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Charts Pattern2

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Charts Pattern2

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DISCLAIMER THE INFORMATION PROVIDED IN THIS BOOK IS FOR EDUCATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO BE A SOURCE OF FINANCIAL OR LEGAL ADVICE. MAKING ADJUSTMENTS TO A FINANCIAL STRATEGY OR PLAN SHOULD ONLY BE UNDERTAKEN AFTER CONSULTING WITH A PROFESSIONAL, THE PUBLISHER AND THE AUTHOR MAKE NO GUARANTEE OF FINANCIAL RESULTS OBTAINED BY USING THIS BOOK. WE MAKE NO GUARANTEES AS TO THE ACCURATENESS, QUALITY, OR COMPLETENESS OF THE INFORMATION AND WE SHALL NOT BE RESPONSIBLE OR LIABLE FOR ANY ERRORS, OMISSIONS, OR INACCURACIES IN THE INFORMATION OR FOR ANY USER'S RELIANCE ON THE INFORMATION AS BEING APPROPRIATE FOR USER'S PERSONAL USE, INCLUDING WITHOUT LIMITATION SEEKING THE ADVICE OF A QUALIFIED PROFESSIONAL REGARDING ANY SPECIFIC FINANCIAL QUESTIONS A USER MAY HAVE WE ARE NOT A SECURITIES BROKER/DEALER OR AN INVESTMENT ADVISOR. "WE DON'T HAVE TO BE SMARTER THAN THE REST, WE JUST HAVE TO BE MORE DISCIPLINED THAN THE REST" -warren buffet © AKASH KUNDUR, 2022 ALL RIGHT RESERVED. NO PART OF THIS PUBLICATION MAY BE Nene man DISTRIBUTED, OR TRANSMITTED IN ANY FORM OR BY ANY erie eee WRITTEN PERMISSION OF THE PUBLISHER, eveidaaree OF BRIEF QUOTATIONS EMBODIED IN CRITICAL RTAIN OTHER NONCOMMERCIAL USES PERMITTED BY COPYRIGHT LAW. LET'S LEARN VARIOUS CHART PATTERNS DOUBLE TOP PATTERN A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs. DOUBLE TOP WITH CANDLESTICK CHART n't, on, z — yt __t he — I I I l aE BE STOCK WH anh UT see at ae SUPPORT CBE BUS ae B se STS aw sal OTE Ue Bt LEVEL B fora ferent 2 at sa DOUBLE TOP PATTERN wed @, aie fie fort ae SUPPORT @! BREAK wads fa fram 2 ata eT GaT@ e STOCK Br sma A ars are? Breakout @ @ DOUBLE BOTTOM PATTERN A double bottom is an extremely bullish technical reversal pattern that forms after an asset reaches a low price two consecutive times with a moderate support between the two lows. It is confirmed once the asset's price go above a resistance level equal to the high between the two prior lows. / pOUBLE BOTTOM WITH CANDLESTICK C HART HT SS STOCK UE sa UA anes a aR RESISTANCE tte ford ferent ® site fa are stat ore we a LeveL A Sue sont 3 Ae DOUBLE BOTTOM PATTERN Ea 8, sitz fora SUE ae RESISTANCE @} BREAK ats apuw free? C om 31 STOCK wT sq BUS ae ti TRIPPLE TOP PATTERN A tripple top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price three consecutive times with a moderate decline between the three highs. It is confirmed once the asset's price falls below a support level equal to the low between the three prior highs. = _ 7oP WITH CANDLESTICK CHAp, TRIPPLE hy, a, int vn, — yy tes aia ae Ey STOCK We sya} UT Bee 4a son cee DUE om # aie HUE mm Tre St LEVELS ford rear 2 ahaa a PATTERN en &, afte fiba (Sy arrez SUPP 2 fore fear a a omeAK ea aaaaea STOCK 3 aa fore ama area 2. TRIPPLE BOTTOM PATTERN Atripple bottom is an bullish technical reversal pattern that forms after an asset reaches a low price three consecutive times with a moderate support between the three lows. It is confirmed once the asset's price go above a resistance level equal to the high between the three prior