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Bollinger Bands guidelines forex signals : W-Bottoms W-Bottoms were part of Arthur Merrill's work that identified 16 patterns with a basic W shape. Bollinger uses these various W patterns with Bollinger Bands to identify W-Bottoms. A “W-Bottom” forms in a downtrend and involves two reaction lows. In particular, Bollinger looks for W-Bottoms where the second low is lower than the first but holds above the lower band. There are four steps to confirm a W-Bottom with Bollinger Bands. First, a reaction low forms. This low is usually, but not always, below the lower band. Second, there is a bounce towards the middle band. Third, there is a new price low in the security. This low holds above the lower band. The ability to hold above the lower band on the test shows less weakness on the last decline. Fourth, the pattern is confirmed with a strong move off the second low and a resistance break. forex signals : M-Tops M-Tops were also part of Arthur Merrill's work that identified 16 patterns with a basic M shape. Bollinger uses these various M patterns with Bollinger Bands to identify M-Tops. According to Bollinger, tops are usually more complicated and drawn out than bottoms. Double tops, head-and-shoulders patterns, and diamonds represent evolving tops. In its most basic form, an M-Top is similar to a double top. However, the reaction highs are not always equal. The first high can be higher or lower than the second high. Bollinger suggests looking for signs of non-confirmation when a security is making new highs. This is basically the opposite of the W-Bottom. A non-confirmation occurs with three steps. First, a security creates a reaction high above the upper band. Second, there is a pullback towards the middle band. Third, prices move above the prior high but fail to reach the upper band. This is a warning sign. The inability of the second reaction high to reach the upper band shows waning momentum, which can foreshadow a trend reversal. Final confirmation comes with a support break or bearish indicator forex trading signals . forex signals : Walking the Bands Moves above or below the bands are not signals per se. As Bollinger puts it, moves that touch or exceed the bands are not forex trading signals , but rather “tags”. On the face of it, a move to the upper band shows strength, while a sharp move to the lower band shows weakness. Momentum oscillators work much the same way. Overbought is not necessarily bullish. It takes strength to reach overbought levels and overbought conditions can extend in a strong uptrend. Similarly, prices can “walk the band” with numerous touches during a strong uptrend. Think about it for a moment. The upper band is 2 standard deviations above the 20-period simple moving average. It takes a pretty strong price move to exceed this upper band. An upper band touch that occurs after a Bollinger Band confirmed W-Bottom would signal the start of an uptrend. Just as a strong uptrend produces numerous upper band tags, it is also common for prices to never reach the lower band during an uptrend. The 20-day SMA sometimes acts as support. In fact, dips below the 20-day SMA sometimes provide buying opportunities before the next tag of the upper band. Bollinger Bands reflect direction with the 20-period SMA and volatility with the upper/lower bands. As such, they can be used to determine if prices are relatively high or low. According to Bollinger, the bands should contain 88-89% of price action, which makes a move outside the bands significant. Technically, prices are relatively high when above the upper band and relatively low when below the lower band. However, relatively high should not be regarded as bearish or as a sell forex signals . Likewise, relatively low should not be considered bullish or as a buy signal. Prices are high or low for a reason. As with other indicators, Bollinger Bands are not meant to be used as a stand-alone tool. Chartists should combine Bollinger Bands with basic trend analysis and other indicators for confirmation.

get forex trading signals by Horn Tops Horn Tops Appearance Two upward price spikes separated by a week on the weekly chart Weekly chart, upward spikes Use the weekly chart and locate two upward price spikes separated by a week. The two spikes should be longer than similar spikes over the prior year and tower above the high of the center week. It should look like a horn. Clear visibility The horn highs should be well above the surrounding highs and the best performing reversals appear at the end of a long uptrend. Confirmation The pattern becomes a valid horn top when price closes below the lowest low in the pattern. Do not trade forex signals without confirmation. Measure rule Subtract the lowest low from the highest high to get the pattern height. Subtract the height from the lowest low to get the forex signals target price. Threat assessment Look for an uptrend spanning many months. Such uptrends often show horns near the end of the trend. If the horn top appears near the end of a long downtrend, then it is best to avoid it. Watch out for horns appearing after a downward trend when the trend changes and price starts moving higher. Prices may decline but the decline is usually short-lived (as in the rise between a double bottom). Low volume The failure rate declines if below average volume appears on both spikes, in a bull market. Trend change A horn top usually signals an approaching trend change, usually in less than 2 months.

