Measured Move Down Chart Pattern – School
What is the Measured Move Down
The Measured Move Down is a multiple candlestick chart pattern that is a combination of both a continuation pattern and a reversal pattern. This pattern is popularly followed by swing traders.
Understanding the Measured Move Down
The Measured Move Down chart pattern consists of multiple candlesticks that form identical peaks. The first candlestick is bearish and moves in a downtrend. The second candlestick signifies a slight uptrend and is bullish. The third candlestick is again bearish and moves in a downtrend like the first candlestick. This pattern continues on for quite
How To Trade Measured Move Down Chart Pattern
After the price broke bottom red horizontal line you should be open sell position and place your stop above upper horizontal red line.