BULLISH FLAG PRICE ACTION This chart pattern starts forming with bulls already in control of the exchange rate's sharp uptrend. When bears enter the market, trading is contained briefly in a down-sloped range. Bulls then break that range's upper resistance, and the exchange rate continues its uptrend. Let's break down the pattern formation! A sharp upwards...
HEAD AND SHOULDERS PRICE ACTION This chart pattern starts forming with bulls already in control of the exchange rate's uptrend. As bears enter the market, they are tested by the bulls at three different occasions, the first and third ones are around the same rate, and the second one being the strongest push performed by the bulls. After the third bears'...
DOUBLE TOP PRICE ACTION This chart pattern starts forming with bulls already in control of the exchange rate's uptrend. Bears make a stand at a certain rate that will be tested exactly twice before they are finally able to reverse direction, and the exchange rate starts a downtrend. Let's break down the pattern formation! In an uptrend, price action finds the...
RISING WEDGE PRICE ACTION This chart pattern can be formed after either an uptrend or a downtrend. Bulls make the first move by creating a resistance and pushing the exchange rate upwards. As bears try to fight back, it looks like the bulls have the upper hand as higher lows and higher highs are being formed. However, bears suddenly start a downtrend by breaking...
DOUBLE BOTTOM PRICE ACTION This chart pattern starts forming with bears already in control of the exchange rate's downtrend. Bulls make a stand at a certain rate that will be tested exactly twice before they are finally able to reverse direction, and the exchange rate starts an uptrend. Let's break down the pattern formation! In a downtrend, price action finds...
RISING WEDGE PRICE ACTION This chart pattern can be formed after either an uptrend or a downtrend. Bulls make the first move by creating a resistance and pushing the exchange rate upwards. As bears try to fight back, it looks like the bulls have the upper hand as higher lows and higher highs are being formed. However, bears suddenly start a downtrend by breaking...
BULLISH FLAG PRICE ACTION This chart pattern starts forming with bulls already in control of the exchange rate's sharp uptrend. When bears enter the market, trading is contained briefly in a down-sloped range. Bulls then break that range's upper resistance, and the exchange rate continues its uptrend. Let's break down the pattern formation! A sharp upwards...
HEAD AND SHOULDERS PRICE ACTION This chart pattern starts forming with bulls already in control of the exchange rate's uptrend. As bears enter the market, they are tested by the bulls at three different occasions, the first and third ones are around the same rate, and the second one being the strongest push performed by the bulls. After the third bears'...
BEARISH SYMMETRICAL TRIANGLE PRICE ACTION This chart pattern starts forming with bears already in control of the exchange rate's downtrend. Then both bulls and bears try to squeeze on each other by creating higher lows and lower highs respectively, till the bears finally break the triangle's lower border created by the bulls, and the exchange rate continues its...
BULLISH SYMMETRICAL TRIANGLE PRICE ACTION This chart pattern starts forming with bulls already in control of the exchange rate's uptrend. Then both bears and bulls try to squeeze on each other by creating lower highs and higher lows respectively, till the bulls finally break the triangle's upper border created by the bears, and the exchange rate continues its...
Entry: after breaking the triangle's lower border at point (5), either with an entry after the breakout, or after a possible retest of the lower border's breakout rate. Take profit: identified by measuring the vertical distance between the first resistance (1) and the first support (2), that measurement is then applied from the breakout rate (5) Stop loss: can...
Entry: after breaking the triangle's upper border at point (5), either with an entry after the breakout, or after a possible retest of the upper border's breakout rate. Take profit: identified by measuring the vertical distance between the first resistance (1) and the first support (2), that measurement is then applied from the breakout rate (5) Stop loss: can...
Entry: after breaking the wedge's lower border at point (5), either with an entry after the breakout, or after a possible retest of the lower border's breakout rate. Take profit: identified by measuring the vertical distance between the first resistance (1) and the first support (2), that measurement is then applied from the breakout rate (5) Stop loss: can...
Entry: after breaking the triangle's lower border at point (5), either with an entry after the breakout, or after a possible retest of the lower border's breakout rate. Take profit: identified by measuring the vertical distance between the first resistance (1) and the first support (2), that measurement is then applied from the breakout rate (5) Stop loss: can...
Entry: after breaking the triangle's upper border at point (5), either with an entry after the breakout, or after a possible retest of the upper border. Take profit: identified by measuring the vertical distance between the triangle's upper border and the first support (2), that measurement is then applied from the breakout rate (5) Stop loss: can either be the...
Entry: after breaking the triangle's upper border at point (5), either with an entry after the breakout, or after a possible retest of the upper border. Take profit: identified by measuring the vertical distance between the triangle's upper border and the first support (2), that measurement is then applied from the breakout rate (5) Stop loss: can either be the...
Entry: after breaking the triangle's upper border at point (5), either with an entry after the breakout, or after a possible retest of the upper border. Take profit: identified by measuring the vertical distance between the triangle's upper border and the first support (2), that measurement is then applied from the breakout rate (5) Stop loss: can either be the...
What is Channel Pattern Trading? Price channel Continuation pattern is a combination of two lines. These two lines are parallel to each other and they compose a channel when placed on the price chart. The upper line of the channel represents the Resistance line while lower one acts as a support line. When the direction of price channel is in the upward...