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Reverse Head And Shoulders Pattern

Pivot Points

Elliott Waves

Forex : Technical Analysis : Elliott Waves

As part of articles series about Technical Analysis , I'll explain Elliott Waves

: I talked in previous articles about

Reverse Head And Shoulders Pattern

Pivot Points

Elliott Theory

The Scientist Ralph Nelson Elliott At 1920 innovated a way could through it watching prices movements of financial stocks . The theory says that the market moves as waves , and it makes high swings or low swings

Elliott says that the market moves by waves system 5 - 3

First 5 waves called impulse waves

Last 3 waves called corrective waves

Firstly : Impulse Waves

Elliott theory says that each wave show prices case

Impulse Waves

Wave Number 1

Mostly the cause of this wave the existence of little number of investors from who has a desire to buy the stock where the price is cheap at this level

Wave Number 2

At this wave the investors stops about buying the stock ,and take profits stage starts , so the price start to fall for a period of time ,but anyway the price doesn't fall far at low levels

Wave Number 3

Mostly this wave is the strongest and longest .why? because the stock attracts the attention of investors and most of them competing to buy the stock and this lead to rise the price of stock more and more and always the wave number 3 is twice of the wave number 1

Wave Number 4

At this level the investors start to gain the profits from impulse the wave number 3 , the wave number 4 always be weak and this causes price falling to qualify the stock to find new buying chance

Wave Number 5

This Wave is hysterical wave because the stock increases in demand maniacally and it rises To the farthest limits until it reaches to ABC pattern and it's waves to correct previous situations

Secondly : ABC Waves

When the five waves consisted after that the market starts in correcting the matters through forming corrective waves called ABC waves ,as we see at the picture below

ABC Waves

But notice these waves in up markets and down markets ,and you can use these waves on the chart by using Zigzag indicator

To Use Zigzag indicator on the chart : Click on indicators then choose custom then ZigZag

Forex : Technical Analysis : Pivot Points

As part of articles series about Technical Analysis ,I'll explain Pivot Points

: I talked in previous articles about

Reverse Head And Shoulders Pattern

Pivot Points Definition

Forex Traders use Pivot Points as a tool of preference between support and resistance levels and generally pivot points are the area that the prices visit during specific time period and it must visit it or it must be close to it at least

: An Example shows up pivot points on the chart

Pivot Points

? How to Calculate The Pivot Points

Pivot Point = (Highest level of the price + Lowest level of the price+ The Closure point ) / 3

? How to Calculate Support and Resistance Levels Using Pivot Points

: Way of Calculating the first levels of support and resistance

(First Support = 2 x pivot point - ( highest level of the price during time period

(First Resistance = 2 x pivot point - ( highest level of the price during time period

: Way of Calculating the second levels of support and resistance

(Second Support = pivot point - ( highest level of price - lowest level of price

(Second Resistance = pivot point + (highest level of price - lowest level of price

Don't worry you will not doing any calculations because of the indicator of pivot points determines the support and resistance levels on the chart automatically

?How to Trade Using Pivot Points

: There're two ways

The Trading using breakout

Pivot Point (PP) is first place you must look to it instead of focusing on support and resistance levels because you expect that the price will go to it depending on breakout theory (resistance penetration or support penetration ) , when the price reaches to pivot point ,you'll be able to take decision whether the entry of buying or selling or even take profits where the pivot point or stop loss

Generally if the prices higher than pivot point ,we expect higher prices

As for if the prices lower than pivot point ,we expect lower prices

The Trading inside sideways term

When the prices confined at sideways trend , the best for you make buying deals on support levels and make selling deals on resistance levels

You can download pivot point indicator from this link

Facebook and Google join forces For a huge technical project

There is no doubt that the relationship between the digital world companies as Google and Facebook are highly competitive relationship, but that doesn't necessarily mean that there is no cooperation between them in useful fields which has been revealed recently about the huge technological project between them