XAU USD free forex signals live and sell from 1286 xau usd Free forex trading signals live GOLD SELL @ 1286 TP @ 1272 SL @ 1293 forex trading signals today Description by words XAU USD is preferred to sell on GOLD market type order Market Execution Take profit TP @ 1272 Place stop loss SL @ 1293 Free forex trading signals LIVE analysis gold finished the up Trend in near and medium term and started corrective wave free forex signals expects the bearish wave will continue in near term gold prices break down Trend line near level 1285 Price pattern recognized today for daily free forex trading signals expanded flat pattern and symmetrical Triangles Price action after symmetrical Triangles breakout gold Prices move down quickly Fibonacci EXPANSION the decline current wave expect to be wave c of expanded flat pattern and wave C will equal wave A Important resistance level today is 1298 gold price chart formed many bearish engulfing Candlestick pattern Free forex signals analysts team trading Intuition indicates to bearish Next move for gold price the best accurate GBP USD FREE forex trading signals today GBP USD SELL @ 1.3035 TP @ 1.2965 SL @ 1.3075 the summery of GBP USD forex technical analysis is to sell

Head and Shoulders Bottoms by free forex signals Head and Shoulders Bottoms by free forex signals pattern Appearance Three-valley formation with center valley lower than the others Shape A three-trough formation with the center trough below the other two. It looks like a head-and-shoulders bust flipped upside down. The three troughs and two minor rises should appear well defined. Symmetry The left and right shoulders should be opposite one another about the head, somewhat equidistant in both time and price. There are wide variations, but the formation is noticeably symmetrical about the head. Volume Usually highest on the left shoulder or head and diminished on the right shoulder. Neckline A line that connects the rise between the two shoulders. A neckline pierce signals an upward breakout. For up-sloping necklines, use the highest high in the pattern as the breakout price. Upward breakout The breakout is upward, usually on high volume that powers prices upward. A low volume breakout is not an indicator of an impending failure. Measure rule and forex signals Compute the formation height by subtracting the value of the lowest low reached in the head from the neckline, measured vertically. Add the difference to the point where prices pierce the neckline. The result is the target price to which prices will rise, at a minimum. For up-sloping necklines, substitute the rise between the head and right shoulder (that is, the highest price in the rise) for the neckline breakout price. free forex trading signals tips for Head and Shoulders Bottoms Wait for confirmation If you can determine that a head-and-shoulders formation is completing, consider buying the stock. This formation rarely disappoints and the rise is worth betting on. However, you must be sure that a head-and-shoulders bottom is present. Otherwise, wait for price to close above the neckline or highest high. Stop loss Place a stop-loss order below the lower of the two shoulders. Often, prices drop to the shoulder lows before meeting support. Raise the stop as prices climb. Watch for throwback If you miss the upward breakout, wait. Half the time, the forex will throw back to the neckline. Once it does, buy the forex or add to your position. Tall or narrow patterns perform better than short or wide ones. Patterns that are both tall and narrow do best

Head and Shoulders Tops and best forex trading signals Head and Shoulders Tops and the best forex trading signals Appearance Three-peak formation with center peak taller than the others. Shape After an upward price trend, the formation appears as three bumps, the center one is the tallest, resembling a bust. Symmetry The two shoulders appear at about the same price level. Distance from the shoulders to the head is approximately the same. There can be wide variation in the formation’s appearance, but symmetry is usually a good clue to the veracity of the formation. Volume Highest on the left shoulder, followed by the head. The right shoulder shows the lowest volume of the three peaks. Neckline Connects the lows of the two troughs between the three peaks. The line can slope up or down. Often used as a triggerpoint (to buy or sell) once price pierces the line. Downward breakout Once price pierces the neckline, it may pull back briefly, then continue moving down. forex signals take profit and Measure rule Compute the formation height by subtracting the value of the neckline from the highest high reached in the head, measured vertically. Subtract the result from the breakout price where prices pierce the up-sloping neckline, or, if the neckline slopes downward, closes below the right shoulder low. The result is the minimum target price to which prices descend. Alternatively, compute the formation height from the highest high to the daily low price in the higher of the two troughs. Subtract the result from the daily high price in the higher of the two troughs to get the target price. This method boosts the success rate and does not rely on the neckline or breakout point (useful for steep necklines). stop loss for forex trading signals For short sales, place a stop just above the lower of the two troughs or just above the neckline, whichever is higher. Watch for pullback Initiate a short sale or add to your position during a pullback. Wait for prices to begin falling again before placing the trade as prices sometimes pull back and continue moving up Tall or narrow patterns perform better than short or wide ones. Avoid patterns that are both short and wide

