M-pattern — Trading Ideas on TradingView (2024)

How to Identify and Trade Flag Patterns EffectivelyThe flag pattern is one of the most effective trading setups in the crypto market, known for its reliability and high probability of continuation in trending markets. Here’s a detailed overview of what a flag pattern is, how to identify it, and why it works so well in crypto trading. What is a Flag Pattern? A flag pattern appears as a brief consolidation following a strong price movement, resembling a rectangular shape. There are two main types of flag patterns: bull flags and bear flags. Bull Flag: This pattern typically forms after a strong upward price movement (the flagpole), followed by a slight pullback or consolidation (the flag) before the price continues its upward trend. The flag usually slopes downward or moves sideways. Example of Bullish Flag Pattern. Bear Flag: Conversely, a bear flag occurs after a significant downward movement, followed by a consolidation that trends slightly upward, indicating a continuation of the downward trend once the price breaks down through the flag. Example of Bearish Flag Pattern. Identifying Flag Patterns To identify a flag pattern, traders look for: 🏳️ Flagpole: This is the initial sharp price movement.🏳️ Flag Formation: This should be a consolidation phase that lasts from 2-3 candles up to more than ten, depending on the timeframe.🏳️ Volume Analysis: Ideally, the volume should be higher during the flagpole and lower during the flag consolidation. An increase in volume upon breakout is a strong confirmation of the continuation. Here is the example chart for identifying the flag pattern: Trading the Flag Pattern To trade a flag pattern effectively, follow these steps: 📈 Entry: For a bull flag, consider entering the trade once the price breaks above the upper boundary of the flag. For a bear flag, enter on a break below the lower boundary.📈 Stop Loss: Place your stop loss just below the flag (for bull flags) or above the flag (for bear flags).📈 Profit Target: A common target is to measure the height of the flagpole and project that distance from the breakout point. Example chart showing how to place a trade using the flag pattern: Why It Works in Crypto Markets The flag pattern is particularly effective in the crypto market for several reasons: 📊Volatility: Cryptocurrencies are highly volatile, which can create strong price movements leading to clear flag formations. 📈 Trend Continuation: Flags often appear in trending markets, where there’s a significant amount of bullish or bearish momentum. 🧠 Psychological Factors: Traders recognize these patterns, leading to increased buying or selling pressure at breakout points. Example of Bullish and Bearish Flag Pattern:Bullish Flag: Bearish Flag: Flag patterns are highly effective in crypto trading, offering clear signals for trend continuation. They are especially useful in volatile markets, providing reliable entry and exit points. By identifying strong momentum during the breakout and combining it with volume analysis, traders can use flag patterns to make well-informed, high-probability trades.

A classic setup for finding trading opportunitiesHi traders and investors! In a recent post, I talked about a classic setup. You can find the post below in the related ideas section. I decided to elaborate on it a bit more because this setup frequently appears across different assets, and certain elements of this setup are common in various trading methodologies. In this article, I used a bar chart because bars take up less space, making it easier to see other elements of the chart.Take a look at the chart. The seller's move from the 52,550 level updated the previous local high. The bar with the highest volume in this entire buyer's movement is the bar from September 18. The 50% level of the entire buyer's movement lies within this bar (!).Next, we see the seller's movement, and on October 3, a test is formed within the key buyer's bar, at the level of 59,828.11. The price didn't reach the 50% level (59,524).The key seller's bar in this movement (the bar with the highest volume) is the bar from October 1. The 50% level of the entire seller's movement is within this bar (!).Next, we see the buyer's movement, and on October 5, a test is formed within the key seller's bar, at the level of 62,484.85. The price didn't reach the 50% level (63,163.06).Then we see the buyer's attack on the test level of 62,484.85 and the 50% level of the seller's movement (63,163.06), followed by the seller returning the price below the test level, accumulating volume for a downward move. After that, the local minimum of 59,828.11 was updated.Then, the seller attacks the test level of 59,828.11 and the 50% level of the buyer's movement (59,524), and the buyer returns the price above the test level, gathering volume for an upward move. What happens next... we will soon see.This is how the buyer's attack on the 50% level of the seller's movement looked on the 4-hour time frame. No differences whatsoever. Although, maybe I didn’t look hard enough. The key bar of the seller's movement intersects the 50% movement. First, there’s a test below the 50% level (test level 62,975), then an attack on the test level and the 50% level. Hope you found it interesting. Good luck with your trading and investments!

