Friday, February 23, 2018
BTCUSD Bullish Alt 161.8% ABCD - Update Two - February 23, 2018
Bitcoin/US Dollar BTCUSD is still inside the Downtrend Channel. Respected the 38.2% fibonacci retracement level and the upper trendline of the channel. Support is seen at 8840.
Thursday, February 22, 2018
WEB Falling Wedge - February 22, 2018
Philweb Corporation (WEB) may be making a Falling Wedge Pattern. Buy on Breakout. Resistance levels are at 7, 8 and 9. Support levels are at 6 and 5.
Wednesday, February 21, 2018
BTCUSD Potential Bullish Alt 161.8% ABCD - Update One - February 21, 2018
BTCUSD respected the Bullish Alt 161.8% ABCD that we posted Here and currently at the 38.2% Fibonacci Retracement Level resistance (Profit Target 1) expect some weaknesses at this level.Next target is at 61.8% Fibonacci Retracement Level (14,415).
Sunday, February 11, 2018
ABS Potential Bullish Shark - February 11, 2018
ABS-CBN Corporation (ABS) maybe making a Potential Bullish Shark Pattern and Falling Wedge (Bullish Pattern). Buy upon completion of the Bullish Shark Pattern (30.00 -32.00 Levels) or upon Falling Wedge Breakout. Support levels are at 32.00 and 30. Resistance levels are at 33 and 35.
Caveat!
Tuesday, February 6, 2018
BTCUSD Potential Bullish Alt 161.8% ABCD - February 6, 2018
Observe 5,900 the Potential Reversal Zone (PRZ) level for possible bounce. Bullish Divergence is also spotted.
Sunday, February 4, 2018
FB Uptrend Line - February 4, 2018
Facebook Inc (FB) is in Uptrend Line for long term but medium trend is going to go down because of the Bearish Divergence. Support levels are at 176, 164 and 154. Resistance level is at 200.
An uptrend line has a positive slope and is formed by connecting two or more low points. The second low must be higher than the first for the line to have a positive slope. Note that at least three points must be connected before the line is considered to be a valid trendline.
Uptrend lines act as support and indicate that net-demand (demand less supply) is increasing even as the price rises. A rising price combined with increasing demand is very bullish, and shows a strong determination on the part of the buyers. As long as prices remain above the trend line, the uptrend is considered solid and intact. A break below the uptrend line indicates that net-demand has weakened and a change in trend could be imminent. (stockcharts.com)
An uptrend line has a positive slope and is formed by connecting two or more low points. The second low must be higher than the first for the line to have a positive slope. Note that at least three points must be connected before the line is considered to be a valid trendline.
Uptrend lines act as support and indicate that net-demand (demand less supply) is increasing even as the price rises. A rising price combined with increasing demand is very bullish, and shows a strong determination on the part of the buyers. As long as prices remain above the trend line, the uptrend is considered solid and intact. A break below the uptrend line indicates that net-demand has weakened and a change in trend could be imminent. (stockcharts.com)
AGI Bullish Channel - February 4, 2018
Alliance Global Group, Inc. (AGI) is maybe making a Bullish Channel and currently at the channel trendline support. Buy on Bearish Trendline Breakout. Resistance levels are at 20, 22, and 24. Support levels are at 15 and 14.
Caveat!
Saturday, February 3, 2018
BTCUSD Previous Bullish Gartley Pattern and Falling Wedge
Do you know that BTCUSD made a Bullish Gartley that started January 2013 and completed last January 2015. BTCUSD formed also a Falling Wedge.
Dow Jones 261.8% Fibonacci Projection Resistance - February 3, 2018
Dow Jones encountered resistance near the 261.8% Fibonacci Projection and dropped 666 points, capping its worst week in two years. Support levels are at 25,125, 23,781, 21,926 and 18,974. Resistance level is at 26,702.
US 10 Year Treasury Yield Break of Bearish Channel - February 3, 2018
The US 10 year treasury yield broke above the resistance of the Bearish Trend Channel. Is this the start of Market Correction?
