- TARGET - (the place where You want to close traders-notes.com - CD - distance from the last local minimum to the horizontal target line- For a bearish “Bat” formation, we open a sell trade near point D. Bearish pattern “Bat” in the classical trading is a continuation of the movement after the fulfillment of the pattern - a double bottom, Of One of the components of the formation of “Dragon”. By the way, both models are my favorite ones in terms of working out and give very few false signals. Consequently, the “bat”, with correct identification and entry, gives good working and few false signals.; ou cant pl ari / imdvement in the ia of an almost straight line, accompanied by a ‘significant volume of trade. ~ In the process of shaping, volume indicators gradually decrease - Very often “Flags” are formed near the middle of the price movement. As a consequence, after the break the price should pass the fame) distance as before the formation of this figure. ~ TARGET - [the place where you want to close an open trade) & , - AB - flagpole (distance from the beginning of the formation Of the flagpole to the maximum point of the figure) ~ CD - distance from the last local minimum to the horizontal line (target)DEMON ParrerN Wt] due The Wolf pattern is nothing more than an expanding wedge. Indeed, we see several consecutive highs and lows, and the countdown starts from point 1, It is called the base before the first peak for a bullish pattern. The word “base” is used for a reason: it means a line of three consecutive extrema - points 2,3 and 4. Point | may be formed in consolidation conditions, Here point 2 is the base of the first vertex. Point 3 is the price minimum of the correction after the first peak {point 2). Point 4 is the maximum of the second vertex. Point lis the base before point 2 (top), which exceeded point 3 (correction). Point 5 - Point of entry {intersection of ray 1-8) . | Point 6 is the top* (profit fixing point) of the intersection of i i 1-4. the price chart with ray ae F Entry in this area~ An tising wedge is formed when the rise in prices slows down and a tapering figure is formed, volume and volatility indicators are gradually decreasing = The maxima and minima at the formation of the figure are updated, the price falls, or rises, insignificantly = Trade according to the algorithms of your trading strategy. not emotional outbursts - It is necessary to open 2 buy position after the break of the figure ~ TARGET - (the place where you want to close an open trade)= “Cup and handle” starts to form with a bearish movement, which gradually slows down {curls} and turns into a gradual bullish movement, drawing a figure on the chart = Afrer the formation of the " Cup”, the second obligatory component of the figure is formed, which is the “ Hand “. After the formation of the maximum on the right side of the “Gup”. there is a small pullback, which is formed to the right of it and forms the “Hand” - fsa rule, at the top of the “Cup” the volumes have @ minimum value. Then during the formation of the second part of the “Cup” should gradually increase KS i. = “ Resistance line=r ~ This is one of the most popular harmonic patterns. First of all, it is due to the high degree of refinement. The Gartley pattern isa corrective figure indicating the continuation of the existing trend. The main trend, in this case, temporarily changes its direction, before returning to the initial movement. That is, @ remporary correction in the form of a figure ABCD is observed. - Ai bullish pattern usually occurs early in a trend and marks the end of corrective waves. The area at point Dis called the potential reversal zone. Enter at point Dor slightly above, to further guarantee an upward move. A stop loss is placed near the entry point. 9.382; 0,866 c ottna steady price rine, with no excess sloping upward at about 40 10 45 degrees 10 Create a valid fun trading parte The lead-in trend line acts as a support or resistance level depending on the marker It is also used ro determine your entry point into the market once It feverses direction in the phase t mp phase stacts with a spike up (or down) in price due to a surge in speculative activity The final phase begins when the price retraces back to the key level of Support of resistance _ Prices often bounce off this level at least twice before continuing in the direction of the trend. : ~ Iris necessary to open a short position after the break of the figure ~ Target - [the place where you want to close an open trade)The double top of Adam and Eve is formed in an uptrend and creates two tops before the price goes down: the first top has the shape of an inverted V (Adam), the peak on the support line, and the second top has the shape of an inverted U The first top (Adam) - in an uptrend, the price should form a sharp Top with a price peak The second top (Eve] - in the double top of Adam and Eve, the price action first creates an Adam shape, forms a top, moves downwards and finally creates a U-shaped top ~ lt is necessary to open a SHORT position after the break of the figure - Target - (the place where you want to close an open trade) Resistance line Resistance line Support LINE Support tineTrading: The pattern “Three Hills and a River” presents two trading setups. First trade. a close below the trend line signals a reversal. Open a “short” trade one tick above the high of the breakout bar. Second trade. after completing 62% of the AB range, open a “long” trade at poinr “C” Stop: For the first trade, if prices close above the trend line, close the trade. For the second trade, if prices close below the “C” level, Close the trade Target: target settings for the above two trades. The first trade setup is a “short” of three hills. For this trade setup set the target at 62% to 782% of the AB range. The second trade results in a 100% QB range correction from point “C~ 3 valley 2 valley / Tyalley~ The figure is formed on higher timeframes (above | hous). The older the timeframe. the stronger the sign of the reversal is expressed. ~ The clearer the trend was and the longer it existed in the market, the stronger the effect of the pattern on the reversal. ~ If there are large candles with slight shadows that break one side of the diamond when the pattern is forming, this also strengthens the strength of the pattern. - If the pullbacks in the correction corridor coincided with the important support/resistance levels that had already been tested in the past, it also confirms that the pattern is likely to finally form and work out A Target JPattern “Bullish butterfly” ~ This is one of the most Popular harmonic patterns. First of all, it is due ro the high degree of