chart patterns 3 for begineers trader whi want
- 2. THERE ARE VARIOUS KINDS OF CHART PATTERNS THAT THE MARKET REPEATS
- 3. SYMMETRICAL TRIANGLE The triangle patterns are known as bilateral patterns which means that they have probability of breaking in both sides(buy/ sell). There are equal chances that it may break upside or downside( as it is bilateral)
- 4. DESCENDING TRIANGLE The triangle patterns are known as bilateral patterns which means that they have probability of breaking in both sides(buy/ sell). There is high probability that it breaks downside
- 5. ASCENDING TRIANGLE The triangle patterns are known as bilateral patterns which means that they have probability of breaking in both sides(buy/ sell).There is high probability that it breaks upside
- 6. DOUBLE TOP A double top has an M shape and indicates bearish reversal in the trend. The pattern forms two peaks above the support level called neckline. When the price breaks through neckline or support level then bearish reversal trend is seen
- 7. DOUBLE BOTTOM A double bottom has a W shape and indicates bullish reversal in the trend. This pattern forms two lows below a resistance level also known as neckline. When price breaks through resistance level or neckline then there is bullish trend reversal and traders can enter a long position
- 8. RISING WEDGE Rising wedge forms after an uptrend and indicates bearish reversal.
- 9. FALLING WEDGE Falling wedges form after a downtrend and indicates bullish reversal.
- 10. HEAD AND SHOULDER Rising wedge forms after an uptrend and indicates bearish reversal.
- 11. INVERTED HEAD AND SHOULDER It consists of left shoulder, head and right shoulder. The inverted h&spattern is just opposite to h&s pattern. It indicates bearish to bullish trend reversal after neckline breakout
- 12. COMPLEX TOP Complex head and shoulder pattern is traded the same way just as head and shoulder. Their structure of formation is just a bit complex than the normal pattern. COMPLEX BOTTOM
- 13. BULL FLAG A bear flag will look like an inverted bull flag. Bear flag highlights consolidation after an aggressive move lower. Bull flag is traded after price breaks support level of consolidation to find short entry
- 14. BULLISH PENNANT It is a continuation pattern. It indicates strong upward price move
- 15. BEARISH PENNENT It is a continuation pattern. It indicates strong price movement downwards
- 16. TRIPLE TOP It is a continuation Triple top is a bearish reversal pattern that occurs at end of an uptrend. It is often traded after it breaks neckline in order to initiate sell position pattern. It indicates strong price movement downwards
- 17. TRIPLE BOTTOM Triple bottom is a bullish reversal pattern that occurs at end of a downtrend. There are three consecutives lows formed at the same level and it is often traded after break of neckline in order to initiate a long position.
- 18. Thank You! We'd love to hear your question or clarifications.