Why the 10-Year U.S. Treasury Yield Matters
Treasury bond yields (or rates) are tracked by investors for many reasons. The yields on the bonds are paid by the U.S. government as "interest" for borrowing money (via selling the bond). But what does it mean and how do you find yield information?
Why is the ten-year treasury yield so important?
The importance of the ten-year treasury bond yield goes beyond just understanding the return on investment for the security. The ten-year is used as a proxy for many other important financial matters, such as mortgage rates.
This bond, which is sold at auction by the U.S. government, also tends to signal investor confidence. When confidence is high, the ten-year treasury bond's price drops and yields go higher because investors feel they can find higher returning investments and do not feel they need to play it safe.
But when confidence is low, the price goes up as there is more demand for this safe investment and yields fall. This confidence factor can also be explored in non-U.S. countries. Often the price of U.S. government bonds is impacted by the geopolitical situations of other countries with the U.S. being deemed a safe haven, pushing the prices of U.S. government bonds up (as demand increases) and lowering yields. (Read more about How Bond Market Pricing Works.)
Another factor related to the yield is the time to maturity such that the longer the treasury bond's time to maturity, the higher the rates (or yields) because investors demand to get paid more the longer the investment ties up their money. This is a normal yield curve, which is most common, but at times the curve can be inverted (higher yields at lower maturities).
10-Year Treasury Yields
Because the ten-year treasury yields are so closely followed and scrutinized, knowledge of the historical pattern is an integral component of understanding how today's yields fare as compared to historical rates.
While rates do not have a wide dispersion (rates have fallen within a range of 5.26% to 1.37% in ten years), any change is considered highly significant and large changes -of 100 basis points- over time can redefine the economic landscape.
Perhaps the most relevant aspect is in comparing current rates with historical rates, or following the trend to analyze if the near term rates will rise or fall based on historical patterns. Using the website of the U.S. Treasury itself, investors can easily analyze historical ten-year treasury bond yields.
The Bottom Line
The ten-year treasury is a economic indicator in a sense that its yield tells investors more than the return on investment. While the historical yield range does not appear wide, any basis point movement is a signal to the market.
Read more: Why the 10-Year U.S. Treasury Yield Matters | Investopedia https://www.investopedia.com/articles/investing/100814/why-10-year-us-treasury-rates-matter.asp#ixzz560Y88g74
Follow us: Investopedia on Facebook
Why the 10-Year U.S. Treasury Yield Matters
Treasury bond yields (or rates) are tracked by investors for many reasons. The yields on the bonds are paid by the U.S. government as "interest" for borrowing money (via selling the bond). But what does it mean and how do you find yield information?
Why is the ten-year treasury yield so important?
The importance of the ten-year treasury bond yield goes beyond just understanding the return on investment for the security. The ten-year is used as a proxy for many other important financial matters, such as mortgage rates.
This bond, which is sold at auction by the U.S. government, also tends to signal investor confidence. When confidence is high, the ten-year treasury bond's price drops and yields go higher because investors feel they can find higher returning investments and do not feel they need to play it safe.
But when confidence is low, the price goes up as there is more demand for this safe investment and yields fall. This confidence factor can also be explored in non-U.S. countries. Often the price of U.S. government bonds is impacted by the geopolitical situations of other countries with the U.S. being deemed a safe haven, pushing the prices of U.S. government bonds up (as demand increases) and lowering yields. (Read more about How Bond Market Pricing Works.)
Another factor related to the yield is the time to maturity such that the longer the treasury bond's time to maturity, the higher the rates (or yields) because investors demand to get paid more the longer the investment ties up their money. This is a normal yield curve, which is most common, but at times the curve can be inverted (higher yields at lower maturities).
10-Year Treasury Yields
Because the ten-year treasury yields are so closely followed and scrutinized, knowledge of the historical pattern is an integral component of understanding how today's yields fare as compared to historical rates.
