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get free forex trading signals by Simple ABC Correction

frees2020

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get free forex trading signals by Simple ABC Correction

What should you look for when searching for measured moves?
Here’s a list
• Measured moves act as reversals of the prevailing price trend. For
MMUs, look for a downtrend before the chart pattern begins.
For measured move down , look for an uptrend preceding the pattern.

• The first leg should be a straight-line run with little curve to it.

• The corrective phase should be proportional to the first leg. Prices
usually retrace 40% to 60% of the first leg move. Be suspect of
larger retraces. Pair large first legs with large retraces; small first
legs with small retraces. Avoid patterns that look like horizontal
saw teeth—the retrace has gone too far.

• The second leg should approximate the slope of the first leg, but allow variation.

• Volume trends downward throughout the pattern.

Simple ABC Correction Trading Tips and free forex signals

Draw a trendline from A to C and extend it downward. When
price closes above the trendline, buy.

• For more aggressive traders, draw a trendline down from C and
buy when price closes above it (see the dashed line in the figure).
Also, a close above the intraday high at valley B works.

• For more conservative investors, a close above C or even A is the
buy signal.

• Buy only if the market and industry are both trending upward, so
the stock can make the most of upward momentum.

• Be prepared for price to reverse at A—36% do, and prices drop,
confirming a double top.

The larger the corrective phase retrace, the better the chance of
meeting the price target

www.freeforex-signals.com


free forex signals presents forex trading signals via SMS , Email and WhatsApp for Free
 
get free forex trading signals by Simple ABC Correction

What should you look for when searching for measured moves?
Here’s a list
• Measured moves act as reversals of the prevailing price trend. For
MMUs, look for a downtrend before the chart pattern begins.
For measured move down , look for an uptrend preceding the pattern.

• The first leg should be a straight-line run with little curve to it.

• The corrective phase should be proportional to the first leg. Prices
usually retrace 40% to 60% of the first leg move. Be suspect of
larger retraces. Pair large first legs with large retraces; small first
legs with small retraces. Avoid patterns that look like horizontal
saw teeth—the retrace has gone too far.

• The second leg should approximate the slope of the first leg, but allow variation.

• Volume trends downward throughout the pattern.

Simple ABC Correction Trading Tips and free forex signals

Draw a trendline from A to C and extend it downward. When
price closes above the trendline, buy.

• For more aggressive traders, draw a trendline down from C and
buy when price closes above it (see the dashed line in the figure).
Also, a close above the intraday high at valley B works.

• For more conservative investors, a close above C or even A is the
buy signal.

• Buy only if the market and industry are both trending upward, so
the stock can make the most of upward momentum.

• Be prepared for price to reverse at A—36% do, and prices drop,
confirming a double top.

The larger the corrective phase retrace, the better the chance of
meeting the price target

www.freeforex-signals.com


free forex signals presents forex trading signals via SMS , Email and WhatsApp for Free
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