Directional Bias: Bullish Pattern Type: Non-Directional This pattern is comprised of three phases and looks a bit simular to a frying pan. There is the Lead-in Phase, the Bump Phase and the Uphill Run. The lead-in phase is the handle of the frying pan before a larger decline. Following the decline, The bump phase forms as the price forms a flat or rounded bottom....
Arithmetically simple. The day price reaches this levels we add 2 zeros to the money invested a couple of days ago. From 100 to 10000
FUN MATH FACT A Simple LinReg curve could be used to calculate from TradingViews linreg function, quite simple both Arithmetic (Simple) Moving Average if we take as plotting point HALF OFFSET BACK from study periods (Periods/2). This also happens for the Weighted Moving Average if we took A THIRD OFFSET BACK from study periods (Periods/3). CHEERS!
ENTRY DETAILS: PAIR: GBPNZD ORDER: SELL ENTRY : 1.82725 STOP LOSS: 1.85024 TAKE PROFIT : 1.79384 R:R = 1:1