The double top chart pattern is a reversal chart pattern. It can be seen in all timeframes. If often gets formed when price has moved upwards for an extended amount of time. The tops or swing highs are formed when price hits a certain resistance levels where it cannot break it to the upside. This [...]
The NR4 trading strategy is a price action trading system which is based on today's high to low price range that must be narrower than the previous 3 days. Timeframes : Preferable daily Instrument : Any Indicators : Not required Identifying the NR4 Pattern: The NR4 (Narrow Range 4) pattern is made up of four candlestick. [...]
The Inverse Head and Shoulders Chart Pattern Trading Strategy is a price action trading strategy. It is exactly the opposite of the head and shoulder chart pattern trading strategy. This chart pattern is considered a bullish reversal chart pattern. That means if we see this chart pattern in a downtrend, then it may act as [...]
The head and shoulder chart pattern is mostly seen in uptrend’s and is based on a reversal pattern, we will learn how to trade this pattern by learning to recognize this pattern when it starts to form and then trading it. This strategy is opposite of inverse head and shoulder trading strategy. What is the [...]