All About the Flag Pattern (Beginner-Friendly)Hello everyone,Today, I’ve prepared an educational guide on chart patterns, specifically focusing on the Flag Pattern.This content is designed to be easy for beginners to follow, so I hope you find it engaging and informative. :)Below is the outline I’ll be using for this post:———— ✔️ Outline 1. What is a Flag Pattern? Definition Key Components Characteristics 2. Bullish Flag Pattern Basic Characteristics Examples 3. Bearish Flag Pattern Basic Characteristics Examples ———— 1. What is a Flag Pattern? 1) Definition A Flag Pattern forms during a brief consolidation phase after a strong price movement, often signaling the continuation of a trend. It typically appears when prices make a sharp move, either up or down, followed by a period of sideways or slightly counter-trend movement. Flag Patterns can occur in both uptrends and downtrends, named for their resemblance to an actual flag. After a strong price move, the market consolidates briefly before continuing in the original trend direction. 2) Key Components Flagpole: The initial strong price movement that sets the overall trend direction before the consolidation phase. Flag: The consolidation period where prices move sideways or slightly counter to the trend, often forming a rectangle or parallelogram. This phase typically occurs with a decrease in trading volume. Breakout: The moment when the price resumes its original trend direction. In an uptrend, this is an upward breakout, and in a downtrend, a downward breakout, confirming the continuation of the trend. 3) Characteristics Duration: The Flag Pattern typically lasts longer than the Flagpole but varies depending on the timeframe. Volume: Volume usually decreases during the Flag’s formation and increases once the breakout occurs. Reliability: The Flag Pattern is considered a reliable indicator of trend continuation, making it a favorite among traders using trend-based strategies. ———— 2. Bullish Flag Pattern 1) Basic Characteristics A Bullish Flag forms after a strong upward price movement, signaling a temporary consolidation phase. During this consolidation, volume typically decreases, suggesting that the market is pausing rather than reversing. After this phase, the price often continues its upward trend, accompanied by an increase in volume. Bullish Flag Patterns also help relieve overbought conditions in technical indicators, providing the market with a chance to prepare for another move up. 2-1) Example 1 This chart from May 2023 shows a strong Flagpole followed by a long consolidation phase (Flag). The volume then increased as the price broke out, completing the Bullish Flag Pattern. 2-2) Example 2 In this chart from March 2021, we see a similar setup: a strong Flagpole, followed by a consolidation phase, leading to a breakout that continued the upward trend. ———— 3. Bearish Flag Pattern 1) Basic Characteristics The Bearish Flag Pattern is the inverse of the Bullish Flag. It follows a strong downward move (Flagpole) and is followed by a period of consolidation (Flag) with decreasing volume. Like its bullish counterpart, the Bearish Flag can relieve oversold conditions, leading to a continuation of the downtrend after a breakout. 2-1) Example 1 This chart from May 2022 displays a Bearish Flag Pattern: a strong downward Flagpole, followed by a Flag consolidation phase. After the consolidation, a breakout occurred, continuing the downtrend. 2-2) Example 2 This chart from February 2022 also illustrates a strong downward Flagpole, followed by a consolidation phase (Flag), leading to a breakout that completed the Bearish Flag Pattern. This guide will help you better understand the Flag Pattern and how it can be used in your trading strategy effectively! ———— ✔️ Conclusion I hope the various Flag Patterns and market analysis techniques covered in this post prove helpful in your investment journey. Chart analysis is not merely a technical skill but also a deeper understanding of market psychology and movement. Flag Patterns, along with other chart patterns, visually reflect the psychological dynamics of the market. Mastering their use can greatly contribute to successful trading.That being said, the crypto market is inherently unpredictable and fast-moving. While technical analysis is a valuable tool, it’s important to adopt a comprehensive approach that considers broader market trends and external factors. I encourage you to apply the insights gained from this post with a balanced and cautious perspective when making investment decisions.New opportunities are constantly emerging, and those who are prepared to seize them will find success. The chart represents the market’s voice. Listening to it, interpreting it, and making informed decisions based on that interpretation is "the essence" of chart analysis.I sincerely hope that, through continuous learning and experience, you’ll evolve into a more confident and successful investor.

