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The "W" Pattern Explained
This pattern is very common when looking at the altcoins trading pairs (cryptocurrency).
It looks like a "W" and works only when a higher low is present.
The "W" Pattern Explained
As prices drop and a low is hit, we get the first push up, followed by a drop that ends it in a higher low which signals that the pattern is complete.
After the second push, we get a final retrace before prices resume up.
Note: Even if you spot this pattern, you still need a plan/strategy before you trade.
You need to have a stop-loss, in case the prices drop and a target to secure/collect profits if the pattern plays.
This is Alan Masters.
Thanks a lot for your continued support.
Namaste.
It looks like a "W" and works only when a higher low is present.
The "W" Pattern Explained
As prices drop and a low is hit, we get the first push up, followed by a drop that ends it in a higher low which signals that the pattern is complete.
After the second push, we get a final retrace before prices resume up.
Note: Even if you spot this pattern, you still need a plan/strategy before you trade.
You need to have a stop-loss, in case the prices drop and a target to secure/collect profits if the pattern plays.
This is Alan Masters.
Thanks a lot for your continued support.
Namaste.
✅ Cryptocurrencies technical analysis & results
t.me/masteranandatrades/9279
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t.me/masteranandatrades/9279
✅ Stocks technical analysis
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Join PREMIUM channels to show your support!
t.me/lamatrades/4 (since 2017)
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
✅ Cryptocurrencies technical analysis & results
t.me/masteranandatrades/9279
✅ Stocks technical analysis
t.me/anandastocks
✅ Enjoyed the content?
Join PREMIUM channels to show your support!
t.me/lamatrades/4 (since 2017)
t.me/masteranandatrades/9279
✅ Stocks technical analysis
t.me/anandastocks
✅ Enjoyed the content?
Join PREMIUM channels to show your support!
t.me/lamatrades/4 (since 2017)
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.