In the world of technical analysis, patterns often provide valuable insights into potential market movements. One such pattern, the bearish flag, is a vital tool for traders seeking to identify and capitalize on bearish trends. In this comprehensive guide, we'll explore the bearish flag pattern, uncovering its characteristics, formation, and implications. With...
One of the users following me asked a really good question.
Thanks @Manu45e for this one. Its actually a really important thing to know about.
This will help you understand when a pullback is over and its time for a continuation trade.
1. Wait for HTF Volume to cross down below the ZERO level
2. Wait for Volume to turn BLUE while still below ZERO
3. Wait for...
Hello everyone, as we all know the market action discounts everything :)
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NOTE: some pattern could be reversal and continuation patterns depending if its in an uptrend or downtrend.
Today's video will be about the Candlestick Chart :...
2 Types of Chart Pattern are Continuation Pattern and Reversal Pattern as show in the chart.
Continuation Pattern
1. Symmetrical Triangle
2. Triangle
Reversal Pattern
1. Ending Diagonal
2. Expanding Diagonal (Broadening)
3. Channel
For best practices, draw channel and then adjust the 2nd line to confirm either triangle or diagonal.
Example Up trend :...
Symmetrical Triangle spotted on GBPJPY. Long entry on break of pattern.
You can find these Patterns across all charts. Mark out your areas of interest and monitor Price Action!
Hi, friends! Let's keep learning?😉
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🐂Bull flag🐂
The principle of bullish flag trading, like all technical analysis figures, is the same - a breakout of the control point is required. As soon as a breakdown has...
This is a perfect example of a Continuation Flag (CF) That was taken last month.
Although each pair that we trade has a slight variation to how it forms a CF.
The fundamental parts of each set up is exactly the same.
Good afternoon.
Today we are looking at another chart pattern
RISING AND FALLING WEDGES .
Let’s get on it.
Wedges can either be continuation or reversal patterns.
Just to refresh your memory, continuation patterns are formations that show side way price action, signalling a temporary pause in the trend; whereas reversal patterns indicate a change in the...
#BTC is showing a bullish Flag Pattern on 1D , which includes -as we know-
- The flag pole
- The flag
- The continuation
The Flag pole, starting from the bottom at 6875 which represent a major support and was a big price bounce from it, ends at 10427 the Highest price in this trend.
the flag was formed after the correction starting from the previous...
