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#downtrend
likesmoney · 6 days
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The 4/20/24 Weekend Report Preview
The Dollar The dollar is in the process consolidating below the 106.25 level. The dollar did not manage to turn the 10 day MA lower at the day 24 low, so the status of the daily cycle is not clear.  The dollar is still stretched above the 10 day MA. A daily cycle decline will help to allow the 10 day MA to catch up to price. The dollar is in a daily uptrend.  A bullish break out of…
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techmarkethunter · 4 months
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Mastering the Morning Star Pattern: A Step-by-Step Guide
Title: Mastering the Morning Star Pattern: A Step-by-Step Guide Introduction:The world of technical analysis offers traders a plethora of tools to identify potential trend reversals and market opportunities. One such powerful pattern is the Morning Star pattern, a three-candlestick formation that signals a potential bullish reversal after a downtrend. In this step-by-step guide, we will explore…
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signode-blog · 5 months
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Unraveling the Mystery of Falling Wedge Patterns in Technical Analysis
In the world of technical analysis, traders and investors are constantly on the lookout for patterns that can provide insights into potential price movements. One such pattern that has captured the attention of market participants is the falling wedge. This pattern is revered for its predictive capabilities and its ability to signal potential trend reversals. In this blog post, we will delve…
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nithurdp · 9 months
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First Trade | Technical Indicators Point to DOWNTREND but Is a REVERSAL Imminent?
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As the markets open, traders are closely watching the first trade for potential signals. Technical indicators are currently pointing to a DOWNTREND, suggesting a bearish sentiment in the market. However, seasoned traders are also on the lookout for any signs of a possible REVERSAL. Market dynamics can be unpredictable, and sudden shifts in investor sentiment or external factors can lead to a change in direction. The first trade can often set the tone for the day's trading activities, but it's essential to remain vigilant and adapt to changing market conditions. Traders may rely on various indicators, patterns, and volume analysis to gauge market sentiment and make informed decisions. As they keep a close eye on price movements, volume trends, and potential resistance levels, they are ready to act swiftly if a reversal pattern emerges.
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stocksharp · 11 months
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Basic technical analysis for trading.
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👩‍🎓 🧑‍🎓 "Technical analysis" is a method of studying stock behavior by analyzing charts to forecast future price trends. Technical analysts examine stock behavior based on price and trading volume (or trading value), considering them as important sources of information for technical analysis.
💥However, the strategies used in technical analysis are not formulated without principles. In fact, they are based on three concepts or beliefs:
1. Price Behavior Reflects All Information: According to this concept, the price of a stock reflects all relevant information. Economic, political, and other changes that impact supply and demand in the stock market will affect the price. Since the price is determined by the interaction of supply and demand, positive changes lead to increased demand surpassing supply (greater buying pressure than selling pressure), resulting in price increases. Conversely, negative changes lead to increased supply surpassing demand (greater selling pressure than buying pressure), leading to price declines.
👩‍🎓 🧑‍🎓 However, technical analysts primarily focus on price and volume data for analysis. This approach narrows the scope of study compared to fundamental analysis, which delves into the causes behind price changes. While analyzing fundamentals, the driving forces behind changes in supply and demand are thoroughly examined. Both approaches aim to solve the problem of determining the direction of stock prices, although they differ in their analytical models.
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attud-com · 1 year
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tradersir · 2 years
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Forex technical analysis is the method of studying historical price action by the use of charts, to forecast the future prices.
Read the article to know more. https://tradersir.com/forex-technical-analysis-trend-trendline/
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likesmoney · 7 days
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Bitcoin Bottom?
BTC formed a swing low. BTC broke below the day 28 low overnight. Friday is day 30, placing BTC in the early part of its timing band for a DCL.  BTC appears to have found support at the 61000 level and is in the process of forming a bullish reversal off the 6100. A close back above the 10 day MA will have us label day 30 as an early DCL. BTC is currently in a daily downtrend. BTC will remain in…
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eirianerisdar · 6 months
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Loud-mouthed British patient at my night clinic today:
YOU HAVE SUCH GOOD ENGLISH!!!
Me, trying to hide my offense: Really.
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signode-blog · 5 months
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Andrew's Pitchfork
Andrew’s Pitchfork, also known as the median line study, is a technical analysis tool that traders use to identify potential levels of support and resistance for an asset’s price movement. It is named after Dr. Alan H. Andrews, who introduced the concept in the 1960s. The Andrews Pitchfork is drawn using three parallel trendlines that help traders identify potential reversal or continuation…
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babybeel · 2 years
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so uninspired these days :(
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nlvxexchange · 2 years
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Dealing with Uptrend and Downtrend in Trading
Dealing with Uptrend and Downtrend in Trading
The best way to deal with an uptrend is to exit a trade when it reaches its previous low. This is a sure sign that sellers are no longer willing to sell and is a great opportunity for profit-taking. Likewise, a downtrend is the opposite of an uptrend. As the price approaches its previous low, profits should be taken, while your stop-loss should be adjusted to the last previous low. However, it is…
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shesnake · 8 months
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transphobia, racism tw:
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