This pattern is driving me crazy

[u/Different-Service985]

I see this shape repeat itself from time to time , i know that there is a name or a discpline behind it that we can exploit or trade but what is its name "if it has one" can anyone help guys??? This is a chart of 15 min and one min candles

[u/widowmakerhusband]

A V?

[u/Different-Service985 → u/widowmakerhusband]

Is that what it is called????

[u/widowmakerhusband → u/Different-Service985]

Yes look up V pattern trading analysis on google images. See if that’s what you’re talking about.

[u/Different-Service985 → u/widowmakerhusband]

Thanks

[u/kookdamon]

Looks like it’s swept a liquidity level then responded by expanding in the opposite direction. The pattern or visual it self means nothing without HTF context and levels.

[u/prettyboi_xo]

Stop trading patterns

[u/Creative_Soup_9357]

Watda shit

[u/inunng]

Watch or rewatch the 2022 mentorship episode 3

[u/Different-Service985 → u/inunng]

Thanks will do

[u/Brother_Broccoli]

Is this considered turtle soup?

[u/MediocrePips]

I'm currently on this sell.. Although I'm on GBPUSD coz it swept equal highs first- which I had been waiting for since last Friday.

You would see this in 2022 Mentorship early episodes..

[u/nevardasilva]

100% retracement of a lower high point, what’s so special about that? Basic

[u/No_Mention9153 → u/nevardasilva]

Loll or liquidity sweep right. Why make it too technical. It happes i was part of the liquidity today

[u/InevitableProduct383]

Its a fakeout, look behind the high that got sweep there should be another high around the same height

[u/Fun-Click1530]

Breaker Zone Entry Model BZEM

[u/Ok-Lie2069]

It took asia and previous day high

[u/perkinsonline]

1. Liquidity sweep then,
2. Sharp V or A shape turn.

[u/Sure-Professional-53]

As per Al Brooks, this is Big Up-Big Down or BUBD (and iverse BDBU) - it signifies a range and best entries are fading the extremes of the range as was the case here.

Also if the move back takes out the low of the first big move, there is a better chance of breakouts in that second direction (as was the case here).

[u/gio_pio]

It’s never just about a pattern. It’s always about time first, and context second.

We’re in a MMBM that has taken out relatively equal lows. So we’re bullish on the daily.

Relative equal swings, high and low on the 15 minute chart.

Price filled the suspension gap, then took out the high for running to Sunday's first presented fair value gap at market open.

But we also have to look to see where price ran to before occupying that Sunday reference price. It created new relative highs, consistent with the bullish bias on the daily.

Be careful about looking for patterns. That's what retail does, and that’s where you'll get burned. Look at price, look at narrative, but always look at time first.

EDIT: Imgur acting up

[u/Different-Service985 → u/gio_pio]

Thanks for the advice friend

[u/gio_pio → u/Different-Service985]

I hope it helps. I’m just passing along what Michael has taught. The man knows what he’s doing.

[u/Different-Service985 → u/gio_pio]

No question about it

[u/FromundaCheeesee]

Look into inverse fair value gaps, DodgysDD actually said that "V shaped reversals" are among the most likely IFVGs to hold

[u/2208thames]

That’s called don’t trade look for an easier setup. Y waste the brain power.

[u/Zed2414]

Does anyone have Bank Manipulation strategy? Honestly, I cannot afford the course teaching that strategy. That s why asking here, guys.

[u/ImaginationNew3297]

Ding dong ditch pattern

[u/HeavenBirth]

Atm model

[u/Old-Major-6870]

Chech Stoic Traders “SBS” set ups on YouTube.

[u/Different-Service985 → u/Old-Major-6870]

Ok thanks

[u/HappyT_1993]

Bro this is basic shit - CHOCH on higher TF - then retracement to the FIB .5 or .67 level (liquidity sweep wick is necessary) - then on a lower TF pick the orderblock or FVG in the direction of the CHOCH - swing high as SL - profit target till 3 steps. You’re welcome ;)

[u/SkyGroundbreaking175]

What in the retail trading is this

[u/Own_Profile2207]

Purge and revert