Hello traders!
After the breakout of the supportive trendline, we can see a pattern that looks like inversed J pattern and it is attached with a supportive trendline.
It's a good sign that Inversed 'J' pattern is attached with a supportive trendline because it's a hope of pullback if it was not attached with the trendline then hoping for a pull was a waste of time.
Now the second phase is a correction pattern most probably in this phase we will see a triangle pattern. After the formation of the triangle it will break upside and as I always teach you bullish breakout is a selling opportunity so it will trap the many traders and will dump again.
In this phase, we can also see an inverted head and shoulder pattern and again breakout of the inverted H&S pattern is not a buying opportunity it's a selling opportunity. You might be confused after learning this but it's the true nature of the graph. (RIP to those who learned never-working methods online and also taught others and sometimes they also try to teach me these patterns). This single tip that I told you that breakout never works is better than most paid courses.
The second pattern is called a Secret flip pattern. It flips the market without letting anyone know because it's the second last pattern from the bottom. People only notice the last inch or last pattern but nobody notices that the true reason for reverse was a pattern that formed a few days back.
Let the second phase be completed then I will talk about the third and final phase.
Don't forget to hit the like button and follow to stay connected.
After the breakout of the supportive trendline, we can see a pattern that looks like inversed J pattern and it is attached with a supportive trendline.
It's a good sign that Inversed 'J' pattern is attached with a supportive trendline because it's a hope of pullback if it was not attached with the trendline then hoping for a pull was a waste of time.
Now the second phase is a correction pattern most probably in this phase we will see a triangle pattern. After the formation of the triangle it will break upside and as I always teach you bullish breakout is a selling opportunity so it will trap the many traders and will dump again.
In this phase, we can also see an inverted head and shoulder pattern and again breakout of the inverted H&S pattern is not a buying opportunity it's a selling opportunity. You might be confused after learning this but it's the true nature of the graph. (RIP to those who learned never-working methods online and also taught others and sometimes they also try to teach me these patterns). This single tip that I told you that breakout never works is better than most paid courses.
The second pattern is called a Secret flip pattern. It flips the market without letting anyone know because it's the second last pattern from the bottom. People only notice the last inch or last pattern but nobody notices that the true reason for reverse was a pattern that formed a few days back.
Let the second phase be completed then I will talk about the third and final phase.
Don't forget to hit the like button and follow to stay connected.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.