Discover and read the best of Twitter Threads about #head_and_shoulders_top

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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

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.
Types of #CupWithHandle_Pattern
-Bullish/Bearish cup
-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.
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