In today’s lesson, we are going to demonstrate an example of a chart offering multiple entries upon producing the double bottom. We know the double bottom is one of the strongest bullish reversal patterns. When a chart produces a double bottom, price action traders keep their eyes on the chart to keep going long. Usually, a double top or a double bottom ends up offering multiple entries. Let us now have a look at today’s example of how it offers us multiple entries.
The German index DAX 30 advances in an upward Elliott wave sequence that suggests more upsides in the following trading sessions.
In today’s lesson, we are going to demonstrate an example of a daily-H4 chart combination trading, which has a good lesson to give us. Usually, daily-H4 combination traders look for a strong reversal candle in the daily chart. Then, they flip over to the H4 chart to trigger entry upon consolidation and a signal candle. We get all these in our today’s example, but the price acts a bit differently after triggering the entry. Let us proceed to find out what happens there.
In today’s lesson, we are going to demonstrate an example of an H1 chart, where the price makes a bearish breakout and produces a bearish reversal candle upon making a bullish correction. However, things do not go as the sellers would like. Let us find out what happens and what the reason may imply.
Introduction The forex market either trends or moves in a range. The last strategy was dedicated to trading the range. The strategy we will be...
We have ended the section that covers the Advanced Level of the Elliott Wave Analysis based on the work developed by Glenn Neely, "Mastering Elliott Wave." These concepts are described and includes the following aspects:
We have finished the section that covers the Intermediate Level of the Elliott Wave Analysis based on the work of Glenn Neely. These concepts are described and include the following aspects.
We have completed the section that covers the preliminary concepts of the Elliott Wave Analysis described by Glenn Neely. These concepts are explained and include the following aspects.
Chart Patterns: Start Here