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Continuation

Tesla TradeIt appears that the current price action is drawing a nice bullish continuation pennant. This is supported by a similar figure being drawn on the RSI graph where we currently have bullish divergence. If todays candle will be finishing in the green and no lower lows will be plotted for the day it might be worth it to open a LONG position. The trade will offer a very high risk/reward ratio and it should go as follows: IN LONG at market before market closes ONLY IF IN GREEN SL 345 TGT1 430 TGT2 500 TGT3 575B
NASDAQ:TSLALong
by UMM_investments
6
EURUSD 1.17143 - 0.48 % * DESCENDING CHANNEL STRUCTURE LONGTRAD Hello Everyone A look at the EURUSD pair from the 4H chart which dropped to 2-DAY lows yesterday at around 1.1750. The pair slowly loosing it grip further as we touched the base of the descending channel structure. ECB remains attentive to the euro appreciation. FED'S J. POWELL will testify on Tuesday, wed & thurs. looking for structure to hold on the pair hence looking for reversal patterns with the bulls to the roof of structure. let's see how it goes. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
In Depth Look at Continuation & Reversal Structures/Patterns Hi everyone: In this educational video, I will explain how I determine reversal and continuation structures/patterns in the market. Many have asked me to break this topic down more in depth and in live, so I hope I can address all the questions I get on this. So, in my opinion there is only 2 main type of structures/patterns: Continuation Structures Reversal Structures The key to find consistency in price action trading is to identify what kind of correction the structure is forming. Is it a reversal, or is it a continuation? Since after a correction is finished, we are likely to see an impulse move from that structure, and it's good to understand when and how likely that structure will either continue or reverse the current price. Below I will list out some of the most commonly identified reversal and continuation corrections. To me, it's not too important what people call these structures/patterns, but what you need to determine is, is it a reversal or continuation structure? Because, the market is ever evolving, and price action structures/patterns are also evolving. Sure we can learn a lot from the typical “Textbook” structure and patterns, but they often or not won't be picture perfect, and we need to utilize what else the market is telling us to determine the structures. Continuation Structure -flag -channel -triangle -pennant Reversal Structure -wedge -ascending/descending channel -Double Tops/Bottoms (M and W pattern) -Head and Shoulder Understanding how the price has been moving thus far, will give you a more clear understanding of what the structure is going to form. For example: -When we see price at the top of a HTF structure, slowing down and correcting itself up, you will be looking for reversal structure from the top, and looking for the sell. -When we see prices broken out of the HTF structure, you will be looking for a continuation structure to form and continue the buy. As always ,feel free to ask me questions or comments. Thank you
Education
by jojofang0901
26
USOIL 43.23 - 0.3% LONG IDEA * TREND & STRUCTURE CONTINUATION Hello Every-one Here's an idea on the USOIL which broke above the ascending channel structure currently rallying to retest the descending triangle structure which could possibly be signalling continuation with the bulls so targeting continuation of this move with the bulls on oil. let's see how it goes HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 43.62 TP 2 - 44.25 SL - 42.83 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
TVC:USOILLong
by PULEMokhothu
4
USDZAR 16.87410 + 0.03 % SHORT IDEA * TREND CONTINUATION IDEA Hey everyone Here's an idea on the DOLLAR / ZAR The pair has been in a down trend looking for continuation of this moves in the coming week unless the markets starts indicating otherwise but till then on the 4H chart the pair is currently trading in a symmetrical triangle/pennant which could possibly indicating continuation with the bears lets see how it goes... HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu