As I posted about yesterday, an Inside Bar / Pin Bar Fakeout pattern was forming by mid day. By the time the daily candle closed this pattern had indeed formed.
In addition to being a powerful pattern it had also #1 formed with the prevailing trend and #2 formed directly on top of trendline support. All of these things formed a confluence of factors that significantly increased the likelyhood of a bullish breakout. Now that price has broken out it looks like 0.025 will be the next area for a potential pullback. Although keep in mind that the velocity of this movement is so strong it may very well break through this resistance and in short order flip it into support.
Regardless of how great a pattern is, none are guaranteed to be successful. It is a game of probabilities. Always trade defensively and protect your capital.
In addition to being a powerful pattern it had also #1 formed with the prevailing trend and #2 formed directly on top of trendline support. All of these things formed a confluence of factors that significantly increased the likelyhood of a bullish breakout. Now that price has broken out it looks like 0.025 will be the next area for a potential pullback. Although keep in mind that the velocity of this movement is so strong it may very well break through this resistance and in short order flip it into support.
Regardless of how great a pattern is, none are guaranteed to be successful. It is a game of probabilities. Always trade defensively and protect your capital.
注释
Dad of 5 • Dev • Candlestick Whisperer • Crypto class of 2019
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Dad of 5 • Dev • Candlestick Whisperer • Crypto class of 2019
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。