OK people,
A lot of trading success is based on commonly repeated patterns (Triple Crowns, double tops/ bottoms, ascending triangles etc...)
I am not sure if this is an existing pattern or not, but I personally refer to it as "The Camel's Head"
As a picture tells a 1000 words, I have included 3 to illustrate my point!!
If you think I am from the planet crazy or if you think I am on to something please feel free to share your thoughts.
What would be great also, is if you can see other instances of this please feel free to post them here and share with everybody.
This pattern might be an already well established pattern, but I personally have not seen it before!!!
On the first graph, I have placed the entry in line with the "bridle", but another good entry point is when the price has moved to the "ears"
Hope it helps
A lot of trading success is based on commonly repeated patterns (Triple Crowns, double tops/ bottoms, ascending triangles etc...)
I am not sure if this is an existing pattern or not, but I personally refer to it as "The Camel's Head"
As a picture tells a 1000 words, I have included 3 to illustrate my point!!
If you think I am from the planet crazy or if you think I am on to something please feel free to share your thoughts.
What would be great also, is if you can see other instances of this please feel free to post them here and share with everybody.
This pattern might be an already well established pattern, but I personally have not seen it before!!!
On the first graph, I have placed the entry in line with the "bridle", but another good entry point is when the price has moved to the "ears"
Hope it helps