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EDUCATION: UNDERSTANDING STRUCTURE AND CHANGE IN PATTERNS.

 

Hi traders,

Happy to hear queries from followers.

“I’m following your posts for long while, it helped me to learn a lot about Forex.

How can I identify the upcoming changes in a structure/pattern?”

When it comes to predicting, we have to follow a bunch of unwritten rules.

In the chart, 3 basic patterns are drawn, in order to answer your question.

1. In this pattern, signals form a descending channel at ascending trend line to continue with the previous trend.

2. Similarly, the signals form an impulse in order to continue with the previous trend.
But the impulse formed at the ascending channel trend line.

3. Here, the price range hoisting a flag at ascending trend line and turned the trend.

Action speaks more than words.

I hope this live chart example will help you to understand More than theory.

In the chart, candles formed a descending channel in the ascending channel pattern in order to continue with the previous trend.

Formation of descending channel is the key point to decide our trade in this pattern.

In this pattern, an impulse formed in descending channel pattern and tends a correction to keep the move in uptrend

For a while, the signals moving in an ascending channel and formed an impulse from the support zone heads a correction to continue with the upward trend.

Correction breaks out point is the perfect sign to decide your trade.

Here, the chart printed signals as an ascending channel pattern in a bullish trend.

At some point the market got a pullback from the uptrend felt sharply to the bottom.

After the fall down it hoisting a flag correction under the previous uptrend and giving hint that the candles going to form in the bearish lane.

 


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Good Luck…!!

02 Jul 2018 4:06 pm Posted by tamilforex

 
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