While rates do not have a wide dispersion (rates have fallen within a range of 5.26% to 1.37% in ten years), any change is considered highly significant and large changes -of 100 basis points- over time can redefine the economic landscape.
Perhaps the most relevant aspect is in comparing current rates with historical rates, or following the trend to analyze if the near term rates will rise or fall based on historical patterns. Using the website of the U.S. Treasury itself, investors can easily analyze historical ten-year treasury bond yields.
The Bottom Line
The ten-year treasury is a economic indicator in a sense that its yield tells investors more than the return on investment. While the historical yield range does not appear wide, any basis point movement is a signal to the market.
Read more: Why the 10-Year U.S. Treasury Yield Matters | Investopedia https://www.investopedia.com/articles/investing/100814/why-10-year-us-treasury-rates-matter.asp#ixzz560Y88g74
Follow us: Investopedia on Facebook
BTCUSD Bullish Butterfly - February 3, 2018
BTCUSD completed a Bullish Butterfly Harmonic Pattern and may be forming a Descending Broadening Wedge Pattern..
Buy on current price.
Target 1 - 9,698
Target 2 - 10,979
Target 3 - 13,052
Cut loss below 6,850.
Caveat.
Buy on current price.
Target 1 - 9,698
Target 2 - 10,979
Target 3 - 13,052
Cut loss below 6,850.
Caveat.
Friday, February 2, 2018
XRPBTC Potential Bullish Gartley - February 2, 2018
XRPBTC is currently forming a Potential Bullish Gartley. Buy upon completion of the Pattern. Support levels are at 0.00005818 and 0.00003646 while resistance is at 0.00009466.
LTCUSD - Potential Bullish Bat - Update 1
LTCUSD broke down from the 61.8% Fibonacci Retracement Level support. Expect to go down further to 100 to 70 area to complete the Bullish Bat Harmonic Pattern the we identified Here last January 17, 2018.
Buy at 100 to 70 area if it holds. Resistance level is at 160. Support levels are at 100 and 70.
Buy at 100 to 70 area if it holds. Resistance level is at 160. Support levels are at 100 and 70.
BCHUSD Falling Wedge - February 2, 2018
Bitcoin Cash US Dollar (BCHUSD) is making a Bullish Falling Wedge Pattern. Buy on Breakout of the Falling Wedge. Support is seen at 1000.
Check HERE on how to trade Falling Wedge.
BTCUSD - Potential Bullish Bat - Update 1
BTCUSD broke down from the 61.8% Fibonacci Retracement Level support. Expect to go down further to 7100 to 8500 area to complete the Bullish Bat Harmonic Pattern the we identified Here last January 17, 2018.
Buy at 7100 to 8500 area if it holds. Resistance levels are at 9,000, 10,000 and 10,900. Support levels are at 8,500, 8000 and 7,100.
Buy at 7100 to 8500 area if it holds. Resistance levels are at 9,000, 10,000 and 10,900. Support levels are at 8,500, 8000 and 7,100.
Thursday, February 1, 2018
Wedge Trading Strategy
The wedge trading strategy is nothing more than a reversal trading strategy that has the potential to generate big profits. When it comes to price action trading the most important thing is recognizing certain patterns in the market.
In this guide, we’ll go through exactly how to define or what defines the falling wedge pattern.
Like most price patterns you’ll be able to trade this pattern on any market and on any time frame. No matter what type of trader you’re – swing trader, daytrader, and scalper – you can make big profits trading the falling wedge pattern.
Now …
Regardless of the environment that you see a falling wedge pattern the shape of it and the information that it’s actually offering to you with its price pattern has a very definite bullish bias. Going forward, we’re going to focus on recognizing the falling wedge pattern and then we want to focus on how to effectively trade the strategy.
Note* No technical indicators are required to trade the wedge trading strategy because we’re dealing with a pure price action trading strategy.
Before we start covering in depth the rules of the strategy we’re going first to define and learn how to recognize each one.