Unlock Winning Strategies: Spot High-Probability Trades!Chart Analysis: XAU/USD (Gold Spot vs. USD)Based on the two charts you have provided, here is a detailed technical analysis of XAU/USD using price action and chart pattern observations:1. Weekly Flag Trendline (Higher Time Frame Context)The upper and lower yellow trendlines represent a possible flag pattern on the weekly chart. This suggests a consolidation phase after a strong impulsive move. A flag pattern typically signals a continuation of the previous trend, which, if the context is bullish, indicates that after consolidation, there may be a continuation to the upside.On both charts, we can observe that price action is contained within this broader structure, indicating that price is in a correction phase rather than an impulsive phase.2. Key Horizontal Levels2,532.144 and 2,506.245: These levels act as strong resistance zones. The price has struggled to break above these levels multiple times, indicating significant selling pressure or profit-taking at these points.2,471.313: This is a key support level. The price has reacted to this level before and, most recently, has bounced back after testing this support zone. This suggests that buyers are willing to step in at this level, providing a floor for the price.3. Descending Channel and Price Action PatternsDescending Triangle/Channel Pattern: On the 15-minute chart, the price seems to be forming a descending triangle pattern (lower highs and a flat support at 2,471.313). This pattern is typically bearish, suggesting a potential breakdown if the support does not hold.Potential Reversal Patterns: After testing the lower trendline of the weekly flag pattern and finding support at the 2,471.313 level, there was a notable bullish reaction. This can imply a short-term reversal, especially if confirmed by a break above the minor resistance level of 2,494.370.4. Consolidation Zone and Lower Time Frame PatternsThe 15-minute chart shows a clear consolidation pattern after the sharp decline, with price action currently moving sideways between 2,494 and 2,506. A break above this consolidation range could signal a short-term bullish continuation towards the upper resistance levels, while a break below would imply a continuation of the bearish trend observed previously.5. Breakout and Pullback ZonesThe yellow dotted lines on the 15-minute chart indicate key areas where the price broke out from consolidation phases. These areas are crucial for identifying potential entry points in a trending market. If the price retests these zones and finds resistance or support, they could act as triggers for either continuation or reversal trades.Trading Strategy ConsiderationsBullish Bias: Traders with a bullish bias might consider waiting for a breakout above the 2,506.245 resistance, looking for a confirmation with a pullback to this level as support. The target could be the upper boundary of the flag around 2,532.144 or higher, depending on momentum and broader market conditions.Bearish Bias: A trader with a bearish outlook might wait for the price to break below the 2,471.313 support level, looking for short positions targeting lower levels aligned with the descending channel's trajectory.Range Trading: Given the current consolidation between 2,494.370 and 2,506.245, range traders could look for entries at the edges of this range with tight stops and defined profit targets within the range.ConclusionGiven the price action analysis and current chart patterns, the XAU/USD market appears to be in a consolidation phase within a broader flag pattern. This suggests that while the immediate outlook may be neutral to bearish, there is potential for a bullish breakout if key resistance levels are breached. Traders should watch for confirmed breakouts or breakdowns from these levels to guide their trading decisions, keeping in mind the broader market trend and any fundamental drivers influencing gold prices.

Unlock the Secrets of Gold Trading: Pericles' Ancient WisdomIn this video, we explore the profound perspectives on fear from historical figures like Pericles and modern thinkers like Ryan Holiday. Pericles, the esteemed Athenian statesman, saw fear as a natural emotion that should not paralyze us. He believed in confronting fear with courage, rational thought, and strategic planning, using it as a tool for effective decision-making.Ryan Holiday, drawing on Stoic philosophy in his works, echoes these sentiments with stories of historical figures who turned fear into fuel for success. He recounts how John D. Rockefeller faced market crashes with calm calculation and how Theodore Roosevelt overcame health challenges by embracing adversity.Both Pericles and Holiday teach us that fear, when managed correctly, can become a powerful ally. By acknowledging fear, confronting it with rationality and courage, and using it to sharpen our focus and strategy, we can transform challenges into opportunities for growth and success. This approach is especially relevant in the realm of trading, where mastering fear can lead to better decision-making and greater resilience.Key Levels and Patterns:Higher Highs (HH) and Higher Lows (HL):The chart shows a series of higher highs (HH) and higher lows (HL), indicating an overall uptrend. This pattern suggests that the bullish momentum is still in play.Ascending Channel:There is a well-defined ascending channel where the price has been moving upwards within parallel trendlines. This channel can act as a guide for potential support and resistance levels.Reversal Points (LQZ):1-Hour LQZ / Reversal Point: Located at 2,429.190. This level is a potential area where price may reverse or find support.4-Hour LQZ / Reversal Point: Located at 2,391.394. This level also serves as a significant support zone.Take Profit (TP) Levels:TP 1: 2,319.385TP 2: 2,288.085TP 3: 2,265.369Recent Price Action:The price recently reached a higher high at around 2,458.755 and then pulled back slightly, indicating a potential short-term correction within the overall uptrend.The ascending channel suggests that if the price remains above the lower boundary of the channel, the uptrend is likely to continue.If the price breaks below the 1-hour LQZ / Reversal Point at 2,429.190, it could test the 4-hour LQZ / Reversal Point at 2,391.394. A further breakdown below this level might lead to the next support at TP 1.Analysis Summary:Bullish Scenario: The price could bounce from the current levels or the lower boundary of the ascending channel, aiming for new highs. Traders might look for buying opportunities near the support levels of the channel and reversal points.Bearish Scenario: If the price breaks below the identified reversal points and the ascending channel, it might signal a deeper correction, potentially heading towards the TP levels for possible buying opportunities at lower prices.By applying Pericles' wisdom of confronting fear with rationality and Ryan Holiday's insights on turning fear into strategic advantage, traders can approach these levels with a clear, disciplined mindset, making informed decisions even in volatile market conditions.

