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Chart Patterns

Chart Patterns

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ishanbirnarula
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37 views

Chart Patterns

Chart Patterns

Uploaded by

ishanbirnarula
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 18

CHART

PATTERNS
THERE ARE
VARIOUS KINDS
OF CHART
PATTERNS THAT
THE MARKET
REPEATS
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)
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
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
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
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
RISING WEDGE
Rising wedge forms after an
uptrend and indicates bearish
reversal.
FALLING
WEDGE
Falling wedges form after a
downtrend and indicates
bullish reversal.
HEAD AND
SHOULDER
Rising wedge forms after an
uptrend and indicates
bearish reversal.
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
COMPLEX TOP COMPLEX BOTTOM

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.
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
BULLISH
PENNANT
It is a continuation pattern. It
indicates strong upward price
move
BEARISH
PENNENT
It is a continuation pattern. It
indicates strong price
movement downwards
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
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.
Thank
You!
We'd love to hear your
question or
clarifications.

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