Types of Markets in TradingView Land !!!ðĻâðŦ
āļāļĩāđāļāļąāļāđāļāļ:
Helloð dear traders. I am PejmanðĶ, and today I want to explain the types of marketsð with another story from TradingViewðĒ.
Maybe you love the world of animationðķ like me, and I'm trying to make the trading world as beautiful and colorful as the animationðķ worldð. So let's dive into another TradingviewðĒ land story.
Once upon a timeâģ, in Hundred Acre Wood, Christopher Robin decides to go to Stocktopia to live with other traders and try to learn trading skillsð.
Since Winnie the Poohð§ļ likes Christopher Robin very much, he and his friends decided to go with him and move to the cityð of Stocktopia.
They all knew that the path might be long and complicatedðĒ, so they decided to compare different Types of Marketsð and talk about marketsð along the wayðĢ.
Do you know the Wise Owl ðĶ? He always has many experiences of everything and explains them loudly.
On the other hand, he had a lot of experience in technical analysis and said: When I was a beginner, I was baffledð and even lost a lot of moneyðĪ because I didn't have a good perception of the marketð.
When my buy orders were filled, the stock would face a crashðĨ. And when I was selling, green candlesð jumped one after the other. Annoying!ðĄ
I only found out why when I went to Stocktopia and realized that the marketð has its own types.
Trends are essential in the marketð, and you need to learn to recognize trends. For training, first, I had to know what technical analysisð and its benefits are.
There was a moment something caught my eyesð when I was surfingðââïļ on a website called âTradingview,â and I opened the post to see what technical analysis is.ð
During my trading, I learned three types of marketsð. BullishðĒ, Bearishðī & Range marketð.
TigerðŊ: Whoo Whoo Whoooooo! I liked the name of the Bullish trendðĒ. Can we start from that first? What is a Bullish trendðĒ?
The Wise OwlðĶ showed TigerðŊ a chart from the book that was with him and said:
Dear TigerðŊ, to find a BullishðĒ marketð, you must first draw a trendline like a dynamic support trend line.
Do you remember dynamic support and resistance lines? If you don't know these lines, it is better to read the story of Princessðļ SnowâïļWhite Chart and Trader Dwarfs before hearing the story of the marketð types.ð
By the way, the BullishðĒ marketð is very similar to TigerðŊ. In the Bullish ðĒtrend, buyers are happy and positive emotions are seen in the marketð atmosphere.
There are more buyers than sellers. That is, buyers hope for the growth of a stock.
In the Bullish trendðĒ, you must be fast, so that you donât lose opportunities.
As you can see in the chart, the price inflates more like a balloonð. It goes Higher High (HH)every time and forms a Higher Low(HL)ðŧ than the previous one.
But no Bullish trendðĒ is permanent.
The marketð will experience a crash eventually. So you have to be smart because shopping will only sometimes be profitable. You will get bloody candles if you wait to buy them in time.
The Wise Owl ðĶ continued: The Bullish marketð has conditions that I will explain based on my experience:
This type of trend is called a Bullish marketð because when the bullsðĒ want to attack, they raise their horns from the bottom to the top. And the buyers increase the stock higher and higher by buying.
Christopher Robin asked: What if Higher High(HH) doesnât touch the previous Highðŧ?
The Wise OwlðĶ said: This is a sign of a strong Bullish trendðĒ. If you see such an event, prepare your dollars for shopping. Does anyone have any other questions?
Eeyore said: What is the trend of Bearishðī? Why is it named like this?
Wise OwlðĶ: How interesting that Eeyore himself asked this question because the Bearish trendðī is exactly like Eeyore. Ivor John has some negative feelings about him.
Shareholders also feel disappointmentðĐ and fearðą in the trend. Because of this, the number of buyers decreases, and the number of sellers increases.
Candles turn red like rosesðđ; the more sellers there are, the bigger this red flower gardenðĄ will be.
Highs and Lowsðŧ form one after the other lowerâŽïļ and lowerâŽïļ.
In a downward trendðŧ, if you are in a one-sided marketð, you should sell your shares, but if the marketð is two-sided, you can present yourself for a sell/short position.
In this trend, negative emotions may dominate the marketð, but sellers will be happy.
Like the upward trend, the downward trend also has its conditions. Can you guess them before I say them?
Po said: Ah, in the growth trend, each Highðŧ should be formed lowerâŽïļ than the previous High(LH)ðŧ, and each Low should be formed below the previous one(LL).
On the other hand, if the price falls below a Low in the downward trend, it is better not to return above that Low.