three drives patternhello guys...Before anything you should know I don't follow the exact fibo level and strict rules to find patterns!Only the generalities of the subject matter to me.rules:- a sharp movement- three-five drive one after the other- the correction waves don't engulf the last correction- always a divergence (rsi) helpslet's see some examples

DOUBLE BOTTOMThe double bottom pattern is a technical analysis chart pattern that appears during a downtrend and indicates a possible trend reversal. It is formed by two consecutive lows that are approximately equal and separated by a peak in betweenLIKE SHARE FOLLOW US

What is the ( Flag pattern) ?A flag pattern is a technical analysis chart pattern that can be observed in the price charts of financial assets, such as stocks, currencies, or commodities. It is considered a continuation pattern, indicating that the prevailing trend is likely to continue after a brief consolidation or pause.The flag pattern is formed by two main components: Flagpole : The first part of the pattern is a strong and sharp price movement, either upward (bullish flag) or downward (bearish flag). This initial move is known as the flagpole and represents a strong surge in buying or selling activity. Flag : Following the flagpole, there is a period of consolidation where prices move in a rectangular or parallelogram-shaped pattern. This consolidation phase is referred to as the flag. The flag is characterized by decreasing volatility and typically forms a channel or a rectangle.There are two types of flag patterns: Bullish Flag: The flagpole is an upward price movement, and the flag is a downward-sloping consolidation. This pattern suggests a temporary pause in the upward trend before a potential continuation. Bearish Flag: The flagpole is a downward price movement, and the flag is an upward-sloping consolidation. This pattern indicates a temporary pause in the downward trend before a potential continuation.Traders often look for flag patterns as they may provide insights into the market sentiment and offer potential trading opportunities. The breakout direction (up or down) from the flag pattern is considered a signal for the potential future price movement. However, it's important to note that not all flags result in a continuation of the previous trend, and traders often use other technical indicators and analysis to confirm signals and manage risk.

Swing Trading - Concept of Accumulation and Distribution Following stocks have been discussed in the video1. HG Infra2. NFL3. SPICAccumulation - Is always found on downside and any breakout may give 8-14% returns in short tradeDistribution - Is always found on top from where the price may reverse to downsideThis video is made only for educational purpose. Do your own study before taking any trades.

