“A Trader just find a best pattern to follow in his life”
I wanna create a series about the patterns I am following that have helped me to profit in this market.
This is one of the patterns what I often expect, I want to start with it because it is one of the most ideal in my opinion.
-> The price moves up and accepts a new Value Area, then I will look for a buy signal.
Moving up in a continuing uptrend means you’re buying in a position that is recognized by the community as bullish. In addition, you’ll has the backing of big buyers who bought from the low value area, they want to protect and strengthen their position.
This is different from buying on a reversal pattern, where you have to fend off many sellers on the way up, as these sellers need to protect their positions. So even though this pattern offers a bigger profit (if you win), in terms of trade-offs, I still choose to buy on the continuation position.
How about you?