GBPCAD - Kiss Of Death Completion; Counter-Trend Opportunity
Friends,
Here is a pattern worth considering, named "Kiss Of Death", or KoD for short, as defined in the chart.
Typically, the pattern is defined by a larger parabola exceeding the apex of a preceding, smaller parabola, reaching a value in the vicinity of a double-top relative to each parabola, but triple top when consider the two parabolas together.
As with any other pattern, the success rate of counter-trend event at the triple top is not 100%, but this one represents is worth adding into your armamentarium. As of this writing, price is nearing TG-1 = 1.85929, which represents a probable reversal level independent of that KoD, so taken together, there is added sense to consider a counter-trend reversal near that level.
As usual, this is all for educational purpose. Do not trade without doing your own due diligence.
Cheers,
David Alcindor
TradingView.com Moderator
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Get my instant signals, analyses and forecasts via Twitter:
4xForecaster
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Here is a pattern worth considering, named "Kiss Of Death", or KoD for short, as defined in the chart.
Typically, the pattern is defined by a larger parabola exceeding the apex of a preceding, smaller parabola, reaching a value in the vicinity of a double-top relative to each parabola, but triple top when consider the two parabolas together.
As with any other pattern, the success rate of counter-trend event at the triple top is not 100%, but this one represents is worth adding into your armamentarium. As of this writing, price is nearing TG-1 = 1.85929, which represents a probable reversal level independent of that KoD, so taken together, there is added sense to consider a counter-trend reversal near that level.
As usual, this is all for educational purpose. Do not trade without doing your own due diligence.
Cheers,
David Alcindor
TradingView.com Moderator
-----------------------------
Get my instant signals, analyses and forecasts via Twitter:
4xForecaster
-----------------------------
Penafian
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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.