📈 How to exploit the "ascending spiral" model to achieve profits?
📌This model indicates a reversal or continuation of the upward trend! Here are the trading steps:
🔍 Characteristics of the model:
- Two consecutive lows: the second is higher than the first (indicates weakness of sellers).
- A curved shape resembling a spiral: reflects gradual accumulation.
- Hammer candle: may appear to support the trend reversal.
🎯 Trading strategy:
1. Entry point (ENTRY):
- Enter a buy after breaking the upper resistance line with increased trading volume.
- Ensure the appearance of confirmation candles (such as a strong green candle).
2. Stop loss (STOPLOSS):
- Place it below the second low or the lowest point in the model.
- Stick to the 1:3 risk-to-reward rule (1% risk for a 3% return).
3. Take profit (TARGET):
- Set the first target at a distance equal to the height of the model.
- Use Fibonacci levels (such as 161.8%) as a secondary target.
💡 Golden tip:
Combining the model with indicators such as moving averages or RSI increases the reliability of the signal!
🚨Warning:
The model reflects upward accumulation, but needs confirmation through additional technical factors such as volume and indicators.
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