Hello, traders.
RVN is forming a Bearish Accumulation pattern called as a Bear flag.
A bear flag pattern is constructed by a descending trend or bearish trend, followed by a pause in the trend line or consolidation zone. The strong down move is also called the flagpole while the consolidation is also known as the flag.
The bear flag pattern comes after a strong move downwards. The stronger the move, the bigger the profit potential is.
After we identify the market trend and the characteristics of a good bearish flag pattern we need to wait for confirmation that the trend is about to resume.
There are two basic approaches to enter the market with the bear flag pattern. Aggressive traders will enter at the top of the bearish flag as this will secure a little bit of bigger profits.
Best regards.
Sando and Gustavo.
RVN is forming a Bearish Accumulation pattern called as a Bear flag.
A bear flag pattern is constructed by a descending trend or bearish trend, followed by a pause in the trend line or consolidation zone. The strong down move is also called the flagpole while the consolidation is also known as the flag.
The bear flag pattern comes after a strong move downwards. The stronger the move, the bigger the profit potential is.
After we identify the market trend and the characteristics of a good bearish flag pattern we need to wait for confirmation that the trend is about to resume.
There are two basic approaches to enter the market with the bear flag pattern. Aggressive traders will enter at the top of the bearish flag as this will secure a little bit of bigger profits.
Best regards.
Sando and Gustavo.
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。