Fish Hook Pattern Trading

To identify this tremendously trustworthy signal look for the following criteria.

Fish hook pattern trading. A lot of traders in jason bond picks and millionaire roadmap have been asking me about my fish hook pattern. The rocket pattern is a little different than the fish hook pattern. You can see the fish hook pattern on the right of the chart. Second the pattern should be composed.

You can see that in real life the fish hook trading pattern does take the rough shape of a fish hook but it can be a little messier looking. The ross hook pattern is a breakout forex trading strategy. That said the fish hook is one of my favorite trading patterns but i don t always trade it. 2 the stock finds an area where it has a hard time breaking below.

On the other hand with the rocket pattern i m looking to play for the breakout. Fish hook pattern explained. First a downtrend must be in progress. If you followed hit and run candlesticks into onty you are up 21 urz up 13 and sold cdti for 20 two days ago the price action of yesterday showed a bit.

What to look for with the fish hook pattern. Keep reading to find out my thoughts on when the best time to take this setup and when to avoid it. Now let s look at the power of the fish hook. The pattern is identified when a.

Since the bullish hook reversal pattern only includes two candles it is easy to spot and analyze. At the end of august share prices fell in steep decline and i purchased shares after the rsi started to recover above 30. This is an excellent question you pose. With the fish hook pattern there are a few things we re looking for 1 a steep drop in price.

Check mark s premium course. You see with the fish hook pattern i m looking for beaten down names poised to reverse. The ross hook pattern forms after the formation of 1 2 3 trading pattern. I am not sure i can definitively provide all of the rules to the standard of testibility but here goes.

In the process of waiting for the ross hook pattern to form you can actually trade the 1 2 3 pattern breakout as well. Bullish hook reversal pattern. In other words i m looking for strong stocks here.