It comes about the linking between Hong Kong and Los Angeles in United States by a submarine cable made of fiber-optic under the Pacific Ocean and over 12,800 KM and it will be ready for using at 2018 and it will offer a range estimated 120 terabytes per second

In addition to all of Facebook and Google, this project will share the company "TE Subcom" and the telecommunications company "Pacific Light Cable Network" project and will carry the name .. Pacific Light Cable Network

Forex : Technical Analysis : Reverse Head And Shoulders Pattern

As part of articles series about Technical Analysis ,Reverse I'll explain Head And Shoulders Pattern

I talked in previous articles about

Reverse Head And Shoulders Pattern

This pattern looks like the previous pattern except that reverse head and shoulders pattern comes at the end of down trend and that mean the market has stopped about the selling and started new level , and this pattern consists of the same way but it expects the buying after the formation of reverse right shoulder

The Components of Reverse Head And Shoulders Pattern

The Reverse Left Shoulder -

The Reverse Head -

The Reverse Right Shoulder -

The Resistance Line -

Reverse Head And Shoulders Pattern

The Reverse Left Shoulder

The Market looks forward to test the lowest levels and here the reverse left shoulder consists

The Reverse Head

After that the price tests the lowest levels for the second time and in this time it succeeds in reaching to low levels lower than the reverse left shoulder level , this new low level is the reverse head and notice that the price remains traded under the resistance line and unable to break it to high

The Reverse Right Shoulder

After that the price tries to fall down for a third time but it fails achieving low levels lower than the reverse head area and here the third level consists ,this reverse right shoulder levels

After that at this time we notice that the price will be able to break the resistance line and the price will raise upward and looks forward to search about new high levels

The Resistance Line

The Resistance Line is a line has been drawn depending on connecting the highest levels with each other ,this resistance line pressing on the prices and send it to down

If you see this pattern on the chart you must close all selling deals and get ready to buy deals when the prices break the resistance line

Forex : Technical Analysis : Head And Shoulders Pattern

As part of articles series about Technical Analysis , I'll explain Head And Shoulders Pattern

: I talked in previous articles about

Head And Shoulders Pattern

Head And Shoulders Pattern is most reliable pattern which shown on the chart ,this pattern consists at the end of up trend and reverse it to down trend and it's a strong signal to take selling decision

Head And Shoulders Pattern

Form Components

Left shoulder - Head - Right Shoulder - Support Line

The Left Shoulder

The Market Looks forward to test the highest levels and here the left shoulder consists , notice that the price after consisting of left shoulder remains above of support line and unable to broke the support

The Head

After that the price test the highest levels again and in this time it succeed to reach to higher levels and achieved high level higher than the left shoulder level ,and this new level (head) , and notice that the price remains traded above support line and unable to broke it downward

The Right Shoulder

After that the price try to rise for a third time but it fails in achieving high levels higher than the head level , here the third level of right shoulder consisting

After that in this time we notice that the price will able to to broke the support line and the price will fall downward and will look forward to search about new low levels

The Support Line or Nick Line

The Support Line is a line has drawn depend on connecting the lowest levels , and it's a line where the prices be fixed above of it

When this pattern shows to us that mean we must be ready to take sell decision when the prices break support line

Forex : Technical Analysis : Rounded Bottoms & Saucers and Cups Patterns

As part of articles series about Technical Analysis , I'll explain Rounded Bottoms & Saucers and Cups Patterns

:I talked in previous articles about

Rounded Bottoms Pattern

Rounded Bottoms Pattern consists of a group of consecutive tops which comes at the end of up trend ,and If this pattern shown on the chart that mean that it indicates to the market will looking forward to test the lowest levels , so the rounded bottoms are signal to take selling decisions where the highest tops

And This Pattern tell us that the market exhausted bullish energy , and it can't achieving new highest levels higher than this highest levels which it achieved , most of traders when they notice this formation on the chart ,they close all buying deals and open selling deals