lows OTTOM WITH CANDLE Stick TRIPLE Onn CHART HG SS STOCK WH aa} UTA Hee That A RESISTANCE tree ford ferent @ site ford alee aot ore we Gt LEVEL # HUE sor Bl Me TRIPPLE BOTTOM PATTERN wea &. site fthe SUE 7 RESISTANCE @Y BREAK aa arc (oeciT & Gri 8 & arg stock wr sq BUSS arene. HEAD & SHOULDER PATTERN Ahead & shoulder pattern is a chart formation that appears as a baseline with three peaks, where the outside two are similar in height and the middle is highest & breakout confirmed once asset breaks support level & it resembles with human head and shoulder shape thats why it is called as head & shoulder hoe. Ee | AND SHOULDER WITH HE ANDLESTICK CHART aa @S STOCK Be are ae ferert 8 rh we Hd Una HE SUPPORT MES BUS TAT ST z, aie Bue Hla se TOP ga? Ta B UE site Hed aie SIMILAR LEVEL ® Une ate » He Gert Te Sa AST HUE aE fara ferem 8 site & sera 3 HEAD & SHOULDER A GRO 8, ah ates @l Bae Kaas ieee SUPPORT INVERSE HEAD & SHOULDER An inverse head and shoulder is similar to the standard head and shoulder pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. the price falls to a trough and then rises; the price falls below the previous trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward & breaks resistance cise D HEAD AND SHOULDER WITy INVERTE ANDLESTICK CHART I J s my a ia i " it wa BE STOCK FEMS WE a UNA aTee RESISTANCE & fare fren &, site fara reat & are far are fore} BOTTOM wont 2 sea By Uertt sie cfheret STE SIMILAR LEVEL % STENT 3IRbe HUE Tem am 8 afte Gest ore atest sera fae Aes SUE SAAT 8, 7 SA INVERTED HEAD SHOULDER Fel aT 8 ate A vibe Sey SH ora 2 RESIST: ANCE BREAK was uy sr arava | & a Breakout RISING WEDGE PATTERN The rising wedge is a technical chart pattern used to identify possible trend reversals. The pattern appears as an upward sloping price chart featuring two converging trendlines. It is usually accompanied by decreasing trading volume breakout confirmed once it break support trendline goes downward _— IDLESTICK WEDGE WITH CAND RISING CHART 3 PATTERN ad Bt GERIAT , SeTat STOCK HUE St ge HT Bel el 8 BUS WH RESISTANCE TRENDLINE & UT ate stra Beare faa ferent é aitz ford WB SUPPORT TRENDLINE & sia SUE aT @ Site Sea VOLUME eff eS wa A aT e, ma wer oF Hd a Berend SUPPORT #1 BREAK @2® FALLING WEDGE PATTERN The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, breakout confirmed once it breaks resistance trendline and goes upward direction GE WITH CANDLESTICK FALLING WEDGE TT 2 PATTERN Aatt BI Geer & Seal STOCK GT 3d ford fare ver Btat 8. ford SUPPORT TRENDLINE & 41d SUPPORT Clee GETE DUS 3 GAT & Ge Ue RESISTANCE TRENDLINE at 317 fore fare ze! BIT @, SA VOLUME eed ear Ata aarat 2, 2 BT Gar 8 Ht ara 3 RESISTANCE BY BREAK Bee STOCK Uz oT Haye. / Hiding \ / pretest BULLISH RECTANGLE The bullish rectangle is a continuation patterns that occur when a price pauses during a strong trend and temporarily bounces between two parallel levels before the trend continues, breakout confirmed once it break its resistance & goes in upward direction _ ANGLE WITH GANDLESTIcy BULLISH RECT CHART 3a PATTERN 3t STOCK HUE aM Gel Bi @ aaa a Pe waa & fer STOCK we et aa @ ITE SUE ford we Ber eat B, we BOX Sar AAT et ate Bt STOCK BOX RESISTANCE @ ats & SE Sage Rata Ststonx a sre (2) a Breakout 7 N BEARISH RECTANGLE The bearish