The price patterns help in identifying the characteristics of the trend of market. This can be for very long term (cup pattern) to medium term (head and shoulders, double bottom/top, triangle) to short term (flag)
Double top/bottom – Min 1 month & Volume high at second top
Head and Shoulder – Min 3 month; Left Shoulder Volume high & and Right Shoulder Volume low
Cup – Long duration, Low volume, for long position traders, for monthly traders.
Flag – 3-7 days, for weekly traders, Volume low on formation and increases during breakout.
Triangle – min 45 days. Volume high at breakout may be Positive or Negative

0 Comments

Leave a reply

©2024 | Rights Reserved | EQSIS | Terms and ConditionsPrivacy Policy

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

Log in with your credentials

Forgot your details?