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Today we are talking about <<Trend Continuation Patterns>> and <<Reversal Patterns>> of Technical Analysis ð
- this girls try to tell You more detailsð
Hope, It would be helpful for YouâĨïļ
ðBull flagð
The principle of bullish flag trading, like all technical analysis figures, is the same - a breakout of the control point is required. As soon as a breakdown has occurred, you can immediately post the target. The target in a bull flag will be the height of the pole.
There is one more feature of this figure - the canvas of the flag should be tilted against the main trend.
ðŧBear flagðŧ
For the most profitable entry, it is better to enter into a deal with a pending order. As soon as the trade is entered, the take profit is placed at the height of the pole from the breakout point of the pattern.
ðBullish pennantð
The pattern trading rules are identical to the bull flag trading rules.
ðŧBearish pennantðŧ
The trading rules are the same as for the bear flag .
ðĨHead & Shoulders PatternðĨ
After the pattern has become clearly visible, namely, the right shoulder is clearly visible, the trader needs to wait for the neckline breakout. Breakouts occur on strong impulses with a sharp increase in volume . Therefore, in order not to miss the entry and enter at the best price, it's better to use a sell stop order.
To calculate where the price will go after the breakout of the pattern, it is enough to measure the height of the pattern (vertical from the maximum of the head to the neckline) and postpone it to the breakout point.
ðĨInverted Head & Shoulders PatternðĨ
An inverted head and shoulders pattern occurs in a downtrend and heralds an uptrend. The rules for working on a figure are similar to the previous ones.
It is worth noting that the head and shoulders pattern is rarely encountered in its pure form. Be careful!
ðĨ Double Bottom Pattern ðĨ
After you have identified the pattern on the price chart, you need to wait for the breakout of its resistance line. If the price has broken through the resistance, then the target will be the width of the pattern's range - the distance from the lowest point to the resistance.
ðĨDouble Top Pattern ðĨ
A double top is similar to a double bottom . The only difference is that this pattern is reversed and occurs on uptrends.
The number of extrema in a pattern can be not only double, but also triple, and even more. But the rules of work will be identical for everyone - enter on a breakout, postpone the target to the height of the figure and wait for its execution.
ðĨDiamondðĨ
We measure the height and wait for the breakdown of the diamond. If a breakout has occurred, then the price movement target will be the height of the pattern from the breakout point.
ðĨCup & HandleðĨ
Trades are opened on the breakdown of the "handle" upwards. Target is the height of the figure.
Thanks for Your attentionððŧ
Stay in touchð§Ą
Sincerely yours Rocket BombððĢ
Today we are talking about <<Trend Continuation Patterns>> and <<Reversal Patterns>> of Technical Analysis ð
- this girls try to tell You more detailsð
Hope, It would be helpful for YouâĨïļ
ðBull flagð
The principle of bullish flag trading, like all technical analysis figures, is the same - a breakout of the control point is required. As soon as a breakdown has occurred, you can immediately post the target. The target in a bull flag will be the height of the pole.
There is one more feature of this figure - the canvas of the flag should be tilted against the main trend.
ðŧBear flagðŧ
For the most profitable entry, it is better to enter into a deal with a pending order. As soon as the trade is entered, the take profit is placed at the height of the pole from the breakout point of the pattern.
ðBullish pennantð
The pattern trading rules are identical to the bull flag trading rules.
ðŧBearish pennantðŧ
The trading rules are the same as for the bear flag .
ðĨHead & Shoulders PatternðĨ
After the pattern has become clearly visible, namely, the right shoulder is clearly visible, the trader needs to wait for the neckline breakout. Breakouts occur on strong impulses with a sharp increase in volume . Therefore, in order not to miss the entry and enter at the best price, it's better to use a sell stop order.
To calculate where the price will go after the breakout of the pattern, it is enough to measure the height of the pattern (vertical from the maximum of the head to the neckline) and postpone it to the breakout point.
ðĨInverted Head & Shoulders PatternðĨ
An inverted head and shoulders pattern occurs in a downtrend and heralds an uptrend. The rules for working on a figure are similar to the previous ones.
It is worth noting that the head and shoulders pattern is rarely encountered in its pure form. Be careful!
ðĨ Double Bottom Pattern ðĨ
After you have identified the pattern on the price chart, you need to wait for the breakout of its resistance line. If the price has broken through the resistance, then the target will be the width of the pattern's range - the distance from the lowest point to the resistance.
ðĨDouble Top Pattern ðĨ
A double top is similar to a double bottom . The only difference is that this pattern is reversed and occurs on uptrends.
The number of extrema in a pattern can be not only double, but also triple, and even more. But the rules of work will be identical for everyone - enter on a breakout, postpone the target to the height of the figure and wait for its execution.
ðĨDiamondðĨ
We measure the height and wait for the breakdown of the diamond. If a breakout has occurred, then the price movement target will be the height of the pattern from the breakout point.
ðĨCup & HandleðĨ
Trades are opened on the breakdown of the "handle" upwards. Target is the height of the figure.
Thanks for Your attentionððŧ
Stay in touchð§Ą
Sincerely yours Rocket BombððĢ
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Join me inððŧ:
ððĢ t.me/+aAADzO1OqsQ2MGI0
ð° I'm using Bybit and I highly recommend it to You. By using my link - You'll get a nice bonus
www.bybit.com/invite?ref=7X0W2A