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For longer range trend analysis going back five or ten years, weekly and monthly charts can be employed. It's pretty tough doing a market analysis of so many markets. Moving averages smooth the price action and make it easier to spot the underlying trends.
It is up to you if you are going to close the head and shoulders position and then open another short position to trade the rising wedge. We have a double top pattern when after an uptrend the price creates two tops approximately on the same level. It is absolutely the same with the triple top and triple bottom formations.
Any statements posted by forum members about profits or income expressed or implied, do not represent a guarantee. Market Monitoring A great forex secret trading skill would be the ability to learn about latest news and economic developments pertaining to specific countries or markets. Break Even after point:
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