BITCOIN - Trading Consolidative Markets Using Harmonic PatternsBitcoin, like many other markets has been stuck in a sideways shuffle as of late which can be very frustrating for most traders, since most traders tend to look for continuation type of trading opportunities.
For those looking for an alternative way to trade, here's a look at how I use advanced (harmonic) patterns, specifically the Gartley patter, to take advantage of times when the market is consolidating or moving sideways.
Hope you enjoyed the video and feel free to leave any questions or comments below.
Akil
Gartley
DJIA - Gartley, Trend Continuation & A Cool RSI ClueHere on the DOW we have a completed bullish gartley pattern which doubles as a complex pullback in a bigger trend continuation move.
In this video I'll walk you through the harmonic pattern setup and also show you a pretty cool clue that the RSI is leaving us.
Please leave me any questions or comments that you have below!
Akil
NAS100 - Trading Consolidation w/ Advanced Pattern FormationsA look at a couple advanced pattern formations setting up on the Nasdaq & walking you through how these patterns could be used by traders looking to find opportunities within periods of market consolidation.
If you have any questions or comments please share them below.
Akil
Trading Consolidation On Oil - Bear Gartley PatternOil has been in a state of consolidation for some time now & although to many traders that seems like a bunch of junk, if you know what to look for what you'll find is that there are some very profitable hidden trading opportunities.
Similar to my previous video, what we're looking for here is a potential bearish advanced pattern formation (Gartley) coming at the previous level of structure resistance of our current channel.
Please let me know if you have any questions or comments about the video by leaving them below. And also SHOW ME SOME SUPPORT by hitting that ROCKET SHIP before you head out.
Hope you have a great weekend!
Akil
DXY - Bearish Gartley Pattern & FOMC NewsAs the financial markets wait on a handful of potential high impact news events over the next few days, we're seeing a lot of consolidation in the markets. Although consolidation may seem like junk to some, they often present some pretty good pattern trading opportunities.
There are a handful of patterns available on the US Dollar Index currently, but the one that we're focusing on in this video is going to be a potential bearish gartley pattern that may be triggered shortly depending on how the market reacts to our June FOMC minutes news release.
If you have any questions or comments please leave them below!
Akil
EURJPY - Structure Reversals, Head & Shoulders & Gartley PatternToday we're looking at at structure-based countertrend setup on the EURJPY. What we're preparing for is the potential for both a head & shoulders top pattern and/or a potential bullish gartley pattern.
Let me know what you think of the idea & as always if you have any questions, comments, or just want to share your views, feel free to do so below & I'll make sure to check it out!
Have a GREAT weekend traders!!
Akil
GBPUSD - 1 HOUR - POTENTIAL BULLISH BAT PATTERNLots of movement on a Monday & the results are a few retracements that have led to a couple advanced pattern formations. Here on the FX:GBPUSD we have a potential bullish bat pattern that also can be looked at as an entry into a higher timeframe bullish continuation trade as well.
If you have any questions about anything discussed in the video please let me know in the comments section below or shoot me a private message.
Your Trading Coach - Akil
HOW-TO: My Trading Approach On GBPNZD With Full Trade AnalysisFX:GBPNZD I was doing an GBPNZD trade one morning and came across a formation that I knew would earn me a decent amount of points - and one that would make a great GBPNZD analysis video for the trading community.
This GBPNZD trade analysis video mainly revolves around the use of Fibonacci, Regression Lines and Bear Flag formations. But I guess the most important talking point in this video is how said formations convinced me to go short for this trade.
With that said, let me ask you a question.
Is your GBPNZD trading strategy at a point where you are able to make minute adjustments that can lead to big wins?
More importantly, do you currently have the trading knowledge to identify said formations and signals?
Anyway, watch my GBPNZD trading analysis video right to the end, and leave a message if there’s anything you want to ask.
Thank You
Kumar Kaushal
AUDUSD - Harmonic Patterns In Consolidation The AUDUSD has become sandwiched between structure causing me to think that we may see some consolidation over the days to come until the market makes up it's mind on which direction it wants to breakout in. Consolidation can be ugly 7 messy for some, but for others it's the perfect opportunity to look for harmonic (or as I call them) advanced pattern formations.
In this video i'm going to share with you a potential bat & gartley that are on my radar.
Akil
US DOLLAR INDEX - Various Reasons for Shorts at Structure Hey guys, in this video I'm going to walk you through my higher timeframe analysis on the $DXY & show you how I create a directional bias on the higher timeframes followed by what clues I use for added confirmation as I work down to the lower timeframes & look for potential reasons for entry.
Please hit that LIKE button if you enjoyed the video & also don't be shy about leaving me any questions or comments below as I do read through each and every one of them
Wish you a great trading week - Akil
USOIL - BULLISH GARTLEY INOT POTENTIAL BEARISH CYPHERBigger picture, USOIL has been in consolidation lately & whenever I see periods of consolidation, I tend to be more aware of potential advanced pattern formations. Now i can't take the credit for finding this one (as my buddy Nicky forwarded it my way), but coming right off the back of a previous Bullish Gartley, we have a potential bearish Cypher pattern setting up.
Akil
Gartley Pattern Trading Strategy
Gartley patterns are harmonic chart patterns based on Fibonacci numbers.
The first stop-loss point is often positioned at Point X and the take-profit is often set at point Fibonacci retracement numbers.
I normally open 3 small positions or a big position and close partially at 0.618, 0.5 and 0.382 Fibonacci numbers.
AUD/USD + RISK ON SENTIMENT⭐️Key Takeaways⭐️
✔️ AUDUSD is that risk-on sentiment currency - should monitor SPX for correlations.
✔️ Gold continues to maintain it's bull run but struggled to break above $2000. A correction is gold could signal strength with the buck.
✔️ Small timeframe rounding top action but could transition into a gartley pattern
⭐️Technical Analysis⭐️
As long as the US continues to see a rise in COVID19 cases, we should expect to continue to see further USD weakness.
AUDUSD on the daily showing clear divergence with RSI. Seems like this divergence theme is getting pretty played out by now as we've seen divergence across the board for several weeks now with zero follow through.
Ascending support maintains with this pair. Next critical upside resistance level is around the 0.73 handle. If we manage to break below the ascending support, that could open up further downside as the USD enters its correction phase to the upside. Downside levels of support to look out for include 70, 69 and 68 handles.
Regards,
Michael Harding
RISK DISCLAIMER
Information and opinions contained with this video are for educational purposes only and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors.