All you that swear by price action, come and explain to me why the double bottom and flag patterns I trade, always go against me. the patterns form perfectly, but the minute i take the trade it's like the market changes its mind.
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U need to consider that chart patterns works better when u consider other confluence. For instance I you want to sell at a double top, u have to first consider if the closes below or above the double top. U also have to consider the trend. And the strength of the chart pattern.
Identify trend, find key levels, then look for your patterns. Thats the order which you should follow. if you use price action blindly, you'll only end up blowing your account.
Dont blindly enter based on price action, consider key level of support and resistance.
Price action works, you just dont know how to use it. consider key levels, patience and proper money management before entry.
The market changes its mind🤣 Well first do you consider Support and Resistance levels? Where the pattern is formed is very important, is it at the end of an uptrend or end of a downtrend or middle. These could be the things holding you back.