The "W" Pattern Explained
This pattern is very common when looking at the altcoins trading pairs (cryptocurrency).
It looks like a "W" and works only when a higher low is present.
The "W" Pattern Explained
As prices drop and a low is hit, we get the first push up, followed by a drop that ends it in a higher low which signals that the pattern is complete.
After the second push, we get a final retrace before prices resume up.
Note: Even if you spot this pattern, you still need a plan/strategy before you trade.
You need to have a stop-loss, in case the prices drop and a target to secure/collect profits if the pattern plays.
This is Alan Masters.
Thanks a lot for your continued support.
Namaste.
It looks like a "W" and works only when a higher low is present.
The "W" Pattern Explained
As prices drop and a low is hit, we get the first push up, followed by a drop that ends it in a higher low which signals that the pattern is complete.
After the second push, we get a final retrace before prices resume up.
Note: Even if you spot this pattern, you still need a plan/strategy before you trade.
You need to have a stop-loss, in case the prices drop and a target to secure/collect profits if the pattern plays.
This is Alan Masters.
Thanks a lot for your continued support.
Namaste.
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🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
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