Hold- Going Long. Market Climate: Bull controlled, increasing volatility. Industry: Financial Services Indicators: None Patterns Identified: Harmonic ABCD Macro Broadening Wedge Visa has seen steadily rising bullish accumulation since first breaking out in December 2012. Since then, the security has experienced a change in price of roughly 612%. The security has been methodically traded between two ranges demonstrated through the broadening wedge depiction. More importantly, the stock has broken beyond the major resistance line of the broadening wedge, pulled back, and continued a break out extension symmetric to the pole of the wedge structure. However, with mid-2018 to late 2019 thus far facing significant increases in overall volatility by a variety of factors, the security is for the short-term from a technical standpoint demonstrating an increase of inherent risk to visa bulls. With echoing discussions of an impending recession, international trade tension, the effect of the Fed on the US economy, and the slowing of corporate earnings visa may be in a tight position that could affect the value of the underlying asset. Take note of the harmonic ABCD. The ABCD demonstrates a breakout structure from the stock’s primary macro trend. An ABCD harmonic cresting either at or breaking beyond major resistance typically indicates the potential for change in trend or direction. Although the overall security remains controlled by bullish accumulation, visa bulls may begin to sit sidelined waiting for a more defined consolidation structure. There is also room for down trending to occur back to the previous macro support within the wedge. Similarly, a pullback to the broken beyond resistance line now became support, displays significant area for the stock to decline before a more attractive entry becomes available. Long-term investors who have taken a long approach should consider reducing on other lagging securities while similarly waiting for an activity of greater confirmation. Keep in mind, that a short-term devaluation in the overall underlying asset does not necessarily signify a reversal of control from bulls to bears.
NYSE:V
by CanaryJones