Inverted Head and Shoulders: WATCH volumes when the neckline breaks!! Here is what we can say about the success rate of the inverted head and shoulders pattern in trading: -The inverted head and shoulders pattern is considered one of the most reliable chart patterns to anticipate a bullish reversal. -According to some sources, the success rate of this pattern...
The “Fan Principle” is a powerful technique in trading, using trendlines to predict price movements. Highlights 📈 Powerful Technique: The Fan Principle is formidable in technical analysis. 📉 Identifying Points: Drawing trendlines from three key points. 🔴 Trading Signals: Buy or sell signals can be identified depending on the pattern. 📊 Practical Examples:...
ASCENDING TRIANGLE: Identify the levels where the price has often closed and opened (black line). The price is making higher and higher lows. Draw a bullish diagonal. Take Profit is calculated by plotting the lowest increase on the black line (see graph). Report this segment to the BREAK of the black line, but ESPECIALLY to the CLOSING of the candle in its time...