The Wise OwlðĶ: It was great, Poohð§ļ. Now let's take a look at this Bearish trendðī chart.
As you can see, there is no news of going up(HH)ðš in downward trendsðŧ. Instead, we see Lower Lows(LL) and Lower Highs(LH).
But the marketð is only sometimes bullishðĒ or consistently bearishðī. Does anyone remember the name of the third type of marketð that I mentioned?
Piglet answered with a bit of stress: Ummm, I think it was Range Marketð.
Wise OwlðĶ: Hohohoho, you are right, Piglet. But don't be afraid and don't stress because this marketð has no particular trend.
If you looked at the chart and could not find an upwardðš or downward trendðŧ, the sea marketð is tame, and no waves move the candles upðš or downðŧ.
The number of buyers and sellers in the Range marketð is almost equal. In the marketð, Range traders are like piglets.
A group of them have hope for stocks and buy with confidence, and another group is still afraid, like piglets, and thinks that the value of their shares may decrease. So they sell it.
Neither bearsðī or bullsðĒ win in the Range marketð because they need more trading volume to pull the marketð in the same direction and form a strong upðš or downðŧ movement.
In the marketð, the price range is involved in two Ranges: buy or demand Range and sell or supply Range.
The support zone pushes the price upwardsðš in the buying Range, but the resistance one does not allow the price to advance.
Therefore, the price is passed between these Ranges like a yo-yo until one of the parties enters more volume and breaks this price compression. The head will run away from one side when the price is done.
As you can see in the picture, finally, the sellers ran away from the price :) And the bearsðī won over the bullsðĒ.
Rabbit: I have heard that most financial markets are Range, and itâs more difficult to trade in this type of market. By the way, I don't want to rush, but I guess it's time to tell us the use of all this information.
The Wise OwlðĶ laughed and replied: "Hey, you didn't rush. Now that you are familiar with different types of marketsð, it is time to learn how to trade in these marketsð."
You must first draw trendlines in trending marketsð to get a general view of the chosen stockð. Then you can take a position in the direction of the trend.
Be sure to remember that youâre entering at the right points. Take your time, because waiting is a flower that doesnât grow in everyone's garden.
The owlðĶ opened a new page and showed a downward trendðŧ, which later turned into an upward trendðš. OwlðĶ continued:
As you can see from the chart below, the price is caught under the bears' claws, and the marketð is bearishðī. It has formed Lower Lows(LL) and Lower Highs(LH).
But after the Bullish engulfing candlestick pattern, the trend changed and turned into a BullishðĒ marketð.
If you want to learn about candlesticks and how to trade with them, you can go to the following post because I have collected how to trade with all candlestick patterns in this post.ð
As you know, the more the price collides with a trendlineð, the more valid the trendline will be. So these linesð will become valuable, like support or resistance linesð.
In this example, we learned how effective candlesticks could be in identifying or finding the end of trends.
Now it's the turn of the Range marketð, and it is possible to trade in this marketð considering the volatility of the trend.
In the Range marketð, as I said, the price is like a small fishð stuck in a fast Eeyore.
The flow of waterð§ and the flow of buyers and sellers move this fishð into the Eeyore bedð.
As a trader, if you want to catch fishð from this water, you must wait until it approaches one of the Eeyore bedsð.
Upðš or downðŧ bed, i.e., support line or resistance line. You can buy when you see the price on the support line, and when you see it on the resistance line, it is time to sell.
Rabbit said: Haha. That is very easy. Buy low and sell high.
The wise owl laughedð and said: You are exactly right. Trading in this marketð may seem simple, but this fishð can escape anytime.
Trading in Range Marketð is like eating a sandwichðĨŠ. If you press your sandwichðĨŠ too much, the fillings of the sandwichðĨŠ maybe spilled out from the top or bottom.
Everyone heard the sound of Po's stomach and laughedð. Po said: We have been walking for a long time, and I also ate my honeyðŊ on the way. How much is left?
Christopher Robin looked around with his cameraðļ and said we're finally there. I can see the lightsðĄ of Trading Waveð LandðĄ.
The Wise OwlðĶ continued: Now, knowing the types of marketsð, you can learn more than technical analysis in this land.
All of them went to the land of Trading Waveð, happyð that they got good information along the wayðĢ by heaRange about the experiences of the wise owl.
If you want to learn how to trade well like the people of this landðĄ, practice today's tips and join me every week because I have many stories to tell about this marketð.
This landðĄ is full of traders who lost their capitalðļ and became disappointedð without carefulness and practice. If you don't want to be one of them, remember to manage your capitalðļ and training.
I hope you are always healthy and prosperousð.