Saucers and Cups Pattern

Rounded Bottoms Pattern consists of a group of consecutive bottoms which comes at the end of down trend , and If this pattern shown on the chart that mean that it indicates to the market will looking forward to test the highest levels , so the Saucers and Cups are signal to take buying decisions where the bottoms

And This Pattern tell us that the market exhausted bearish energy , and it can't achieving new lowest levels lower than this lowest levels which it achieved , most of traders when they notice this formation on the chart ,they close all selling deals and open buying deals

Forex : Technical Analysis : Double Top and Double Bottom Patterns

As part of articles series about Technical Analysis , I'll explain Double Top and Double Bottom Patterns

I talked in previous articles about

What is Technical Analysis

Double Top

Double Top is a pattern comes at the end of up trend and indicates to that the market looking forward to the soon time to test the lowest levels ,and in order to that shows correctly the first top must be higher than the second top , generally the prices start falling

? How to use double top in technical analysis

When the double top pattern shows to you and the price start falling and broke the support line ,in this case you can open selling deal

Double Bottom

Double Bottom is a pattern comes at the end of up trend and indicates to that the market looking forward to the soon time to test the highest levels ,and in order to that shows correctly the first bottom must be lower than the second bottom , generally the prices start rising

? How to use double bottom in technical analysis

When the double bottom pattern shows to you and the price start rising and broke the resistance line ,in this case you can open buying deal

Forex : Technical Analysis : Support and Resistance Levels

As part of articles series about Technical Analysis in Forex ,I'll explain today support and resistance levels

: I Talked in previous articles about

Support and Resistance

Support and Resistance considered from most important terms that used a lot in the technical analysis and the most important to expect the next trend ,so we must take a look on the basics and learn support and resistance in order to how and why the trend reverses and how the trend continues its trend whether up or down

Support and Resistance

Look to the simple diagram above , as you see it's look a like zigzag shape tends to bullish (that mean is the market is rising) , but there's what's called resistance level which makes the market bounces around the bottom ,this is cause of the resistance while the market continues rising again because there's area below receives the pressures of the resistance and pushing the price around rising and this because of support level

That way the support and resistance consist all the time with the market fluctuations , so remember that the support pushing the price to the up and the resistance pushing the price to the down

Firstly : Support Line

Support Line is a line we can draw it by connecting between the lowest points that price reaches with each other , this line makes area called lowest levels area on the chart

Many traders decide to buy where support levels but I think that the market must test support levels before the buying signals appear which mostly appear after the second or third test fot the support line

But if the support line broken around the down and the trend says that the support has broken (that mean the market become in bearish ) ,here we can say that the market will searches about the new lowest price to make new support level

Secondly : Resistance Line

Resistance Line is a line we can draw it by connecting between the highest points that price reaches with each other , this line makes area called highest levels area on the chart

Many traders decide to sell where resistance levels but I think that the market must test support levels before the selling signals appear which mostly appear after the second or third test fot the resistance line

But if the resistance line broken arround the up and the trend says that the resistance has broken (that mean the market become in bullish) ,here we can say that the market will searches about the new highest price to make new resistance level

Officially : Pokemon Go in African countries

Pokemon Go become available for Users in Africa after a period from the launch in a number of countries in America and Europe as well as Asia

Pokemon Go

Niantic company was launched three months ago its app Pokemon goo in United States, it began to circulate gradually on the rest of the countries ,now the users in African countries can access to the game of the play off Store and download it

Pokemon Go app is now available in nearly thirty African countries, especially in North African countries such as Tunisia, Egypt, Morocco, Mauritania and other countries as South Africa, Gabon and others

Forex : Technical Analysis : How To Draw a Price Channel On Chart

As part of articles series about Technical Analysis , I'll explain how to draw a price channel on chart

I talked in previous articles about