Harmonic Patterns in Trading: A simple introductionIntroduction In the world of trading, we often hear about harmonic patterns. These are very special tools in the trader's toolkit. They are complex but very important. In this article, we look into these patterns, how traders use them, and why they are crucial. Understanding Harmonic Patterns Harmonic patterns are part of technical analysis in trading. They come from Fibonacci numbers and show potential future price movements. These patterns are not random; they are specific geometric shapes in the markets. Some well-known patterns are Gartley, Bat, Butterfly, Crab, and Shark. Each pattern is unique and uses Fibonacci in a different way. Top Harmonic Patterns Gartley Pattern: This is a very famous pattern. It looks like an 'M' or 'W' shape. It helps traders to find good points for buying or selling.Bat Pattern: This pattern is similar to Gartley but with different Fibonacci measurements. It's known for its high accuracy in predicting market reversals.Butterfly Pattern: This pattern indicates a strong reversal. It's like Gartley and Bat but has a longer 'wing'.Crab Pattern: Known for its extreme accuracy, the Crab pattern offers precise entry and exit points.Shark Pattern: This is a newer pattern. It helps to identify very sharp and sudden changes in the market. Fibonacci and Markets: A Symbiotic Relationship Fibonacci sequence is a series of numbers important in many areas, including markets. Traders use these numbers to predict where the market might go.Importance of Harmonic Patterns in TradingPredicting Markets: These patterns help traders to guess future market movements, unlike other tools that only analyze past data.Strategic Trading: They offer clear points for entering and exiting trades, which helps in planning.Versatility: Useful in various markets like forex, stocks, and cryptocurrencies.Risk Management: They provide structured ways to manage trading risks.Complementing Strategies: Harmonic patterns can be combined with other market analysis methods for stronger trading strategies. Learning Curve Understanding harmonic patterns requires time and market knowledge. But they offer a clear insight into market behavior, which is very valuable for traders. Challenges Using harmonic patterns can be tricky. They need correct identification, and market volatility can sometimes affect their accuracy. So, traders need to be adaptable. Conclusion Harmonic patterns are a mix of mathematics and market understanding. They use Fibonacci to interpret market movements. For traders willing to learn, they offer deeper market insights. In trading, understanding these patterns can be a great advantage.

