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Study notes on the Babypips course. Based on this article: www.babypips.com Chart example: USD/ Swiss Franc The Falling Wedge is a reversal/continuation signal, much like the Rising Wedge. In this case: - During an uptrend, this means momentum is cooling off a bit, but the price will continue to rise later. - Can be formed at the bottom of a downtrend,...

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Study notes on the Babypips trading course Based on this article: www.babypips.com Example is EUR/CAD, when uptrend stopped and trend shifted into a brief downtrend. The rising wedge is either a REVERSAL or a CONTINUATION pattern Bad news in an uptrend, indicates a reversal is on the cards. In a downtrend, more of the same.

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Study notes based on Babypips course: www.babypips.com Momentum Indicators aka Lagging Indicators - More accurate in representing changes in trend - However, lags behind the trend shift, reducing profit margins - Less prone to false signals / fakeouts so less risky Delayed entry but higher accuracy. They can still provide some fakeouts especially when price...

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I am currently studying the brilliant Babypips.com materials on Technical Analysis. I'm capturing my study notes on live chart examples. These are notes from: www.babypips.com Takeaways: - Oscillators are great at giving signal for trend changes - But they often get ahead of the game and assume *every* fluctuation in momentum is a trend change - Oscillators...

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This is an update of my previous idea on HUGE. As you can see it was a bubble, went 5X and then corrected steeply. Now trading in a tight range. Has tested the support 3 times... bit worried that support will break as more buyers are absorbed. Huge volume on this candle but that wasn't enough to see an uptrend the last time there was major volume. All in all,...

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This one seems like a bit of a no brainer for a 40% move before retracement. 10 day MA has flipped from resistance to support RSI is telling a similar story Volume has increased steadily over days Sell when it touches the 'first trouble area' in the nearest overhead resistance. Invalidated if it dipped back down to the local support, or 10 day MA failed to...

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New to #weedstocks, my experience is in trading crypto for 2 years. I am charting the HMMJ as a macro benchmark of the whole #weedstocks market. Experimented with a few different indicators here, the principle was to find indicators that would have been reliable over the last 18 months. Settled on: MA's (10 and 30), looking for crossovers to signify a change...

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- About to hit the local resistance - RSI is showing almost overbought - Bollinger Bands (Not pictured) indicate that the market is loud, candles forming outside of the upper band - Long term trendline is still intact and 200 EMA continues to be support with the odd dip under, to reload Prediction: - Will be in this range for a few more weeks then R will flip to S

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FSD Pharma looks like it is in accumulation, before a move upwards that could reach as far as the local resistance 'first trouble area' before retracing back down - there would need to be significant upswing in buying volume to go further than that. Indicators - Bollinger Bands looks awfully similar to how they did in July 2018 shortly before accumulation and...

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Canopy looks overbought, if it cannot turn resistance to support on this second attempt, expect it to fall back to the diagonal trendline support. This would be a great point of entry for the next move upwards. Indicators: RSI shows overbought, a move down to the diagonal trendline would be in line with previous support zones on the RSI. Support/Resistance:...

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Observations: XRP/BTC was in a downtrend for some time, spent about 2 months in what looks like accumulation, broke out of that on high buying volume (that was very much a whale move disguised under the pretext of a 'buy the rumour sell the news' event) and is now trading in a range that mirrors the swing highs and lows of the original downtrend. Wild...