About me+15 Years equities trader .
We are #traders .It's not about money , we seek a noble goal, we trade to have a better life for us and our families . We don't trade for fun or gambling .
We love solving puzzles and drawing #Charts .
We love numbers and #
Entry (AFTER) It break $141.77
-Take small positions until you practice
enough to play these risky setups.
-Place your orders in the system , no "mind" stop loss . this is not trading.
Descending Broadening Wedge ( Reversal pattern )
Price makes a low and rises. We then track price as it rises away from the low. We are looking for lower highs and lower lows in a tight range.
The lower highs make a falling trendline, this forms the upper boundary to our pattern. The lower lows make a lower falling trendline, this forms the lower...
Bear flag pattern
A bear flag pattern is typically discernible on a candlestick chart. It is constructed from the flag pole, which indicates the rapid decline preceding the retracement, and the flag itself represents the actual retracement.
As a trend continuation pattern, the bear flag chart is considered a trend continuation pattern. The price pattern will...
The falling wedge is a bullish pattern . Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. In general, a falling
wedge pattern is considered to be a reversal
pattern, although there are examples when it
facilitates a continuation of the same trend.
This article explains the structure of...
Cat is going for $250 with the market . +25% prospected move.
A clear new trend is forming with multiple HH's and LL's with a monthly strong uptrend, thus we have a high probability of a prospected move ahead.
Target is $250 which is the 52WH .
I closed 90% of my call position with +150% profit . I bought it the same time I posted the idea here .. Check related ideas.
$INDO Looks higher, but it needs to cool for couple of weeks before it start the bullish trend again.
It would be better for you guys to study falling wedge pattern, it's one of the best trading patterns I ever traded .