When it comes to price action patterns, most traders will think of… “Hammer” “Shooting star” “Engulfing pattern” Now, these are easy patterns to learn for beginners. But, if you want to take your price action trading skill to the next level, then you must master new price action patterns. That’s why in today’s post, you’ll discover 5 price action patterns that work—so you can develop sniper trading entries to trade market reversals, trend continuation, and even breakouts. Ready? Then let’s begin… This post was originally posted here. The writer, Rayner Teo is a veteran community member and blogger on InvestingNote, with a username known as @Rayner and has 617 followers. Price action pattern #1: False break The false break is a reversal price action pattern that allows you to buy low and sell high. Here’s why it works: Imagine, the price makes a strong bullish move into resistance—and breaks out higher.

Advertisements