$PEPE BULLISH Bump and run
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PEPE
Timeframe: 1 hr
1 week price prediction?
ExpectingPEPE to break $0.000007 and run up to $0.000007356 where it will retrace likely down to $0.000006555 which is where i will be going long again all the way up to $0.00000825
Make sure to like and follow for more content!
The bump and run reversal pattern (BARR), discovered by Thomas Bulkowski, is a chart pattern that occurs when there is a sharp rise or fall in the price of an asset due to excessive speculation and volume spike. This pattern consists of three distinct phases:
Lead-In: During this phase, the price trend experiences a sustained period of appreciation. It sets the stage for the subsequent pattern formation.
Bump: The bump occurs when there is a relatively large and impulsive move in the price. In a bearish bump and run pattern, this move is upward, creating a noticeable “bump” on the chart. Conversely, in a bullish bump and run pattern, the move is downward.
Run: Following the bump, the price action reverses rapidly, breaking its trend line. This sharp reversal is referred to as the “run” component of the pattern.
Here are five tips to confirm and trade the bump and run chart pattern:
Angle of the General Trend: Identify a trending stock with an inclination between 30 and 45 degrees on the chart.
Angle of the Bump: The bump should be steeper, reflecting an impulse move. A valid bump typically has an inclination between 45 and 60 degrees on the chart.
Trading Volumes: Pay attention to trading volumes. Adequate volumes are crucial for validating the bump and run formation.
Remember that the bump and run pattern is rare, especially on larger time frames like the daily chart. However, if you spot it, it can provide profitable trading opportunities. Whether you’re trading stocks, commodities, or currencies, understanding this pattern can enhance your technical analysis skills. 📈📉
Thanks, Liquidmex
PEPE Timeframe: 1 hr
1 week price prediction?
Expecting
PEPE to break $0.000007 and run up to $0.000007356 where it will retrace likely down to $0.000006555 which is where i will be going long again all the way up to $0.00000825Make sure to like and follow for more content!
The bump and run reversal pattern (BARR), discovered by Thomas Bulkowski, is a chart pattern that occurs when there is a sharp rise or fall in the price of an asset due to excessive speculation and volume spike. This pattern consists of three distinct phases:
Lead-In: During this phase, the price trend experiences a sustained period of appreciation. It sets the stage for the subsequent pattern formation.
Bump: The bump occurs when there is a relatively large and impulsive move in the price. In a bearish bump and run pattern, this move is upward, creating a noticeable “bump” on the chart. Conversely, in a bullish bump and run pattern, the move is downward.
Run: Following the bump, the price action reverses rapidly, breaking its trend line. This sharp reversal is referred to as the “run” component of the pattern.
Here are five tips to confirm and trade the bump and run chart pattern:
Angle of the General Trend: Identify a trending stock with an inclination between 30 and 45 degrees on the chart.
Angle of the Bump: The bump should be steeper, reflecting an impulse move. A valid bump typically has an inclination between 45 and 60 degrees on the chart.
Trading Volumes: Pay attention to trading volumes. Adequate volumes are crucial for validating the bump and run formation.
Remember that the bump and run pattern is rare, especially on larger time frames like the daily chart. However, if you spot it, it can provide profitable trading opportunities. Whether you’re trading stocks, commodities, or currencies, understanding this pattern can enhance your technical analysis skills. 📈📉
Thanks, Liquidmex
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