Above & Below Pattern 🧵
💎 Effective TA Pattern for beginners 💎
Easily spotted pattern formation for anyone ✔️
Time-proven ✔️
Quick to apply ✔️
Well defined levels ✔️
Great risk to reward ✔️
1/
💎 Effective TA Pattern for beginners 💎
Easily spotted pattern formation for anyone ✔️
Time-proven ✔️
Quick to apply ✔️
Well defined levels ✔️
Great risk to reward ✔️
1/
2/ Live example - Long
3/ Live example - Short
4/ Idea behind:
- Price creates support from which it goes on to create a Higher High / Lower Low
- Traders get lured into the position as we can see a clear trend
- FOMO kicks in
- Price creates support from which it goes on to create a Higher High / Lower Low
- Traders get lured into the position as we can see a clear trend
- FOMO kicks in
5/
- Once new liquidity from breakout traders is absorbed, the price goes on to retest the previous support
- This is where breakout traders have their Stop Losses
- Trailing Stop Losses as well
- Willing selling liquidity is absorbed
- Now we wait for a reclaim and retest
- Once new liquidity from breakout traders is absorbed, the price goes on to retest the previous support
- This is where breakout traders have their Stop Losses
- Trailing Stop Losses as well
- Willing selling liquidity is absorbed
- Now we wait for a reclaim and retest
6/
- Once reclaim has been successful we calculate our position size
- Set orders at previous support
- Once reclaim has been successful we calculate our position size
- Set orders at previous support
7/
- Profit
- Profit
جاري تحميل الاقتراحات...