The real importance of using your trading signals
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AWARDS
Failed break occurs when the price is breaking through support or resistance levels but doesn’t have enough momentum in order to maintain the price and the direction of the movement. Since the validity and the price for failed break are compromised, traders tend to pull their money off a trade like that.
Bearish belt is a trading pattern the usually forms on the uptrend. Here are the main traits of bearish belt:
- Following a stretch of bullish trades, a bearish or black candlestick occurs;
- The opening price, which becomes the highest for the day, is higher than the closing price of the previous day;
- The asset price declines through the day, resulting in a long black candlestick with a short lower shadow and no upper shadow.
What members write about us: 31.01.2019
- Anna K.
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