In this case, the probability of a triple top pattern with the formation of the third price high increases. This pattern’s highs can be placed at the same level or in growing order. The three mountains pattern is formed much less frequently on candlestick charts. While the double bottom signals a bullish trend, its counterpart, the double top, indicates a bearish trend. Both are technical … Continue reading Double Top Strategy

Thus, the Bollinger Bands, in conjunction with price action analysis, can be a valuable tool for informed trading decisions. The Bollinger Band is calculated by first finding the simple moving average of the security’s price over a set period of time. beaxy exchange review On longer timeframes, Bollinger Bands tend to be more reliable in identifying trends and potential reversals. Over the past few days, … Continue reading How to Master the Bollinger Band Squeeze Indicator for Higher Profit Margins