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SPX 4h Candle wick and Line Analysis Just posting my chart. Actually sniffed out the short op on 1/26 with some basic trendlines/triangle pattern charting. Went short that night before bed, got stopped out at 00:45 on 1/27 with a small profit, but woke up to a hell of a drop, sucks! Whatever. Called out some short targets from other triangles/channels. All got hit. We ended up wicking down to the (yellow) long term "covid" trendline which has presented huge buy ops in the past, but we needed a 4h candle close down in that range so I held out for a few 4h candles before going short again. As expected, we got the 4h close at our yellow trendline which cleared us for takeoff. I do think we see ATH from here. This is a great lesson on wicks and candle closes. I really like to draw patterns using line chart only. Wicks are fun but are not to be trusted.
OANDA:SPX500USDLong
by yosip1115
SPX 4h (long)Just posting my chart. Actually sniffed out the short op on 1/26 with some basic trendlines/triangle pattern charting. Went short that night before bed, got stopped out at 00:45 on 1/27 with a small profit, but woke up to a hell of a drop, sucks! Whatever. Called out some short targets from other triangles/channels. All got hit. We ended up wicking down to the (yellow) long term "covid" trendline which has presented huge buy ops in the past, but we needed a 4h candle close down in that range so I held out for a few 4h candles before going short again. As expected, we got the 4h close at our yellow trendline which cleared us for takeoff. I do think we see ATH from here. This is a great lesson on wicks and candle closes. I really like to draw patterns using line chart only. Wicks are fun but are not to be trusted.
OANDA:SPX500USDLong
by yosip1115
Bitcoin - Assess the situation from the other side. BTC/USDTHello dear friends. First, I want to congratulate all of you again on your profit. The last open trade brought 900pips / $ to our wallets. The total profit for 6 trades is now 7740 profit - loss is 0. Now I want to talk globally about bitcoin. Let's look differently than others do. Today I reviewed a lot of charts, a lot of different patterns, and this is what I noticed on the 1D TF. I made a model for you, a model of how the bitcoin price can behave if it does not overcome the 29500-28800 milestone. and there will be no price crease. Level 30000$ is still in play for now and we have so that leaves the daily 50 MA as a life line. Which passes just below the level of 28500-29500 - will serve as a line of life and support in this case. Yes, I agree - some indicators for 4h TF, such as: -MACD -RSI -And also the volume - they talk about the price reduction. But ... If we analyze the situation point by point, then: 1) Many market players (middle Lanka, as well as newbies), we are all waiting for a fall. And the majority now see the short position - No, don't think, I am not judging anyone, I am one of them. 2) Weekly and monthly candlesticks - closed with a very strong absorption of the price. That speaks of a very strong seller who fixes his position in this range. 3) it is that the market was growing without any major corrections. from any "as it seemed to others" strong level - there was a slight rebound - and the price grew further upwards. Now - if you look at the situation - we had similar froctals in 2016, when no one believed that the price could rise further. And at this stage of the price movement, there was a correction of 30% of this growth. What if a big player and the Grayscale Bitcoin Trust to be selling particles of bitcoins for 200-400k. After all, this is not so much a "fairy tale at night", if you take the whole situation in the world - trillions of dollars in banks, lying under negative interest rates, - non-profitable stocks, as well as the change of kindred generation. What if these 10,000 - 20,000 - 30,000 - 40,000 thousand for one bitcoin, these are just numbers in 2017, only 1000 - 2000 - 3000 - 4000 ... There is less and less bitcoin every year - who knows what value it will retain in itself
by UnknownUnicorn13204076
TD line and projectionHere you can see how to use Tom Demark trendline (that connnects peaks / thorough of more or less equal height / value) and projections. Best of breakout occur with gaps. Prebreakout candle has to close close to the trendline and make a minor pullback before the break occurs. If breakout candle has long rejection shadow - it will not work. Projection are drawn from the lowest closing price to the TD line and then projected from breakout point. You can also see how to use missed pivots that mark new trends (buy upon pullback to the next pivot) - after Rob Booker.
UEducation
by ICFX
2
EURCHFHello friends you can trade in EURCHF break the trend line in few HOURS.. The best "thank you" will be your likes and comments!.🙏 Check today analysis below Stay safe everyone _____________________________________________________________________________ Before trading our ideas make your own analysis. Thanks for your continued support! _____________________________________________________________________________ Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only**
Long
by KEZU25