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.
Is usually associated with topping out highs, buyers exhaustion. It can be a reversal formation
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.
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