Pattern breakup strategy back testingPattern breakup strategy back testing on 15 mint
breakup strategy and breakup and retest strategy both combine
Patterns
SPX - Gaps to fill?? TVC:SPX Hard to imagine but could we see a fast rally back to 4020 to cover the gaps before the next major sell off.
4020 is the 382 from the March high and also the 707 from the recent June high.
That would get people thinking that the drop is over and we are onto new highs.
Watch these levels over this week.
I hope this helps enjoy the day. 👍👍
Bearish Pennant Break Out & Wave TheorySPX Forming a bearish pennant that is setting up the market for its final corrective wave within the elliot wave theory cycle.
Best case scenario is 3500 level, worst is near 3200. I think that this final corrective wave will not be a slow and steady decline.
Looking for Primary wave cycle Y to get fulfilled.
CHART PATTERNSIn this video, I explain chart patterns. I give my understanding and how I see patterns keeping it simple and clear.
EQUAL HIGHS!When Price sets an EQUAL High and refuses to break that equal high..... your PLAY is coming soon.
Price throws a JUDAS SWING I now RENAMED THE MONEY SWING.
This is also a V TOP Formation or a Variation of the V Top. (Ot will stall before dropping giving you WICKS and Doji Candles)
These are clues that the market leaves every day.
Triangle Defense Strategy will show you this set up clearly (Coming Soon!)
Learn these clues and TIMES they occur and you have found your Broken Slot Machine.
8am London Opens and something always happens around this time and it ain't a coincidence.
The algorithm begins to fill imbalances and raids Liquidity.
Never over leverage.
Trust Your Trade Set Up.
Have Fun.
I AM Pro Trading Made Simple
ETH/USDT Breakout Zonewe still holding above our current ascending line , which show huge accumulation for the price , we will confirm a breakout and buy;ish momentum the moment we break out current resistant the 1300$, and the next target will be above the 1700$.
if we didn't hold our support above our ascending line , the short will drive the price to make double bottom above the 900$.
Tatamo study Raj217Tata motors look good to add at cmp 441 till 390 with day closing sl of 348 for tgt of 462 512 536 and final tgt of 603.70
Study shared by
_ Raj217
Only for study purpose.
Raj217 Larsen and turbo Buy at cmp till 1646 with day closing sl of 1416 for tgt of 1786 1827 1837 1854 1876 1917 1954 and final tgt of 2000++ cmp is 1687
Study share by
_Raj217
No recommendation for buy just share my knowledge
ETH - Change in Trend windows for today.COINBASE:ETHUSD has a couple of nice expected turn points today. The majoe CIT window is around 1pm. So looking for a high or a low at this time to get a trade set up.
For this to work we need a rally/sell off into the time zone. This gives us a 20-30min opportunity for a change in trend.
I hope this helps. Enjoy the day. 👍👍
CHFJPY - ShortI haven't shared in a while...
Big Head and Shoulders pattern followed by an impulsive break of that neckline and resulting in a nice correction to retest that neckline. Classic bearish flag pattern.
Disclaimer:
Please do not follow anyone blindly, not even me. This is only my opinion and not trading or financial advice
Symmetrical Triangle Breakdown Recovery Looking at two different Symmetrical triangles on on GBPAUD and LUNCUSD
Both have broken down out of there triangle
This can lead to a recovery although
A double bottom is perfect for this scenario
It removes the bearish presence while providing a setup for the bulls to advance
On both charts the double bottom could be concealed within a smaller structure
EURUSDWedges are not my favourite form of analysis I have to admit, but we are seeing EURUSD breakout of this Consolidation period, with a strong bearish candle, we also have divergence in our RVI indicator, we could look for a small pullback and take a short position on price action back to the lows.
GJ Cup and HandleGBPJPY makes cup and handle pattern and we can look to buy the break to catch some serious upside momentum. Feel free to check out my other posts on GBPJPY both on a weekly timeframe and a more fundamental outlook in the JPYX post.
AutoFibRetracement !! $AMC #PinkFloyd CoverAdded fibretracement and the indicators are pointing towards a rise in price.
#notfinancialadvice
Wait always for a retest!Waiting for a retest is necessary when we talk about patterns. As you can see in this scenario, the price tried to break the pattern, but it just created fake-outs. Waiting for a retest will save you many stop losses!
Cool Triangles Autodrawings #AMCHad to post this pattern from the Autodrawings tools, cool indicators in there, Thank you @TradingView !!
Pretty cool stuff in the toolbox.
$Amc look at that! negative beta at work on a monday? /cheers!
Right Angled Descending Broadening WedgeChart Story here is.. from a Ascending broadening wedge the bears took it down.. and there was a great chance that a Bullish divergence would appear.
It did... course went up and so a Descending triangle formation was there to bring the course down again. Because the price then widens a bit on the downside in a sideways move, I consider it a Right Angled Descending Broadening Wedge for now.
Besides this pattern, you could probably also make a W pattern out of it but the characteristic of the Broadening wedge is "often", that after hitting the top or bottom 2 or 3 times the price comes back halfway during a rise or fall and then breaks out.
these scenario's makes it possible to trade them but in times of macro economic uncertainties at the moment, caution is advised at all times. manage your risks at all times.
disclaimer: this is not a financial advise
DJI - Cash Market Gaps. DJ:DJI had the rally this week and finished with a strong volume day on friday.
Looking to this week we have a Gap to be filled from the previous drop at around 32300.
This lines up with the 707 from recent high and low. We also have 1 SD @ 32690. Anything above these levels could mean we have some sort of major low in place.
At this level there is a Similar retracement from previous rallies.
Some more higher prices could be seen this week.
I will be looking for pull backs to enter long for now.
I hope this helps, Enjoy the week.
EURUSD - A move higher firstOANDA:EURUSD is edging higher towards the upside target around 1.07000.
A move back to 1.0520-1.0540 would be a low risk opportunity to go long.
At the upside target there are a lot of pattern completions, this would bring the DXY down as well before it heads higher towards its upside target of 121.
Enjoy the day.
GOLD - UGLY BUT STILL MOVING NICELY. OANDA:XAUUSD is just bouncing around being a little ugly. But there are still patterns in play.
If we can hold this 1830 area then there is a chance of 1880-1890 before more selling.
Otherwise below 1820 and we could be on the way to the low 1700s.
Update for now.
Enjoy the day.
WTI 21 of JuneWTI, as every day, was in the middle of a pattern. We waited for a breakout and then we entered easily.
📊#XAUUSD - I'm looking for a buy opportunity.Yesterday we hit a previous weekly low, today I'm looking to buy gold.
📌The entry point confirmation for me would be *Engulfing or Pin Bar Candlestick Pattern, W-M patterns... *on 5-15 min timeframe.
⚠️Important - Risk per trade 1-2%
