The best chart pattern for forex trading signals

Discussion in 'Trading Systems and Strategies' started by best forex, Sep 28, 2018.

  1. be

    best forex New Member
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    The best chart pattern for forex trading signals

    Elliott Wave pattern

    Zigzag

    A zigzag is a sharp, three-wave corrective pattern, labeled A-B-C. Wave A is always an impulse or leading diagonal, and wave C is always an impulse or ending diagonal.

    Wave B is always a corrective wave, that is zigzag, flat, triangle or combination. Therefore, we call the zigzag a 5-3-5 structure

    In a zigzag, wave B can never go beyond the start of wave A, and wave C almost always goes beyond the end of wave A. If wave C does not go beyond the end of wave A, it is called a truncated wave C. Zigzag corrections can take the form of one, two, or three zigzags. Three zigzags appear to be the limit.


    zigzags A zigzag is a simple three-wave correction that subdivides into wave A (five waves), wave B (three waves), and wave C (five waves)


    Measured Move

    The best forex signals provider based on the Measured Move pattern to send forex signals because it easy and popular

    Measured Move Up : Prices move up, retrace, and then move up Again.

    The Measured Move is a three-part formation. The Bullish Measured Move consists of a first leg uptrend , bearish correction/consolidation, and second bullish leg or wave.




    First leg

    Most times prices follow a trend channel upward before entering

    the corrective phase.

    Corrective phase

    Prices decline, usually between 40% to 60% of the first leg move .

    Second leg

    Prices rise, loosely following the slope of the trend line set by the

    first leg. Prices commonly fit inside a channel as they rise, but this

    behavior is not a prerequisite

    Measure rule

    Calculate the height of the first leg from highest high to lowest

    low. Add the difference to the lowest low in the corrective

    phase. The result is the expected target price. For a more

    conservative measure, use half the first leg height. Decide if the

    predicted move is worth the risk of a trade.


    in classic technical analysis patterns called The AB=CD pattern


    the zigzag pattern is the most important pattern we used in best forex signals to generate forex signals
     
  2. Ed

    Edith.M New Member
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    Hi, agree with you, my friend and I have been using the cup and handle as well as pin bars. How do you compare them with the zig zags in terms of profitability and consistency?
     
    Last edited: Oct 5, 2018

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