This technique can be used on the Donchian channel (above), Keltner , or Bollinger bands .
1) Trending phase where price "walks" one side of the channel
2) Retest of the opposite side of the channel. If you like oscillators, they'll show a new momentum high here.
3) Failure to make new extremes in the trend direction
4) Enter on a cross of the basis (mid point of the channel) or re-touch of the channel. If you like oscillators, they'll give you a crossover entry here.
The difficulty is in #3, the right shoulder. This is a deep shoulder. Oftentimes, price doesn't move past the basis before retesting the channel wall.
1) Trending phase where price "walks" one side of the channel
2) Retest of the opposite side of the channel. If you like oscillators, they'll show a new momentum high here.
3) Failure to make new extremes in the trend direction
4) Enter on a cross of the basis (mid point of the channel) or re-touch of the channel. If you like oscillators, they'll give you a crossover entry here.
The difficulty is in #3, the right shoulder. This is a deep shoulder. Oftentimes, price doesn't move past the basis before retesting the channel wall.
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Trade is almost complete. It's now a clear head and shoulders pattern that we were able to identify mechanically. Mechanical identification saves a lot of time and energy.İşlem kapandı: hedefe ulaştı
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.