Reversal patterns are those chart formations that signal that the ongoing trend is about to change course.
If a reversal charts pattern forms during an uptrend, it hints that the trend will reverse and that the price will head down soon. Conversely, if a reversal chart pattern is seen during a downtrend, it suggests that the price will move up later on.
These are some of the best chart patterns that I trade. They give reversal signals:
• Double Top
• Double Bottom
• Head and Shoulders
• Inverse Head and Shoulders
• Rising Wedge
• Falling Wedge
This is one of the Double top formations I found on the GBPJPY recently.
Price made a double top and I spotted it early in time. I will post later , how it actually turned out to be!
Have fan!
No comments:
Post a Comment