Get started

Chartpatterntrading

📉📈 ZigZag IndicatorZigZag's primary goal is to focus on significant swings and trends by removing insignificant and misleading price changes. ZigZag connects the price's highest and lowest points using straight lines while ignoring minor swings. ZigZag just aims to make sense of the market's previous movements; it makes no attempt to predict the price of an item. It is only based on hindsight and is not predictive in any way. It is based on the past prices of securities and cannot forecast the next swing highs and swing lows. 🟢Advantages It eliminates market noise and displays the most significant price fluctuations. It operates in several timeframes. When utilized in cooperation with other technical indicators, it gives positive results. 🔴Disadvantages It will mark the latest high or low of the price with a time lag. The last stretch of the indicator (the one that involves the current price) may be redrawn. Not predictive in any way, has to be used in combination of other strategies to be effective. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work , Please like, comment and follow
Education
by QuantVue
SHORT Resault: 1040 pips✅GBPJPY is preparing for a very good sell position and I am entering within the specified range Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you? gbpjpy are going to reach second target. 1040 pips in profit.
by Hamiratrading
2
SPX: Next Support/Resistance levels to watch from here!• The SPX is in a short-term bull trend, doing higher highs/lows, trading above the 21 EMA; • Its last bottom level was above a dual-support level, made by the 21 EMA and the upper trend line of an Ascending Channel, which SPY did an upwards breakout; • This dual-support coincides with the 21 EMA in the daily chart, which we nailed as our main support on our previous public study on SPX – link below this post, as usual; • Everything point to a continuation of the momentum, as we don’t see any meaningful top sign, so far; • However, if SPX is about to correct, now would be a good time, as it just filled a Gap (3,965), and any bearish reaction in this area would suggest a pullback to the 21 EMA again, at least; • Since there’s no clear bearish reversal structure, the next resistance on it is the 4,053; • So far, everything is going according to the plan, and the SPX is behaving as expected. I'll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
2
Natural Gas Dream Chart Pattern LongThis is a Dream chart pattern to be found. Multiple confluences of patterns and support lines intercepting at the same place. You can see that there is a huge bottom support line intersecting with a down sloping support line. On top of this, we have a reversal pin bar on today's chart and the completion of a bear flag. This is a 80% probability of success pattern. This is a Gold mine finding. I'm so confident on this pattern that I will be risking 50% of my portfolio. NOTE: This is not a financial advice. This is my on trading and how much risk tolerance I can take. You should only risk the money you can afford to lose. Happy trading.
AMEX:UNGLong
by ppatrading101
3
💎 Diamond Chart PatternAll financial markets, including the stock market, forex market, cryptocurrency market, and futures markets, feature diamond reversal patterns. Compared to many other traditional chart designs, the diamond pattern is less frequent. However, it's critical that you understand and recognize the pattern since, when it happens, it can present a great trading opportunity. In general, a diamond top pattern that follows a rise in market prices offers a greater likelihood of a trade than a diamond bottom pattern that follows a decrease in market prices. 🟢 Bullish Scenario: After a decline, a bullish diamond pattern known as a diamond bottom appears. Typically, a diamond bottom is formed by a significant price decline followed by a consolidation phase that creates up and down swing points. The appearance in this situation will resemble an upside-down head and shoulders design. The structure's peaks and troughs will be connected in the same manner. 🔴 Bearish Scenario: The diamond top typically occurs at the peak of significant uptrends. It efficiently and accurately predicts imminent shortfalls and retracements. By focusing on a head-and-shoulders structure and adding trendlines to the highs and lows, a diamond top can be found. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work , Please like, comment and follow ❤️
Education
by QuantVue
Double Bottom on USD/CHF @ D1This double bottom pattern has formed on the daily chart of the USD/CHF currency pair after a long downtrend. It is now providing a potential bullish breakout opportunity. The two bottoms are marked with the lower yellow line; the neckline is marked with the upper yellow line. My potential entry level is at the cyan line. My potential take-profit level is at the green line. A stop-loss (not shown on the chart) can be set to the low of the breakout candle or to the low of the preceding candle should the breakout one appear mostly outside the pattern's borders. I will ignore bearish breakouts from this trend-reversal pattern.
