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Fibonacci retracements it is a tool that
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displays horizontal lines based on the
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Fibonacci numbers these lines can then
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be used as key support and resistance
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levels to use the Fibonacci retracement
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tool you first start by identifying a
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swing low and swing high on a chart then
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drag the tool from the swing low to the
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swing High next wait for the price to
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make a pull back to one of these levels
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ideally the 0.382 Fibonacci level
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because that's the most common level
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where price tends to reverse from so if
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price touches that level that could be a
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good buy entry keep in mind that price
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could also reverse from other Fibonacci
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levels combine it with other
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confirmation signals to get a better
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entry breakout patterns it is when price
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makes a sudden and significant movement
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towards One Direction This usually forms
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after the market makes a consolidation
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period for example here we can see that
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the price is consolidating then it
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suddenly moves sharply to the downside
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this is called a Breakout to take
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advantage of this Traders could use
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specific patterns as a guide to identify
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breakouts before they happen most
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notable breakout patterns includes
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wedges triangles and the rectangle
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pattern reversal patterns it is when
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price moves in the opposite direction of
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the current Trend and forms a counter
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Trend specific patterns could be
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identified in a chart which could help
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Traders predict reversals before they
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happen most notable reversal patterns
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are double top and bottoms triple top
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and bottoms
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Head and Shoulders cups and
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handles aliot wave it is a theory that
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suggests that market tends to move in a
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series of five waves before reversing
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and forming another set of waves in the
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opposite direction by understanding the
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Elliot wave sequence Traders could
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predict where the price is Heading by
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following the pattern in a chart we can
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label each point of the Waves as 1 2 3 4
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5 and ABC now there are specific rules
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to ensure that a movement is considered
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as a valid Elliot wave first wave 2
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cannot be longer than wave 1 and usually
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pulls back to the 0.618 Fibonacci level
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second wave three must be the longest
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wave amongst Wave 1 3 and five third
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Wave 4 must remain above the peak of
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wave 1 and usually pulls back to the
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0.382 Fibonacci level so here's an
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example of the Elliot wave in action in
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this chart we can see that the price
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resembles a possible one 23 Elliot wave
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and So based on the theory of wave 4
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which is that price tends to pull back
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to the 0.382 Fibonacci level before
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continuing upwards we can use this as a
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potential buy entry when price makes a
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pullback fair value gaps a fair value
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Gap occurs when a candle forms a
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significant Gap due to an imbalance of
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buying or selling to find a fair value
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Gap you first need to find a candle with
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a large body then draw a rectangle at
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the Gap place between the previous
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candles swick and the next candles swick
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this level now acts as a potential
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magnet where price May revisit before
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continuing its
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movement Candlestick patterns it is a
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technique that Traders use to analyze
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future price movements by looking at
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specific Candlestick shapes notable
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Candlestick patterns include engulfing
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patterns which signal strong momentum
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towards the direction of the engulfing
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candle hammer and shooting star patterns
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which indicates rejection as shown by
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the long Wick on one side DOI patterns
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which signals neutrality in the market
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ha kanashi it is an indicator that fully
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replaces a traditional Candlestick chart
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to a hinachi chart when applied it tends
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to give less noise than a traditional
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Candlestick a green hinachi candle
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signals that the price is on an uptrend
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and a red HK kanashi candle signals that
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the price is on a downtrend the size of
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the candle's body also indicates how
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strong a trend is the larger the candle
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the stronger the trend keep in mind that
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the ha kanashi only acts as an indicator
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it does not display the real market
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price moon phases it is a concept that
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utilizes moon cycles to time the market
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moon face Traders believe that Moon
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cycles are correlated with human
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emotions and behavior which could have
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an influence on the market specific Moon
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phases are believed to be favorable
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towards a certain Trend a new moon means
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the market tends to be bullish and a
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full moon means the market tends to be
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bearish today it is used mostly As as a
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confirmation tool
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ranko it replaces a traditional
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Candlestick chart to a ranco chart so
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unlike a traditional Candlestick which
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forms a new candle based on a certain
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period of time a ranco chart forms its
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block based on the change of price for
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example every 1% change in price a
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wrinkle block appears this means that
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each wrinkle block represents a 1%
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change in price of course you can change
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the parameters of this through the
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indicator settings Traders could utilize
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ranco Tarts to filter out noise and
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identify Trends a Green rankle Block
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signals an uptrend and a red rankle
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block signals a downtrend and keep in
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mind that Rano charts only acts as an
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indicator it does not display the real
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market price harmonic patterns these are
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Advanced price patterns that follows a
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specific shape based on Fibonacci
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numbers Traders can then use these
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specific shapes to predict future price
