Major market patterns
I am formed when price is bounded by parallel support and resistance levels.
Rectangle
what kinda of a push am I expecting from a respected level at 38.2%?
a violent or exaggerated push
When price breaks through a resistance level, it could potentially become?
What is Support.
My D+ is above 25, my D- is below 13,where is my trend going? and what tool am I?
My trend is bullish and I'm using the ADX.
I'm a reversal pattern that is formed after an extended move up. The tops are peaks which are formed when price hits a certain level that cannot be broken.
Double Top
in this area the only two things you need to look out for is consolidation and continuation candles after finding support or resistance.
23.6%
I'm trading a USDJPY pair, but the news that is coming out has 5 red folders for Britain. Can I still trade my pair? and is my pair going to be affected in any way?
Yes you can still trade
and No, what ever happens is Britain has nothing to do with the United States or Japan
How many tops or bottoms does it take to confirm a trend line?
3
When drawing trend lines, you should never...
force them to fit the market.
My pattern is inverted, I'm showing signs of a transition, I'm the only pattern out of two that has body parts as a name. what am I?
Inverted head and shoulders.
what are all the levels of the Fibonacci retracement that is considered a (PRZ) in their respective order?
There are only 4
38.2%
61.85
78.6%
88.6%
The day is Sunday and I have plans on trading US30 on Tuesday, so I hop on my computer, write down what lot size I want to use, how much I want to risk for the week, set some rules for myself in order for me to remain profitable and stick to it until the end of my trading week. What process am I. going through?
Making a trading plan.
If you buy when the price breaks up through the resistance and sell when the price breaks down through support, what are you doing?
trading a break
When plotting a trend line you should imagine that you can.
walk on it
My pattern is equal on both sides when you apply a trend line and counter trend line, and at the end of it all, I can break out in either direction what am I
Symmetrical Triangle
In this area I am well known for my equal market. I represent half buyers and half sellers.
the 50% retrace
I am the lowest value lot size
what is a micro lot?
When trading the break of support or resistance levels, the conservative way to enter would be to...
allow it to retest
My trend line is cutting through price on the timeframe that I was plotted on, am I still valid?
No
trend lines when it comes to Point A and B should never cut through price.
I am formed when price consolidates between upward sloping support or resistance lines. My higher lows are formed faster than my higher highs.
Rising wedge
My level is very important for both projections and retracements, the level before me will move to the recent high or low if I'm disrespected.
-27.0% or TP1
I applied everything I know to the charts that was needed at the moment, so that when it's time to enter a trade I won't have to second guess myself and punk out because I have multiple reasons to enter in that certain area. What am I using?
What is Confluence?
what are my three market structure trends.
up trend
down trend
Consolidation range
My H4 daily and weekly timeframes area consolidating from an uptrend. what is the first move I should make on the H4?
Identify my support and resistance.
you always want to buy or sell in a market if your higher timeframes say so, TREND IS YOUR FRIEND.