Did you pass the challenge today? 🤔

@dakra5260

27 күн бұрын

No today, I made the same decision

@amandatindsey6126

27 күн бұрын

Yup :)

@assualtgaming3141

27 күн бұрын

I was on short a few pips below

@F1lover4ever

27 күн бұрын

Bullish flag??

@assualtgaming3141

27 күн бұрын

Never trust any pattern alone

Love how transparent this channel is, u've just got a new loyal subscriber

@amandatindsey6126

27 күн бұрын

+1

@vilemtuma4733

27 күн бұрын

Type shiii

You missed the three crows and the inverted hammer indicating weak buyer volume. Also, the three crows broke the upward trend line. The sign of the drop in price was clear and imminent.

@user-fy7gf6ch2j

27 күн бұрын

Lmao what hammer

@zemogtrading

27 күн бұрын

And the 3 flamingos are there as well.

@RoyalGaming-bo2fb

26 күн бұрын

Could you teach me

@austinruhl3854

25 күн бұрын

Also missed it just inverses a buy side fair value gap

@DzikaSurykatka

23 күн бұрын

Also missed reversed attack helicopter and triangular hippopotamus.

There was an order block that pushed price up but has was not filled if you look back after that area where you bought, and again that area was a liquidity area in the market that market will like to take out first before heading up back to the resistance. So if you had waited for market to get to the orderblock below and saw a rejection around that area and confirmed it on the lower timeframe with a reversal pattern, then you are good to go. You could loose and win but trust the process and trade wise.

Your analysis is the reason why I make money.

@blissofzion

11 күн бұрын

You saw that right

@blissofzion

11 күн бұрын

You saw that right

The trend line support was break and confirme with à retest

You really did everything right. If you read the chart like this. I saw the setup just like this. But notice this at the top of the chart. You can see an attempt to reach higher getting shut down very hard. potentially suggesting a turn in trend. But it was a good attempt, great risk management. Can't win them all.

I selected sell becoz we have trendline on support level and the red candle breaks the trend this is first confirmation and second one is after breakout we see the bearish Eglfing so sell

@RMBXNG

27 күн бұрын

Trend lines are so unpredictable bro, theyre a good way to lose money

@karitheproducer4062

26 күн бұрын

That's if you don't know how to use them bro. With a good and effective strategy you could make huge profit from it. @@RMBXNG

It look like creating a "Head and shoulders" pattern. The moment of lowering the price to the neckline , then bounce up a little bit and after this getting down, finishing the right shoulder of the pattern.

You can see that many sellers came to the market and put counter pressure. Then you can see a nice fake out, underneath which an FVG has formed. Then the sellers pushed through another FVG that had already held several times. Then buyers managed to get through the first FVG, which cost a lot of purchasing power. When the buyers came to the upper FVG, the sellers took advantage of the lack of purchasing power and shot out all the small investors who were stupid enough to follow up on their S/L and absorbed their liquidity. In addition, they have just gained new strength for later.

@shameershah917

26 күн бұрын

Agreed. Thanks for the detailed comment

It seems it made head and shoulder pattern at the end. Also, the paralel uptrend seems that kinda broke on the last candles, before setting the position.

Thanks for the honest reviews! Love these videos!

It went wrong because you bought long when it was clearly going down. No indicator or fibonacci will predict anything consistently

My honest opinion on that trade is sell ❤

I am still a beginner but why i guessed sell is because of the shooting star candle (inverted hammer) and the last doji candle in which the next candle after the doji closed below the doji candle

Price broke the uptrend and made a lower high. Thus giving you the opportunity for a sell position. As soon as I seen this chart I knew to go for a sell!!!

@derek3136

15 күн бұрын

I agree, Fib should have been drawn from the top of the bearish wick to the bottom of the 3rd bearish wick

Which time frame is best for trading futures?

What I thought there is doji candle after uptrend. After doji, it's just downtrend. So, I thought I would go short. Is my thought correct? Please correct me if the way I analysed the chart is wrong. I just started learning trading. Thanks

As juicy as that Golden Zone (Fair value gap) looked, the reality is you dont want to be placing a trade solely on that support. Instead I would choose to place entry at the bottom of the first correction which has a more dependable and respected fair value gap. Great trade never the less

@jacobayers6920

2 сағат бұрын

Your initial fair value gap was great, but dont trade off a single candle pattern inside that zone. Wait for the reaction to it and then make a decision

Nie do końca po mojej myśli, ale udało mi się na tym uzyskać zysk

I think the first break of structure indicat a retracement to down side..

