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Chartpatterntrading

You found liquidity. Now here is what yo do with it. In this chart price action I have marked out where previous types of liquidity existed. At the left you can see there was an uptrend but this uptrend had no factors showing LOW liquidity. Only strong high liquidity. Using the rules below you can mark out liquidity levels and what to expect when price returns to these levels later on. No indicator can do this for you. This is simple price action structure. You can implement these rules into marking levels in your price patterns / shapes, if you like using those as well. Welcome to the coffee shop everybody this is your host and Baristo Eric, and I'm here today to let you guys know about the difference between high liquidity and low liquidity pivots and when I say pivots I mean price levels in the market. I want you to keep in mind that this trick works on all time frames it doesn't matter what time frame you're looking at but it certainly works best if you're comparing the high time frame to the low time frame that you're trading on. This is a price action trick and strategy that you do not need an indicator for. Which means you can never get this wrong as you long as you follow these rules but the minute you try using an indicator for this you're going to miss out on some important details. Now obviously there's a few rules that you need to follow when you're looking for high liquidity or low liquidity pivots and in the image above you should be able to see it but in the text below I'll give you my breakdown of the 123 rule that you can really follow to understand what you're looking for. Here's a few rules to follow: 1. Bullish candles make high pivots 2. Bearish candles make low pivots 3.the length of the Wick of the candle is the trigger to tell you what you're looking for. You cannot find low or high liquidity in a market during the trend. You can only see it after the trend has finished and you are either currently ranging or you are in the alternate trend meaning you were in a downtrend and now you're in an uptrend or a sideways market. You want to look for these liquidity types in the previous trend but using the strategy in this video you can also find high and low liquidity in arranging markets simply by looking at the ranging market that previously took place. The trick to finding liquidity in the market goes like this: Finding Sell Liquidity (Resistance) in previous market moves. If you were in a downtrend and now it has completed you can look backwards at that downtrend and find all the bullish candles that will reflect the rules you were looking for. Look at the downtrend and find the bullish candles. You want the bullish candles that had swing highs and their upper Wick is longer than their lower Wick. If the previous market was an uptrend you simply wanna do the opposite: and previously up trending market you wanna find all the bearish candles and those bearish candles need to have a swing low Wick plus the Wick on the bottom must be longer than the Wick on top. These will reflect your SUPPORT levels (Buy Liquidity) One of the questions often asked is what do you do with these levels once you find them. Once you find low liquidity levels you wanna mark them this way you can treat them as plausible breakout areas meaning that with low liquidity in these areas price will reach those areas later on and price will continue to move through them because there are very few participants trying to buy or sell in a low liquidity area. High liquidity area however simply means there is a lot of volume lot of activity and when price reaches back to these levels that price will either stall or reverse at these levels. High liquidity areas also mean that these are banks and institutions trading at these levels so price can pull away from it retest and then come back to it for a very large move initiated by that same level.
CME_MINI:NQM2024
by CoffeeshopCrypto
BTC/USD Breaking Out!Since March this year, price action on the weekly timeframe has outlined a potential bullish flag pattern, drawn from the all-time high of $73,845 and a low of $60,717. As you can see, the upper boundary is currently being challenged and is poised to cede ground. On the daily chart, the decision point area at $64,612-$66,484 held ground and opened the door to an inverted head and shoulders pattern’s (off $56,478) profit objective at $73,756, which aligns with the major crypto's all-time high. Given this technical context, it would appear buyers are set to remain in command and a test of all-time highs should not raise too many eyebrows.
FPMARKETS:BTCUSDLong
by FPMarkets
Double Top on XAG/USD @ D1This double top pattern has formed on the daily chart of the XAG/USD pair (Silver) following a rather long bullish trend. It can be used as a downside breakout setup. The two tops are marked with the upper yellow line; the neckline is marked with the lower yellow line. My potential entry level is at the cyan line (10% of the pattern's height below the neckline). My potential take-profit level is at the green line (100% of the pattern's height below the neckline). My potential stop-loss is not shown on the chart and will be set to the high of the breakout candle or to the high of the preceding candle if the breakout one trades mostly outside the pattern's borders. I won't be trading a bullish breakout from this trend-reversal pattern.
OANDA:XAGUSDShort
by AndriyMoraru
EURUSD Analysis: Strategic Approach in Volatility PhaseOn the Weekly Chart, this looks like a regular day strolling down the road of simple support and resistance trading. This is when new traders got it all wrong! On the Weekly Chart, sideway consolidation occurred. When sideway consolidation happens, market expansion, known as a volatility increase phase, will definitely follow. From what we had, at this moment, I'll be more inclined to take a buying opportunity at 1.0842 on the 1-hourly chart than to short at 1.0852. Of course, this is not a sure thing; always plan and follow your trade plan.