Maybe you love the world of animationðķ like me, and I'm trying to make the trading world as beautiful and colorful as the animationðķ worldð. So let's dive into another TradingviewðĒ land story.
Once upon a timeâģ, in Hundred Acre Wood, Christopher Robin decides to go to Stocktopia to live with other traders and try to learn trading skillsð.
Since Winnie the Poohð§ļ likes Christopher Robin very much, he and his friends decided to go with him and move to the cityð of Stocktopia.
They all knew that the path might be long and complicatedðĒ, so they decided to compare different Types of Marketsð and talk about marketsð along the wayðĢ.
Do you know the Wise Owl ðĶ? He always has many experiences of everything and explains them loudly.
On the other hand, he had a lot of experience in technical analysis and said: When I was a beginner, I was baffledð and even lost a lot of moneyðĪ because I didn't have a good perception of the marketð.
When my buy orders were filled, the stock would face a crashðĨ. And when I was selling, green candlesð jumped one after the other. Annoying!ðĄ
I only found out why when I went to Stocktopia and realized that the marketð has its own types.
Trends are essential in the marketð, and you need to learn to recognize trends. For training, first, I had to know what technical analysisð and its benefits are.
There was a moment something caught my eyesð when I was surfingðââïļ on a website called âTradingview,â and I opened the post to see what technical analysis is.ð
During my trading, I learned three types of marketsð. BullishðĒ, Bearishðī & Range marketð.
TigerðŊ: Whoo Whoo Whoooooo! I liked the name of the Bullish trendðĒ. Can we start from that first? What is a Bullish trendðĒ?
The Wise OwlðĶ showed TigerðŊ a chart from the book that was with him and said:
Dear TigerðŊ, to find a BullishðĒ marketð, you must first draw a trendline like a dynamic support trend line.
Do you remember dynamic support and resistance lines? If you don't know these lines, it is better to read the story of Princessðļ SnowâïļWhite Chart and Trader Dwarfs before hearing the story of the marketð types.ð
By the way, the BullishðĒ marketð is very similar to TigerðŊ. In the Bullish ðĒtrend, buyers are happy and positive emotions are seen in the marketð atmosphere.
There are more buyers than sellers. That is, buyers hope for the growth of a stock.
In the Bullish trendðĒ, you must be fast, so that you donât lose opportunities.
As you can see in the chart, the price inflates more like a balloonð. It goes Higher High (HH)every time and forms a Higher Low(HL)ðŧ than the previous one.
But no Bullish trendðĒ is permanent.
The marketð will experience a crash eventually. So you have to be smart because shopping will only sometimes be profitable. You will get bloody candles if you wait to buy them in time.
The Wise Owl ðĶ continued: The Bullish marketð has conditions that I will explain based on my experience:
- Each Low should be at least one step higher than the previous one and make a Higher Low(HL) like the TigerðŊ.
- Usually, each Highðŧ is formed one step Higher High(HH) than the previous one.
- Preferably, when the price rises above a Highðŧ, it is better not to return below it.
This type of trend is called a Bullish marketð because when the bullsðĒ want to attack, they raise their horns from the bottom to the top. And the buyers increase the stock higher and higher by buying.
Christopher Robin asked: What if Higher High(HH) doesnât touch the previous Highðŧ?
The Wise OwlðĶ said: This is a sign of a strong Bullish trendðĒ. If you see such an event, prepare your dollars for shopping. Does anyone have any other questions?
Eeyore said: What is the trend of Bearishðī? Why is it named like this?
Wise OwlðĶ: How interesting that Eeyore himself asked this question because the Bearish trendðī is exactly like Eeyore. Ivor John has some negative feelings about him.
Shareholders also feel disappointmentðĐ and fearðą in the trend. Because of this, the number of buyers decreases, and the number of sellers increases.
Candles turn red like rosesðđ; the more sellers there are, the bigger this red flower gardenðĄ will be.
Highs and Lowsðŧ form one after the other lowerâŽïļ and lowerâŽïļ.
In a downward trendðŧ, if you are in a one-sided marketð, you should sell your shares, but if the marketð is two-sided, you can present yourself for a sell/short position.
In this trend, negative emotions may dominate the marketð, but sellers will be happy.
Like the upward trend, the downward trend also has its conditions. Can you guess them before I say them?
Po said: Ah, in the growth trend, each Highðŧ should be formed lowerâŽïļ than the previous High(LH)ðŧ, and each Low should be formed below the previous one(LL).
On the other hand, if the price falls below a Low in the downward trend, it is better not to return above that Low.
