DROP , BASE , RALLY Pattern
DROP , BASE , RALLY pattern is my most favorite pattern to identify on charts and take trades accordingly.
Simple explanation of this pattern is that '' price drops to a certain level and then starts accumulation or form base level with bit of liquidity hunt to the down side. Bullish rally begins after the liquidity hunt and formation of strong base.
In this pattern we can take several trades by managing risk with the stop loss at previous low or high.
This Pattern can be identify in any financial market with the accuracy of above 80%. (personal point of view on experience)
Not a financial advice, trade on your own risk. Only for educational purpose.
Regards:
Javed ali nagri
Simple explanation of this pattern is that '' price drops to a certain level and then starts accumulation or form base level with bit of liquidity hunt to the down side. Bullish rally begins after the liquidity hunt and formation of strong base.
In this pattern we can take several trades by managing risk with the stop loss at previous low or high.
This Pattern can be identify in any financial market with the accuracy of above 80%. (personal point of view on experience)
Not a financial advice, trade on your own risk. Only for educational purpose.
Regards:
Javed ali nagri
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.