1° target at 2.77$ 2° target at 3.24$ at golden pocket
How to Trade the Pattern It's important that traders wait for the pattern to complete. This is so because a pattern may not develop at all or a partially developed pattern may not complete in the future. Partial or nearly completed patterns should be watched, but no trades should be made until the pattern breaks the neckline. In the head and shoulders pattern, we...
discending triangle and pitchfork and golden pocket
finaly kdj indicator say we entered on bullish rally
start the trade at bottom breakout the target is the height of the diamond
Statistics of the descending broadening wedge after a bullish movement - In 79% of cases, the exit is bullish. - In 23% of cases, a descending broadening wedge occurs in a consolidation movement. - In 81% of cases, the pattern's price objective is achieved when the resistance line is broken. - In 40% of cases, the price makes a pullback in support on the...
on short terms swing trade there is a chance to head and shoulders pattern. So it's berish pattern but in medium term and long therm it's still bullish rally. If you want take some profit and set limit buy order on fibonacci retracement level. No risk of catch falling knives on short term with low leverage below 10x. Good Luck
set Limit Buy Orders at this levels they are very good entry points
Cup and handle formation 1 wait the formation of the handle 2 entry at the breaout of the neckline Max target 53000$ Agressive stop loss below the handle Conservative stop loss below the median red line of the pitchfork.
Wait new comermation candle, but i'm sure that will be a new strong bullish rally
Wait the confermation of the handle, the buy and set the stop loss below the handle. at 42000$ there is a hard resistence to ATH , so my strategy is close long position for 50% good luck forextraininggroup.com
Trading Tactic Explanation -Measure rule: Prices should rise to the top of the formation, at a minimum. -Buy after breakout: Since prices are trending down, it is best to wait for the upside breakout before buying. -Buy after throwback: If you miss the breakout and still want the stock, buy after a throwback or add to your position after a throwback once prices...