Price Action Training
Cap pattern
1. The price goes up with a strong momentum.
2. After the traders save some profit, the price goes back a little and forms a base.
3. Then the price goes up again and forms a rally.
4. The fourth stage is the base price.
5. Here the price has a rapid and rapid fall.
The important thing to note is that the first base should be engolfed.
Cap pattern
1. The price goes up with a strong momentum.
2. After the traders save some profit, the price goes back a little and forms a base.
3. Then the price goes up again and forms a rally.
4. The fourth stage is the base price.
5. Here the price has a rapid and rapid fall.
The important thing to note is that the first base should be engolfed.