This concept involves observing a trend line on a weekly chart
(1) 1st Weekly Close 2 Touch Trend Line Break:
Idea:
This concept involves observing a trend line on a weekly chart that has been touched by the price at least twice. The idea is to look for a breakout, specifically focusing on the weekly closing prices.
Description:
Identify a trend line on the weekly chart that has been touched by the price on at least two occasions.
Monitor the weekly closing prices as the price approaches and interacts with this trend line.
The confirmation of a breakout occurs when the weekly closing price crosses above or below the trend line.
A close above the trend line may signal a bullish breakout, while a close below may indicate a bearish breakout.
(2) Same in Daily Time Frame with Fractal Two Touch Trend Line Break:
Idea:
Similar to the weekly concept, this involves observing a trend line on a daily chart, and it introduces the concept of fractals, where patterns repeat at different scales.
Description:
Identify a trend line on the daily chart that has been touched at least twice.
Use fractal analysis to ensure that the pattern is consistent and repeating at various scales on the daily timeframe.
Monitor the daily closing prices as the price approaches and interacts with the trend line.
A breakout is confirmed when the daily closing price crosses above or below the trend line.
(3) Recent MSB (Trend Line Touch Pivot) Will Be Break:
Idea:
This concept involves recognizing a Major Swing Bottom (MSB) where the price touches a trend line that acts as a pivot point. The expectation is that this pivot point will be broken.
Description:
Identify a recent Major Swing Bottom (MSB) where the price has touched a trend line acting as a pivot.
Anticipate a potential breakout beyond this pivot point based on technical analysis indicators or additional chart patterns.
Confirmation occurs when the price convincingly breaks above the trend line, signaling a potential change in the trend direction.
These ideas are rooted in technical analysis principles, and traders often use them as part of their strategy to make informed decisions in financial markets. Always consider using these concepts in conjunction with other analysis tools and risk management strategies.
Idea:
This concept involves observing a trend line on a weekly chart that has been touched by the price at least twice. The idea is to look for a breakout, specifically focusing on the weekly closing prices.
Description:
Identify a trend line on the weekly chart that has been touched by the price on at least two occasions.
Monitor the weekly closing prices as the price approaches and interacts with this trend line.
The confirmation of a breakout occurs when the weekly closing price crosses above or below the trend line.
A close above the trend line may signal a bullish breakout, while a close below may indicate a bearish breakout.
(2) Same in Daily Time Frame with Fractal Two Touch Trend Line Break:
Idea:
Similar to the weekly concept, this involves observing a trend line on a daily chart, and it introduces the concept of fractals, where patterns repeat at different scales.
Description:
Identify a trend line on the daily chart that has been touched at least twice.
Use fractal analysis to ensure that the pattern is consistent and repeating at various scales on the daily timeframe.
Monitor the daily closing prices as the price approaches and interacts with the trend line.
A breakout is confirmed when the daily closing price crosses above or below the trend line.
(3) Recent MSB (Trend Line Touch Pivot) Will Be Break:
Idea:
This concept involves recognizing a Major Swing Bottom (MSB) where the price touches a trend line that acts as a pivot point. The expectation is that this pivot point will be broken.
Description:
Identify a recent Major Swing Bottom (MSB) where the price has touched a trend line acting as a pivot.
Anticipate a potential breakout beyond this pivot point based on technical analysis indicators or additional chart patterns.
Confirmation occurs when the price convincingly breaks above the trend line, signaling a potential change in the trend direction.
These ideas are rooted in technical analysis principles, and traders often use them as part of their strategy to make informed decisions in financial markets. Always consider using these concepts in conjunction with other analysis tools and risk management strategies.