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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!
~~~~
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
~~~~
Keep It Current,
With Novi Fibonacci!
~~~~
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.