Candlestick-Formations: How To Spot The Patterns Like A Pro!Hello, Welcome to this tutorial about Candlesticks and in particular the very various candlestick patterns that form in the financial markets. The charting technique under which Candlesticks operate are candlestick charts and the candlesticks firstly came up in the 18th century, till today they established as a widespread technique that many traders use for their charting. What is so amazing with these candlesticks compared to a line or point-and-figure charting is that they can determine very precisely if a market is trending, if a reversal is establishing or the momentum of price-action is slowing down. The various single candlesticks can add up to decisive candlestick-patterns that can be used for trading and trading decisions, especially with other indicators such as oscillators or channeling they can be a strong tool for today's trading principally also in modern markets where there is decent liquidity and not many gaps such as Cryptocurrency or Forex. __ Characteristics: - In my chart, I have listed 34 contrasting cryptocurrency patterns that can be spotted in the markets. On the left side, there are 16 bearish candlestick patterns and on the right side, there are 16 bullish candlestick patterns together with the 2 candlestick patterns in the middle which have the same name regardless of direction. - From the 17 patterns for each side are 15 possible in both directions bullish as well as bearish while there are only 2 patterns in each direction that only form in this bearish or bullish direction. - The patterns can be divided into continuation patterns and reversal patterns. Continuation patterns can be used to make sure the established trend moves on and reversal patterns can be used to spot actual reversals to properly prepare on it. - The patterns are functioning in the underlying timeframes similarly with the trend established in this timeframe however from a broader perspective the bigger the timeframe in which the particular pattern forms the more consistent and strong this direction is for the bigger trend. So when for example a reversal pattern forms on the weekly timeframe it is stronger than patterns forming on the daily timeframe. __ Candlestick-Patterns: Bearish/Bullish 3 Continuations: - A very typical continuation pattern. The first big candle sets the tone for the pattern following up with 3 minor little candlesticks with no strength in the reverse direction till a further major candlestick emerges pushing the price toward the established direction. Bearish/Bullish Harami: - This is a good example of a reversal pattern. The first candlestick is a candle against the trend direction followed up by a new candle in the trend direction showing still possible continuation till a final smaller candlestick with a smaller body than the previous one sets the tone for the reversal. Bearish/Bullish Harami Cross: - A great continuation pattern. As the first candle is a big candle setting the pattern up with strength a little cross following up with the same close and open which is showing a consolidation in this range to build up and continue with the further volatility into the established direction. Dark Cloud Cover/Piercing Line: - A very very strong reversal pattern. While the two trend candles still suggest that the previous trend is ongoing the next third candle is very weak as it is small and does not rally the full length of the previous candle and shows up win the ends of the previous candle signaling high weakness of the bulls or bears and setting up the determined reversal. Engulfing Bearish Line/Engulfing Bullish Line: - The next substantial reversal pattern. It happens in a developed up or downtrend with the last candles low forming a line, the body of the next candle is bigger than the previous however it's close or open exactly forms there where the previous candle had its low, when the next individual candles moving to continue in this reverse direction then the pattern fully confirms. Evening Doji Start/Morning Doji Star: - This is a very interesting reversal pattern. As one normal candle into the trend directions sets up the pattern one continued weak start Doji is formed above the top or bottom of the previous body showing exhaustion and momentum slowing down, when the next candle moves into the reverse direction the pattern and continuation are validated. Evening Star/Morning Star: - A great reversal pattern. The first candles close or open set up a line where the next close or open travels outside the line with the candle showing a weak breakout while the next line into the reverse direction confirms the reversal and the formation to set up further volatilities into the reverse continuation-zone. Gravestone Doji/Dragonfly Doji: - These candles signal the initial exhaustion of the trend with a candlestick with a long shadow and the smallest possible body with the same open and close, they can be reversal as well as continuation patterns. Either the body is in the upper range or the lower range of the shadow, this is which direction the next movements will likely go. Separating Line Bearish/Separating Line Bullish: - This is a strong continuation pattern. As the first candle's body with the open or close sets up a line the next candle's close or long is below or above the line which means a weakness of this next candle regardless of the direction and estimates the further continuations into the trend direction. Evening Window Star/Morning Window Start: - This is a good example of a reversal pattern including a gap in the structure. As the first candle moves into the established direction there comes a gap before the next candle emerges which closes outside the body of the previous candle above or below, after that following candles into the new direction validate the final reversal of the previous trend. 3 Bullish Soldiers/3 Bearish Soldiers: - This is a very typical reversal pattern as the established trend exhausts with three small candles the momentum of this trend gets smaller and when the next candles follow up with a much bigger body into the other direction the pattern is completed and will determine the bearish or bullish continuations into the reversal direction. Inverted Hammer: - This is a reversal pattern that stops the previous trend and moves in the other direction. It has a high similarity with the hammer however in this case the small bodies close or open is at the same price as the low of the candle showing the exhaustion of the previous trend direction and builds the setup for the full reversal. On-Neck Line: - This is a pattern that shows the incoming bullish reversal of a previously established bearish trend as one first bullish candle signals the possible reversal it is followed by a bearish one still pushing downward and forming a new low till a snap-back move on finally confirming the reversal. Shooting Star/Inverted Hammer: - This is a pattern that determines a strong reversal as the first candles open or close forms a line, the following candles move above or below this line and then close or open is exactly on this line just outside after that the next big candle forms into the reverse direction again below or above this line and the final reversal is formed. Long Upper Shadow/Long Lower Shadow: - This pattern can move in the bearish or bullish direction showing up a reversal, as the price-action is exhausted in the particular direction a long shadow builds up while the body of the candlestick is very small in the previous direction weakens further and the reversal is easily established. Tweezer Tops/Tweezer Bottoms: - This reversal pattern can come in two variants in both it is important on where the close of the new candle lies to the previous candle or in reverse the open to the new candle, similarly with the low or high of the new candle. When these are at the same price action the reversal is determined into the new direction. Hanging Man/Hammer: - This pattern signals a determined reversal and in comparison to the long upper shadow/long lower shadow fills out the complete end of the shadow with the close or open at the same price level as the high. Tri-Star: - The Tri-Star is a pattern that shows a reversal with three candles each one with very small shadows as well as a same-close-and-same-open body, in the bearish reversal two bullish candles are followed by a third bearish and in the bullish reversal, the reciprocal determinations hold true. Spinning Top: - This pattern is an amazing reversal pattern with a very large shadow and the body exactly in the middle. Depending on whether the candlestick is green or red this will be the direction in which the further continuations move. __As we can see now there are a lot of great patterns to be formed in modern markets and when done right they can be spotted and can provide the proper informational inputs for trading planning especially in combination with other technical analysis tools they can function exceptionally well and building a solid alternative for the other charting techniques, the success story tells itself as they have established well in the trading world. In trading these types of candlestick patterns it is necessary to recognize in which timeframe they form, as bigger timeframes can invalidate lower and in which trending constellation they are forming, therefore it is also good to look at previous candles and their patterns in the individual asset. __ In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day, and all the best to you! Information provided is only educational and should not be used to take action in the markets. __

