Discover and read the best of Twitter Threads about #Pennants

Most recents (1)

I am going to read a book about chart patterns. I will share some patterns and their concepts in this thread.
I hope this will help you to increase your knowledge. ๐Ÿ˜Š๐Ÿ˜‡

So let's start #Megathread_ChartPatterns
Day 1 Dt 12 July

๐Ÿ‘‰Types of #Broadening_Patters
- Ascending/Descending
-Top/Bottom

๐Ÿ‘‰Identifying patterns
-Shape wid HH & LL.
-Prices follow 2 trend lines top one slopes up & the bottom 1 slopes down.
-Touches, Should've at least 2 highs & 2 lows,
#Megathread_ChartPatterns Prevs. Trend is Uptrend for Ascending patterns with 3 higher high & Higher lows. It's Continuation.Prevs. Trend is Downtrend for Descending patterns with 3 lower high & lower lows. It's  Reversal.
Day2
Types of #CupWithHandle_Pattern
-Bullish/Bearish cup
Identifying
-The cup should be โ€œUโ€ shaped
-Handles form in upper half of cup
-Cup lips near same price
-There s'ld be a substantial increase in vol on breakout resistance.
#Megathread_ChartPatterns Prev. Trend is bullish so it's continuation trend. if previous trend is bearish then it's might be tough to reversal.This inverse cup for bearish continuation.
Read 34 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!