Dear Reader,
As I was reading charts, I came across this head and shoulders pattern. This pattern is highly respected and valued among traders.
As addition to the Pattern the MACD is crossing the signal line, giving an indication of bearish momentum. The Price seems in an stable (as the RSI indicator shows)position and has room to move. I am excited to see if my...
Dear Reader,
As you can see This is a chart pattern also known as the "Descending Triangle. Now, what could we extract from this technical analysis pattern.
Before we dive into that, I find it important for you to understand how I build a strong foundation for my suspicion the become a confident prediction.
First . As you can see, There is a Purple horizontal...
Dear reader,
Using the support and resistance of previous swing high and lows I made a trend Channel by combining resistance and support trend lines. Now, if the chart pattern continues bouncing of the support and resistance key levels of influence, this could be capitalized on by going short when near resistance level (Top Purple Line) and set a take profit...
