Shapes and Formations
Price action (if not all occasions) is usually part of a micro or macro formation and the earlier you detect the structure, the better the entrance level for the trade. However its not so easy as a shape can be a subjective and hence
a subset of a bigger formation. Therefore its important that you look at a chart from many angles or perspectives.
How to trade them:
What helps confirm the formation is a strategy > there are rules or requirements for that shape for a trade, which is basically reducing risk and increasing your probability. For our subscribers we provide a checklist to
assist you to confirm these formations. Access to this information is the “read more” button.
Rising Wedge
Is usually associated with topping out highs, buyers exhaustion. It can be a reversal formation or the 1st stage of re-accumulation. The trick to trading this is based on its context to the rest of the chart and what the indicators say.
Descending Triangles
Can be a reversal formation or a continuation like all triangles. The trick to trading this is based on its context to the rest of the chart and what the indicators say.
Triangles
Triangles are corrective waves and they can be continuation or reversal formation like all formations. The trick to trading these is based on its context to the rest of the chart and what the indicators say.
Ascending Broadening Wedge
Is usually associated with topping out highs, buyers exhaustion. It can be a reversal formation
Falling Wedge
Can be a reversal formation or a continuation like all triangles. The trick to trading this is based on its context to the rest of the chart and what the indicators say.
Ascending Triangles
Can be a reversal formation or a continuation like all triangles. The trick to trading this is based on its context to the rest of the chart and what the indicators say.
Symmetrical Reversal Triangles
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Ascending Fake Out Triangles
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Head & Shoulders Tops
2 types of Head and Shoulders, standard and complex. Once identified, the trade setup becomes high reward with predictable results.
Ascending Broadening Wedge
6 types of Broadening Wedge patterns each providing a good risk to reward potential trade setup.
Chart Patterns
to be provided
Triangle
Continuation pattern
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Continuation pattern
Head and Shoulder
Reversal pattern
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Continuation pattern