#رأس_الفيل

In technical analysis, the "elephant's trunk" is a pattern that represents a price movement that resembles the shape of an elephant's trunk. It consists of three components:

1. Head: The peak or trough that represents a turning point.

2. Trunk: The pullback or reversal that occurs after the peak or trough.

3. Body: The sideways movement or stability before the major breakout.

How to use it:

Bullish Elephant: It appears in a downtrend and indicates the potential start of an uptrend after a pullback.

Bearish Elephant: It appears in an uptrend and indicates a potential reversal to the downside.

Traders watch this pattern to identify opportunities to enter or exit the market after it is completed.