And then ttrading see a bullish Piercing line reversal candlestick form right at the area of confluence. Thanks Heaps Nial Hey Nial. Or another option would be to measure the distance between the neckline and the highest peak the range and use that difference in pips as take profit target if you are trading the breakout from the neckline. When the market is heading down, it forms down swings and up swings as it continually moves lower. The use of reversal candlestick trading on support and resistance levels becomes very handy in these cases.
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The Top 5 Technical Indicators for Profitable Trading
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