In this video, you'll discover my favourite chart pattern and how to trade it.
So go watch it now...
** FREE TRAINING **
Stock Trading Secrets:
https://www.tradingwithrayner.com/sts/
** TRADING BOOK **
Price Action Trading Secrets: https://priceactiontradingsecrets.com/

In this video I Want to share with you my favorite chart pattern to trade the market. So the first thing to look for is for the market to be in a downtrend like this. Okay then you're on the market to go into a range telling you that there are buyers stepping in right to fight against the sellers, right? Cheesy. But yeah then you're looking for a build up over here at the highest of resistance otherwise known as a consolidation the title the Better. When you see this you then you want to place a buy stop order above the high of resistance. So the moment Market breaks above the highs you buy and see if you can catch the move up by you. So what you're seeing over here on this chart is that we have a downtrend as you can see over here Market is heading down lower. We have this range over here and we have this type consolidation otherwise known as a build up over here. Where is the extreme highs? This is the extreme highs of resistance every place a buy stop order above the highs. This means that if the market breaks Above This highs we will be long. Let's see in this case you can see that the market got long or rather triggered our buy stock order and we're along somewhere about here and you can see that this is a strong breakup and in such a trade I like to Trail my stop-loss to ride the train up higher so you can use the 50ma to Trail your stop loss.

By Stock Chat

where the coffee is hot and so is the chat

3 thoughts on “My favorite chart pattern”
  1. Avataaar/Circle Created with python_avatars CatchingPips Fx says:

    That’s accumulation

  2. Avataaar/Circle Created with python_avatars Trading HT 📈 says:

    Boom!

  3. Avataaar/Circle Created with python_avatars Tuomas Laakso says:

    This IS daily Time frame?🤔 1D I can See up left corner…

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.