PRICE_PATTERNS_FOR_TRADERS6

PRICE_PATTERNS_FOR_TRADERS6 - PRICE PATTERNS FOR TRADERS...

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PRICE PATTERNS FOR TRADERS FLAGS PENNANTS WEDGES SAUCERS AND ROUDING TOPS KEY REVERSAL DAYS GAPS
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IN THIS SESSION, WE WILL TAKE A LOOK AT SOME PRICE CONFIGURATION THAT, FOR THE MOST PART, DEVELOP DURING A TREND THESE FORMATIONS GENERALLY TAKE FAR LESS TIME TO COMPLETE, AND AS A RESULT, ARE ONLY OF VERY SHORT-TERM SIGNIFCANCE
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<3 WEEKS TO DEVELOP RECTANGLE FORMATION
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VOLUME SHRINKS TO NOTHING BY THE TIME IT'S READY TO BREAK OUT
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FLAGS REPRESENT A SHORT-TERM PERIOD OF PROFIT TAKING FLAGS ARE RECOGNIZED BY A RELATIVELY HIGH MASTSHOWN BY THE BLUE ARROW
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THE FLAG APPEARS USUALLY HALFWAY OF THE RALLY…
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NOTICE THE INCREASE IN VOLUME AS THE FORMATION BREAKS OUT
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FLAGS ARE A CONTROLLED PERIOD OF PROFIT TAKING, OR LOSS CONSOLIDATION IN DECLINING MARKETS. HEAVY VOLUME AND/OR LENGTHY FORMATION PERIODS ARE NOT REPRESENTATIVE OF THAT.
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PENNANTS ARE JUST LIKE TRIANGLES, WITH 2 CONVERGING LINES MOVING IN DIFFERENT DIRECTIONS : ONE UP AND THE OTHER DOWN. <3 WEEKS TO COMPLETE SO THEY NEVER APPEAR ON WEEKLY OR
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PRICE_PATTERNS_FOR_TRADERS6 - PRICE PATTERNS FOR TRADERS...

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