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#7: Railway Track Patterns
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The locations
where these reversal
Let me explain:
If you see a bullish reversal
candlestick pattern on
probability that price will go UP? Quite high! (This is Trendline Trading Strategy Setup) .Same
but opposite thing for a bearish reversal candlestick formation on a downward trendline.
But this
is not the Trendline Tradi
getting to that…
Many times, you will
see price go and touch a
moment but it bounces back in obedience to
the trendline BUT then it
away from the trendline and will usually
when trendlines get intersected.
Usually, this situation cannot be seen clearly in the larger timeframes, but if you switch to the
smaller timeframes, you will see this.
For example:
if price bounces up
reversal candlestick pattern but about say 1
momentum and you see a bearish reversal
Now, two things can happen here:
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