Macro Patterns AWS
Macro Patterns
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Weight of Evidence suggests that you should use at least one of the indicators from each ‘family’ in order to form an opinion about the share price’s likely direction. The Line family The Moving Average family The Momentum family The Volume family The Pattern family
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If a candlestick or macro pattern is not confirmed, this sends a powerful signal to the trader.
Support Failure & Change of Polarity
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4, Top & Bottom Reversal Violent change of direction, typically on heavy relative volume A Bullish V-Reversal on low volume may be a dead cat bounce – so beware!
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© copyright www.tradinggame.com.au
© copyright www.tradinggame.com.au
'
!
Weight of Evidence suggests that you should use at least one of the indicators from each ‘family’ in order to form an opinion about the share price’s likely direction. The Line family The Moving Average family The Momentum family The Volume family The Pattern family
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Top & Bottom Reversal Support or Resistance touched twice Confirmed when neckline broken
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© copyright www.tradinggame.com.au
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If a candlestick or macro pattern is not confirmed, this sends a powerful signal to the trader.
Support Failure & Change of Polarity
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© copyright www.tradinggame.com.au
3
4, Top & Bottom Reversal Violent change of direction, typically on heavy relative volume A Bullish V-Reversal on low volume may be a dead cat bounce – so beware!
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© copyright www.tradinggame.com.au
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