Long
by RaynLim
Descending Channel on EUR/USD @ D1This descending channel pattern has formed on the daily chart of the EUR/USD pair following a long uptrend. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The stop-loss can be set to the low of the breakout candle (or to the low of the preceding candle if the breakout one is trading mostly outside the channel). Obviously, the SL isn't shown on the chart. I will only take a long trade from this bullish pattern setup.
Long
by AndriyMoraru
3
USDJPY🗝️ LEVELS TO WATCH👀 AND WHY 🤔 Hello Awesome Traders! I trust you had a rejuvenating weekend and are geared up for the exciting trading opportunities the new week has in store. Let's dive right into USDJPY, where a compelling setup awaits our attention. USDJPY has formed an ascending triangle pattern on its weekly chart, signaling a potential bullish move. The recent breakout above the resistance level at 151.944 marks a significant development, offering traders an opportunity to capitalize on the upward momentum. While some may view the weekly chart as a longer time frame, it's important to note that setups like these can yield numerous trading opportunities on lower time frames. For seasoned traders, this setup presents itself as a golden opportunity, ripe for exploration. Upon further analysis, I've identified a key level at 151.008 where we should keep a close eye for potential long positions. I'll keep you updated on any developments. In terms of profit-taking, it's wise to aim for partial profits to lock in gains along the way. Consider targeting the following zones: Partial Profits at 38% Fibonacci retracement level: 161.377 Target Zone 1 at 62% Fibonacci retracement level: 167.159 Target Zone 2 at 79% Fibonacci retracement level: 171.377 Stay tuned as we monitor this setup over the coming weeks, or even months. Warm regards, TCPLTP
Long
by TradeChartPatternsLikeThePros
2
RNDR : BULLISH, Despite the Dip - Here's Why👇COINBASE:RENDERUSD A rare pattern is observed on Render in the daily - a near perfect W Bottom pattern. Now there are a few rules for a chart pattern to qualify and we're not quite out of the woods yet. The next phase should be a retest of the neckline, where we need to keep CLOSING daily candles ABOVE. A break under this support zone will invalidate the pattern. From a technical chart analysis perspective; if you trade chart patterns you should be able to successfully take a long on the support zone. All considering, this will be a medium-risk trade: Another confirmation from technical indicator, the green trendline is a potential wick zone (price on the right pane): Falling perfectly in the center: _______________________________
COINBASE:RENDERUSDLong
by CryptoCheck-
Double Top on EUR/USD @ D1This double top pattern has formed on the daily chart of the EUR/USD currency pair following an uptrend that lasted since the beginning of 2024. It can be used as a bearish breakout setup. The two tops are marked with the upper yellow line; the neckline is marked with the lower yellow line. My potential entry level is at the cyan line (10% of the pattern's height below the neckline). My potential take-profit level is at the green line (100% of the pattern's height below the neckline). My potential stop-loss is not shown on the chart and will be set to the high of the breakout candle or to the high of the preceding candle if the breakout one trades mostly outside the pattern's borders. I won't be trading a bullish breakout from this trend-reversal pattern.
Short
by AndriyMoraru
MATIC: RARE Pattern ! Three Drive spotted 📉📉 MATIC - USDT 📈 The three-drive is a rare price pattern formed by three consecutive symmetrical moves (or drives) up or down. In its bullish form, the market is making three final drives to a bottom before an uptrend forms. In a bearish three-drive, it is peaking before the bears take over. this means that we SHOULD bottom soon, at least. And the next landing zone could be a good accumulation point. At first glance, it may appear bullish - since the price is now consolidating under a "resistance zone", which is normally a bullish indicator when the price is INCREASING, but not when the price is decreasing. This is infact not consolidation under a resistance zone, but should be seen instead as another failed bounce on a key support zone. The immediate price we can expect to see in the short term is 0.59c, however this zone was already tested with a wick - meaning it will be weaker when we head there for a second test. Although it's a great alt to have as a part of your diversified portfolio; I've been bearish on Matic for a while, with my previous update also cautioning sell for short term: _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:MATICUSDT
MShort
by CryptoCheck-
3
Ascending Channel on EUR/USD @ D1An ascending channel pattern has formed on the daily chart of the EUR/USD currency pair. This followed a long period of bearish trend for EUR/USD. The pattern can be used for a downside breakout trade setup. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The position of both lines is calculated based on the channel's width. The stop-loss isn't shown on the chart. It is to be set to the high of the breakout candle or to the high of the preceding candle if the breakout one is trading mostly outside the channel.
Short
by AndriyMoraru
1