RE: Mastering the Sharkfin Model for Trading.
Criteria | Remark |
---|---|
Verified user | ✅ |
#steemexclusive | ✅ |
Free of Plagiarism | ✅ |
AI Article | ✅ Original (Human text!) |
#Club | club5050 |
Bot free | ✅ |
Comment/Recommendation
You did a good job explaining the Sharkfin model and its identification on a price chart. Your description of the pattern's visual characteristics, such as the sharp move in price and quick reversal, is clear and accurate.
Your overview of the RSI indicator and how it helps identify Sharkfin patterns is thorough. You correctly highlight the significance of the 70 (overbought) and 30 (oversold) levels in identifying potential Sharkfin patterns.
You provide detailed criteria for entering trades based on bullish and bearish Sharkfin patterns. The step-by-step approach, including RSI levels, price movements, and confirmation signals, is very well structured.
Your discussion of specific signals before entering a position is thorough and practical. You accurately describe the importance of waiting for confirmation signals and considering support and resistance levels.
Overall, your post demonstrates a strong grasp of the Sharkfin model and its application in trading. With the addition of visual aids and summaries, it could serve as an excellent educational resource for traders looking to master this trading pattern. Excellent work!
Total| 9/10
Thanks for the review prof.