Two for the price of one bear patterns, Get em now while supplies last :) lol
This setup has given a few traders the achey fakey in trying to predict what pattern is forming.
Just following structure using support and resistance areas to place my entries and stops.
If Pattern Completes Then I Will Look at RSI IF RSI is Overbought Then I will Look for Candlestick Confirmation
I am so excited that trading view is now offering paper trading for all users. This is my first paper trade on this platform and I think it is going to be a good one
If Your a counter trend trader you could short on the D leg of course with candlestick confirmation. Me I would wait for trend confirmation and ride.
Bearish Bat IF bat pattern completes THEN I will I will look for RSI confirmation IF I get RSI confirmation THEN I will look for candlestick confirmation IF I get candlestick confirmation THEN I will enter the trade short @ market
I can see several different entry points all would be shorts though.
Newbie Pattern Trader Think I see a Cypher Pattern IF pattern completes Then I will wait for candlestick confirmation IF I get candlestick confirmation Then I will go short
I could go long then once the pattern completes go short. It will probably be better to wait to see if the pattern completes
Waiting for pattern to complete so I can short