Morning traders!
4H Chart
We have an outstanding Risk/Reward ratio here!
This is one of my favorite setups when the markets are contracting.
Currently I have an "DECENDING TRIANGLE" with a " BEARISH WOLFE WAVE" confluence.
There are pattern formations inside of pattern formations. Depending on your skill, understanding confluence as a trader becomes more and more important.
Note: The "DECENDING TRIANGLE" was sourced from a book called "Encyclopedia of Chart Patterns" second edition.
The "WOLFE WAVE" was sourced from investopedia.com
4H Chart
We have an outstanding Risk/Reward ratio here!
This is one of my favorite setups when the markets are contracting.
Currently I have an "DECENDING TRIANGLE" with a " BEARISH WOLFE WAVE" confluence.
There are pattern formations inside of pattern formations. Depending on your skill, understanding confluence as a trader becomes more and more important.
Note: The "DECENDING TRIANGLE" was sourced from a book called "Encyclopedia of Chart Patterns" second edition.
The "WOLFE WAVE" was sourced from investopedia.com
Nota
Stopped out
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.