Bearish and Bullish Flag Chart PatternsFlag Pattern:A flag is a chart pattern formed during a counter-trend move after a sharp price movement.Why is it called Flag?It is named because of the way it reminds the viewer of a flag on a flagpole.What does the Flag Pattern represent?It signifies trend reversals or breakouts after a period of consolidation.The five main characteristics of a Flag Pattern are:1. The preceding trend2. The consolidation channel3. The volume pattern4. A breakout5. A confirmation occurs when the price moves in the same direction as the breakout.How to identify the Flag Pattern:The most important part of the flag pattern is to identify a strong trend (in either direction, as the flag may be inverted, triggering a bearish move!). Take a look at the higher time frames when you find a flag pole to ensure the price is not simply ranging. It could be meeting a large area of resistance!Bullish Flag Pattern:When the prices are in an uptrend, a bullish flag pattern shows a slow consolidation lower after an aggressive uptrend. This indicates that there is more buying pressure moving the prices up than down and indicates that the momentum will continue in an uptrend.Traders wait for the price to break above the resistance of the consolidation after this pattern is formed to enter a long position.The breakout indicates that the prior uptrend will continue.Example of a Bullish Flag Pattern: Bearish Flag Pattern:When the prices are in a downtrend, a bearish flag pattern shows a slow consolidation higher after an aggressive downtrend. This indicates that there is more selling pressure moving the prices down than up and indicates that the momentum will continue in a downtrend.Traders wait for the price to break below the support of the consolidation after this pattern is formed to enter a short position.Example of a Bearish Flag Pattern: Conclusion:A flag pattern is a type of chart continuation pattern that shows candlesticks contained in a small parallelogram. When the prices are in an uptrend, a bullish pattern shows a slow consolidation lower after an aggressive uptrend. When the prices are in a downtrend, a bearish pattern shows a slow consolidation higher after an aggressive downtrend. It is formed when there is an increase in demand or supply that causes the prices to move up or down.May you all be PROFITABLE,

📈 4 BULLISH PATTERNS YOU NEED TO KNOW

THE KING OF THE HEAD AND SHOULDERS | How to find this pattern ⚡Zer0_Trader The essence of the strategy is to search for the direct and inverted "Head & Shoulders" patternShoulders" pattern with the simultaneous confirmation of its potential workout onZer0 Trader Indicator" indicator, which makes it possible to trade regularly,minimizing the closing of trades by stops. ❌TRADING WITHOUT AN INDICATOR We see the "Head & Shoulders" formation, enter the trade 🔜 the trade is closed by a Stop Loss⛔ ✅Trading with the "Zer0 Trader Indicator" indicator We see the formation "GIP", we see the confirmation of the result on the indicator, we go intotrade 🔜 trade is closed at Take Profit As you can see from the examples above, it is absolutely not enough to findonly a formation because:- Perfect formations are quite rare in the market, and full-fledgedit is necessary to trade regularly to make a full-fledged profit;

How To Trade Double Bottom Pattern? ✅In the world of forex trading, understanding patterns and trends can make all the difference between profit and loss. One popular pattern that traders often look out for is the double bottom, also known as the "W" pattern.✅The double bottom pattern occurs when the price of a currency pair reaches a low point, bounces back up, dips again to the same level, and then bounces back up again, creating a "W" shape. Essentially, the market has twice failed to break through the support level, indicating a potential reversal to the upside.✅This pattern is often seen as a bullish indicator, as it suggests that buyers are stepping in and pushing the price up. It is important to note, however, that the second bounce should not dip below the first one, as this could indicate a continuation of the bearish trend.✅So, how can traders take advantage of the double bottom pattern? One strategy is to enter a long position once the price breaks out above the resistance level created by the two bounces. This breakout confirms the reversal and can signal a potential uptrend.✅It is also important to combine the double bottom pattern with other technical indicators, such as the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD), to confirm the potential reversal.✅However, as with any trading pattern, it is important to approach the double bottom with caution and to always have a solid risk management strategy in place. Traders should also be aware of potential false signals and market noise that could obscure the true trend.✅In summary, the double bottom pattern can be a useful tool for forex traders looking to identify potential reversals and enter profitable trades. By combining it with other technical indicators and practicing proper risk management, traders can improve their chances of success in the ever-changing and unpredictable world of forex trading.I hope this post was helpful to some of our beginner traders😊Dear followers, let me know, what topic interests you for new educational posts?

✅ 8 important patterns! How to trade with them?⭐Bearish Symmetrical Triangle- Bearish + Bullish trendline- Take price at lenght of triangle height- Stop loss above last high⭐Symmetrical Triangle - Bearish + Bullish trendline- Take price at lenght of triangle height- Stop loss below last low⭐Bearish Flag- flag pole- Bearish channel in bullish trend- Take price at lenght of- flag pole- Stop loss above last high⭐Bullish Flag- Bearish channel in bullish- Take price at lenght of flag pole- Stop loss below last low⭐ Risisng Wedge- Two bullish trendlines- Stop loss above last high- Take Price at Wedge low⭐Falling Wedge- Entry after breakout confirmation- Take Profit at the Wedge high- Stop loss below last⭐Descending Triangle - Support + bearish trendline- Stop loss above last high- Take Price at triangle height⭐Ascending Triangle- Take Profit at triangle height- Stop loss below last low✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them._ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _🌍Thank you for seeing idea .Have a nice day and Good luck.