rectangle is a continuation pattern that occurs when a price pauses during a strong downtrend and temporarily bounces between two parallel levels before the trend continues, breakout confirmed once it break its support & goes in downward direction _ RECTANGLE WITH CANDLESTICK BEARISH CHART 3a PATTERN 3 STOCK ford at Ber Ele & SIaa a PO HA & fee STOCK WE et Ha B sme SUE fore e BET EMT B, WH BOX Sa eT BT aa at STOCK BOX ® SUPPORT a its ® ford eT sr 93 wot Brock ae rt | BULLISH FLAG PATTERN The bullish flag formations are found in stocks with strong up trends and considered good continuation patterns. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a chart & the flag results from a period of consolidation, breakout confirmed once it breaks from upperside of flag yr sys FLAG WITH CANDLESTICK CHApy B 3a PATTERN A STOCK BU atl BEI Bla Sie feed GHENT WS FLAG & POLE % AB stares STOCK BLE ano corm 8 area fibz saat set Prerac aid cart & & fererae 3B Flag Aa fact 2, ate fe G2 FLAG @h BREAK wks ape ST ETAT Seer Sr8 STOCK Sue aT aE, NF Retest Vy iS Breakout BEARISH FLAG PATTERN The beaish flag is an upside down version of the bull flag. It has the same structure as the bull flag but inverted. The flag pole forms on an almost vertical panic price drop as bulls get blind sided from the sellers, then a bounce that has parallel upper and lower trendlines, which form the flag, breakout confirmed once chart break from lower trendline. G WITH CANDLESTICK BEARISH FLA CHART 3a PATTERN STOCK fara Fen aT zer et aa aus POLES a me ee See ae we fs en he Aa aa AT ee ee fete Bue 8 ea a fi pe Sain Se 8 a STOCK fered aT ere Breakout ~Sy zo Retest BULLISH SYMMETRICAL TRIANGLE A bullish symmetrical triangle is a bullish continuation chart pattern. The pattern is formed by two converging trend lines that are symmetrical in relation to the horizontal line. The top line is a bearish trend line creating the resistance, breakout confirmed once chart break resistance & goes upward direction _ gulLish SYMMETRICAL WITH CANDLESTICK CHART 3a PATTERN H STOCK SUE aT Er ete e fee aTGH STOCK Ws TRIANGLE & sere H aire Sat Agr SUE ford Beat craw B, ele ele a SHRINK Blal PrOIAT®, SU RESISTANCE TRENDLINE 1 BRE AK Bae HG STOCK Bue Prec S Aa Ber ot 8, 519 STOCK fat Sug aT fre Aare. s IN Retest 1\ “ a Breakout BEARISH SYMMETRICAL TRIANGLE A bearish symmetrical triangle is bearish continuation chart pattern. The pattern is formed by two converging trend lines that are symmetrical in relation to the horizontal line, lower support line is bullish trendline, breakout confirmed once it break support & goes in downward direction agARISH SYMMETRICAL WITH CANDLESTICK CHART 3a PATTERN & STOCK fart aT GET Ela & fhe ATH STOCK WE TRIANGLE sere & el Tan ager BU ford eat Cra B, effe effe & SHRINK Blot CTATAT 8. fore SUPPORT TRENDLINE 1 BREAK wes TG STOCK fare reer ®, Ala abet ame ot ara oat STOCK Pra aT Pre Aare. Breakout /\ ¥ retest S VYo CUP & HANDLE PATTERN Cup and handle is a technical indicator where the price movement of a chart resembles a "tea cup" followed by a downward trending price pattern. This drop, or "handle" is meant to signal a buying opportunity to buy a stock, breakout confirmed once it break neckline / resistance & goes upward NDLE WITH CANDLESTICK cuP BHA CHART 