Price consolidation, in many different forms, often precedes the strengthening of trends, or the reversal of price directions. When price consolidation forms, it usually forms discernable patterns that breakout in a common manner. The PRS is 70% accurate for many of the chart patterns it automatically spots.
The PRS scans multiple currencies and time frames looking for price consolidation patterns. When a forming pattern is identified, traders using the PRS will be alerted. Completed patterns offer traders a look at where the price direction is most likely to head, thus offering a potential take profit region. The PRS can be used to spot potentially strong trades, or to confirm the strength of current positions held.
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