Trading Forex & Digital Assets with Triangle Patterns
Автор: Investors Trading Academy
Загружено: 2021-10-18
Просмотров: 4937
Price patterns often signal the transitions between rising and falling trends. By definition, a price pattern is a recognizable configuration of price movement that is identified using a series of trendlines and curves.
When a price pattern signals a change in trend direction, it is known as a reversal pattern; a continuation pattern occurs when the trend continues in its existing direction following a brief pause.
Technical analysts have long used price patterns to examine current movements and forecast future market movements.
This pattern creates a well-defined setup for traders. Traders will buy and set a stop-loss order if the asset breaks above horizontal resistance, usually just below the prior resistance level.
Recognizing chart patterns will help you gain a competitive advantage in the market.
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