Master the Art of Technical Analysis! 📈📉
Unleash the power of chart patterns and indicators to predict market trends and make informed trading decisions.
Key Concepts:
Bearish Impulse: A strong downward movement in price.
Broken Structure: A breakdown of a previous support or resistance level.
Broken Rising Wedge Pattern: A bearish reversal pattern.
Trading Strategy:
Short Entry: Consider a short position after a bearish impulse and broken structure.
Stop-Loss: Place your stop-loss above the recent high.
Take-Profit: Use technical analysis tools like Fibonacci retracement or price targets to determine profit levels.
Remember:
Risk Management: Always use stop-loss orders to protect your capital.
Confirmation: Combine technical analysis with other factors like fundamental analysis and market sentiment.
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