refinement. The Gartley pattern isa Corrective figure indicating the continuation of the existing trend The main trend, in this case, temporarily changes its direction, before feturning to the initial movement. That is, a temporary correction in the form of a figure ABCD is observed ~ A bullish pattern usually occurs early in a trend and marks the end Of corrective waves. The area at point 0 is called the potential reversal Zone. Enter at point O of slightly above, to further guarantee an upward move. A stop loss is placed near the entry point 0.382; oas6 ¢ a 078° 127 EntryThe Wolf pattern is nothing more than an expanding wedge. Indeed, We see several consecutive highs and lows. and the countdown starts from point 1. |r is called the base before the first peak for a bullish pattern. The word “base” is used for a reason: it is understood as a line of three consecutive extrema (maximum or minimum price value on a specified interval) - points 2, 3 and 4. Point 1 may be formed during consolidation. Here point 2 is the base of the first correction. Point 3 is the price maximum after rhe first correction (point 2). Point lis rhe base before point 2 [the first correction), which did not exceed point 3. Point 4 is the minimum of the second bottom. Point 5 - Entrance point (intersection of ray 1-3) SWEET 20NE . Point 6 is the top* (profit fixing point] of the intersection of the price chart with ray 1-4. 5 ntey in this areaPs Pattern Dragon (bearish] ~ Mandatory condition for the formation of the Dragon is a trend line drawn through the head and hump of this model ("Ridge of the Oragon"| ~ Dragon head - the minimum price of all parts of rhe figure ~The first paw of the Dragon - the local price maximum ~ ~ Dragon's hump - the minimum price between his paws - The second paw of the Dragon is another maximum, located slightly elow the first paw, in rare cases equal to the maximum of the first paw tis necessary to open a position after a break of the trend live The Tail of the Dragon is a target price that will bring you an income 1 PAu Resistance line 2 pall rend “line / nore Veend 7 line F \ es ————Sipport tine TARGETThe first stage (trend). The Hrend starts (rom the extreme point of the previous trend and develops in the interval ( ‘several weeks to several months. ft this stage, a clear directional price corridor is formed. The second stage (trend). The Hrend acts as a corrective. It is the shortest of the three stages. As a rule, its duration | ‘appronimately half the time of the (irst stage. Usually the price is corrected by 90-70% dept on the duration of the first (all. if the first phase takes a very long time. for example a year correctional movement will be much higher and longer. It should be understood that this fig) ‘May consist of many figures on a smaller scale, but the movement trend itself and the Correctional movement in the middle of the figure should be observed. Sometimes there are reversal (igures before the second phase, for enample double bottom or triple bottom, inves! head and shoulders and others. The third stage [trend]. The third trend is approximately equal to the first one in duration and dynamics. Targets are calculated in the third phase - the percei of the first fall before the correction moveme of the second phase= "Inverted Cup” is a fairly rare but very reliable bearish pattern. It is formed at the end of a long-term bullish trend and usually gives a signal of a market reversal. - The upward trend in prices with a gradual slowdown. Inthe classical case it should represent @ smooth arc =f rounded bottom is. in simple terms, a dumping of a position by large market participants, when the price is very difficult to keep from falling. When it can no longer be done - phase 3 of the formation begins lie. the fall) ~ The descending of the fhe maximum is followed by the descending, which should be the entry point, and should last as long as the first phase (the price ascending)he third trend is approximately equal to the first one in dusation and dynamics Targets are aiculated in the third phase - the percentage ef the first fall before rhe correction movement { the secend phaseBullish Flag The emergence of such a pattern ig preceded by a sharp price Movement in the form of an almost straight line, accompanied by a Significant volume of trade ~ In the process of shaping, volume indicators gradually decrease ~ Very often “Flags” are formed near the middle of the price movement As 4 consequence, after the break the price should pass the same distance as before the formation of this figure. ~ TARGET - [the place where you want to close an open trade} ~ AB - flagpole (distance from r the beginning of the formation of the flagpole to the maximum point of the figure} - CO - distance from last local minimum to the horizontal line (target)gradually decrease ~ The maxima and minima at the formation of the figure are updated the price falls, or rises insignificantly ~ Trade according ro the algorithms Of your trading strategy, not emotional outbursts ~ It is necessary to open a buy position after the break of the figure TARGET - (the place where you want to close an open trade)-7 ~ {the place where you want to close an open trade)Bearish pattern " Wolfe wave” The Wolf pattern is nothing more than an expanding wedge. Indeed, we see several consecutive highs and lows, and the countdown starts {rom point |. It is called the base before the first peak for a bullish pattern. The word “base” is used for a reason: it is understood as a line of three consecutive extrema (maximum or minimum price value on.a specified interval] - points 2, 3 and 4. Point | may be formed uring consolidation Here point 2 is the base of the first correction. Point 3 is the price maximum after the first correction (point 2) Point 1 is the base before point 2 (the first correction), which did not exceed point 3 Point 4 is the minimum of the second bottom. Point 5 - Entrance point (intersection of ray 1-3) Point 6 is the rop* (profit fixing point) of the intersection of the price chart with ray . > Target- “Bear-cup and handle” begins to form with 2 bullish movement, which gradually slows down (bends) and turns into a gradual bearish movement drawing a figure on the chart = fifter the formation of the” Gup ”. the second obligatory component of the figure is formed. which is the “Handle”. After the formation of the minimum on the right side of the “Cup”, there ig a small pullback, which is formed to the right of it and forms the “Hand”. Ais arule, at the rop of the “Inverted Cup” have @ minimum value. Then volume values during the formation of the second part Of the "Inverted Cup” should gradually increase Suppor? line