Hello, my name is Saman Jalilian, and today I'm going to teach you the best way to use chart patterns 📊.
One of the most common things you encounter when learning technical analysis and trading is chart patterns, which are frequently seen on the charts.
However, we can't just enter a trade by merely spotting a pattern. To effectively use them, we need to follow certain guidelines to achieve the best results.
Only trade patterns that meet the following criteria:
1.There should be a trend before the pattern that is at least the height of the pattern.
2.The first peak or trough created by the pattern must be at a price saturation point. You can identify this saturation using the RSI indicator, Bollinger Bands (BB), or visually.
3.The trend leading to the subsequent peaks or troughs should be weaker compared to the first peak or trough.
4.The pattern should be clean and easily recognizable.
For instance, see the double bottom pattern on the gold chart above, which meets all these criteria.
Trading Strategy✔
Set your stop-loss at half or the full height of the pattern.
Your minimum target should be the height of the pattern, and you can expect even more 📈.
📊 Happy Trading!
Categories
Trend Analysis
Support and Resistance
Chart Patterns
#Tradecitypro #TCP #ChartPatterns #TradingTips #TechnicalAnalysis #chart_pattern
Feel free to like, comment, and share your thoughts! 💬✨
One of the most common things you encounter when learning technical analysis and trading is chart patterns, which are frequently seen on the charts.
However, we can't just enter a trade by merely spotting a pattern. To effectively use them, we need to follow certain guidelines to achieve the best results.
Only trade patterns that meet the following criteria:
1.There should be a trend before the pattern that is at least the height of the pattern.
2.The first peak or trough created by the pattern must be at a price saturation point. You can identify this saturation using the RSI indicator, Bollinger Bands (BB), or visually.
3.The trend leading to the subsequent peaks or troughs should be weaker compared to the first peak or trough.
4.The pattern should be clean and easily recognizable.
For instance, see the double bottom pattern on the gold chart above, which meets all these criteria.
Trading Strategy✔
Set your stop-loss at half or the full height of the pattern.
Your minimum target should be the height of the pattern, and you can expect even more 📈.
📊 Happy Trading!
Categories
Trend Analysis
Support and Resistance
Chart Patterns
#Tradecitypro #TCP #ChartPatterns #TradingTips #TechnicalAnalysis #chart_pattern
Feel free to like, comment, and share your thoughts! 💬✨
💥 Don’t Miss Out!
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💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
💥 Don’t Miss Out!
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。