Besides the classical patterns such as doji reversal days and (inverted) hammer candle stick days there are even more powerful patterns that will tell the daytrader which direction he should be trading:
- Trend Continuation on break of prior Swing high
- Trend Continuation on break of prior day high
- Reaching the double top
- Reverse at 50% of prior days range
- Bounce of double bottom
- Oops Setup (Opening Price Below Prior day close and low and price returns to prior close, in best case at the spot where we have a double bottom on daily charts)
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