Diamond Bottoms and Trading Tactic Diamond pattern forms after a downward price trend. Breakout is upward. Prior price trend. Since we are dealing with diamond bottoms and not tops, the prevailing price trend is downward leading to the diamond. The hardest part of identifying any pattern is seeing the shape prices make. For diamonds, they are especially difficult to identify. However, they occur many times at price turning points. Thus, look for diamond bottoms at the end of a downward price trend. Rarely, diamonds appear in the middle of the trend and prices continue lower instead of reversing. Diamond shape. When prospecting for diamonds look for prices to widen out over time forming higher highs and lower lows. The price pattern should look like a broadening bottom chart pattern. Then, prices narrow, forming lower highs and higher lows. The second half should look like a symmetrical triangle. If you draw trend lines around the minor lows and highs, the result should appear diamond shaped. More likely, the diamond’s top or bottom will be pushed to one side, making it appear as though the chart pattern is leaning over. Diamond Bottoms and Trading Tactic Measure rule Measure the diamond height from the highest high to the lowest low and then add the result to the breakout price if the breakout is upward; subtract the result from the breakout price for downward breakouts. The result is the target price. Quick rise/fall Prices often return to the base following a quick rise or fall preceding the diamond. Wait for breakout The diamond can break out in any direction, so wait for the breakout.

Cup with Handle and buy trading signals Cup with Handle and generate buy trading signals Cup with Handle is Looks like a cup profile with the handle on the right brief review of the guidelines I found important. Rise before cup is at least 30%. As I was selecting cup-with-handle patterns, it became apparent that locating cups during an uptrend was important. So I used O’Neil’s minimum rise to the left cup lip of 30%. To measure this, I applied the same method as for finding the trend start and reviewed those that fell short of 30%. If the trend start using the mechanical method was shy (usually by just a few percentage points) of the required 30% but the price trend appeared longer on examination, I accepted the pattern. Just 15 of 471 patterns (3%) were in this category. U-shaped cup, handle duration. I removed all V-shaped cups and kept the U-shaped ones. I am not sure about the performance effect of this. Also removed were those cups with handles shorter than 7 days (5 trading days). A cup without a handle is a rounding bottom. I considered the handle length as the distance from the right cup lip to the breakout. Cup duration. I used a strict interpretation of O’Neil’s cup duration. Removed were short cups (fewer than 7 weeks) and overly long ones (over 65 weeks). Handles form in upper half of cup. I used a more lax interpretation of where the handle forms on the cup. In other words, I visually inspected the cups to be sure prices in the handle drifted no lower than halfway down the cup. I removed those drifting lower (include all with downward breakouts). When measuring distance, use an arithmetic chart Cup lips near same price. Finally, I selected cups with lips (tops) at approximately the same price level. Cups with uneven lips are better classified as scallops. determine take profit of forex trading signals Measure rule Compute the formation height by subtracting the lowest low reached in the cup from the high at the right cup lip. Add the difference to the high at the right cup lip and the result is the target price to which prices will climb, at a minimum. Only 50% of the formations rise that far in a bull market; 27% hit the target in a bear market. Use half the cup height to get a more realistic price target (met 76% of the time in a bull market; 55% in a bear market).

forex trading signals free live today Free forex trading signals eur usd today EUR USD SELL @ 1.1410 TP @ 1.1340 SL @ 1.1450 Description by words EURUSD is preferred to sell on FX market type order Market Execution Take profit TP @ 1.1340 Place stop loss SL @ 1.1450 Free forex trading signals analysis EUR USD Trend IS sideways in medium term and eur usd prices reached to resistance zone 1.1440 – 1.1470 Price pattern recognized today for daily free forex trading signals symmetrical triangle possible Important resistance area today 1.1440 -1.1470 forex trading signals indicates to the Next wave on very near term will be bullish gold free live today GOLD SELL @ 1250 TP @ 1236 SL @ 1257 wave 5 equal wave 3 this is Price pattern recognized today for daily according to equal wave guidelines the gold price will decline and make correction wave