Hey, this is some knowledge I learnt from the expert.
I'm using fibo line to get price pattern range area (reversal / continuous), I find out that the price is on reversal range. H1 shows there's a reversal pattern (Double Top) at supply base and already make its neck. The price done breaking the neck line, entry area will be at the pullback.
But, if the price react with the parallel channel, price may change to flag pattern as the price will continue upward.
Current market trend is downtrend.
I'm using fibo line to get price pattern range area (reversal / continuous), I find out that the price is on reversal range. H1 shows there's a reversal pattern (Double Top) at supply base and already make its neck. The price done breaking the neck line, entry area will be at the pullback.
But, if the price react with the parallel channel, price may change to flag pattern as the price will continue upward.
Current market trend is downtrend.
註釋
Double top setup failed. I will wait for next setup for entry.註釋
Price tend to respect the flag pattern. Should admit that the market reversed as its already made reversal sign. Opportunity to hold long position and re-entry if pullback.
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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。