Forex Trendy is a much more sophisticated application capable of recognizing the most reliable continuation chart patterns. It scans through all the charts, on all time frames and analyzes every potential breakout. After considering the reliability of the pattern it tells you something like this:
Hey, look at USD/NOK on hourly time frame...
the price just broke down from a Triangle! And you see the chart with the trend lines forming the triangle and the breakout point – all that clearly drawn for you.
The trend line looks solid with many touching points, so you are
prepared for the massive breakout. Something you would miss unless you
have supernatural powers to watch and analyze all the charts! Such
events happen very rarely in one single chart. It's not just drawing trendlines, but it's actually looking for reliable patterns formed by strong trendlines having more than two touching points at a certain distance.
Not familiar with chart patterns and these fancy names? You will get the 30-page ebook with tons of real examples "Understanding The Myths Of Market Trends And Patterns" right after subscribing!
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