Most powerfull candlestick pattern Pulse Pin Scalping Strategy Greetings, traders! 📈 Excited to share with you my latest discovery - the Pulse Pin Pattern! 🕯️✨ This three-candlestick formation is a powerful tool for identifying potential trend reversals or continuation. Let's dive into the details for both bullish and bearish scenarios.
Bullish Pulse Pin Pattern:
In the bullish case, keep an eye out for the following conditions:
Candle 2 Breaks Below Candle 1: Ensure that the second candle breaks and closes below the first candle.
Candle 3 Breaks High of Candle 1: The third candle must break the high of the first candle and close with its body above it.
When these conditions are met, it signals a potential bullish setup. Seize the opportunity by opening a buy trade and setting your stop-loss below the low of candle 2. Aim for a target that is twice the risk for a rewarding risk-reward ratio.
Bearish Pulse Pin Pattern:
Conversely, for the bearish case, watch for the following criteria:
Candle 2 Breaks Above Candle 1: Confirm that the second candle breaks and closes above the first candle.
Candle 3 Breaks Low of Candle 1: The third candle should break the low of the first candle and close with its body below it.
Once these conditions align, it indicates a potential bearish Setup. Capitalize on this by initiating a sell trade and setting your stop-loss above the high of candle 2. Target a gain that is twice the risk for a favorable risk-reward ratio.
Remember, always conduct thorough analysis and risk management before executing any trades. Happy trading! 💹🚀 #PulsePinPattern #TechnicalAnalysis #TradingView #TradeSmart #AHTConcepts
