I have been in the markets as an independent trader since 2003. I use various profitable strategies based on technical analysis, cyclical analysis and financial analysis. My training has been enhanced by obtaining a degree in the economics of financial markets, attending various courses, a trainee-ship with industry professionals, as well as the study of several fundamental books on financial markets. I would like to emphasize my almost total dedication to this activity. The continuous strive for improvement, in order to be more uniform and connected to the market, makes this work one of my greatest passions. I strongly believe that recognizing and understanding "the sense of timing" is a great skill for a trader. Any asset that is subject to supply and demand at least from a buyer and a seller, who act with a common interest “undermined" by psychological behavior. A trading system seeks “to eliminate” the dangerous human psychology component.

Tuesday, 4 June 2013

Us30 30min

We have to wait that the price closes below the confirmation line. Only at that point does the twin-peak pattern becomes a true double top.
Be prepared to short and use a stop to limit the loss in the case that the price confirms the pattern and then drops less than 5% below the breakout price before rebounding.
In my opinion, by now, the price tried a first breaking of the confirmation line and then rebounded, but the pattern is not violated yet because about 65% of the time, price will not drop to the confirmation line before making a new high.

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