Hello, bro! Today we dive into the world of advanced technical analysis and explore how to use powerful tools like VWAP, Ichimoku, Pivot Points, and Fibonacci Retracements to make more accurate trading decisions. Let's go!
🟩 VWAP (Volume Weighted Average Price)
🟦 What is it?
VWAP is the average price over a certain period, weighted by volume. It shows the average price at which trades occurred for the day and is widely used by large traders to assess the current market level.
🟦 How to apply?
- Determining market levels: Price above VWAP indicates an uptrend, below indicates a downtrend.
- Support and resistance: VWAP often acts as a dynamic level of support or resistance.
- Volume confirmation: In conjunction with increasing volume — a signal for continuation.
🟦 Professional tips:
- Use VWAP in conjunction with other indicators for trend confirmation.
- Pay attention to deviations: a strong price deviation from VWAP may indicate overbought or oversold conditions.
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🟩 Ichimoku Cloud (Ichimoku)
🟦 What is it?
A comprehensive indicator that combines support, resistance, trend, and momentum levels in one chart. Includes lines — Tenkan-sen, Kijun-sen, Senkou Span, cloud, and lags.
🟦 How to apply?
- Trend and its direction: Line crossings indicate a trend change.
- Cloud (Kumo): Color and width indicate trend strength and support/resistance.
- Entry signals: Crossing the cloud or lines — an entry point.
🟦 Professional tips:
- Ichimoku works great for medium-term and long-term trading.
- Use it in conjunction with volumes and other indicators to increase accuracy.
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🟩 Pivot Points (turning points)
🟦 What is it?
These are support and resistance levels calculated based on the previous period (day, hour). Standard formulas are usually used to determine key price levels.
🟦 How to apply?
- Trading at levels: Entries and exits based on support/resistance.
- Reversal strategies: When the price reaches a level — a reversal or breakout is possible.
- Signal filtering: Combining with other indicators for confirmation.
🟦 Professional tips:
- Use Pivot Points in conjunction with volumes and candlestick patterns to increase entry accuracy.
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🟩 Fibonacci Retracements
🟦 What is it?
Lines based on the Fibonacci numerical sequence that help identify correction zones after a strong movement.
🟦 How to apply?
- Determining support/resistance zones: After a trend, levels are drawn — 23.6%, 38.2%, 50%, 61.8%, 78.6%.
- Entry point search: Entering a trade on a pullback to a key level.
- Confirmation of reversal: Combining with volumes and candlestick patterns.
🟦 Professional tips:
- Don't limit yourself to Fibonacci — use them in conjunction with other levels and indicators for the best decisions.
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🟩 Summary
Diving into deep technical analysis is not just about knowledge but also practice. By using VWAP, Ichimoku, Pivot Points, and Fibonacci Retracements, you gain a powerful arsenal for pinpointing exact entry and exit points, assessing trends, and determining support/resistance levels. Don’t forget to test strategies on historical data and continuously improve your skills.
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