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movements for example a bullish bad
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pattern is formed when price makes a
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series of four movements ments that is
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shaped like the letter M each point can
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be labeled as x a b c and d and each of
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these points has a specific guideline
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for example point x to point B needs to
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have a value between 0.382 and 0.5 point
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a to c needs to have a value between
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0.382 and
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0.886 and the same thing works for the
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other points next these specific
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guidelines can then be applied onto a
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real chart so if you see a price forming
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a series of four movements you can apply
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the har monic pattern tool to check if
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the price that formed matches a patterns
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guideline if it does then you can take a
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position based on the pattern that
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formed there are multiple harmonic
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patterns that exist most notable are
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butterfly bat crab and each have their
00:06:17
own unique values support and resistance
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these are key levels that formed
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horizontally where the price has bounced
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off in the past and could possibly
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bounce again in the future if the level
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is below the Price It's called support
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where you can take a buy position if the
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price approaches it and if the level is
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above the price it's called resistance
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where you can take a sell position if
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the price approaches it Dynamic support
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and resistance similar to support and
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resistance Dynamic support and
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resistance also acts as key levels but
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instead of using static horizontal lines
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it uses indicators like the moving
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average to act as our key level trend
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lines trend lines are key levels that
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form diagonally during a trend Market
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you can use trend lines to identify the
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overall direction of the price upwards
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trend line means bullish downwards trend
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line means bearish and similar to
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support and resistance you can also use
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the trend line to identify possible
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entry scenarios for example if price
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retraces back to a trend line it can be
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a good opportunity to take a buy
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position gone angles it is a tool that
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displays multiple lines that spread
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continuously on different angles these
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lines can then act as possible key
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levels and could also help you measure
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the strength of a trend price moving
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within the Steep angles of the tool
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indicates a strong Trend and price
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moving within the shallow angles of the
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tool indicates a weak Trend to apply the
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Gan angles first you go to settings then
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make sure to check the lock price to Bar
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ratio next identify a market range and
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mark the swing low and the swing highs
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of that range then draw a straight
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vertical line at the start of the range
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after that select the trend angle tool
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and measure
00:08:02
45° then use the gun fan tool and place
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it at the 45°
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angle momentum indicators these are the
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types of indicator that measures the
00:08:13
direction and strength of a trend it is
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most effective when used in trending
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markets some of the most notable
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momentum indicators are macd an upwards
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crossover indicates a bullish Trend
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while a downwards crossover indicates a
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bearish trend moving averages price
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being above the moving average signals a
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bullish Trend and price being below
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signals a bearish trend parabolic are a
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DOT below the price indicates a bullish
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Trend and a DOT above the price
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indicates a bearish trend super Trend
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green signal indicates a bullish Trend
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and a red signal indicates a bearish
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trend
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oscillators these are the types of
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indicator that displays the relative
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strength of a price it is most effective
00:08:54
when used on choppy or sideways markets
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most notable oscillators include RSI
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when the line is in the oversold region
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it indicates a possible reversal to the
00:09:03
upside if it's in the overbought region
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it indicates a possible reversal to the
00:09:07
downside stochastic if both lines are at
00:09:10
oversold it signals a possible reversal
00:09:13
to the upside and if both lines are at
00:09:15
overbought it signals a possible
00:09:17
reversal to the downside these two lines
00:09:19
can also cross over each other to
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predict future price movements
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divergences divergences occur when an
00:09:25
indicator displays an opposite signal of
00:09:27
the real price movement when this
00:09:29
happens it is usually a sign that the
00:09:31
trend might reverse divergences could
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occur in many indicators such as the
00:09:35
macd stochastic and the RSI for example
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here using the macd indicator you can
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see that the price is forming higher
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highs which is bullish but the indicator
00:09:46
shows the opposite a lower highs which
00:09:49
is bearish in this case this is a
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bearish Divergence which signals that
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the price may form a reversal and so you
00:09:55
can take a sell position
00:09:59
volume indicators these are types of
00:10:02
indicator that shows the strength behind
00:10:04
a price Movement by tracking the trading
00:10:06
volume notable volume indicators include
00:10:09
price volume which displays the volume
00:10:11
for each candle the longer the bar the
00:10:13
higher the volume volume weighted
00:10:15
average price which shows the ratio of
00:10:17
an asset's price to its total volume it
00:10:20
can be traded like a moving average or
00:10:22
as a dynamic support and resistance
00:10:24
volume profiles it displays a volume bar
00:10:27
horizontally which can be treated as key
00:10:29
levels for potential entry
00:10:31
positions supply and demand also
00:10:34
referred to as order blocks these are
00:10:37
zones where significant price movements
00:10:39
have occurred if price moves
00:10:40
significantly upwards from a level it is
00:10:43
considered a demand Zone and if price
00:10:45
moves significantly downwards from a
00:10:47
level it is considered a supply Zone
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just like support and resistance these
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zones can be treated as key levels for
00:10:53
potential entry
00:10:55
positions Market structure Market
00:10:57
structure is when Trader anal izes the
00:10:59
behavior condition and flow of the
00:11:02
market an uptrend structure is
00:11:04
characterized by Price forming higher
00:11:06
highs and higher lows while downtrend
00:11:08
structure is characterized by Price
00:11:10
forming lower highs and lower
00:11:12
lows break of structure it is when price
00:11:16
breaks the previous price Peak during a
00:11:18
trend for example if the price forms a
00:11:21
higher highs and higher lows this break
00:11:23
of the previous highs is called Break of
00:11:25
structure change of character it occurs
00:11:28
when price breaks the previous structure
00:11:30
during a trend often signaling a
00:11:32
reversal from that current trend for
00:11:35
example if the price is forming higher
00:11:37
highs and higher lows then it breaks the
00:11:39
previous lows forming lower lows this is
00:11:41
called a change of character so did I
00:11:44
miss any strategy let me know in the
00:11:46
comments below and if you find this
00:11:48
enjoyable kindly do a small favor by
00:11:50
liking the video and subscribe to the
00:11:52
channel it only takes two clicks but it
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means so much to me you can also check
00:11:56
out my other videos as well so thank you
00:11:58
for watching and I'll see you see you in
00:11:59
the next video