3H PATTERN # stock fea aT Zar Brat 2 ait Uget are ort ford rie ferent ®, fthe joe sar? Tile aire & SIMU SATE RESISTANCE 3 aera fora fore 8 site gut ore atone & fee Se SOM 8 7h Seer sere we ars wo Ad cha 6, A ote RESISTANCE BREAK aus ance fereci™ ema aera 8 ged see see a\ A Breakout \ / ee INVERTED CUP & HANDLE PATTERN The inverted Cup and Handle pattern forms an upside-down cup and handle. The pattern is formed after a pullback from a swing low before a sell-off to the prior swing low and stalls due to underlying support. The stock then stalls much like a bear flag with slight upward pressure before breaking down below support. TED CUP & HANDLE WITH INVEANDLESTICK CHART 3a PATTERN 4 STOCK BUS aT zer Ele @ aK Ueett sre orb Bue re ae é fhe fared ren é i Ge sa oC BIS SUPPORT ete free SUL AIG she SeeTE Aare A Hue we ae je foe fi fram ba st cs acto WITH NDING TRIANGLE TANDLESTICK CHART 3a PATTERN & STOCK BESTS Ue ra UTE SHIGE RESISTANCE 3 em fara ferent 8, Ue ara fare Tt ftrect oe & aoract ast wa ferent @ aie BUS 36 M8, Ft fora WH TRENDLINE at atic &, i STOCK SHRINK Bia cramat fie fer Te A STOCK SH TRIANGLE B ware fereel feed stock al 8g Bere Breakout Breakout ASCENDING TRIANGLE It is formed as a right-angled triangle with a resistance and a trendline of higher lows, resistance does not allow the chart to move more upward, higher lows show that the buying pressure has increased pattern clearly indicates that the market moves higher as the higher lows are formed heading toward the resistance line. it can break from any direction DESCENDING TRIANGLE It is formed in the downtrend and indicates the continuation of the downtrend. formed as a downward sloping triangle with support and a slope of lower highs support does not allow the chart to move more downward, lower highs show that the selling pressure has increased pattern clearly indicates that the market moving lower as the lower highs are formed heading toward the support line. it can break from any direction ITH ENDING TRIANGLE W FS ANDLESTICK CHART Set PATTERN & STOCK GEaTE Wes Sra UTE gHTee SUPPORT & Ueit BUS SOA 8,08 aI BUL TM 8 Th fect are aeracl aet BA BUT ae afte fora fren, toc we TRENDLINE war att 8. MY STOCK SHRINK BS ara 2. fhe ft of TWH B STOCK SH TRIANGLES were roel feen ¥ stock aTOh Og RATS. TRADING PSYCHOLOGY TIPS 1 AVOID FOMO (FEAR OF MISSING OUT) YOU SHOULD NOT TRY TO CATCH EVERY TRADE, YOUR GOAL AS A TRADER IS NOT TO CATCH EVERY TRADE BUT TO FOCUS ON THE QUALITY TRADES WHERE THE RISK REWARD RATIO IS IN YOUR FAVOUR. DAY TRADER DOSEN'T MEANS YOU HAVE TO TRADE EVERY DAY, IF THERE IS NO BREAKOUT / SIGNAL THEN RELAX. 2 MOVE ON FROM BAD DAYS EVERY TRADER HAS BAD DAYS WEEKS AND MONTHS. ACCEPT IT, MOVE ON AND PREPARE FOR NEXT TRADE SUCCESSFUL TRADERS OVERCOME ADVERSITY, TRADING PSYCHOLOGY TIPS 3 DONT CARRY YESTERDAYS BAGGAGE EVERY DAY START WITH FRESH EMPTY MIND WITH CLEAN SLATE, DONT LET ONE TRADE INFLUENCE ANOTHER TRADE APPROACH EVERY TRADE AS IF IT'S THE START OF THE DAY 4 DONT DO OVER-TRADING ARE YOU CONTROLLING YOUR TRADING OR TRADING TERMINAL IS CONTROLLING YOU. vere. CAN BE ADDICTING AND ITS EASY TO STUCKED INTO RESSFUL TRADES, FOCUS ON WORK LIFE BALANCE & MAKE SURE YOU ARE BUILDING SUSTAINABLE HABITS.

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