The POWERFUL REVERSAL Pattern You DON’T Know - Pipe Tops and Bottoms

1 year ago
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Introduction: 0:00-0:18
Disclaimer: 0:18-0:22
The Pipe Pattern: 0:22-0:50
Pipe Top: 0:50-1:45
Pipe Bottom: 1:45-2:40
Chart Example: 2:40

The Pipe Tops and Bottoms pattern uses individual candlesticks to determine possible trading opportunities, which can occur on both daily and weekly charts. Yet, Pipe patterns on a weekly chart generally perform better than those on a daily chart.

It may seem similar to a Horn pattern as traders may execute trades based on levels of support or resistance.

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