As just about any experienced forex trader will tell you, technical analysis plays a pivotal role in identifying profitable trading opportunities. Occupying a well-established place among the classic ...
-Zigzags subdivide as an A-B-C (5-3-5) sequence -Many times, wave C can be estimated using common rations and channeling The sub waves of an A-B-C zigzag appear as 5-3-5 Wave B of the zigzag cannot ...
Whenever I'm scanning through charts for potential trading ideas, the most important thing for me is identifying a clear, recognizable wave structure. If the structure is clear, you can spot a ...
Markets don't reverse quietly. They usually leave small clues long before the headlines catch up: a change in momentum, a slowdown in selling, a shift in volatility, or simply a chart pattern that ...
Solana edges lower as supply overwhelms demand across the cryptocurrency market. A falling wedge pattern on the daily chart hints at a potential 22% breakout to $200. SOL Open Interest remains largely ...
That's the message from the price chart, which shows the sharp pull back from the record high of $126,000 on Oct. 8 to recent lows near $106,000, which has left many bulls demoralized, is quietly ...
Wedge pattern trading is another basic concept that most beginner day traders need to familiarize themselves with. It takes cues from ABCD and flag patterns. And it ...
XRP is mirroring a bullish fractal that led to a 70% rally earlier this year. Price eyes a 20% breakout from a falling wedge, targeting $3.75 in August. XRPL growth and stablecoin activity bolster the ...