*The Head and Shoulders ( Bearish ) pattern is one of the most popular and best known price patterns in trading.
This is a very accurate trading signal if you know how to use it properly and flexibly.
*What is Head and Shoulders? How to identify and characterize
Head and Shoulders is the name of a special type of price pattern that usually appears at the end of...
Hey Guys!
I just wanted to post a quick tutorial on how to find legitimate Head and Shoulder patterns.
In this lesson, I explain the 5 rules that a Head and Shoulders pattern must abide for it to be legitimate.
Here's the rules:
#1 Both necklines must be parallel.
#2 The main neckline cannot be broken out of surpassed before the right shoulder's price level...
Hey Guys!
When it comes to price patterns, there are many. I mean, look up "price patterns for trading" on google and you'll find countless variations. Just like in the movie "A Beautiful Mind", where Russel Crowe's character locates patterns in Russian Codes; a price action trader, can find endless variations of patterns on their charts.
However, these...
Hey Guys!
I just wanted to post a quick tutorial on how to find legitimate double tops and bottoms.
In this lesson, I explain the 4 rules that a double top/bottom must abide for it to be legitimate.
So for example: For a legitimate double bottom:
#1 The 2nd bottom's price must reach the 1st bottom's wick low price level.
#2 The 2nd bottom's price cannot...
It has been said ever since people were allowed to trade to "trade with the trend" and "the trend is your friend". Although there is logic to this the market unfortunately doesn't always trend and in fact spends most of its time in ranges and channels.
The market environment changes all the time and it's why so many traders struggle with their trading because...
A lot has been said in the past about trading with the trend and of course when the market is trending your probability should increase when doing so. The reality of course that the market spends most of its time in ranges and when this occurs finding trends can be tough.
In saying that, trading ranges can sometimes be easier to navigate the price action as the...
Taking a look at the price action on Gold, we saw a high probability trade setup for a potential buying opportunity.
We saw many factors all lining up together which always helps increase the probability for you as a trader to get a good idea what direction price could go next.
As you can see from the 30 Minute chart, we saw Gold in a descending channel until...