Impossible question to answer without knowing the date. That huge bearish candle that stopped you out is obviously a news/data event, which is why trading just technically will only get you so far

In big time frame yes its up trend supported by hh but in 5 min time frame as a scalper i see sellers are strong

Break of trendline, trendline retest and lost of buying momentum

I need more information including moving averages. I wait to see what price action does if the most recent support is reached down. If it continues without a bounce or consolidation, I take a short until a green candle begins on the 1 minute timeframe. If it bounces on support, I look to see if it bounces to the last resistance, and take a buy if a candle passes the resistance. If it doesn't, I short if it continues past the last support.

It broke the trend line going up, that was a short potential on retest, also had a 3 black crows pattern at the top which is a strong reversal pattern

You miss supply zone

I would just base on the several red candles came 30% short it. 70% of my decision probably depends there’s a breakout, longing if broke upside and shorting if fall in opposite way.

You could ve used CMF or MACD to check market sentiment and moved on for further activities, by solely depending on trend line confirmations investing is dangerous!

There’s also a trading block got broke down. If you set your target at that trading black, it would be a winner.

Draw a trend line at the lows price broke the up trend and tested the trend line so thats why price started going lower

Supply and demand. The demand to sell is high. Thats why some people would just want to sell also

The last correction have a strong momentum and unusual like the rest, a long climax trend perharp overbought, should waiting for confirm signals by candles if wanna follow trend

Well the price lose moment during ascending then give a powerful impulsive wave that's why

the buying was not strong enough to make a bullish green candle after two rallies so it was clear that the market could go in any direction also the third swing touched the first swing high breaking the consolidation level created at second swing high.

Yes it was a buy but you have to wait until the price reach the discount level of the structure, from there it will get strong buy power to go to the liquidity at the doble top

The trade u took is FVG. Order block is below that FVG 90% ITS EXTREME OB

I would wait first for a solid rejection before placing a trade ,, and if it doesn’t work, it doesn’t hurt as long as it’s according to my strategy

I was right, at first I noticed the rising wedge chart patterns and then bearish engulfing. Because of this I am sure that the market goes downwards

When on a so strong uptrend you begin to see big red candle indicated a sentiment switch. Furthermore there was a clear trendline break and on a lower tf, a changenof structure

As I can see it is an uptrend and then I see liquidity have been swept and then it broke structure possible reversal and also when the guy used the fibinachi it is above 50% which the price is up and it is good to sell on that area and then boom it goes down and target previouse area of liquidity

The down swing already broke the main trendline of the uptrend.

I should wait to price test to the previous low in pullback so you will know if price reverse or to continue .

Stop loss set way too high, should have set it at previous swing low and adjusted pips according to ATR (which probably would have been high since that point in the stock’s price was very volatile. Also trade should have been closed early when price was first reaching the resistance set by the previous 3-4 candlesticks before where the trade was placed.) Also the last formation resembles a bearish slanted head and shoulders that should be taken into consideration as a sign of a bearish market coming. With all these it would have made sense to short it and try to make some more money on the pullbacks.

Price has already changed it's direction

Order block was in below few candle fron where green candle started

Fibonacci indicator was suggesting up trnd but at the bigger picture and look at the all those buying from previous candle suggested buyers are exhausted!

I saw an ABCD for the down, I would have also included vwap for sellers confirmation

If you establish a trendline... it obviously breaks the trendline....... plus the exhaustive move up before breaking the trendline. Indicating its a sell off or its going short.

I would have went short ( use the fibo retracement from the lowest low pnt to the highest n u will see that the correction will probably go longer to the downside , or simply pass tbh

Hi can you please tell us the name of application you use for stock market 😢

@SuriyaSureshkumar-td9sl

24 күн бұрын

Tradingview is the best application

I said sell, when I saw him buying I didn’t see a logical reason for a buy. Do you know why?

You don't wait to check closing of next will be below or up the golden level❤

Only volume u didnt notice that the volume was decreasing by looking at candles

its because you didn't consider the BOS it shows the market was going to short term reversal

I had this to the downside because of the long upward move and it was starting to taper. Plus when it came back to that golden level, the inverted cup was completed and was waiting for handle.

If you draw a trend line to the uptrend you will see the bearish momentum and the retest candle. I still believe there is a good indicate of the 3 pattern soldier that is I sign of reverse. 🤔 🤔

It was testing previous break out so your buy should be near previous low and stop should be 4% below.

Price broke below the previous higher low forming a QML with an OB. Drop down to a lower time frame and find price action entry at the Order block base with SL above higher high and Profit 1 at the demand zone on the left.

