This technique can be used on the Donchian channel (above), Keltner , or Bollinger bands .
1) Trending phase where price "walks" one side of the channel
2) Retest of the opposite side of the channel. If you like oscillators, they'll show a new momentum high here.
3) Failure to make new extremes in the trend direction
4) Enter on a cross of the basis (mid point of the channel) or re-touch of the channel. If you like oscillators, they'll give you a crossover entry here.
The difficulty is in #3, the right shoulder. This is a deep shoulder. Oftentimes, price doesn't move past the basis before retesting the channel wall.
1) Trending phase where price "walks" one side of the channel
2) Retest of the opposite side of the channel. If you like oscillators, they'll show a new momentum high here.
3) Failure to make new extremes in the trend direction
4) Enter on a cross of the basis (mid point of the channel) or re-touch of the channel. If you like oscillators, they'll give you a crossover entry here.
The difficulty is in #3, the right shoulder. This is a deep shoulder. Oftentimes, price doesn't move past the basis before retesting the channel wall.
Nota
Trade is almost complete. It's now a clear head and shoulders pattern that we were able to identify mechanically. Mechanical identification saves a lot of time and energy.Dagangan ditutup: sasaran tercapai
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.