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Chart Patterns Cheatsheet

The document outlines various technical analysis patterns that can be used to identify potential buy opportunities in stocks. It describes several chart patterns including cup with handle, double bottom, saucer base, flat base, square box, ascending base, high tight flag, three tight closes, and short stroke. For each pattern, it provides details on typical price movements, timeframes, ideal entry points, and other characteristics to consider when identifying these patterns.

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10578387
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1K views

Chart Patterns Cheatsheet

The document outlines various technical analysis patterns that can be used to identify potential buy opportunities in stocks. It describes several chart patterns including cup with handle, double bottom, saucer base, flat base, square box, ascending base, high tight flag, three tight closes, and short stroke. For each pattern, it provides details on typical price movements, timeframes, ideal entry points, and other characteristics to consider when identifying these patterns.

Uploaded by

10578387
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Cup w/ Handle Double Bottom Saucer Base

20-50% Usually < 20%


12-30%
preferably >20%
BP BP
13-14%
>35% BP if on BP
1+wks hvy vol
15% (Shakeout
30% uptrend
Plus 3)
7 to 65+wks 7 wk min 7 to 65+ wks
Defects:
(w/o handle 6 wk min) >20% uptrend

Flat Base Square Box Ascending Base


BP
BP

BP
10-20% each
10-15% pullback
10-15% >20%
5 wk min
uptrend
• often in uneven market
• often when market not • best if shallower each time
4-7 wks
making much upward
30% uptrend progress • avoid wide and loose action
9-16 wks

High Tight Flag 3 Tight Closes Short Stroke

BP
BP

BP
3-5 wks 10-20%
Can be 25% • secondary BP • secondary BP
• 1.5%
closes within 1% • closes within 1%
• RARE • vol drops • vol drops
• tighter the better • tighter the better
100-120% uptrend
4-8 Weeks, Can be more.

Misc Rules
Pullback
Handles • all BP +10 cents
Previous Buy range
• ideal prior uptrend >30%
breakout • for wks abv avg vol: #up>#down
• up 20% for new base
BP
• undercut base resets base count
Lower volume • 66% of 3rd stage base fails
• 80% of 4th stage base fails
5 day min • Must rebuy here after • in base bottom look for:
>15% bull shake out & rebound on • shakeout
>30% bear higher vol (IBM 1926) • tight closes
• Can add first 2 times it
50 dma • volume dryout
pulls back to 50dma
• accumulation

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