Parallel Channel — Chart Patterns — Education — TradingView (2024)

There are Key Levels on every timeframe. But the ones that are relevant are the ones that agree in between timeframes. There are Swing Key Levels, Intraday Keylevels /agree on H4 + H1) and Scalpers Key Levels (I use those that agree on H1 and M30).Key Levels are zones where the market has not decided yet which direction it will choose, but as a trader you have...

Hey traders,In this article, we will discuss 3 classic Fibonacci tools you must know for trading different financial markets.1️⃣ Fibonacci Retracement Fib.Retracement is my favorite fib.tool. It is aimed to identify strong horizontal support and resistance levels within the impulse leg .We draw this tool based on the high and low of the ...

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This video goes into depth on the types of market structures and how they happen. Ranging -> Breakout (Spike) -> Channel (trend or a ranging trend) -> Climax. The market moves in these repeatable patterns over and over and over again. If you can diagnose where we are in these cycles then you can harness this skill to improve your trading.

Alright, so here I will explain the idea of stacked channels on a logarithmic scale. First thing you need to do is go to logarithmic on your chart. You might want to reset the scale just for convenience so it looks nice and neat. Then you go to the channel and look, obviously we're going to start at the bottom. Okay. Now what you want to do is you find your...

Navigating the world of cryptocurrencies can be like embarking on a treasure hunt, and today, we'll discuss the art of finding robust altcoins. AVAX and INJ serve as excellent examples of how to identify strong performers.Comparing AVAX with Bitcoin:When searching for strong altcoins, it's crucial to compare their performance against the market leader,...

This is an example of how you can use Elliot Waves to enter a trade.The bigger wave is wave (1) which consists of 5 waves. Now, for wave (2), a WXY pattern happened in a parallel channel. It can also be called a double three pattern.Wave (2) reached 50% of wave (1). 50% - 60% is typically where corrections end. After that, we can see a sharp rise up. This is...

Types of Channel Pattern In this educational post, we won't take a trading position, but rather equip you with valuable insights. Today, we delve into the world of channel chart patterns. Channels come in two primary forms: bullish and bearish. Understanding these patterns is essential. A bullish channel appears as a descending pattern, resembling a falling...

In the world of technical analysis, patterns often provide valuable insights into potential market movements. One such pattern, the bearish flag, is a vital tool for traders seeking to identify and capitalize on bearish trends. In this comprehensive guide, we'll explore the bearish flag pattern, uncovering its characteristics, formation, and implications. With...

Ever wondered about Adam and Eve in trading? It's a straightforward and powerful pattern. Hello dear traders! If you like my graphics, please use Like button 💙💛 Picture Adam as the first market peak or dip, and Eve as the second, forming a U-shape. This pattern highlights a robust price level, suggesting a potential market shift. How to Utilize It? In...

Hello Traders Investors And Community, Welcome to this tutorial about Price-Action-Channel-Formation. In markets, there are often price-actions forming that move into channel-formations which can shape into different forms. In this tutorial, I am looking at important channel structure types and how the projections can be assigned to properly object a taget-zone...

In the today's post, we will discuss accurate bullish price action patterns that you can apply for trading any financial instrument. 1️⃣Bullish Flag Pattern Such a pattern appears in a bullish trend after a completion of the bullish impulse. The flag represents a falling parallel channel. The market corrects itself within.Bullish breakout of the...

In the today's article, we will discuss 4 classic yet profitable forex and gold trading strategies. 1️⃣Pullback Trading Pullback trading is a trend-following strategy where you open the positions after pullbacks.If the market is trading in a bullish trend, your goal as a pullback trader is to wait for a completion of a bullish impulse and then let the...

If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!Elliottwave and Elliotwave 3/C Entry Model.This is the minimum you should consider doing when laying out,"on paper", your favorite/profitable trade...

I wanted to share my thoughts on the significance of using channeling technique in Elliott Wave theory when analyzing charts. To begin, we draw what we call a "base channel," starting from the beginning of wave 1 and extending it to the end of wave 2. This initial channel provides us with a foundation for analysis. The following occurrence of an impulsive...

The bearish flag pattern is a powerful technical analysis tool used by traders to identify potential bearish trends in the foreign exchange (Forex) and gold markets. As a continuation pattern, it is typically formed after a strong downward move, indicating a short-term pause before the price continues its downward trend.📚How Does the Bearish Flag Pattern...

What's the hero indicator? It's a cool tool that combines 9 different indicators.Each of these indicators can help you gain a edge in the market, but they become super powerful when you combine them and create new strategies.The goal of the hero indicator is to provide traders with ready-made strategies to use. And if they want, they can easily create different...