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    E-Book Chart Pattern by Garyy

    Uploaded by

    Renganathan Venkatavaradhan
    Chart patterns refer to specific formations that appear on price charts and provide insights into future price movements. Common patterns include head and shoulders, double top/bottom, triangle patterns, and rectangles. These patterns can indicate potential trend reversals or breakouts and are used by traders to identify opportunities.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    E-Book Chart Pattern by Garyy

    Uploaded by

    Renganathan Venkatavaradhan
    260 views12 pages
    Chart patterns refer to specific formations that appear on price charts and provide insights into future price movements. Common patterns include head and shoulders, double top/bottom, triangle patterns, and rectangles. These patterns can indicate potential trend reversals or breakouts and are used by traders to identify opportunities.

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    Chart patterns refer to specific formations that appear on price charts and provide insights into future price movements. Common patterns include head and shoulders, double top/bottom, triangle patterns, and rectangles. These patterns can indicate potential trend reversals or breakouts and are used by traders to identify opportunities.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    260 views12 pages

    E-Book Chart Pattern by Garyy

    Uploaded by

    Renganathan Venkatavaradhan
    Chart patterns refer to specific formations that appear on price charts and provide insights into future price movements. Common patterns include head and shoulders, double top/bottom, triangle patterns, and rectangles. These patterns can indicate potential trend reversals or breakouts and are used by traders to identify opportunities.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 12

    Topic : Chart pattern

    Chart patterns in forex trading refer to


    specific formations or shapes that appear
    on price charts. These patterns can provide
    valuable insights into the future direction
    of price movements and are widely used by
    traders to identify potential trading
    opportunities.

    Here are some common chart patterns in forex :

    #GaryGoldTrader
    Head And Shoulder Pattern :

    Head And Shoulder Top

    Head and Shoulders Top : This pattern typically


    occurs at the end of an uptrend and consists of
    three peaks, with the middle peak (the head) being
    higher than the two surrounding peaks (the
    shoulders). It suggests a potential trend reversal
    from bullish to bearish.

    #GaryGoldTrader
    Head And Shoulder Pattern :

    Head And Shoulder Bottom

    Head and Shoulders Bottom: The inverse of


    the head and shoulders top pattern, it occurs
    at the end of a downtrend and indicates a
    potential reversal from bearish to bullish.

    #GaryGoldTrader
    Double Top Pattern :

    Double Top: This pattern forms when the price


    reaches a resistance level twice, creating two
    peaks at approximately the same price level. It
    indicates a potential trend reversal from bullish
    to bearish.

    #GaryGoldTrader
    Double Bottom Pattern :

    Double Bottom: The inverse of the double top


    pattern, it occurs when the price reaches a
    support level twice, forming two troughs at
    around the same price level. It suggests a
    potential reversal from bearish to bullish.

    #GaryGoldTrader
    Triangle Pattern :
    Ascending Triangle

    TARGET

    This pattern forms when the price creates


    higher lows and a horizontal resistance level. It
    suggests a potential breakout to the upside.

    #GaryGoldTrader
    Triangle Pattern :

    Descending Triangle

    The inverse of the ascending triangle, it occurs


    when the price forms lower highs and a
    horizontal support level. It indicates a potential
    breakout to the downside.

    #GaryGoldTrader
    Triangle Pattern :

    Symmetrical Triangle

    This pattern forms when the price creates lower


    highs and higher lows, resulting in converging
    trendlines. It signifies a period of consolidation
    and suggests a potential breakout in either
    direction

    #GaryGoldTrader
    Rectangles Pattern :

    Bullish Rectangle

    This pattern forms when the price moves


    between a horizontal resistance level and a
    support level. It indicates a period of
    consolidation before a potential bullish
    breakout
    #GaryGoldTrader
    Rectangles Pattern :

    Bearish Rectangle

    The inverse of the bullish rectangle pattern, it


    occurs when the price consolidates between a
    horizontal support level and a resistance level.
    It suggests a potential bearish breakout.

    #GaryGoldTrader
    IN SUMMARY :

    Chart patterns in forex trading are specific


    formations or shapes that appear on price
    charts and provide insights into future price
    movements. Common patterns include the
    Head and Shoulders, Double Top/Bottom,
    Triangle Patterns, Rectangles, and
    Flags/Pennants. These patterns can indicate
    potential trend reversals, breakouts, or
    continuation of existing trends. Traders use
    them to identify trading opportunities and
    make informed decisions. When discussing
    chart patterns, include visual examples,
    guidelines for identification, and insights on
    entry/exit points and risk management.

    #GaryGoldTrader

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