The Wise OwlðĶ: It was great, Poohð§ļ. Now let's take a look at this Bearish trendðī chart.
As you can see, there is no news of going up(HH)ðš in downward trendsðŧ. Instead, we see Lower Lows(LL) and Lower Highs(LH).
But the marketð is only sometimes bullishðĒ or consistently bearishðī. Does anyone remember the name of the third type of marketð that I mentioned?
Piglet answered with a bit of stress: Ummm, I think it was Range Marketð.
Wise OwlðĶ: Hohohoho, you are right, Piglet. But don't be afraid and don't stress because this marketð has no particular trend.
If you looked at the chart and could not find an upwardðš or downward trendðŧ, the sea marketð is tame, and no waves move the candles upðš or downðŧ.
The number of buyers and sellers in the Range marketð is almost equal. In the marketð, Range traders are like piglets.
A group of them have hope for stocks and buy with confidence, and another group is still afraid, like piglets, and thinks that the value of their shares may decrease. So they sell it.
Neither bearsðī or bullsðĒ win in the Range marketð because they need more trading volume to pull the marketð in the same direction and form a strong upðš or downðŧ movement.
In the marketð, the price range is involved in two Ranges: buy or demand Range and sell or supply Range.
The support zone pushes the price upwardsðš in the buying Range, but the resistance one does not allow the price to advance.
Therefore, the price is passed between these Ranges like a yo-yo until one of the parties enters more volume and breaks this price compression. The head will run away from one side when the price is done.
As you can see in the picture, finally, the sellers ran away from the price :) And the bearsðī won over the bullsðĒ.
Rabbit: I have heard that most financial markets are Range, and itâs more difficult to trade in this type of market. By the way, I don't want to rush, but I guess it's time to tell us the use of all this information.
The Wise OwlðĶ laughed and replied: "Hey, you didn't rush. Now that you are familiar with different types of marketsð, it is time to learn how to trade in these marketsð."
You must first draw trendlines in trending marketsð to get a general view of the chosen stockð. Then you can take a position in the direction of the trend.
Be sure to remember that youâre entering at the right points. Take your time, because waiting is a flower that doesnât grow in everyone's garden.
The owlðĶ opened a new page and showed a downward trendðŧ, which later turned into an upward trendðš. OwlðĶ continued:
As you can see from the chart below, the price is caught under the bears' claws, and the marketð is bearishðī. It has formed Lower Lows(LL) and Lower Highs(LH).
But after the Bullish engulfing candlestick pattern, the trend changed and turned into a BullishðĒ marketð.
If you want to learn about candlesticks and how to trade with them, you can go to the following post because I have collected how to trade with all candlestick patterns in this post.ð
As you know, the more the price collides with a trendlineð, the more valid the trendline will be. So these linesð will become valuable, like support or resistance linesð.
In this example, we learned how effective candlesticks could be in identifying or finding the end of trends.
Now it's the turn of the Range marketð, and it is possible to trade in this marketð considering the volatility of the trend.
In the Range marketð, as I said, the price is like a small fishð stuck in a fast Eeyore.
The flow of waterð§ and the flow of buyers and sellers move this fishð into the Eeyore bedð.
As a trader, if you want to catch fishð from this water, you must wait until it approaches one of the Eeyore bedsð.
Upðš or downðŧ bed, i.e., support line or resistance line. You can buy when you see the price on the support line, and when you see it on the resistance line, it is time to sell.
Rabbit said: Haha. That is very easy. Buy low and sell high.
The wise owl laughedð and said: You are exactly right. Trading in this marketð may seem simple, but this fishð can escape anytime.
Trading in Range Marketð is like eating a sandwichðĨŠ. If you press your sandwichðĨŠ too much, the fillings of the sandwichðĨŠ maybe spilled out from the top or bottom.
Everyone heard the sound of Po's stomach and laughedð. Po said: We have been walking for a long time, and I also ate my honeyðŊ on the way. How much is left?
Christopher Robin looked around with his cameraðļ and said we're finally there. I can see the lightsðĄ of Trading Waveð LandðĄ.
The Wise OwlðĶ continued: Now, knowing the types of marketsð, you can learn more than technical analysis in this land.
All of them went to the land of Trading Waveð, happyð that they got good information along the wayðĢ by heaRange about the experiences of the wise owl.
If you want to learn how to trade well like the people of this landðĄ, practice today's tips and join me every week because I have many stories to tell about this marketð.
This landðĄ is full of traders who lost their capitalðļ and became disappointedð without carefulness and practice. If you don't want to be one of them, remember to manage your capitalðļ and training.
I hope you are always healthy and prosperousð.
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