In this video:
* How to spot and draw a broadening wedge pattern.
* What constitutes an official broadening wedge pattern.
* Is the pattern bullish or bearish?
* What is the probability of breaking down vs. moving further up?
* How to measure target down and how to measure target up?
* Other notes to make on how to trade.
In this analysis, I'll be providing an in-depth analysis on LendingTree, as well as an explanation on megaphone patterns and its bullish upside.
What is LendingTree Inc.?
Lendingtree (TREE) is a company that offers a platform for borrowers and multiple lenders, offering the opportunity for its users to find the best possible deal on their loans.
Business...
Will it prove to be a false downside breakout? If it proves to break to upside that would mean there is significant upside left in this market. I think this is unlikely, higher probability of continuing the break to the downside and right now we are just backtesting.
REMEMBER: THE GOAL OF THE MARKET IS TO FOOL AS MANY TRADERS AS POSSIBLE (MAKE EVERYONE THINK WE...
This pattern is very simple to trade and often it has a good R/R Ratio....
A SIMPLE EXAMPLE:
(Click and Play)
R/R RATIO
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Thank you for support and trade with care!
