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👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows...
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🔥 Strategy :
✣ Simple: On the D chart supply is now your demand zone
✣ Bullish pattern consolidation at the same levels with a good Risk to reward ratio is generated here too
✣ Where to trade, which TF to use, and how much to risk is told inside the video do see...
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✺✺ Target: 1000 Followers ✺✺
✣ Weekly basis " 30% fib retracement + 50dema support on Week charts
✣ Daily charts breakout of Wedge pattern and sustaining above the breakaway gap, consolidating beautifully...
When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making.
What is a falling wedge pattern? The falling wedge pattern is a continuation pattern formed when price bounces between two...