UPDATE : Need to close I'm looking for USD bottm signal today
This post is only for self study
- In 70% of cases, there is a bullish reversal
- In 67% of cases, the target of the pattern is reached once the neckline broken
- In 59% of cases, a pullback occur
Pullbacks exceed the neckline in many cases. Thus, a stop too close can be reached stupidly. To remedy this, it is possible to wait for the pullback onthe neckline to take a stand. This allows a better set of your stop.
This post is only for self study
- In 70% of cases, there is a bullish reversal
- In 67% of cases, the target of the pattern is reached once the neckline broken
- In 59% of cases, a pullback occur
Pullbacks exceed the neckline in many cases. Thus, a stop too close can be reached stupidly. To remedy this, it is possible to wait for the pullback onthe neckline to take a stand. This allows a better set of your stop.