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November 24, 2018
Bump-and-Run Reversal Bottoms and trading signals The formation looks like a frying pan with the handle on the left sloping downward to the pan. After a deepening decline that takes prices into the pan base, prices level out and eventually soar out the right side. The handle forms a down-sloping trend line that approximates 0–45 degrees (but this varies with scaling). The handle portion of the formation is called the lead-in as it leads in to the bump phase. The lead-in height measures from the trend line drawn across the highs to the low (not necessarily the lowest low) of the formation. Select the widest distance from the trend line to the low, measured vertically, in the first quarter of the formation. The duration of the lead-in should be at least a month, but varies depending on the situation. Bump phase The Bump is analogous to the frying pan base. The downsloping trend line deepens to 60 degrees or more. Prices drop rapidly then level out and turn around, usually forming a rounded turn. After the turn, prices move up and sometimes pause at the 30-degree trend line before moving higher. The bump height, as measured from the trend line to the lowest low, should be at least twice the lead-in height. Strict adherence to this rule is not required, but it serves as a good general guideline. Uphill run Once prices lift out of the Bump phase, they begin an uphill run that carries prices higher. Measure rule. After properly identifying a BARR bottom, you will want to determine how profitable is a trade likely to be. You do that using the measure rule. I changed the measure rule from a computation to simply the top of the chart pattern. The highest high is the target, and prices reach the high 64% to 68% of the time. Wait for confirmation. The confirmation point is when price closes above the trend line formed during the lead-in phase. Should the price close above the trend line, buy fx trading signals . Sell at old high. I have discussed how often a fx pair showing a BARR bottom stops near the old high (which is the start of the formation). Place a sell order near the price level of the old high. That will keep your profits intact should the pair then turn down. If you are reluctant to sell your holdings, why not sell half when the stock reaches the old high, then see what happens? Stops. As always, place a stop-loss order 0.15 below the nearest support zone. Move the stop upward as the forex advances. That way, when prices turn down, you will not lose too much. Only paying taxes is worse than riding a forex up and following it all the way back down daily free forex www.freeforex-signals.com is the best free forex signals provider presents signals via SMS , E mail and whatsApp عنوان الموضوع الاصلي: Bump and Run Reversal Bottoms and fx trading signals || الكاتب: n-free || مصدر الموضوع: منتديات غلا المحبين
Bump and Run Reversal Bottoms fx trading signals bottoms bump reversal |
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الكلمات الدلالية (Tags) |
bottoms, bump, reversal, signals, trading |
أدوات الموضوع | |
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