Characteristics: Channels are banded current trend-following indicators. Similar to other indicators they lagging. They have an upper and a lower line. Upper and lower bands are at equal distance from a middle line. The area between upper and lower lines is the channel. Signals: The upper or lower line breakouts. The upper and lower lines […]
https://youtu.be/mOzsMd2qT0k Gartley patterns are harmonic chart patterns based on Fibonacci numbers. The first stop-loss point is often positioned at Point X and the take-profit is often set at point Fibonacci retracement numbers. I normally open 3 small positions or a big position
Active or passive investment. Which one is better? I think we should have a mix. Actually, this is the best way to have and manage a very diversified portfolio. We can have a core long-term investment including a mix of different assets like tech, metal base, travel, transport, etc. And then for the active part […]
Butterfly pattern The Butterfly pattern: Is a reversal pattern It has four legs. (X-A, A-B, B-C, and C-D) It shows a trend reversal point. There are bullish and bearish versions. HOW TO IDENTIFY THE BUTTERFLY PATTERN See the price chart below for an example of what a bullish Butterfly pattern looks like: Very similar to […]
Here is step by step guide; · The first return from point A, which is the end point of the first wave, is 0.382 or 50% Fibonacci. Point B. · Point C can be anywhere between points A and B. To get the area D. · Draw line 0.886. · Calculate CD length to 1.27 […]
