The first thing to look for when identifying the Bat pattern is the impulsive leg or the XA leg. We’re looking for a strong move up or down depending if we either have a bullish or a bearish Bat structure.
The next thing that needs to be satisfied for a valid Bat pattern structure is a minimum 0.382 Fibonacci retracement of the XA leg and it can go as deep as...
Good morning traders! Today we will make an educational post about something that generates many doubts in many people:
That is, what are the tools that I should use to trade correctly? Do I need indicators? do I need extremely complex strategies? The answer is DEPENDS.
Why does it depend? It depends because there are many ways to see and trade the market,...
Today we have another Academy Post. In this article, we will explain the way we trade pennant patterns on a real setup.
FIRST STEP: Understand the context
-In this case, we have the price inside an ascending channel (that provide us a bullish direction)
-The price is at All-time Highs ( Next Resistance zone, the upper trendline of the channel)
-The price is...
In this screencast I look at GOOGLE which is Alphabet, Apple, Netflix, Nvidia. The picture of meltdown is serious. Google is at a key level of congestion which could break down.
Overall the technology sector stocks which dominate Wall Street and other indices across the world could cause a domino effect.
