Patterns of possible market correction or reversal 😎Trend reversal or correction chart patterns announce a reversal of the current trend on the observed chart. The output of the figure is made, theoretically, in the opposite direction to the movement that precedes the formation of the pattern. In an uptrend, a reversal pattern indicates a bearish move. On the contrary, in a downtrend, it announces an upward movement.
It works in all temporalities but, the longer the temporality of the candles, the better the pattern will do and the more effective
Basicpattern
Identifying Bullish Shoulder Head and Shoulder pattern in GDAs part of trading basic exercises, I could identify a reversion bullish shoulder-head-shoulder pattern in General Dinamycs shares.
NZDCAD CHANNELI see a channel right here, successfully shorted the prior high, now i expect to do the same OR if it breaks, wait to confirmation and enter long, i'm neutral because i'm waiting for a confirmation.
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