Essentially, we are looking for upper or lower double or triple parts and all the variations that will be explained later. These are formations, where the price hurt at least twice in a row similar prices (and not respected). These are fairly simple ways to know which are the most important turning points in the prices.
If a major turning point in the real-time price to identify, it allows you a new operation in the direction of rotation to open, with a stop loss lower than the price rotation range. If you can win these tricks, you can start bartering again and get a good reward for risk reasons.
The separation between the upper and lower parts of the key. Ideally, you want to search for about 24 to 72 hours.
Note how in the table above, while the first, the lower part is composed of a veil, the second floor is really produced with about 10 consecutive candles. What I mean by “composite candlestick patterns”.
Here is an example of a double ceiling that was made in gold at an extremely high price of $ 1,375 per ounce. Between the peaks there was a period of about 60 hours. A short introduction to almost 2 would make sense at around $ 1368 were with stopping above the maximum at around $ 1376th sessions
There are some variations, so I will explain with examples Candlestick pattern indicators illustrated with reference to time tables. This time is nice to use because it is detailed enough to see the subtleties of price movements, but big enough to filter out a lot of noise. In addition, unlike H4 and daily charts, hourly charts are all alike, regardless of the time zone in which the chart is based.