Engulfing candlesticks produce some extremely profitable trade setups, but do you know how to trade them correctly?
In order to your engulfing candlestick to be valid, it should engulf at least 2 candles, the more candles it engulfs the stronger it is!
When trading engulfing candlestick patterns, you always have to wait for the candle to close, if the candle does not close as an engulfing candle then it is not valid! (DON’T GET TRAPPED IN A TRADE)
@CryptoTrades #education #engulfingcandlestick #patterns #knowledge #crypto #signals #cryptotradespremium
In order to your engulfing candlestick to be valid, it should engulf at least 2 candles, the more candles it engulfs the stronger it is!
When trading engulfing candlestick patterns, you always have to wait for the candle to close, if the candle does not close as an engulfing candle then it is not valid! (DON’T GET TRAPPED IN A TRADE)
@CryptoTrades #education #engulfingcandlestick #patterns #knowledge #crypto #signals #cryptotradespremium
Head and Shoulders Entry Hack.
Head and Shoulders are great patterns to trade if you know how to trade them correctly.
In the example above we used an Inverse Head and Shoulders.
The anatomy of the head and shoulders pattern is something that is often overlooked, however if you actually took the time to understand the anatomy, you will find the right shoulder normally (not always) positions itself at the 0.618 retracement level of the impulse move from the head.
Wait for the right shoulder to appear and wait for a candlestick pattern confirmation and execute.
Improve your game little by little everyday.
This post will help you crack down on your entries when it comes to trading head and shoulders patterns.
@CryptoTrades #education #headandshoulders #candlesticks #patterns #knowledge #crypto #signals #cryptotradespremium
Head and Shoulders are great patterns to trade if you know how to trade them correctly.
In the example above we used an Inverse Head and Shoulders.
The anatomy of the head and shoulders pattern is something that is often overlooked, however if you actually took the time to understand the anatomy, you will find the right shoulder normally (not always) positions itself at the 0.618 retracement level of the impulse move from the head.
Wait for the right shoulder to appear and wait for a candlestick pattern confirmation and execute.
Improve your game little by little everyday.
This post will help you crack down on your entries when it comes to trading head and shoulders patterns.
@CryptoTrades #education #headandshoulders #candlesticks #patterns #knowledge #crypto #signals #cryptotradespremium
The Double Top.
You find them at the end of upswings and they suggest a bearish reversal is approaching.
They consist of two highs, a neckline and a breakout.
Once price tests one resistance zone twice, breaks its neckline and retests it, only then is it a good idea to enter a SHORT.
@CryptoTrades #education #doubletop #patterns #knowledge #crypto #signals #cryptotradespremium
You find them at the end of upswings and they suggest a bearish reversal is approaching.
They consist of two highs, a neckline and a breakout.
Once price tests one resistance zone twice, breaks its neckline and retests it, only then is it a good idea to enter a SHORT.
@CryptoTrades #education #doubletop #patterns #knowledge #crypto #signals #cryptotradespremium
TRADING HEAD & SHOULDERS PATTERN
Trading a head and shoulders pattern is simple.
You don’t enter at the shoulders or even the head, you wait for the full pattern to form and then look for an entry.⠀
⠀
Head and shoulders are considered valid when price breaks below the neckline, that’s our optimal entry point.
However we don’t enter as soon as the neckline is broken, we wait for a retest at the neckline before we enter.⠀
@CryptoTrades #education #headandshoulders #candlesticks #patterns #signals #cryptotradespremium
Trading a head and shoulders pattern is simple.
You don’t enter at the shoulders or even the head, you wait for the full pattern to form and then look for an entry.⠀
⠀
Head and shoulders are considered valid when price breaks below the neckline, that’s our optimal entry point.
