Price Action: IQ Option trading live strategy 2018, symmetrical triang...

 

BO Turbo Trader Price Action Guide for Binary Options Trader PDF https://goo.gl/VmcKjJ 👉 SMASH THE LIKE BUTTON 👈 👉 HIT THE SUBSCRIBE BUTTON 👈 👉 LEAVE A COMMENT 👈 Facebook-Group: https://www.facebook.com/groups/31949... Twitter: https://twitter.com/boturbotrader Binary Option Win Rate and Net Profit Calculator + Simulator https://goo.gl/NeUyCp Money Management Masaniello Program + Excel File https://goo.gl/9pNRhs Start Mining Cryptocurrency http://goo.gl/1mJLbU Risk Warning: Your invested capital may be at risk. This video is not an investment advice. Indicators: EMA 3 (blue) EMA 20 (yellow) EMA 50 (orange) EMA 100 (red) EMA 200 (purple) Bollinger Band Period 20 Deviation 2 (green) Bollinger Band Period 20 Deviation 1 (white) The language of technical analysis for stock investors, chart patterns can increase the odds that an analyst correctly predicts what will happen with a particular stock. Triangle patterns. A triangle is formed when the resistance line and the support line converge to form the triangle. But unlike wedges, their trend lines run parallel. Bearish flags are comprised of higher tops and higher bottoms. "Bear" flags also have a tendency to slope against the trend. Their trend lines run parallel as well. Pennants look very much like symmetrical triangles. Like triangles and rectangles, pennants and wedges are continuation patterns. They look like triangles, but much smaller. Pennants are sideways and horizontal, but wedges are either ascending or descending. This is the main difference they have. Whilst in a flag formation the shares trend higher/lower, in a pennant they trend horizontally (overall) forming a shape similar to that of a symmetrical triangle. When the triangle pinches out, the shares tend to break higher. A bearish pennant is found in the same way as a bearish flag. The flag and pennant patterns are two continuation patterns that are similar, differing only in their shape during the pattern's consolidation period. Once the flag pole and a flag or pennant have formed, traders watch for the price to breakout above the upper flag/pennant trendline. Analyzing Chart Patterns: The Wedge. Difference between Pennants and Symmetrical Triangle patterns At the first glance a pennant pattern looks like a symmetrical triangle. In fact you got it. A pennant has a symmetrical triangle. Triangles and pennants look the same, but their timeframes and expectations are different. Pennants are short-term patterns that form after a steep advance or sharp decline. Pennants typically extend 1-3 weeks, after which a continuation of the prior move is expected. Anything longer is probably a triangle. The idea here is to identify charts displaying FLAG, TRIANGLE, WEDGE and other patterns and to track their movement. Post your bearish charts too! Basic Chart Patterns: Wedges, Triangles and Pennants. A symmetrical triangle is formed when price makes both lower highs and higher lows. ... This is called a flag. In both cases, it is called a flag and you can have a flat flag or have counter directional flags. The bullish flag (Bullflag) is characterized in that one at fracture Resistance takes place a very steep rise (flagpole), followed by a brief consolidation (as a flag) follows against the actual uptrend. Flag pattern is similar to wedge pattern, but there is a difference between these two chart patterns. Wedges take longer to form than flag patterns. Flag patterns require less time to form. The Pennant pattern is similar to symmetrical triangle, but the pennant patterns require less time to from rather than symmetrical triangles. The Pennant shape generally appears as a horizontal shape, rather than one with a downtrend or uptrend. Apart from its shape, the Pennant is similar in all respects to the Flag. The Pennant is also similar to the Symmetrical Triangle or Wedge continuation patterns however; the Pennant is typically shorter in duration. But unlike wedges, their trendlines run parallel. Bearish flags are comprised of higher tops and higher bottoms. "Bear" flags also have a tendency to slope against the trend. Their trendlines run parallel as well. Pennants look very much like symmetrical triangles. Double Bottom Pattern (Bullish). Rectangle/Box Pattern (Bullish). Flag Pattern (Bullish). Double Top Pattern (Bearish). Rectangle Box Pattern (Bearish). Flag Pattern (Bearish). Pennant Pattern (Bullish). Wedge Pattern (Bullish). Ascending Triangle (Bullish). Pennant Pattern (Bearish). Wedge Pattern (Bearish). Descending.