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How To: Bearish Breakaway w/ Tools, Indicators & Strategy
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What is a Bearish Breakaway?
A Rare Reversal Candlestick Pattern that consists of 5 Candles, broken up into 3 parts:
Pt 1) Large Bullish Candle
Pt 2) 3 Small Bullish Candles
Pt 3) Large Bearish Candle (Confirmation)
What indicators can be used to Confirm?
1) Volume - Dwindles after the first Large Bullish Candle then Increases after the Large Bearish Candle
2) RSI - The reversal is part of a Bullish Divergence then drops below 50 after the pattern is formed
3) MACD - Crossover event with Signal above the MACD moving down towards 0 with Bearish bars developing on the Histogram
Strategy needed to trade the pattern?
Entry - On the Open of the candle after the 5th of Confirmation Candle
SL - Above the High of the Pattern
TP - Next areas of Support ( Conservative & Aggressive options )
What is a Bearish Breakaway?
A Rare Reversal Candlestick Pattern that consists of 5 Candles, broken up into 3 parts:
Pt 1) Large Bullish Candle
Pt 2) 3 Small Bullish Candles
Pt 3) Large Bearish Candle (Confirmation)
What indicators can be used to Confirm?
1) Volume - Dwindles after the first Large Bullish Candle then Increases after the Large Bearish Candle
2) RSI - The reversal is part of a Bullish Divergence then drops below 50 after the pattern is formed
3) MACD - Crossover event with Signal above the MACD moving down towards 0 with Bearish bars developing on the Histogram
Strategy needed to trade the pattern?
Entry - On the Open of the candle after the 5th of Confirmation Candle
SL - Above the High of the Pattern
TP - Next areas of Support ( Conservative & Aggressive options )
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
~~~~
Keep It Current,
With Novi Fibonacci!
~~~~
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For All Things Currency,
Keep It Current,
With Novi Fibonacci!
~~~~
Keep It Current,
With Novi Fibonacci!
~~~~
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.