FLAG = Impulse + Correction
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After a significant drop in Bitcoin price , the price is in a correction wave.
What makes the chart interesting today is that:
. Bitcoin is likely to challenge the 18042 ~ 18227 resistance area.
. A break above 18227 could push the pair to the 19487 area .
. A resistance rejection ,...
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Descending Triangle Definition:
A Descending Triangle is a type of triangle chart pattern that occurs when there is a support level and a slope of lower high.
It is defined by two lines:
. A horizontal support line running through valleys.
. A Downtrend line drawn through the peaks.
The lower highs indicate...
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Ascending Triangle Definition:
An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows.
It is defined by two lines:
. A horizontal resistance line running through peaks.
. An uptrend line drawn through the bottoms.
The higher lows...
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Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a peak (left shoulder), followed by a higher peak (head), and then another lower peak (right shoulder).
A “ Neckline ” is drawn by connecting the lowest points of the two troughs. Neckline...
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Inverted Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder).
A “ Neckline ” is drawn by connecting the highest points of the two...
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Descending Triangle Definition:
An Descending Triangle is a type of triangle chart pattern that occurs when there is a support level and a slope of lower high .
It is defined by two lines:
. A horizontal support line running through valleys.
. A Downtrend line drawn through the peaks.
The lower highs...
Ascending Triangle Definition:
An ascending triangle is a type of triangle chart pattern that occurs
when there is a resistance level and a slope of higher lows .
It is defined by two lines:
. A horizontal resistance line running through peaks.
. An uptrend line drawn through the bottoms.
The higher lows indicate more buyers are...
Ascending Triangle Definition:
An ascending triangle is a type of triangle chart pattern that occurs
when there is a resistance level and a slope of higher lows .
It is defined by two lines:
. A horizontal resistance line running through peaks.
. An u ptrend line drawn through the bottoms.
The higher lows indicate more buyers are gradually entering...
Ascending Triangle Definition:
An ascending triangle is a type of triangle chart pattern that occurs
when there is a resistance level and a slope of higher lows .
It is defined by two lines:
. A horizontal resistance line running through peaks.
. An uptrend line drawn through the bottoms.
The higher lows indicate more buyers are...
The business cycle, also known as the economic cycle or trade cycle, is the downward and upward movement of gross domestic product around its long-term growth trend. The length of a business cycle is the period of time containing a single boom and contraction in sequence.
The economic cycle is the fluctuation of the economy between periods of expansion (growth)...
USDCAD is coiling for its next move.
The higher lows suggest strength, but USDCAD needs to secure a close above 1.34200 to open the door to the 1.35000 area.
Keep an eye on 1.33720 in the event of a pullback.
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Pullbacks can be traded using various methods. In this post, there would be 2 ways in which I like to trade pullbacks.
The first one is depicted on the left side. It is the orthodox way of trading pullbacks. Method includes Fibonacci retracement and exponential moving average( period 21 is what I use, you can change it according to your preference). Fibonacci...
FLAG = Impulse + Correction - "Learn More Earn More" with us
What makes the chart interesting today is that:
. GBPAUD challenging the 1.8415 ~ 1.8450 resistance zone.
. Min 450 pips room to run. A break above 1.8450 could push the pair to its 1.8900 previous areas of interest.
. A rejection at the Flag range resistance, however, could lead to another retest of...
Bitcoin is coiling for its next move.
The higher lows suggest strength, but BTC needs to secure a close above $12,100 to open the door to the $13,000 area.
Keep an eye on $11,600 in the event of a pullback.
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Stock first Chance the trend with heavy volume and then price has consolidate in a horizontal parallel channel.
A horizontal channel is formed by two parallel horizontal lines that frame the evolution of the price.
The upper line is called the "resistance line".
The lower line is called the "support line".
A horizontal channel is confirmed/valid if it has good...
As per the pattern, dollar might show a steep rise (60-85° angle) in near future. As per the known situations, in long term dollar may face a sharp fall but before that if the pattern breaks out on chart, dollar can witness a sharp bullish rally for a short term.
This explanation is only for educational purpose and isn't any kind of recommendation. Don't take...
DISCALIMER :- I Am Not a Sebi Registered Analyst..All Posts/Calls Shared Are Just For Educational Purpose Only..Non Advisory,DISCRETIONAL,NO Claims,Rights Resevered..I Am Not Responsible For Your Losses..
Consult Your Financial Advisor Before Taking Any Position
