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SPY RALLY WEEK - Are you ready for it?I continue to post these SPY Cycle Patterns as a way to help educate and explore my research/results. The interesting part of this research is these patterns originate at an anchor point nearly 5 years ago and continue to produce valuable predictive results for each week going forward - all the way out to 2028 and beyond. Why are they so important? Because they can help you understand how cycles, price patterns, and psychology play a role in future price activity. Of course, they are not 100% accurate as news items, the US Fed, and other (govt) actions may disrupt the cycle pattern trends. Ultimately, these are some of the best predictive solutions I've seen related to preparing for future trends/expectations in a long while. Elliot wave is a great tool, but it adapts to future price movement. Therefore, what you see and believe is going to happen right now may not be valid in 2 to 5 days. Fibonacci is probably the most valuable solution for attempting to develop any type of predictive modeling - besides my Cycle Patterns. Well, this is all just conjecture related to what I believe. Here we go - RALLY WEEK. Let's see what happens. Most of November 2022 is looking quite bullish. So we may see a fairly strong start to a Christmas Rally setting up this week. 11-6: CRUSH - I expect this pattern to push into Monday, driving a fairly strong upward trend. 11-7: Flat-Down - this pattern may transition into early Tuesday, but quickly move towards the BreakAway trend. 11-8: BreakAway - This pattern should carry through most of Tuesday/Wednesday. 11-9: Rally - Off we go. 11-10: Rally - Continued rally (short squeeze) 11-11: Rally - possibly a stalling rally phase headed into the weekend. 11-12: Carryover - the weekend will setup as a pause, rotation, bottom for early next week. 11-13: Bottom Follow my research..
AMEX:SPYLong
by BradMatheny
🟢PRICE ACTION SECRETS 🔴Multi-candle patterns are more reliable The more candles a specific pattern contains, the more reliable it usually is. 3 candle patterns are better than single candle patterns. 30 candle patterns are usually better than 3 candle patterns. Patterns like head and shoulders, double and triple tops are among my favorites, exactly because of this reason. They consistently result in higher probability trades, which is what we’re all after. It doesn’t mean that a good pin bar setup won’t work, it just means there’s a higher probability of having these multi-candle setups resulting in a winning trade. 🟠Know where to place your stop loss Knowing where to place an order is just the beginning. Where do you place your stop loss? Fixed pips stop loss levels are hardly a good approach since the market volatility can change and every trade should be looked at within the context of the recent market history. 🟢Always look for confluence This is absolutely one of the most important secrets you have to know about. Confluence is everything. So you’ve found a sweet price action setup. Great! Now make sure it has confluence, meaning that it coincides with other valid signals that support your trading idea. 🔵Tell a story of what happened Every chart tells a story. It might be a story of clear direction or a story of messy back-and-forth battling between buyers and sellers. In a similar way, we can talk about clean price action vs messy price action. It is up to the trader to find the story and better understand what the market might do. 🟣Context is everything Depending on where a price action setup occurs, you should interpret it differently. The same pin bar could be bullish or bearish, depending on if they show up at the bottom of a downtrend or top of an uptrend, respectively. Not all patterns are also worth taking if they are not preceded by the right price action and happen at the levels that are in one way or the other of significance. 🟤Identify key support & resistance zones Support and resistance (or S&R for short) are terms used to denote areas where price reverses at its lowest point (support) and the highest point (resistance) on a chart. Often, these zones are “tested” multiple times as traders look for an increased buyer and seller activity around these levels. It’s important to note that support and resistance are usually not thin lines, but rather zones. 🔴The Bottom Line The price action strategy is one of the most powerful tools for extracting money from the markets with predictability and manageable risks, but only if used correctly. Thank you! Please give a Thumbs UP and Leave Comment👍🏻
BITSTAMP:BTCUSDEducation
by SignalProvider
9
Cycle Patterns for Nov-2022 - Enjoy the November RallyThank you to all of you who have been curious and asking questions. This past week I've been busy taking care of family issues and coding. I'm still deep into researching cycles, frequencies, and cycle trends. Often, I take drives to clear my head and think about things. Just last Wednesday, I came up with the idea that multiple cycles may be operating on different levels within a price chart (almost like the Multiverse) - but slightly different. My thinking is these cycle structures are PAUSED when a primary cycle trend is active. So, there may be 5+ various cycles operating on a chart, but only ONE (the primary) is active at one time with a secondary cycle structure possibly driving shorter-term price structures. I'm going to dig into this to see what I can find out. Here are all of the November Cycle Patterns: 11-1: Bottom 11-2: UP/Down/Up 11-3: Base/Rally 11-4: BreakAway 11-5: Carryover 11-6: CRUSH 11-7: Flat-Down 11-8: BreakAway 11-9: Rally 11-10: Rally 11-11: Rally 11-12: Carryover 11-13: Bottom 11-14: N/A 11-15: N/A 11-16: InsideBreakaway 11-17: BreakAway 11-18: WeekendGap/Flat 11-19: Gap Up-Higher 11-20: Consolidation 11-21: CRUSH 11-22: FlatDown 11-23: BreakAway 11-24: Carryover 11-25: Temp Bottom 11-26: Gap Reversal 11-27: Breakdown 11-28: Momentum Rally 11-29: Gap Up-Lower 11-30: TOP Let's keep the chat going.... Have you found these cycle patterns useful? Have you checked out any of my other research/charts? What would you like my research to focus on? How can I help you improve your trading? Remember, these cycle patterns are mapped out into 2028~2029. They don't change AT ALL. I can tell you what will happen on any specific date based on my research. Are you ready for a fairly big rally in November? It sure looks like the US markets are in for a bit of a momentum rally phase.
