3 powerful forex price patterns

3 powerful forex price patterns show you how to use 3 powerful price patterns in forex. This a an very-short useful ebook. Just 10 minutes to read but it can change your trading result.

Category: Forex

Author: Unknown

Language: English

Download link: At the end of the post

Read more: Harmonic trading volume 3

3 Powerful BULLISH Price Patterns

@ Logical SUPPORT LEVELS in an Established UP Trend

3 Powerful BEARISH Price Patterns

@ Logical RESISTANCE LEVELS in an Established DOWN Trend

Bullish Outside Vertical Bar (BUOVB)

The HIGH and LOW must exceed the Prior Bar’s HIGH and LOW and the CLOSE must close in Top
Quarter of the Bar’s Range
 ONLY USED at Logical SUPPORT in an established UP Trend

Bearish Outside Vertical Bar (BEOVB)

The LOW and HIGH must exceed the Prior Bar’s LOW and HIGH and the CLOSE must close in
Bottom Quarter of the Bar’s Range
 ONLY USED at Logical RESISTANCE in an established DOWN Trend

Inside Vertical Bar (IVB)

>> IVB @ Logical SUPPORT in an established UP Trend

The HIGH and the LOW both must be Inside the Previous Bar’s Range (the HIGH is Lower than the
Previous Bar’s HIGH and the LOW is Higher than the Previous Bar’s LOW)
 ONLY USED at Logical SUPPORT in an established UP Trend
 It does NOT MATTER where the Bar Closes

>> IVB @ Logical RESISTANCE in an established DOWN Trend
 The HIGH and the LOW both must be Inside the Previous Bar’s Range (the HIGH is Lower than the
Previous Bar’s HIGH and the LOW is Higher than the Previous Bar’s LOW)
 ONLY USED at Logical RESISTANCE in an established DOWN Trend
 It does NOT MATTER where the Bar Closes

Blow-Off Bar (BOB)

>> Bullish Blow-Off Bar (BUBOB) / Hammer
 The OPEN and CLOSE must be in the Top Quarter of the Bar’s Range and the LOW of the Bar exceeds
the Prior Bar’s LOW with the Blow-Off Bar’s Range about 125% Larger than the Prior 3 to 5 Bars
 ONLY USED at Logical SUPPORT in an established UP Trend

>> Bearish Blow-Off Bar (BEBOB) / Shooting Star
 The OPEN and CLOSE must be in the Bottom Quarter of the Bar’s Range and the HIGH of the Bar
exceeds the Prior Bar’s HIGH with the Blow-Off Bar’s Range about 125% Larger than the Prior 3 to 5 Bars
 ONLY USED at Logical RESISTANCE in an established DOWN Trend

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