August 13, 2016

One of the best patterns to trade...

This has been my twitter pic for years and still remains one of the best patterns to trade.

Now this is a bullish pattern .. the no of black bars here can be 3,4, 5 or even more... does not matter. A slower retracement of the previous bull bar is usually bullish.


Inversion of above pattern will indicate further bearishness.

No comments:

Post a Comment