Falling Wedge Pattern Explained
It’s important to recognize that the falling wedge pattern, it has two parts in its price pattern structure:
The primary characteristic of a falling wedge pattern is that we need to have a bearish trend before the pattern develops because it’s a reversal pattern.
Part two is the actual falling wedge pattern which looks like a triangle that is pointing down.
Now, how to recognize the price structure of a falling wedge pattern?
You need to have a series of lower highs followed by a series of lower lows, the more the better. Each lower point should be lower than the previous lows and each higher point should be lower than the previous high.
However, as we approach the end of the falling wedge pattern you’ll notice the price will fail to make lower lows.
While the falling wedge pattern develops you’ll notice that the length of the swing waves are becoming tighter and tighter as we move to the downside. And at some point in the future, the two trendlines that connect the highs and the lows will converge.
The falling wedge pattern is not confirmed until it’s breaking to the upside resistance.
As a general rule, we have to keep in mind that the longer the market consolidates between the upper and lower limits of the falling wedge pattern and the symmetrical wedge pattern the higher the odds of a breakout happening sooner rather than later.
First, we’re going to focus on the falling wedge pattern because it has the potential of outstanding profits to be made.
Step #1: Wait until you can Spot on the Price Chart the Structure of a Falling Wedge Pattern and Draw the two trendline that connects the highs and the lows.
We’re just looking for that visual representation of a falling wedge pattern. So, the more compressed the pattern is the better because when eventually we’ll break to the upside the volatility behind the breakout will push the price higher very fast.
Note** Often times you’ll find that the shape and the price structure of a falling wedge pattern can vary from pattern to pattern. Ideally, as long as we follow the definition given earlier, we’re good to trade any falling wedge pattern that respects those rules
Next, we need to figure out where we need to get into the trade, which brings us to the next step:
Step #2: Buy when we break and Close above the Downward Resistance Trendline
It’s important before the breakout to see the price contracting within the two trendlines. So when the price hit the resistance trendline the sellers will step in and when the price hit the support trendline the buyers will step in.
Ultimately, we’re getting the price squeezed inside this range bound action.
As we get tighter and tighter that’s what we’re focused on as the buildup in pressure will eventually lead to a breakout. In order to avoid possible false breakouts, we’re also going to wait for a close above the upper slope before we actually buy.
Now that we’re in a trade we need to find our target, which brings us to the next step.
Step #3: Take profit once we Break Above of the Origins (Starting Point) of the Falling Wedge Pattern
The starting point of the falling wedge pattern is our first wall of resistance and obviously, we want to cash I our profits at the first trouble area. This is a more conservative target.
Step #4: Place the Protective SL below the last swing low before the Breakout
The place we’re going to hide our stop loss is quite intuitive to figure out. The last swing low before the breakout can provide us with a very attractive low risk in comparison with the potential profit available.
A break below the last swing low will invalidate the falling wedge price structure so we want to minimize our losses and get out of the trade.
Note* The above was an example of a buy trade… For a sell trade, we need to trade the “cousin” pattern which is the rising wedge pattern. Use the same rules – but in reverse – for a sell trade.
Summary
The reason why we’ve chosen to use the falling wedge pattern falling wedge pattern because people won’t realize what is developing until after the breakout, but if you train your eyes to spot these price patterns in advance big profits are waiting for you down the line.
The psychology behind the falling wedge pattern is that as the price action narrow down the buyers become more aggressive while the sellers don’t have enough power to continue pressing down the paddle.
If you compress an object hard enough after it reaches a maximum level of compression it will snap back hard. The same principle can be applied to the falling wedge pattern which is the reason why it has such a tremendous potential to make substantial profits
Thank you for reading!
Source: https://tradingstrategyguides.com
In this guide, we’ll go through exactly how to define or what defines the falling wedge pattern.
Like most price patterns you’ll be able to trade this pattern on any market and on any time frame. No matter what type of trader you’re – swing trader, daytrader, and scalper – you can make big profits trading the falling wedge pattern.
