Hi Traders!
We have spotted a potential support break opportunity on the Silver 1D chart. The price action suggests that the market may want to go down to test further levels below. After a double top resistance at 26.129, there was a pullback into a price channel break, and then the market found support at 22.117. There was then a falling three methods candle...
Hey guys!
As you can see on the Daily Chart of Bitcoin (BTC). There has been Falling Three Method patterns
Now, what is a Falling Three Method?
Falling Three Methods is a five-candle bearish pattern that signifies a continuation of an existing downtrend. The first candle is long and red, followed by short green candles with bodies inside the range of the first...
Falling Three Methods: Important Results
Theoretical performance: Bearish continuation
Tested performance: Bearish continuation 71% of the time
Frequency rank: 91
Overall performance rank: 89
Best percentage meeting price target: 40% (bull market, down breakout)
Best average move in 10 days: 4.58% (bull market, up breakout)
Best 10-day performance rank: 20 (bull...
We recently reversed from and hourly Crab and now we are looking at a falling three methods daily continuation pattern while it's below the 55 day moving average.
