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Could this pattern repeat on Chromia?Chromia has been doing pretty well after recovering from the december lows. Holding well in this dip and already gaining upwards momentum. I couldnt help but realise this pattern re occur (one in green rectangle). if you look closer it is very similar and if it plays out could signify a local top at the 618 level of the current fib retracement from the dip. Furthermore the red line you see all the way down is a trend line that exists from previous ATH to subsequent tops and once that broke CHR flew like there is no tomorrow. The recent crash wick retested this line so it is possibly a nice confirmation of upward move.
Long
by Suneater69
Seasonal Futures Trading Patterns S&P 500 Hey traders today I wanted to go over what I believe are the best Seasonal Futures and Forex trades during the year. There are many markets that have seasonal patterns. Such as Forex, Stocks, Futures, and Commodities. Knowing the best time to trade to look for these Seasonal Futures and Forex opportunities will help you in your trading. This series on Seasonal Futures and Forex will be ongoing with several videos. The first video will be about the S&P 500 futures and how to trade them seasonally. Enjoy! Trade Well, Clifford
CME_MINI:MES1!Education
by TradetheFuturesCharts
PATTERNS "BAT" and "CAT".Strange as it may seem, but not only bulls and bears can be found on the market, but also a couple of cats and even a bat! But don't be afraid, these animals have come to help you get rich in the new year. Let's go! The Bat pattern. The bat is a 5-point pattern that can indicate a bullish or bearish breakout. What does it look like? The pattern consists of five points: X is the beginning, from this point the price makes a significant movement; A - here the price unfolds, forming the first vertex; B is a pullback, which can be from 38% to 50% of the X – A movement. C is the price movement, which can range from 38% to 88% of the A – B movement. It is worth noting that C should not go above the point A. D is the price reversal, after movement C. The shortest movement of all other points. At this point we are looking for an entry into the transaction, you can use the Fibonacci lines. The movement from point D can be 88% of the movement of X-A, and can go above point A. Risks The stop loss can be set below the D point, but not below the X point. The CAT JUMP pattern. This pattern is characterized by a strong downward movement and, with proper trading, can bring huge profits. How to find it? The pattern appears in situations of strong movement, usually caused by bad news. The following pattern will be observed on the graph: 1. A sharp drop in price, sometimes with a gap; 2. Rollback to the bottom line of the gap; 3. After which there is a long and strong fall. How to trade? To begin with, you need to find a strong drop with a gap, as correctly accompanied by a strong volume. After that, we are waiting for a pullback to the bottom line of the gap and a reversal – this is where you can enter into a deal. Risks The stop loss is placed above the lower gap line. It is worth noting that from time to time the price may go above the lower gap line. In rare cases, the price reaches the upper level of the gap, and then falls. It is important to note that the fall lasts from one month or more, which is why this pattern is used by long-term traders. Important It is worth recalling that there are alternative patterns: an INVERTED CAT JUMP and a BEARISH BAT PATTERN. Both models work the same way, only in the opposite direction. These figures are very profitable, with proper trading. For example, a fall after a gap and a rollback can be 50% or even 70%, in the CAT JUMP pattern. Whatever pattern you trade, I wish you good luck and a lot of profit in the new year! Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩
Education
by Lingrid
10
EURJPY - In Trend Engulfing Long Setup 4HEURJPY has set up a perfect in trend engulfing long setup on the 4 hour time frame. The engulfing candle formed on Dec 23rd at 8am (closed at 12pm noon CST) engulfed 6 previous candles. The engulfing candle also closed above resistance of the previous highs. Price rejected the 61.8% retracement level perfectly which confirms this setup. Entry at 61.8% retracement level. SL 2 pips below the engulfing candle low. TP set at 3X the risk. Very similar setup to CHFJPY.
Long
by justinholtgrave
WMT Ascending Triangle tradeMassive ascending triangle forming. You don't want to miss out on this one I would wait for a few more days to see if it is following the pattern. If it stays in the pattern until mid-late January, it will breakout hard to at least $150 if not even higher. Just keep watching the chart. Don't act on emotions, don't act recklessly, don't be rash. I am personally going to buy calls if the pattern holds until Jan 20. This is not financial advice, I am not an investment advisor, these are just patterns I see.