AMEX:SPYLong
by BradMatheny
4
BTCUSDT: Was It a False Breakout? 😳 | Oct 28, 2022A strong breakout can finally be seen in BTC after it broke the resistance at $20,000 on Wednesday! The long-awaited breakout was seen after multiple attempts, and it has now opened a new range for Bitcoin to trade in, with the upper barrier being at $21,800. Earlier this week, the SPX rallied strongly which helped Bitcoin break the long-standing resistance. However, at the time of writing, the price is retesting the breakout zone. It is very important for the price to sustain over $20,000 to keep the bullish view standing. If a successful retest is seen after the price is able to bounce back from the support level at $20,000, traders can expect a positive week ahead! However, if the retest is unsuccessful, traders should steer clear of any long positions until the $20,000 mark is reclaimed. They can also expect the price to fall back to $19,000 if the breakout does not sustain (perceived as a fakeout). Until the retest is successful, we cannot rule out the chances of a false breakout, and for this reason, we will be maintaining a neutral outlook for this week! The major points of interest are $21,800 and $20,000 . Remember that this is all based on the subjective views of the writer. As always, DYOR! For more expert analyses, check out our Trading Analysis section (link in bio)!
by CoinMarketCap
ETHUSD: Is Ethereum Reaching $1,700 Soon? 27th October 2022This week, we will stick to the 4-hour time frame to analyze the price action in detail! Bitcoin has finally broken out of the stringent resistance at $20,000. The price of ETH had been ranging between $1,400 and $1,280. This zone was broken with a push that came when Bitcoin broke its resistance. This resulted in Ethereum trading over 5% higher on Wednesday and making way for higher targets for the coming weeks! If the breakout is sustained, traders can expect the price to test the supply zone at $1,700 soon. Conservative traders can wait for the price to retest the support at $1,420 before taking any long positions. It is important for the price to sustain over $1,420 as a fall back into the zone can be viewed as a bearish false breakout. At the time of writing, the RSI can be seen in the overbought zone which is pointing towards a small pullback to the breakout zone. Traders can expect the rally to continue as long as Bitcoin is trading above the support at $20,000. For now, they can set a target at $1,700 with a strict stop-loss below $1,400. The important price levels for this week are $1,420 and $1,700! For more expert analyses, check out our trading analysis section! (link in bio)
by CoinMarketCap
REVERSAL AND CONTINUATION PATTERNS ⚡️Chart patterns are visual representations of price action. Chart patterns can show trading ranges, swings, trends, and reversals in price action. The signal for buying and selling a chart pattern is usually a trend line breakout in one direction showing support or resistance is overcome at a key level. Stop losses are usually set on retracement back inside the previous range and profit targets are usually set based on the magnitude of the previous move leading into the pattern. Many people think of chart patterns as bullish or bearish but there are really three main types of chart pattern groups: reversal chart patterns, continuation chart patterns, and bilateral chart patterns. Understanding the differences is important for traders to understand the path of least resistance on a specific chart based on the primary sentiment of the buyers and sellers price action. Well in this article we will discuss the Reversal chart patterns and the Continuation chart patterns. Reversal chart patterns Reversal patterns happen when a chart has a strong break from its current trend and its momentum reverses course. These patterns show that a trend is coming to an end and the price action is moving in a new direction away from the previous range or direction. These patterns go from bullish to bearish or bearish to bullish. They can take longer to develop than other types of chart patterns. Now I'll show you how the 3 Bullish and Bearish patterns shown in the picture in this Education post. Double TOP and BOTTOM: Well for this first pair of patterns, I have already made a very nice and detailed explanation here in Tradingview, follow the link :) Click Below in the picture. Head & Shoulder and Reversal H&S A head and shoulders pattern used in technical analysis is a specific chart formation that predicts a bullish-to-bearish trend reversal. The pattern appears as a baseline with three peaks, where the outside two are close in height, and the middle is the highest. The head and shoulders pattern forms when a stock's price rises to a peak and then declines back to the base of the prior up-move. Then, the price rises above the previous peak to form the "head" and then declines back to the original base. Finally, the stock price peaks again at about the level of the first peak of the formation before falling back down. The head and shoulders pattern is considered one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end and vice versa. and Viceversa the reversal will look like this Reversal Rising Wedge and Falling Wedge A wedge pattern can signal either bullish or bearish price reversals. In either case, this pattern holds three common characteristics: first, the converging trend lines; second, a pattern of declining volume as the price progresses through the pattern; third, a breakout from one of the trend lines. The two forms of the wedge pattern are a rising wedge (which signals a bearish reversal) and a falling wedge (which signals a bullish reversal). Rising Wedge This usually occurs when a security’s price has been rising over time, but it can also occur in the midst of a downward trend as well. Falling Wedge Continuation chart patterns Continuation patterns signal that the current trend is still in place and it’s about to resume going in the same direction after a trading range has formed. These types of patterns usually form consolidations in price action to let buyers and sellers work through supply and demand before moving higher or lower like the previous trend leading into the range. These are the most popular classic bearish and bullish chart patterns. Continuation Falling Wedge The falling wedge pattern is a continuation pattern formed when the price bounces between two downward-sloping, converging trendlines. It will follow the impulse trend, so a Bullish trend will continue in the uptrend and Vice-versa for il downtrend. And Vice versa the Rising Wedge The Bullish and the Bearish Rectangle A rectangle is a pattern that occurs on price charts. A rectangle is formed when the price reaches the same horizontal support and resistance levels multiple times. The price is confined to moving between the two horizontal levels, creating a rectangle. Bullish Rectangle Bearish Rectangle: Bullish and Bearish Pennant In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines "the pennant" followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole. Some examples: Hope this post will help you to understand the difference between some examples of the most common reversal and continuation patterns.
Education
by FOREXN1
22