INDEX:FTSEMIB The parabolic support guides us on a possible breakage of this resistance on the Italian index would make very interesting from the point of view of Risk Reward this potential trade since from that level onwards would meet much less resistance giving confidence to buyers to ride a possible trend. Set alerts! Stay Tuned!
You have to set support and resistance lines. those are easy to see levels of indecision. Then find the average price, this is used to signal the end of the channel when the price action finds it as resistance . If the price goes above the average price it will most likely going up and below, going down. set you buy limit slightly above the top of the channel...
7:34 PM Overcame previous resistance zones. We are still on the trend. For counter-retail traders, it seems that a breakout is still far from happening on this pair. As per my analysis, give this a few weeks if there will be any engulfing bull candles or a breakout on the trend.
NYSE:NSC Why do I choose technical analysis for trading? Because the psychological state of traders / investors is always a representation on a scale between greed and fear, which creates in all markets patterns that repeat themselves for more than a hundred years, and if you are aware of their % profitability, and the difference between the amount of profit...
NYSE:AEP People like to use indicators or oscillators many times to predict the next trend. Actually they can help you, but they will always be late. And above all, what do you do if they are in contrast with each other? Most importantly, do you have a backtest that proves in the long run that their use is profitable and valid on multiple markets and assets? We...
My 2nd watch list will be on litecoin. This is very interesting whenever you see the price is trending at APEX because it means we will see a huge volatility to occur very soon. I see it at the Litecoin right now. Litecoin is now trending at the golden pocket zone based on the fibonacci retracement calculation and beside this fact, I see a possible 5th wave...
One of the most interesting altcoins that I am seeing right now is XRP especially for long term hold. Just if you remember about the 2017 phenomenal bull run that occur on crypto market in general, you will see a similar pattern on XRP with current pattern. both of them form a huge descending triangle. And at 2017, the price broke out of the upper line of the...
Lately, there has been a lot of buzz about BTC! Will it breakout or not? In the end, it did not as we predicted with the accuracy of a surgent in our most viewed post till now that you can find in RELATED IDEAS. Here is a nice school example of how ETH does the breakouts and probably similar pattern will be played in the near future. We will write more about that...
Hi all, this is just a tutorial displaying trading breakout in the trendline! We can see price breakout and retest the trendline and fall since then!
Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis for Forex and Crypto-Currency Markets every day! - 1 HOUR Sideways waving market looking for a takeout direction. 4 HOUR Heading down, I see a break below previous week lows. DAILY Bullish market found its top and resistance now, we need a pullback to takeout long...
Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis for Forex and Crypto-Currency Markets every day! - 1 HOUR Strong bullish price action and pressure. 4 HOUR Amazing bullish wave above previous highs and resistance. DAILY Sideways waving market about to find resistance and break back to the downside. OVERALL...
Handle's upside is the first resistance. Breakout of the neckline validate longs. Cup's depth added to the right lip (target).
I'm aware the title has offended you. Read through this post anyway, I'm sure I touch up on your complaints. Stop forming your identity around your strategy. Even I am not immune to this. it’s all too common to form a personal relationship with the tools you’re using to trade. Whether that’s the indicators on your chart, your Gann shooting star wave pattern...
J61! The Japanese Yen is above the 20-day ema. the last time it was above it was on January 30. The money flow is currently downwards so we should watch for further consolidation on the 20D ema. Those are my levels, lower Purple (0.23 fib) is the old support. The new support is the 20 day-ema and upper purple line is the resistance. The green levels go from...
This is what I see. I see it as pretty self-explanatory. Some of my other charts are experiments with tools i am using, reason that i post as an educational piece as i am still learning myself.
AKAM broke out earlier this week where we entered the trade. SO far it is moving in the direction we want it too. Slow grinder but making money.
DVLP has recently doubled in price multiple times . Back in Jan DVLP trended up 120%, trading from $.013 cents to $.029. And just over a week ago it Broke-out and ran up 160% , trading from $.019 cents to a high of $.05. It looks ready to potentially do it again.
Been observing this ticker for a few days now, notice on how the trendlines are drawn: - From higher high to lower high to lower high - From lower low to higher low to higher low The two trendlines looks like they are converging to a single point. This is a consolidation pattern of price action and price is about to break out from the pattern. On a Daily Time...