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

Hello everyone,Today, I’ve prepared an educational guide on chart patterns, specifically focusing on the Flag Pattern.This content is designed to be easy for beginners to follow, so I hope you find it engaging and informative. :)Below is the outline I’ll be using for this post:———— ✔️ Outline 1. What is a Flag Pattern? Definition Key Components ...

Comprehensive Market Breakdown for XAU/USD (Gold Spot) Based on Multi-Time Frame AnalysisOverview:The analysis of XAU/USD across multiple time frames (15-minute, 30-minute, 1-hour, and 4-hour) indicates a complex market structure with both bullish and bearish signals. This detailed breakdown will provide insights into the current market conditions, key patterns...

*The following Analysis is made by my Trading BOT*Analysis of Your Trade:Descending Channel:Formation and Breakout: The descending channel is well-defined, indicating a corrective phase following an impulsive move. The breakout above the channel suggests a potential reversal or continuation of the prior trend, which appears bullish.Entry Timing: You entered...

🚀 Want to catch explosive market moves? Here's how to master a high-probability setup using simple price action techniques — no indicators required.One of the most reliable patterns you can spot in the market is the bull flag on the 1-hour timeframe. It’s not just a random setup — it can be a game-changer for catching the next big move when combined with key...

How to trade parallel channels? Parallel channels trading strategy In trading, a channel is a vital element of technical analysis that traders often and effectively use. Identifying a channel in technical analysis involves constructing support and resistance lines that define the zone within which prices move.Simply put, a price (trend, trading) channel is a...

The charts you provided showcase potential scenarios based on different liquidity zones (LQZ) on multiple timeframes, such as 15M, 1H, and 4H. Let's break down the key insights from the images:Key Levels:Weekly Flag Trendline: This yellow trendline represents the long-term trend and acts as a major resistance or support. It’s crucial to monitor price action...

Contrary to popular belief, which considers the head and shoulders pattern to be a reversal pattern, this pattern can also be a powerful continuation pattern!!did you know??1-reversal role: in this case, when the neck-line of the head and shoulder breaks, sell and buy signals are issued (see the 2 items on the left in the picture)And an BULLISH trend turns into...

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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 ...

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...