NYSE:WMTLong
by Joko1010
AUDUSD. Intraday A.I Trade. AUDUSD has an intraday long opportunity based on my A.I time prediction strategy. There are a lot of things coming together at the same time. 1. We have had a 120 point drop from the recent high with no 38.2% pullback yet. 2. We have the 89% retracement from the recent low and high 15m chart. This gives us a very low risk opportunity to see if its right. 3. There is an A.I expected turn area at 1200pm Jakarta time. If it is right then I'm expecting a 38.2% rally, or a rally into 830pm which ever happens first. A short term trade with a great R/R ratio. This strategy is time based not price, This is why I'm looking for an 830pm time not price. If it goes sideways for 30mins or more then the set up will be invalid.
Long
by L_F
BNB chart explained ( General Idea )Hello traders, welcome back. I decided to write down about my own watchlist during this unstable market, this way you can have a solid strategy on how to react in certain scenarios. during these series of Idea I will be talking about how the charts are looking, support and resistances and also what to expect in short, mid and long term. * Keep in mind this is not a financial advice * Now as you can see, BNB has been in a long term uptrend channel, everytime we tried to break out of it, we got rejected on around 650$ resistance zone. you can also see our major support and resistance zones. recently we broke the orange trend line, now what I expect is a ride toward our first support zone, I believe its going to be the reversal point, by any chance if we break that level the next support would be our reversal zone ( very low possibility ). so basically you can DCA and place buy orders on each level, your goal would be ATH and after that if we broke the 650 there is going to be a bull market. Good luck. Don't forget to like and subscribe.
by Algo_Analyst
This is where I start looking to re-enter - 42-46kHi Traders, A non-video post for you all here. Bitcoin, under the ascending BLACK trendline, has now entered into bearish territory. But, as I have explained numerous times throughout my daily update videos, I do NOT think this is the beginning of a longer-term bear market. This, quite simply, is a pull-back that may last for a few more weeks or through mid/end of December. Why? Institutional investors and hedge funds are collecting profits. Re-allocation will begin in Jan-Feb, at which time Bitcoin should turn bullish once again. Time, price, pattern. That was the time aspect. Now onto price and pattern. We are in bear territory. Slightly. But still. Looks like a bear flag has formed on the daily, but we also have adequate support below us at anywhere from $42,000 to $46,000. Long term hodl'ers don't seem to be releasing their grip. Lots of volume below us according to VPVR as well as the 200 day. Additionally, two potentially significant uptrending lines for support. All of these are strong arguments for a near bottom in this drawback soon. Stock markets are bearish. Yes. True. I've stated my case for this in the last several videos but you may view my last one in the related links below. In correlation with the stocks becoming bearish, Bitcoin has followed suit. However, I am not sure how long this correlation will last? Maybe it continues and the stock market bulls return pulling bitcoin up with it? Maybe a de-coupling occurs and stocks continue to be bearish but crypto turns bullish? This all remains to be seen. What I can read from the charts is that it does look like our crypto space is nearing a bottom on this current drawback. A few more days or maybe weeks and I should be able to start putting together some decent setups once again. Stay tuned and until then, trade safe all! -Stew
INDEX:BTCUSD
by stewdamus
1
The graph analysis (GRT)Hello guys, welcome back. I think GRT is a great deal right now, price been accumulating for quite a long time, now I believe we should start going up again. as you can see on chart, we also had this rounding bottom formation over and over, we have a very important resistance zone ( 1.05 - 1.1 $ ), break of this level can lead to a huge move. Entry zone : 0.7 - 0.77$ Stop loss : 0.54$ Take profits : 1 ) 1.06 $ 2 ) 1.26 $ 3 ) 1.7 $ 4) ATH * It's not a financial advice *
Long
by Algo_Analyst
8
BTC Bear Market 1st Peak FractalAre you all starting to understand or see what i have been talking about?? Get ready for BTC's Longest Bear Market to Date.. Now Let me State That Yes I can bee 100% Wrong here. I Could be completely wrong and be making judgement too early and it be that we actually do see a parabolic run up soon before the bear market begins but as the state of the current Stock market is looking so bad i can't see us going on much longer without seeing a black swan event.
BITSTAMP:BTCUSDShort
by JZ-2Short
1