The charts provided showcase potential scenarios based on different liquidity zones (LQZ) on multiple timeframes, such as 15M, 1H, and 4H. Let's break down the key insights from the images:
Key Levels:
Weekly Flag Trendline: This yellow trendline represents the long-term trend and acts as a major resistance or support. It’s crucial to monitor price action around...
Here is a diverse chart approach for trading that includes some tips:
📍 Use multiple timeframes:
Analyzing charts at different timeframes (e.g., daily, weekly, monthly) can provide a broader perspective on market trends and potential trading opportunities.
📍 Combine chart types:
Using different types of charts, such as line, bar, and candlestick charts, can...
The ABCD is a basic harmonic pattern. All other patterns derive from it. The pattern consists of 3 price swings. The lines AB and CD are called “legs”, while the line BC is referred to as a correction or a retracement. AB and CD tend to have approximately the same size. A bullish ABCD pattern follows a downtrend and means that a reversal to the upside is likely. A...
BINANCE:ALGOUSDT
In this post I take a look at some of the patterns I trade and how often they show up.
This is a30min chart over the last couple of weeks of ALGORAND.
Firstly is a 3 DRIVE into the high. This pattern often occurs at highs or at lows and normally has an ABCD pattern with it.
Next we have the 135 pattern which occurs when leaving a high or a...
FairChem Speciality daily chart has a Bat Pattern Probability
Bat pattern is the most common and frequent pattern among all other harmonic patterns and the best part is,it gives you a better risk: reward ratio.
.886 Fib Retracement of XA leg and 2.618 projections of BC leg , whenever these two ratios aligns in close proximity, it provides a tight zone to...
