Since the inverse head and shoulders are a bottoming pattern when it completes, you should focus on buying or taking long positions (owning the stock). The pattern completes when the asset's price rallies above the pattern's neckline or breaks through the resistance line. How I like to trade: As you can see on UNIUSD, we have a clear Inverse Head and Shoulders...
A symmetrical triangle occurs when the up and down movements of an assets price are confined to a smaller and smaller area over time. A move up isn't quite as high as the last move up, and a move down doesn't quite reach as low as the last move down. The price moves are creating lower swing highs and lower swing lows. XRP is showing a fantastic breakout to the...
Bullish flag formations are found in stocks with strong uptrends and are considered good continuation patterns. What makes this Bull Flag a strong continuation signal is the fact that it had a 3 Inside Red Candles (Oct 30, Oct 31, Nov 1). Bull Flags are 67% reliable and with the 3 Inside Red Candles Continuation Candlestick Pattern, this makes a perfect setup...
A falling wedge is formed by two converging trend lines when the stock’s prices have been falling for a certain period. Before the line converges the buyers come into the market and as the result, the decline in prices begins to lose its momentum. This results in the breaking of the prices from the upper trend line. As shown on the chart of #ADA, we have a...
Traditionally, you would trade the inverse head and shoulders by entering a long position when the price moves above the neckline. You would also place a stop-loss order (trade stop at a set point) below the right shoulder's low point. There are 2 entry possibilities, 1-Conservative Entry is at the break of the Neckline 2-Aggressive Entry is in the middle of the...
It is called a flag pattern because when you see it on a chart it looks like a flag on a pole and since we are in an uptrend it is considered a bullish flag. I sent this signal at my previous post and now that the pattern is pretty much completely, here is how i like to do: At this point the best is, i am selling 75%, moving the stoploss to breakeven and letting...
Bullish flag formations are found in stocks with strong uptrends and are considered good continuation patterns. Entry possibilities: bottom of the flag Breakout of the flag StopLoss: Below the flag Target: 50% of the pole and 90% of the pole after breakout.
The bull flag pattern is a continuation chart pattern that facilitates an extension of the uptrend. In this scenario we have a Bull Flag formed after a Morning Star Reversal Candlestick Pattern. This pattern has a 67% probability of succeeding to the upside. Entry Possibilities for a Bull Flag are: At the Bottom of the Flag At the Breakout of the Flag Take...
The bull flag pattern is a continuation chart pattern that facilitates an extension of the uptrend. In this scenario we have a Bull Flag as well as a Symmetrical triangle in which in a uptrend momentum as we see a huge spike in volume forming the Flag Pole, this pattern has a 67% probability of succeeding to the upside. Entry Possibilities for a Bull Flag are: At...
A Cup and Handle Chart Pattern It occurs when there is a price wave down, followed by a stabilizing period, followed by a rally of approximately equal size to the prior decline. It creates a U-shape, or the "cup" in our "cup and handle." The price then moves sideways or drifts downward within a channel—that forms the handle. A cup and handle chart may signal...
Another great Bull Flag trading setup on NANOUSDT 4 hrs chart. This is a great 1/3 Risk to Reward. Please support our work with like & comment! #NANO #CRYPTO #BULLFLAG #TRADINGIDEA
The bull flag pattern is a continuation chart pattern that facilitates an extension of the uptrend. Entry Possibilities for a Bull Flag are: At the Bottom of the Flag At the Breakout of the Flag Take Profit i always like to take at 50% of the measure move and at the 90%. This is a momentum pattern and more often than not, at the measured move, price will...
The double bottom pattern entails two low points forming near a similar horizontal price level and signifies a potential bullish reversal signal. A measured strengthening in price will occur between the two low points showing some support at the price lows. This chart shows fantastic opportunity of a Double Bottom forming at the very Strong Support Line. Zooming...
A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. ETHUSD 4 hrs presents a great Double Bottom opportunity. In the image above, you can see precise Entry, Targets and StopLoss. Once Target 1 is hit, it is always a good idea to move your Stop Loss to...
A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. In the Chart shown for UNIUSD, we have a great Long opportunity of a double bottom pattern where price has broken the Neckline and a great entry is on the Retest of the Neckline. StopLoss should be inside the...
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator. In this Chart of ONEUSD 4 hrs chart we see a triple top and a Divergence with the MACD indicator. A short position would be taken at the MACD Divergence Indicator Signal and a take profit at the Support line shown. The Orange Support Line also shows great...