What is major pattern?
by PRASHANT SHAH -
Differentiation between Fresh and Continuation signals is important irrespective of trading methodology. We discussed a basic P&F pattern trading method in the previous chapter. Like any other price-following method, period of Sideways or horizontal trend generate whipsaws with this method as well, but it is comparatively less, for reasons we discussed in the earlier chapter. ... Read more
Triple Top – Triple Bottom Pattern
by PRASHANT SHAH -
If high box-price of two consecutive columns of ‘X’ happens to be at the same level from which column has turned to ‘O’, then it becomes a strong resistance area. It displays strong supply area because three-box reversal has been produced from the same level twice. Similarly, if low box-price of two consecutive columns of ... Read more
Trap Pattern
by PRASHANT SHAH -
Trap Trap should be a familiar word to market participants. We fall prey to it often. Getting trapped can be simply defined as getting stuck in a trade that has moved against the entry. Double Top Buy is a bullish swing breakout formation. A column of ‘O’ may occur after such breakout which represents correction, ... Read more
