A primer on what I believe to be the most profitable pattern in trading.
1) It has tons of historical data and statistics proving its worth.
2) It includes confirmation (waiting for a re-rest of the neckline for entry)
3) It can be used as both trend and counter trend
In the image above (a trade I'm involved in currently at 300+ pips) we have a triple bottom followed by a retest of the neckline. This is your long entry signal. Stops can be below a 786 Fib level for the risk averse , or below the triple bottom origin point for the riskier.
I am going to only post this setup from now on, follow me and let's see how we perform. I will stick to the 1H and 4H timeframes.
1) It has tons of historical data and statistics proving its worth.
2) It includes confirmation (waiting for a re-rest of the neckline for entry)
3) It can be used as both trend and counter trend
In the image above (a trade I'm involved in currently at 300+ pips) we have a triple bottom followed by a retest of the neckline. This is your long entry signal. Stops can be below a 786 Fib level for the risk averse , or below the triple bottom origin point for the riskier.
I am going to only post this setup from now on, follow me and let's see how we perform. I will stick to the 1H and 4H timeframes.
Discord/Indicators:
launchpass.com/jupiter/babylonians
launchpass.com/jupiter/babylonians