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What is an Advanced Breakout and how to trade it?Hello Tradingview community! Today I want to share something which is pretty rare to see around, the Advanced Breakouts (AB)! What is an AB? Is an event when the indicator may anticipate the price's movement. Some indicators like the RSI or the OBV are great for this, and in this analysis, I'll use the RSI as an example. See the movement on the Nasdaq 100 today? While the price did a double bottom, the indicator didn't, and that's a divergence. But when we see the indicator doing higher highs / higher lows while the price isn't, this is an AB! Usually, this anticipates the next movement on the price, in the direction of the AB. And we have different types of ABs. Some of them are weaker, some are stronger. Let's see more examples. Since the Nasdaq 100 is doing an AB, some of the faangs are doing this too, like FB: Here is an example of a weak AB. We have almost no divergence, but the indicator is already doing a new high, while the price isn't. The divergence on AAPL is a little stronger: The RSI did a twin mountains pattern, but it didn't work and now it is doing a new high. The price did no such thing, and has yet to break the previous high. But this AB is not as strong as the one seen on AMZN: On AMZN's chart it has an inverted head and shoulders, while the RSI has a strong divergence, as it is doing higher highs and higher lows. Also, AMZN's RSI already broke its resistances, while the price is still falling. This is a strong divergence and an incredibly strong AB. But since the indicator is anticipating the price's movement, some people will trade the indicator, without waiting for the confirmation on the price. This is a mistake, and it could affect the chances of success of your trade. Always wait for the confirmation on the price. For instance, wait for AMZN's inverted head and shoulders to be triggered before trading it, and use the AB as a confirmation of your initial thoughts. This is it, community! This is the Advanced Breakout and how to trade it! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
TVC:NDQEducation
by UnknownUnicorn21312077
110pip hit, already in profit in this next divergence.The last signal i posted went all the way to 110 pips then reversed back to the downside. I would say 110pips is a lot if you capitalized on the move. If you still want to hop on, check your H1 and look for an entry around the M5 timeframe or the M15 time frame. H1 is to confirm the overall trend price is heading to. Happy trading !. If you like this post please leave a like, share, follow and most of all, engage with the post by leaving your thoughts in the comment section.
ULong
by LaBOSS_FX
3.8Kpips+ in, then a short longThis signal saw price go almost all the way to our TP level but got stuck at 3834pips into the trade and it's currently doing a short pullback before the continuation of the move to the downside which might probably go all the way to hit TP. Is price doing a pullback or a giant reversal? If you like this signal idea, like, share follow, we appreciate the growing number of response on this channel, it brings us joy that what we're doing is actually helping people "Make Extra Cash with FOREX" which we actually do stand for (MEC_FX). Happy trading !.
BITSTAMP:BTCUSD
by LaBOSS_FX