Hello traders!
Let me be honest: since I learned this strategy, I haven't faced a loss again. Yes, you heard that right! If you are still dealing with account liquidations, and you are still confused about when to buy or where to place your stop loss, I will help you today. I will reveal to you a secret formula that no one will tell you. And guess what! Learning it will only take five minutes!
Are these patterns you see in the chart above? They are not just charts, but profit-taking signals. Once you understand them, you will find yourself facing a hidden language in the market. Let me clarify it for you in the simplest way.
1. Bullish Flag 📈
After a strong rise, the price consolidates in a flag shape. When it breaks, this is a buy signal! Place the stop loss below the flag.
2. Measured Move Up 🔁
This is a wave pattern. After the first rise, wait for a pullback. When the price starts moving again, buy! Stop loss below the pullback.
3. Bull Flag 🚩
Short consolidation in a triangle after a rise. Breakout? This is the time to enter. Place the stop order just below the flag.
4. Cup and Handle ☕
It seems easy! When the price breaks the support level, that means a buy signal. Place the stop order below the support level.
5. Rising Channel 🌙
A beautiful curved shape forming higher bottoms. Once the price breaks this curve, it's time to buy. Stop at the lowest point.
6. 3 Rising Valleys ⛰️
Three declines, each one higher than the previous. This shows strong bullish strength. Enter on the breakout of the third peak.
7. Symmetrical Triangle 🔺
The price contracts more and more, forming a triangle. When it breaks upwards, buy! The stop loss is just below the triangle.
8. Ascending Triangle 📊
Flat top, rising bottom - great optimism. When the price breaks the top line, you can buy! Stop loss below the trend line.
9. Double Bottom 🅱️
It's a 'W' shaped pattern. When the price breaks the neck line after the second bottom, buy! Stop at the second bottom.
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