Ak learn Candlesticks Charts & Patterns

1. This was the starting point of a new bull trend. 2. This was a basic swing low. Ignore basic lows for the purpose of drawing trend lines. 3. Pivot C became a valid low after the market rose above pivot B. Connect the start point of the trend to this valid low C, and extend the resulting li…

momentum of a trend. Very steep trend lines are very easily broken as they represent climatic trends. Trend lines that are almost flat might indicate congestion. Despite all the goodness of trend lines, many traders find it difficult to use them effectively. One main reason is the drawing …

1. The upwards sloping trend line was broken, and we got a signal that the market might have turned bearish. 2. On the other hand, if we relied solely on the formation of a valid pivot high to indicate a change in market bias, we would have detected a change in bias later. Trend lines also m…

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The price broke above the previous lower high and made a new higher high (HH) which is an indication of a trend reversal and as a result price ended up creating massive bullish movement.As you can see, the classical trend structure analysis can help you spot profitable forex trade entries.