DislikedThanks jebatfx for keeping this thread alive. I always look out for your analysis. Here is my analysis. It is simple, as usual, and I like it that way.
Below is a perfect example of a megaphone formation which is a relatively rare chart formation with a high reliability rate. That does not mean you can trade it blindly. For experienced traders only.
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This formation is characterised by higher highs and lower lows - a volatile battle between bulls and bears. At a swing high, this is a bearish formation. It typically...Ignored
I ve read this some where: Is this wut also known as "The Wolf Wave"?
Psychology = Nature = Evolving Forex Market rite?