Now …
Regardless of the environment that you see a falling wedge pattern the shape of it and the information that it’s actually offering to you with its price pattern has a very definite bullish bias. Going forward, we’re going to focus on recognizing the falling wedge pattern and then we want to focus on how to effectively trade the strategy.
Note* No technical indicators are required to trade the wedge trading strategy because we’re dealing with a pure price action trading strategy.
Before we start covering in depth the rules of the strategy we’re going first to define and learn how to recognize each one.
Falling Wedge Pattern Explained
It’s important to recognize that the falling wedge pattern, it has two parts in its price pattern structure:
The primary characteristic of a falling wedge pattern is that we need to have a bearish trend before the pattern develops because it’s a reversal pattern.
Part two is the actual falling wedge pattern which looks like a triangle that is pointing down.
Now, how to recognize the price structure of a falling wedge pattern?
You need to have a series of lower highs followed by a series of lower lows, the more the better. Each lower point should be lower than the previous lows and each higher point should be lower than the previous high.
However, as we approach the end of the falling wedge pattern you’ll notice the price will fail to make lower lows.
While the falling wedge pattern develops you’ll notice that the length of the swing waves are becoming tighter and tighter as we move to the downside. And at some point in the future, the two trendlines that connect the highs and the lows will converge.
The falling wedge pattern is not confirmed until it’s breaking to the upside resistance.
Here is real example:
Philippine National Bank (PNB) Weekly Chart
Wedge Trading Strategy Rule – Buying Opportunities
As a general rule, we have to keep in mind that the longer the market consolidates between the upper and lower limits of the falling wedge pattern and the symmetrical wedge pattern the higher the odds of a breakout happening sooner rather than later.
First, we’re going to focus on the falling wedge pattern because it has the potential of outstanding profits to be made.
Step #1: Wait until you can Spot on the Price Chart the Structure of a Falling Wedge Pattern and Draw the two trendline that connects the highs and the lows.
We’re just looking for that visual representation of a falling wedge pattern. So, the more compressed the pattern is the better because when eventually we’ll break to the upside the volatility behind the breakout will push the price higher very fast.
Next, we need to figure out where we need to get into the trade, which brings us to the next step:
Step #2: Buy when we break and Close above the Downward Resistance Trendline
It’s important before the breakout to see the price contracting within the two trendlines. So when the price hit the resistance trendline the sellers will step in and when the price hit the support trendline the buyers will step in.
Ultimately, we’re getting the price squeezed inside this range bound action.
As we get tighter and tighter that’s what we’re focused on as the buildup in pressure will eventually lead to a breakout. In order to avoid possible false breakouts, we’re also going to wait for a close above the upper slope before we actually buy.
Step #3: Take profit once we Break Above of the Origins (Starting Point) of the Falling Wedge Pattern
The starting point of the falling wedge pattern is our first wall of resistance and obviously, we want to cash I our profits at the first trouble area. This is a more conservative target.
Step #4: Place the Protective SL below the last swing low before the Breakout
The place we’re going to hide our stop loss is quite intuitive to figure out. The last swing low before the breakout can provide us with a very attractive low risk in comparison with the potential profit available.
A break below the last swing low will invalidate the falling wedge price structure so we want to minimize our losses and get out of the trade.
Summary
The reason why we’ve chosen to use the falling wedge pattern falling wedge pattern because people won’t realize what is developing until after the breakout, but if you train your eyes to spot these price patterns in advance big profits are waiting for you down the line.
The psychology behind the falling wedge pattern is that as the price action narrow down the buyers become more aggressive while the sellers don’t have enough power to continue pressing down the paddle.
If you compress an object hard enough after it reaches a maximum level of compression it will snap back hard. The same principle can be applied to the falling wedge pattern which is the reason why it has such a tremendous potential to make substantial profits
Thank you for reading!
Source: https://tradingstrategyguides.com
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