DOUBLE TOP AND DOUBLE BOTTOMIn this short tutorial, we will look at how to trade the Double Tops and Double Bottom
It's simple and straightforward. No need for too much markup and stress on the charts.
TIP: HAVE FAITH AND TAKE ACTIONS!!!
W-patterns
✅GBP_CHF HEAD AND SHOULDERS|SHORT🔥
✅GBP_CHF is trading above the horizontal level
And the pair has formed a head and shoulders pattern
Which means that IF we see a breakout
We will then see a further move down
SHORT🔥
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How To Analyze Any Chart From Scratch - Episode 11Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Today we are going to go over a practical example on GBPAUD, but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
You can find the previous episodes below "Related Ideas"
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NIKKEI - Gartley completion on the Spike high.OANDA:JP225USD Has completed a Gartley Sell signal this morning on the open of the Asia Session.
The Daily AI had a top at that time as well.
First area to watch will be around 26300-26430 area below there would set up a 25500 Double bottom.
If it gets up above 27k then we will be looking at 27500-27800 bigger Gartley area.
Some levels to watch. Enjoy the day.
ASX200 - Double Gartley'sOANDA:AU200AUD is setting up for another Gartley sell pattern.
This time we have the choice of 2 to choose from.
The first one comes in at 6730 the smaller pattern.
The second would see it going up into the 12th of July which would give it equal time and price.
These come on the back of the previous Gartley sell at 7297.
Its great when patterns line up one after the other.
I hope this helps. Enjoy the day.👍👍
Long Entry - XAUUSDClosed my open overnight position, I believe the market is still in a down trend but is looking at going higher up for the day now before it starts to come back down (possibly NY Session). However no trade is ever a guarantee.
Pennant in Nasdaq 100This pennant has a strong probability to generate a directional move, 15-20% in either direction. Wait for breakout and trade accordingly. Make sure to stay flexible and reverse the position if a headfake occurs.
Generally speaking, pennants usually continue the previous trend, and so a downwards breakout should be given a higher probability of occurring.
Bitcoin /// Patterns /// Swing /// SHORT /// Hello
If the chart repeat this move we can expect big dump creating a new lower low.
Chart patterns and price action only
Be careful very strong resistance area.
If Bitcoin brake down 17 500 this mean bear market continuation nothing more.
Pattern breakup strategy back testingPattern breakup strategy back testing on 15 mint
breakup strategy and breakup and retest strategy both combine
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!