However we don’t enter as soon as the neckline is broken, we wait for a retest at the neckline before we enter.⠀
@CryptoTrades #education #headandshoulders #candlesticks #patterns #signals #cryptotradespremium
Wolfe waves are made up of 5 wave formations, a downwards sloping wave will result is a bullish reversal where as an upwards sloping wave will result in bearish reversal.
Things to remember when looking for these patterns are, the waves have to travel at consistent time intervals, the 1-2 waves must be symmetrical to 3-4 waves and the 3rd and the 4th waves must remain inside the channel created by waves 1-2.
Traders look to generally place trades at point 5 as that is where the whole pattern would have been completed and confirmed!
They’re similar to Elliott waves, except the correction is different!
@CryptoTrades #education #wolfewaves #patterns #bullishwave #bearishwave #signals #cryptotradespremium
Things to remember when looking for these patterns are, the waves have to travel at consistent time intervals, the 1-2 waves must be symmetrical to 3-4 waves and the 3rd and the 4th waves must remain inside the channel created by waves 1-2.
Traders look to generally place trades at point 5 as that is where the whole pattern would have been completed and confirmed!
They’re similar to Elliott waves, except the correction is different!
@CryptoTrades #education #wolfewaves #patterns #bullishwave #bearishwave #signals #cryptotradespremium
TRADING HEAD & SHOULDERS PATTERN
Trading a head and shoulders pattern is simple.
You don’t enter at the shoulders or even the head, you wait for the full pattern to form and then look for an entry.⠀
⠀
Head and shoulders are considered valid when price breaks below the neckline, that’s our optimal entry point.
However we don’t enter as soon as the neckline is broken, we wait for a retest at the neckline before we enter.⠀
@CryptoTrades #education #headandshoulders #candlesticks #patterns #signals #cryptotradespremium
Trading a head and shoulders pattern is simple.
You don’t enter at the shoulders or even the head, you wait for the full pattern to form and then look for an entry.⠀
⠀
Head and shoulders are considered valid when price breaks below the neckline, that’s our optimal entry point.
However we don’t enter as soon as the neckline is broken, we wait for a retest at the neckline before we enter.⠀
@CryptoTrades #education #headandshoulders #candlesticks #patterns #signals #cryptotradespremium
The Double Top.
You find them at the end of upswings and they suggest a bearish reversal is approaching.
They consist of two highs, a neckline and a breakout.
Once price tests one resistance zone twice, breaks its neckline and retests it, only then is it a good idea to enter a SHORT.
@CryptoTrades #education #doubletop #patterns #knowledge #crypto #signals #cryptotradespremium
You find them at the end of upswings and they suggest a bearish reversal is approaching.
They consist of two highs, a neckline and a breakout.
Once price tests one resistance zone twice, breaks its neckline and retests it, only then is it a good idea to enter a SHORT.
@CryptoTrades #education #doubletop #patterns #knowledge #crypto #signals #cryptotradespremium
Wolfe waves are made up of 5 wave formations, a downwards sloping wave will result is a bullish reversal where as an upwards sloping wave will result in bearish reversal.
Things to remember when looking for these patterns are, the waves have to travel at consistent time intervals, the 1-2 waves must be symmetrical to 3-4 waves and the 3rd and the 4th waves must remain inside the channel created by waves 1-2.
Traders look to generally place trades at point 5 as that is where the whole pattern would have been completed and confirmed!
They’re similar to Elliott waves, except the correction is different!
@CryptoTrades #education #wolfewaves #patterns #bullishwave #bearishwave #signals #cryptotradespremium
Things to remember when looking for these patterns are, the waves have to travel at consistent time intervals, the 1-2 waves must be symmetrical to 3-4 waves and the 3rd and the 4th waves must remain inside the channel created by waves 1-2.
Traders look to generally place trades at point 5 as that is where the whole pattern would have been completed and confirmed!
They’re similar to Elliott waves, except the correction is different!
@CryptoTrades #education #wolfewaves #patterns #bullishwave #bearishwave #signals #cryptotradespremium