Confirming volume adds credibility to the trade, as low-volume breakouts are often inaccurate and can lead to false breakouts. To ensure that the breakout has sufficient momentum, some traders refrain from opening a position until the volume spike occurs. After a breakout, the price often retests the how to trade descending triangle previously broken support […]
It typically forms during a downtrend but can also appear in an uptrend. It shows that sellers are becoming more dominant, while buyers are struggling to push the price higher, which could lead to a breakdown below a key support level. It develops when the price makes lower highs while the support level remains flat, […]
The three white soldiers candlestick pattern is a bullish reversal pattern comprising three green 6 best forex currency pairs to trade in 2021 or white candlesticks. The pattern usually appears at the end of a downtrend and forms when buyers take control of the market after a period of sustained selling pressure. The three consecutive […]
As a consolation, if the pattern is extremely bullish with accompanying volume, you might decide to put your stop at the low of the last soldier candle. If you were to buy three white soldiers at the confirmation of the last candle, that’s three really large candles to set a stop against. It’s simply too […]