Learn the Strongest Reversal Candlestick Patterns Hey traders,In this educational article, we will discuss powerful reversal candlestick patterns that every trader must know.Bullish Engulfing CandleBullish engulfing candle is one of my favorite ones.It usually indicates the initiation of a bullish movement after a strong bearish wave.The main element of this pattern is a relatively big body. Being bigger than the entire range of the previous (bearish) candle, it should completely "engulf" that.Such a formation indicates the strength of the buyers and their willingness to push the price higher.Bearish Engulfing CandleThe main element of this pattern is a relatively big body that is bigger than the entire range of the previous (bullish) candle.Such a formation indicates the strength of the sellers and their willingness to push the price lower.________________________Bullish Inside BarInside bar formation is a classic indecision pattern.It usually forms after a strong bullish/bearish impulse and signifies a consolidation.The pattern consists of 2 main elements: mother's bar - a relatively strong bullish or bearish candle,inside bars - the following candles that a trading within the range of the mother's bar.The breakout of the range of the mother's bar may quite accurately confirm the reversal.A bullish breakout of its range and a candle close above that usually initiates a strong bullish movement.Bearish Inside BarA bearish breakout of the range of the mother's bar and a candle close below that usually initiates a strong bearish movement.________________________Doji Candle (Morning Star)By a Doji we mean a candle that has the same opening and closing price.Being formed after a strong bearish move, such a Doji will be called a Morning Star. It signifies the oversold condition of the market and the local weakness of sellers.Such a formation may quite accurately indicate a coming bullish movement.Doji Candle (Evening Star)Being formed after a strong bullish move, such a Doji will be called an Evening Star. It signifies the overbought condition of the market and the local weakness of buyers.Such a formation may quite accurately indicate a coming bearish movement.I apply these formations for making predictions on financial markets every day. They perfectly work on Forex, Futures, Crypto markets and show their efficiency on various time frames. ❤️Please, support my work with like, thank you!❤️

Wealth Unleashed: Wedge Pattern Power - Hidden Gem Revealed!Introduction: Are you looking to skyrocket your trading profits? Look no further! Today, we will uncover the hidden gem of trading patterns: the Wedge Pattern. This powerful tool has the potential to transform your trading strategy and help you achieve financial success. Let's dive into the world of wedge patterns and explore how you can capitalize on their power.What are Wedge Patterns?Wedge patterns are popular among traders due to their high probability of forecasting trend reversals. These patterns appear when the price of an asset consolidates between converging support and resistance lines. There are two primary types of wedge patterns: the rising wedge and the falling wedge.Rising Wedge:In an upward trend, the rising wedge is considered a bearish pattern. It forms when the price consolidates between an upward-sloping support line and an upward-sloping resistance line that are converging. As the price approaches the apex of the wedge, the upward momentum weakens, signaling a potential trend reversal to the downside. Falling Wedge:Contrary to the rising wedge, the falling wedge is a bullish pattern. It appears in a downward trend when the price consolidates between a downward-sloping support line and a downward-sloping resistance line that are converging. As the price nears the apex of the wedge, the downward momentum loses strength, indicating a possible trend reversal to the upside. Trading Strategies:To capitalize on the power of wedge patterns, follow these steps:✅Identify the pattern: Observe the chart for converging support and resistance lines to spot a rising or falling wedge pattern.✅Confirmation: Wait for a breakout from the wedge pattern, either above the resistance line (for falling wedges) or below the support line (for rising wedges).✅Entry point: Open a long position after a breakout above the resistance line in a falling wedge, or a short position after a breakout below the support line in a rising wedge.✅Stop-loss and take-profit: Set your stop-loss order below the breakout level (for falling wedges) or above the breakout level (for rising wedges). Establish your take-profit target at a level that aligns with your risk-reward ratio and trading plan.Conclusion:The wedge pattern is a hidden gem that can potentially boost your trading profits when used correctly. By mastering the art of identifying and trading wedge patterns, you can strengthen your technical analysis skills and increase your chances of success in the market. Remember, no single tool guarantees success, so always use additional technical indicators and maintain a disciplined approach to risk management. Happy trading!

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