3 Push Pattern is one of the several useful price actions. It is a trend reversal pattern. It consists of 3 impulse movement. These movements are panic movements with big volume. The movements can be recognized from the big volume. The market tries to go in one direction 3 times but fails. After the third movement there is a trend line break and a new trend starts in the opposite direction.
Sometimes there is divergence and the second and third panic movement has smaller volume despite of higher highs or lower lows.
3 Push Pattern is frequent in the EuroStoxx. Today the market tried to go lower 3 times but it was rejected. The Volume Profile signaled that it was an accumulation phase. After Citigroup earnings report the market broke out to the upside.
Sometimes there is divergence and the second and third panic movement has smaller volume despite of higher highs or lower lows.
3 Push Pattern is frequent in the EuroStoxx. Today the market tried to go lower 3 times but it was rejected. The Volume Profile signaled that it was an accumulation phase. After Citigroup earnings report the market broke out to the upside.
hi i am deepak from india i too want to use our prooved strategy in your market can we try it on your markets? let hope it works there too .... thanks in advance friend
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