THIS POST CORRECTS AN EARLIER POST WITH PRINT ERROR WHICH STATED BEAR TRAP IN HEADLLINE INSTEAD OF BULL TRAP New updated study. Volume oscillator set to log scale did not confirm bull set up - following breakout of yellow boxed area (see previous posts for construction) This price and volume move could be key to confirming bull trap maybe. See comparison with...
Green MACD Histogram got off to a start with a peak in VOLUME OSCILLATOR (Volume Oscillator not to LOG but Histogram Format with pink horizontal line added in to highlight zero) previous study needs to be set aside. Have included all such set-ups back to 2013. Have also included some RAYS of closing prices which I'm interested in keeping watch on from another...
Only done this study of BULL TRAPS and consecutive fractal lows for 2018. I may do another study going back further. WARNING TRAPS DON'T ALWAYS FOLLOW CONSECUTIVE FRACTAL HIGHS AND LOWS THEREFORE COULD JUST HEAD STRAIGHT UP OR DOWN Here's what you do. From the last consecutive fractal low do a yellow arrow to the next consecutive fractal low. Then shade...
Bitcoin here's an idea to base trading strategy using Log MACD Log VOLUME OSCILLATOR log PRICE CHART. Brown verticals mark switch MACD Histogram to green and when VOLUME OSCILLATOR is above zero. Then box pink the volatility to first fractal. There's your box done to formulate trading strategy maybe
Volume oscillator & MACD Log format. Marked volume troughs & green MACD & red candle with purple vertical & green in orange. Joined consecutive fractal lows with yellow line. Picked first orange vertical & boxed 3 days volatility in white then wait for break out. Will next vertical be orange?
A new study of consecutive fractal lows using STOCH RSI to log scale. Noticed that when K in blue hits zero on its own without D and before a consecutive fractal low is confirmed the result has been bullish .
Triple Top is a Bearish Reversal Pattern which means the long term uptrend will be switched into long term bearish trend Triple Top chart Pattern means the price with base candles or wicks must touch 3 times in row same level in form of peaks Peak, correction/re-fuel,peak and so on for three times in row These TOPS will become a strong strong resistance line,...
A Head and Shoulders Pattern is a chart formation that resembles a baseline with three peaks,the outside two are close in height and the middle is highest In TA this pattern it s essential to predict when a bullish trend will be changed to bearish This Head and shoulders pattern appear when: After long term bullish trend the price rises to a peak and after...
Bearflag:is a sharp,strong volume decline,several days of sideways to higher price action on much weaker volume followed by a second huge decline with a strong volume.Target is a NEW LOW Target: for a bearflag pattern is derived by height of the flag pole(ex if this height is 5%) the decline target for breakdown will be 5% Bearish Pennant:this pattern is bearish...
New study using my custom signals. See previous posts for construction. What first struck me with my latest signal was that both days had opposing fractals. Only happened one other time this year. You can check the match for yourselves. This time the patterns appear to be forming in reverse - a signal to get ready to take a long position maybe. More then one way...
Double bottom is a bullish reversal pattern which means the long term bearish trend will be switched to bullish/uptrend Also note ,this pattern it s a long term reversal and will not form in a few days Even though formation in a few weeks is possible it is preferable to have at least 4 weeks between lows Bottoms usually take longer then tops to form and patience...
Three phases of the trend. The main trend has three phases. Usually, three phases can be distinguished within the development of the main trend. The first phase, or the accumulation phase, emerges when the most far-sighted and informed investors begin to buy, since all the unfavorable economic information has already been taken into consideration by the...
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
You took a short position when you break through a symmetrical triangle in a downtrend. Then the position began its realization, becoming a profit deal, and the price was consolidated in the trade corridor, the continuation pattern - a rectangle. Then the price as expected continued its downward direction having broken the borders of the rrectangle. Now...
I know the notations and names are not technical, but just a begginer guide on how to taste a trading range like a complex wine instead of being afraid of it!
Hi guys! Last chart I posted my first video chart format and that was new for me. Last week I also held a webinar, and that was also new. The topic was STOP LOSSE, and I explained many things about this subject. I will share some points with you that you can use in your trading. 1. What is a stop loss order and how can I use it? The stop loss order is without...
One on my key signals which I've been following all year was confirmed at yesterdays close. Biggest imminent danger is from another fall in stockmarket (could be short and quick). I've included S & P 500 chart. You can wait for the break out of the box but my guess is that if the stockmarket goes down it will take all crypto with it. To find out how to...
Update (advanced study) - see previous posts or thread for more info. Note if some indicators look different to yours it could be that I've converted them to log scale, and customised. Here's how I picked the vertical bars above. Picked all the fractal highs with pivot points which also corresponded with same colour Aroon at 100 (see chart with Aroon below). I...