🎄 Unlocking the Secrets of Chart Patterns: Navigating Market Trends 📈
Season's Greetings to all our readers! As we celebrate the spirit of the holidays, let's delve into the fascinating world of financial markets. In our journey to understand and navigate the complexities of trading and investing, we've touched upon essential chart patterns that can serve as...
Technical analysis is a crucial aspect of trading, allowing traders make decisions based on patterns and indicators in price charts. Two common patterns that traders often encounter are the triple top and the triple bottom . These patterns can provide valuable insights into potential trend reversals in the market. In this article, we'll explore what these...
In trading, a bearish pattern is a technical chart pattern that indicates a potential trend reversal from an uptrend to a downtrend. These patterns are characterized by a series of price movements that signal a bearish sentiment among traders.
📍Bear Flag
🔸 A small rectangular pattern that slopes against the preceding trend
🔸 Forms after a rapid price decline...
🟢What is the Triple Top Pattern?
A triple top chart pattern is a bearish reversal chart pattern that is formed after an uptrend.
This pattern is formed with three peaks above a support level/neckline.
The first peak is formed after a strong uptrend and then retrace back to the neckline.
The formation of this pattern is completed when the prices move back to...
🟢What is the Triple Top Pattern?
A triple top chart pattern is a bearish reversal chart pattern that is formed after an uptrend.
This pattern is formed with three peaks above a support level/neckline.
The first peak is formed after a strong uptrend and then retrace back to the neckline.
The formation of this pattern is completed when the prices move back to...
This is our first post in a series of posts about chart patterns. Followers of KOG will know we are technical traders so we are always looking out for candlestick and chart patterns as part of our trading plans and analyses.
These are what we feel the 6 most common and basic chart patterns that you will find almost daily on the smaller time frames. During the...
Hello everyone
Today I want to share with you a figure of technical analysis called the TRIPLE TOP.
This figure occurs quite often and brings excellent profit.
What does it look like?
The figure looks like three maxima, approximately at the same level.
These peaks are formed because the buyers' forces are drying up and with each new peak, the bears are getting...
Introduction
The part of technical analysis studies chart patterns. Rationale behind this practice is that chart patterns have fractal nature which represents ability of a trend to act similarly over different time periods. Chart patterns are basically configuration of price that is bounded above and below. Boundaries are commonly derived either from a line or a...
Hello everyone, as we all know the market action discounts everything :)
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In today’s video, we are going to learn the Classic reversal and continuation chart patterns, How to identify them and when to enter a trade, and how to use stop loss and...
Double Top
A double top is a reversal pattern that is formed after there is an extended move up.
The “tops” are peaks which are formed when the price hits a certain level that can’t be broken.
After hitting this level, the price will bounce off it slightly, but then return back to test the level again.
If the price bounces off of that level again, then you...
Triple Top is a Bearish Reversal Pattern which means the long term uptrend will be switched into long term bearish trend
Triple Top chart Pattern means the price with base candles or wicks must touch 3 times in row same level in form of peaks
Peak, correction/re-fuel,peak and so on for three times in row
These TOPS will become a strong strong resistance line,...
Well possibly anyway. Dependant on wether or not another head and shoulders is realised on the hourly chart, it is looking fairly likely but we will have to wait and see.
The left shoulder is usually formed at the end of an extensive move during which volume is noticeably high. Once the high of the left shoulder is formed, there is a subsequent reaction and...
