I said a time back I’ll will be starting a few series 1. On how to become successful I started the first in that explained. risk management as it’s different from the typical 2 correction miseducation which been a powerful series! 3. More recently market patterns
The first one in this series was on the hammer it’s recent you can find it easy
2. Was going to be a reversal pattern based on candles the work up is done I’ll post is later as i know many ppl are getting stop on audusd and nzdusd so look out for that!
Here this will be # 2
As it’s a top reversal pattern. Consist of three points in a range from an uptrend
It looks like a dog with two ears and a lower high as a tail for reference as h3
H1 and h2 forms an ascending arc or necktie connecting the two.
So it’s a double top variant. As only double top reverse markets. The necktie in this pattern is very choppy and show price struggling to gain a high here you can sale with a tight sl or wait for the tail to form
The tail is the final rejection it usually have a doji or engulfing.
The last confirmation or the last time to enter the pattern is at the tail tip
Here you’ll see bear candles with momentum and a final attempt to buy by the bulls which fails and turns into a pullback and order block zone in the circle
I’d traded this pattern and my team many times so if it bust here I know someone is trolling trading view 😂
HOW TO TRADE LIKE THEM-
The first one in this series was on the hammer it’s recent you can find it easy
2. Was going to be a reversal pattern based on candles the work up is done I’ll post is later as i know many ppl are getting stop on audusd and nzdusd so look out for that!
Here this will be # 2
As it’s a top reversal pattern. Consist of three points in a range from an uptrend
It looks like a dog with two ears and a lower high as a tail for reference as h3
H1 and h2 forms an ascending arc or necktie connecting the two.
So it’s a double top variant. As only double top reverse markets. The necktie in this pattern is very choppy and show price struggling to gain a high here you can sale with a tight sl or wait for the tail to form
The tail is the final rejection it usually have a doji or engulfing.
The last confirmation or the last time to enter the pattern is at the tail tip
Here you’ll see bear candles with momentum and a final attempt to buy by the bulls which fails and turns into a pullback and order block zone in the circle
I’d traded this pattern and my team many times so if it bust here I know someone is trolling trading view 😂
HOW TO TRADE LIKE THEM-
