But broadly speaking, there are three types of patterns you’ll come across. The appearance of a descending triangle in a downtrend usually indicates that the price is likely to continue moving down. Descending triangle is more often a trend continuation pattern, but it can also indicate a reversal. This means that the vital element that […]
For example, if your trading system is signaling that a triangle will break below, you can try to enter the market near the upper trend line, hoping that a break will yield higher profits and vice versa. However, unless you have ample experience trading triangles, try to refrain from applying such an aggressive strategy. In […]
Typically, you want to see volume decline at the second peak and increase when the price breaks below the neckline. This shows that the selling pressure is real and that the bearish trend is likely to continue. Price patterns occur on any charting period, whether on fast tick charts used by scalpers or yearly charts […]
It consists of a rounded bottom (cup) followed by a smaller consolidation (handle) before a potential breakout to the upside. Traders often look for the breakout above the handle’s resistance level to confirm the pattern. For example, if a cup and handle pattern appears on the AUD/USD chart, it may indicate a potential bullish move […]
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