Long
by AndriyMoraru
2
SPX: Did a BREAKOUT! What's next? 🚨• The index is did exactly what we expected it would, since our previous analysis, last Friday (link below this post); • It went up to hit the upper line of this Ascending Channel (in the 1h chart), but now, it seems we have a clear breakout; • In the daily chart, it is trying to break our resistance at 3,911, and it broke the 21 EMA as well (which is starting to point up); • All these signs point to a short/mid-term bullish reversal; • So far, there’s no clear top sign, or any bearish structure around indicating a continuation of the bear trend; • However, if the index loses the red line at 3,911 again, it might frustrate this attempt of a reversal, and it’ll resume the bear trend again; • I’ll keep you updated on this every day, as usual, but for now, let’s pay attention to the 3,911. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
4
SPX: CONGESTION! Is it a good time to buy? 🤔• As we expected, it seems the index is trapped inside a channel, in the 1h chart; • We identified this channel in my last public analysis, yesterday – link below this post; • Now, the SPX is just heading to the next resistance, which is the upper line; • The 21 EMA is completely flat, indicating nothing but short-term congestion; • In this scenario, only a clear breakout (to any direction) might change things. For now, there's nothing much to do. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
5
Bearish Flag on USD/JPY @ D1This bearish flag pattern has formed on the daily USD/JPY chart as a part of a wider long-term downtrend. The pole and the flag borders are shown with the yellow lines. The stop-loss level (the red line at 133.126) is set to the highest point of the flag area. The take-profit level (the green line at 126.221) is set to the pole's length subtracted from the stop-loss level. I will open this position only if the currency pair closes significantly below the flag's lower border.
Short
by AndriyMoraru
2
SPX: Be aware of these KEY POINTS! [UPDATED].• As we expected, the 21 ema is working as a resistance for the index, and it couldn’t break it yesterday. The link to my previous analysis is below this post, as usual; • In the 1h chart, it seems the index is trapped inside an Ascending Channel. If a downwards breakout occur, I see it at 3,744, the next support level in the daily chart; • A bullish reversal would only occur if the SPX breaks the Ascending Channel (1h) upwards, along with the 21 ema (D). So far, there’s no evidence pointing to that direction; • Either way, let’s pay attention to its main support/resistance levels for now. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
1
📈 4 Common Bullish Patterns🟢 RISING THREE "Rising three methods" is a bullish continuation candlestick pattern that occurs in an uptrend and whose conclusion sees a resumption of that trend. This can be contrasted with a falling three method. The first bar of the pattern is a bullish candlestick with a large real body within a well-defined uptrend. 🟢 FALLING WEDGE The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pull back, two converging trend lines are drawn. The consolidation part ends when the price action bursts through the upper trend line, or wedge’s resistance. 🟢 BULL PENNANT A pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend line. Pennants, which are similar to flags in terms of structure, have converging trend lines during their consolidation period and last from one to three weeks. 🟢 ASCENDING TRIANGLE An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The breakout can occur to the upside or downside 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work , Please like, comment and follow ❤️
Education
by QuantVue
30
NIO: Triggered our Bearish Flag! 🐻 What to expect next?• NIO triggered our Bearish Flag chart pattern, indicating a continuation of the bearish sentiment; • We studied this scenario in our previous public analysis on NIO – link below this post; • In the daily chart, the 21 ema is working as a resistance, and it is pointing down, which reinforces the idea of a bearish sentiment; • What’s the next technical support level for NIO? The purple trend line in the weekly chart. Below that point, the $5.70; • Could NIO react from here? Yes, and if it is about to react, the timing couldn’t be better. NIO is near the weekly support at $9.40 (black line, weekly chart), and any bottom sign would indicate a possible bounce to the 21 ema again. However, there's not a single bullish sign on NIO yet; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NYSE:NIO
by Nathan_The_Finance_Hydra
4
XRP will decide it's direction soonOur algorithm has found a descending volatility pattern after a long period of downtrend and this always helps traders to make money because we can take advanatge of any movement (up or down). We've recently seen a fake break of the red line, but be ready because losing the first blue line is really dangerous for XRP. XRP was created by Ripple Labs, a financial technology company that is focused on providing solutions for cross-border payments and other financial transactions. Ripple Labs developed the XRP Ledger as a way to enable faster and cheaper cross-border payments, and XRP is used as a means of exchange on the network. XRP has gained significant popularity in recent years due to its potential use in the financial industry, and it has been adopted by a number of banks and financial institutions as a means of facilitating cross-border payments and other transactions. However, it is important to note that XRP is not without controversy, and its adoption and use have been met with some resistance and skepticism in the financial and cryptocurrency communities. A descending volatility pattern in the stock market refers to a situation where the level of volatility (i.e., the fluctuation in prices) in the market decreases over time. This can be observed by looking at the historical volatility of a particular stock or index. There are several potential consequences of a descending volatility pattern in the stock market: 1. It may indicate a decrease in market risk, as the level of price fluctuation is lower. This could make the market more attractive to investors who are risk-averse or who have a lower tolerance for volatility. 2- The pattern could also indicate increased stability in the market, which could lead to higher levels of investor confidence and potentially drive more capital into the market. This could lead to an overall increase in stock prices. However, it is important to note that a declining volatility pattern does not necessarily mean that the market is "safer" or that it will continue to trend upwards. Volatility can be unpredictable and can increase suddenly, even if it has been decreasing over a longer period of time. In fact, as we previously said the best way to trade this pattern is to expect an increase in volatility, no matter if it's upwards or downwards. And the most important! What do you think? Are we ready for a new crypto rally here? Will we break the green line? Or we will just see lower prices... again?
BITSTAMP:XRPUSD
by TopChartPatterns