What is the Measured Move Up
The Measured Move Up 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 Up
The Measured Move Up chart pattern consists of multiple candlesticks that form identical peaks. The first candlestick is bullish and moves in an uptrend. The second candlestick signifies a slight downfall and is bearish. The third candlestick is again bullish and moves in an uptrend like the first candlestick. This pattern continues on for quite some time.
How To Trade Measured Move Up Chart Pattern
You should buy when price close above upper red doted horizontal line, for stop loss you should look bellow bottom horizontal red line (support)