Big M Identification Guidelines Price trend Upward leading to the pattern. Shape A big M shape with twin peaks and tall sides. Reversal pattern Look for a double top reversal pattern at the top of the big M. Tall sides The double top should have twin peaks with highs less than 4% apart. Drop between tops The drop between the peaks of the double top is 10% to 20%...
Are we looking at Island reversal...wait, watch and play
Guess work is not good for account's health :)
This is only study not a trade recomendation
Please don't trade on my views... Check your Trading Plan
my study explained in chart. Please don't trade on my views alone.
OOPS Sell a) If you are watching daily charts, the first condition is that there has to be a SUSTAINED Uptrend for a few trading sessions.I mean few white Candles on daily Charts b)On the last day of uptrend when the Oops sell occurs, there is a gap up opening, which opens well above the previous day’s high. c)During the course of trading the stock corrects and...
Will we see 440 in near term??
which will come first 560 or 460, time will tell
Disclaimer - I am not good at identifying Patterns :)
Rising Three Methods Discussion Configuration - >Look for a tall white candle followed by three small candles that trend lower but close within the high-low range of the first candle. Candles 2 and 4 are black, but day 3 can be any color. The final candle in the pattern is a tall white one that closes above the close of the first day.
Combination of Rejection Candle & Triple Top Does that mean flight needs to land and refuel????
PIN BAR / Rejection Candle topic for study