Adam-Robinson

Adam-Robinson

PRICE ACTION: • In an uptrend, price action finds first resistance (1), where it reverses direction and goes downwards till finding support (2). • Price action reverses direction from (2) and goes upwards till finding second resistance (3), which will be -around- the same rate of the first resistance (1). • The pattern is completed when price action reverse...

Adam-Robinson

PRICE ACTION: • A steep downwards price action initiates from (1) till finding first resistance (2), creating the flag's pole. • Price action reverses direction from (2) and forms higher lows and higher highs in a narrow flag formation till it finds the highest support in the formation at point (3). • The pattern is completed when price action reverse direction...

Adam-Robinson

Head and Shoulders A head and shoulders pattern is also a trend reversal formation. It is formed by a peak (shoulder), followed by a higher peak (head), and then another lower peak (shoulder). A “neckline” is drawn by connecting the lowest points of the two troughs. The slope of this line can either be up or down. Typically, when the slope is down, it produces...

Adam-Robinson

ASCENDING TRIANGLE PRICE ACTION This chart pattern starts forming with bulls already in control of the exchange rate's uptrend. Bears make a stand at a certain rate and try holding it as much as they can, while bulls keep squeezing on that rate till they finally break it and the exchange rate continues its uptrend. Let's break down the pattern formation! In an...

Adam-Robinson

PRICE ACTION: Price action finds first resistance (1), where it reverses direction and goes upwards till finding first support (2). Price action reverse direction from support (2) and goes downwards, till finding the second resistance (3) which must be higher than the first resistance (1). Price action reverse direction from resistance (3) and goes upwards,...

Adam-Robinson

INVERTED HEAD AND SHOULDERS PRICE ACTION This chart pattern starts forming with bears already in control of the exchange rate's downtrend. As bulls enter the market, they are tested by the bears at three different occasions, the first and third ones are around the same rate, and the second one being the strongest push performed by the bears. After the third...

Adam-Robinson

A doji candlestick pattern is considered to be a transitional formation since it doesn’t signal either one of a continuation or a reversal of the trend. They are often considered to suggest indecision in a given market.

Adam-Robinson

ASCENDING TRIANGLE PRICE ACTION This chart pattern starts forming with bulls already in control of the exchange rate's uptrend. Bears make a stand at a certain rate and try holding it as much as they can, while bulls keep squeezing on that rate till they finally break it and the exchange rate continues its uptrend. Let's break down the pattern formation! In an...

Adam-Robinson

PRICE ACTION: • Price action finds first resistance (1), where it reverses direction and goes upwards till finding first support (2). • Price action reverse direction from support (2) and goes downwards, till finding the second resistance (3) which must be higher than the first resistance (1). • Price action reverse direction from resistance (3) and goes...

Adam-Robinson

PRICE ACTION: • In an uptrend, price action finds first resistance (1) that forms left shoulder's high, where it reverse direction and goes downwards till finding support (2), completing the left shoulder formation. • Price action reverses direction from that support (2) and goes upwards till finding second resistance (3) that forms head's high, where it...

Adam-Robinson

HEAD AND SHOULDERS PRICE ACTION This chart pattern starts forming with bulls already in control of the exchange rate's uptrend. As bears enter the market, they are tested by the bulls at three different occasions, the first and third ones are around the same rate, and the second one being the strongest push performed by the bulls. After the third bears'...

Adam-Robinson

BULLISH RECTANGLE PRICE ACTION This chart pattern starts forming with bulls already in control of the exchange rate's uptrend. When bears enter the market, a consolidation period starts and rate gets contained within a specific range, where bears are creating a resistance at a certain rate, and bulls are creating support at a certain rate as well. Bulls then...

Adam-Robinson

ASCENDING TRIANGLE PRICE ACTION This chart pattern starts forming with bulls already in control of the exchange rate's uptrend. Bears make a stand at a certain rate and try holding it as much as they can, while bulls keep squeezing on that rate till they finally break it and the exchange rate continues its uptrend. Let's break down the pattern formation! In an...

Adam-Robinson

DOUBLE BOTTOM PRICE ACTION This chart pattern starts forming with bears already in control of the exchange rate's downtrend. Bulls make a stand at a certain rate that will be tested exactly twice before they are finally able to reverse direction, and the exchange rate starts an uptrend. Let's break down the pattern formation! In a downtrend, price action finds...

Adam-Robinson

ASCENDING TRIANGLE PRICE ACTION This chart pattern starts forming with bulls already in control of the exchange rate's uptrend. Bears make a stand at a certain rate and try holding it as much as they can, while bulls keep squeezing on that rate till they finally break it and the exchange rate continues its uptrend. Let's break down the pattern formation! In an...

Adam-Robinson

FALLING WEDGE PRICE ACTION This chart pattern can be formed after either an uptrend or a downtrend. Bears make the first move by creating a resistance and pushing the exchange rate downwards. As bulls try to fight back, it looks like the bears have the upper hand as lower highs and lower lows are being formed. However, bulls suddenly start an uptrend by breaking...

Adam-Robinson

INVERTED HEAD AND SHOULDERS PRICE ACTION This chart pattern starts forming with bears already in control of the exchange rate's downtrend. As bulls enter the market, they are tested by the bears at three different occasions, the first and third ones are around the same rate, and the second one being the strongest push performed by the bears. After the third...

Adam-Robinson

INVERTED HEAD AND SHOULDERS PRICE ACTION This chart pattern starts forming with bears already in control of the exchange rate's downtrend. As bulls enter the market, they are tested by the bears at three different occasions, the first and third ones are around the same rate, and the second one being the strongest push performed by the bears. After the third...