FTSE IS Showing a Bullish Alt Three Drives Pattern - forex trading classes in singapore

FTSE IS Showing a Bullish Alt Three Drives Pattern ~ forex trading classes in singapore

This Fibonacci Pattern on the 240 minute chart could be showing the end of the drop in the FTSE.

The Bullish Alt 3 Drives Fibonacci Pattern, not as precise as the regular 3 Drives Pattern is nonethe less based on significant Fibonacci numbers.


As you can see in the chart, this pattern has sequence of .886 1.618 and 1.272 which are generally regarded as significant in the formation of a Fibonacci Pattern.

This particular Pattern spans the period from the end of September until now making it a relatively strong Pattern and I expect to see the price on the FTSE start to move higher in coming days.

The FTSE index is an Index of 100 companies listed on the London Stock Exchange.  For more information on the Index you can refer to Wikipedia at this page.

I am attaching a weekly chart which shows two things…..

Notice the Bullish Divergence on the Macd Histogram and the double bottom…… two signs that the decline is about to end.

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What is Flag Pattern Charting analysis Strategy in Forex Trading - forex trading courses new york

What is Flag Pattern Charting analysis Strategy in Forex Trading ~ forex trading courses new york

Flag Pattern Strategy in Currency Trading

Forex trading now being very popular through out the world . Many investors like to trade in Forex than stock markets . But , Without proper basic knowledge , traders or investors can loss all their valuable money. So before investment in Forex Market, traders should learn few basic fundamentals & strategies to reduce risk. The "Flag Pattern Charting analysis" is a common and highly effective price reversal pattern in Forex Market. 

The Flag pattern usually occurs after a significant up or down market move. After a strong move, prices usually need to rest. This resting period usually occurs in the shape of a rectangle, thus the word "flag". The Flag is considered a continuation pattern because after resting, prices will usually continue in the direction they did before.

Flag Buy Signal
When price has moved higher and prices have consolidated, creating a channel of support and resistance, a buy signal is given when prices penetrate and close above the upward resistance line.

Flag Sell Signal
Assuming prices previously moved downward, then after a period of price consolidation, a sell signal is given when price penetrates and closes below the support line.

See the above chart to be specific.

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What is Hikkake Pattern in Forex - forex trading courses reviews

What is Hikkake Pattern in Forex ~ forex trading courses reviews

The Hikkake Pattern is a more variable candlestick formation in that it can indicate either reversals or continuations, depending on the overriding trend seen in the market. The pattern is sometimes referred to by other names, such as an Inside False Breakout or a simple Fake Out but since these terms can also apply to other patterns, the term Hikkake is generally preferred. 



The pattern is made up of a period of stalling (a contraction in volatility), which is then followed by a short-lived price move that initially fools unsuspecting traders with respect to the next major price direction. However, like the other patterns, the Hikkake should not be viewed as a stand-alone signal capable of generating trades on its own.

There is a bullish and bearish version of the pattern. In both cases, the first candle is an Inside Bar (higher low and lower high, relative to the previous unit). Then, we see a candle with a higher low/higher high (for the bearish pattern), or a candle with a lower low/lower high (for the bullish pattern). Confirmation that a true pattern signal has been generated comes when price falls below the low seen in the first candle (in the bearish pattern), or when prices rise above the high seen in the first candle (for the bullish pattern). This confirmation must be seen within three candles of the last bar, or the signal becomes invalid.

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