Mastering Basing Patterns: Profitable Trades Now
Let's explore basing patterns—periods of price consolidation preceding significant market movements. Understanding these patterns can significantly enhance your trading strategy. We'll examine two prevalent types: the "cup with handle" and the "flat base," detailing identification techniques and risk mitigation strategies. Understanding Basing Patterns: The Market's Pause Imagine a runner briefly resting before a final sprint. Basing patterns are analogous: after a price drop, the market may consolidate within a range before a potential upswing....