Possible high RSI indicates overbuying in the market. I will be super hesitant to enter the market after 2 consecutive gains.

It had a breakout, simply just set a trend line from the start cacthing all of those bottom support older ones, you will see price has fallen under the line, with big red bar wich means it is definitely gonna happen, after the second top, which means support won't be has strong as it was, and sellers will see an opportunity to start to regain forces, you still got lucky it didn't basically just collapsed leading to some big losses. Its the simple way i can tell you but there is other sings that also show that, now i gotta go fr. Trading is not only by analisys but also thinking what you would just do if you saw this for the first time trading.

Honestly I used trend line again to go sell and I won currently 2/2

Trendline and previous consolidation breakdown

Broken trendline last candle was a retest met by selling

The line of uptrent was broken with the last rectangle thingy. (I forgor what it was called) and when that happens, the line turns into a resistance

Which strategy do you use?

So long as there are valid Fair value gaps on the downside, price will always target them once again to liquidate/mitigate them then push up.

I would have waited for more confirmation, as @top price had rejection followed by lower low, which is distinctively visible. So even if it was @ fib golden retracement zone and previous support level prior to breakout, I would have waited there for more confirmation. But I would say, you did nothing wrong, afterall trading is a game of probabilities and one trade could never decide about your ability of identifying entry & exit. Just stick to your gut. And above all, never regrate. Avoiding regret is utter most important. 😊

Sell. Trendline breakout with retest. Going down ?

The pattern suggests an uptrend, but the action indicated that this had reached a local peak - strong bearish sentiment suggesting there was going to be a pullback. Not sure whay the resultant pattern was but i would expect it to hit a local low soon after then continue the uptrend. That said, the market has random moments, so could have easily gone up like you said, just the buyers werent interested this time or were out at lunch 😅

Buy Trade should be initiated from last liquidity sweep area, where you put your SL that was again sweeped.

Seller took the market in their favor so buyers hold which makes this a range not uptrend nor downtrend

My opinion, it was a right way of thinking but it was abit too late in the buying trend, after the market has 2-3 corrections it usually makes a bigger pullbackafter it goes buy again or it it goes on selling

Thee triple down touch othe up trend line was broken .. I would have gone for a sell using an additional lower timeframe retest & confirmations.

They was a break of structure indicating that price has now changed it's direction ⬇️

I've also encountered similar situations like this ((

Price accumulated, distrubuted and stalled then the price held in middle of the bullish FVG. Here we wait and see if price inverts that gap which it eventually did, and then you just wait till price comes back and go for a sell.

I’d say always track the sector and overall markets. Individual stocks are slaves in the short term to markets.

IM a price action trader, and I instintly saw a break of a trend line then a retest so I was like short, then you went long and I was like no bad idea...

Without more information, including moving averages and supply/demand zones, I scalp puts around the tweezer top and trend break until a reversal starts.

Market structure shift at the end, no?

Volume of market

You didn’t draw a side trendline to understand the support breaking level better

The last strong red candles in the chart could be a warning on the end of the bullish trend so you have to wait for signal bar and key bar to take position besides If you drew a trend line you can see it is broken and also there is a small pull back to the trend line then a decline in price again so these two facts show it's not a good place to take position

sell my thoughts exactly

Anyone know a good site or app to analyze candlesticks

there was a supply zone near the high, price came up to the supply zone got liquidity and dropped

Thats good, Every strategy have probability, so i think thats just a lost trade

The order block point shows that the market is about to reverse you should have waited for a confirmation of bullish but there wasn't.furthermore,there is a hammer formation suggesting low bullish strength.

Didn’t move sl to entry, didn’t have enough confirmations

Rsi was probably in a bear div on the 4hr. Money flow probably coming out as price exausted at the break of that final flag.

The market broke structure and if the candle that broke the structure close with the body I will wait for a retest to an order block then sell. That's how I trade

1. Trend line breakout 2. Fibonacci was not to be used against the trend

minor head and shoulders pattern that went overlooked

Crossed through upward bottom line of channel...suggesting a reversal

Seemed like the A wave of eliott structure…. B and C came after the trade was entered

I got short due to their being strong movement down after a good sized up trend, and knowing that price action will go to that lower discounted level, next low, before bouncing.

Market Accumulation, Manipulation and Distribution made you hit the SL.

Bro easy sell u got liquidity sweep then a break if structure to the downside

I was going to say sell because it typically happens in threes and it already pumped up about three times