UnknownUnicorn3931771

UnknownUnicorn3931771

Head-and-shoulders bottoms are reliable chart patterns that sport a low failure rate and good average rise. Price trend downward leading to the pattern, the shape looks more like a 3-valley pattern with the middle valley below the others. The pattern should look like an inverted person's head and shoulders, proportional, and not lopsided. The two shoulders should...

UnknownUnicorn3931771

Like they say the pennant flag pattern (bearish or bullish) is the workhorses of the day trader. The flagpole which leads to the pennant should be unusually steep. The performance depends on a strong price trend leading to the pennant. The flag looks more like a short symmetrical triangle, more to that is A loose pennant performs more better in a bear market. The...

UnknownUnicorn3931771

THE BEARISH PENNANT FLAG PATTERN Pennants are the workhorses of the day trader. They perform an invaluable service by marking the midway point in a move. However, if a pennant is not accompanied by a flagpole, then it's not a pennant. Also, performance depends on a strong price trend leading to the pennant. Price trend can be any direction leading to the chart...

UnknownUnicorn3931771

XRPUSD has gradually maintained its price move below the $0.40579. On the 4hours time frame price has move horizontally without breaking the resistance mentioned above and at the same time has formed a chart pattern called THE HEAD&SHOULDER BOTTOM. Head-and-shoulders bottoms are reliable chart patterns that sport a low failure rate and good average rise. Price...

UnknownUnicorn3931771

The bearish shark pattern is one type of the harmonic chart pattern. The Harmonic Shark Pattern has some similarities with the Crab harmonic pattern. The harmonic chart patterns(bearish and bullish) are more complex because it deals with the use of the fibonacci retracement and extention ratios. The following below are the steps that needs to be followed: 0 -...

UnknownUnicorn3931771

As btc has started its uptrend with more and more bullish chart pattern being found on different time frame, is has gradually found a new support. On the 45mins time frame, price has move up forming 2 different bullish price move. THE BULLISH HIDDEN DIVERGENCE AND THE ASCEDNING BROADENING WEDGE chart pattern. THE BULLISH HIDDEN DIVERGENCE Divergence occurs when an...