Price Patterns Simplified📒
🔵There are 2 types of price patterns in Technical Analysis
1️⃣Continuation:
It occurs when the trend continues in its existing direction following by a pause in ST
2️⃣Reversal:
It occurs when a price pattern signals a change in trend direction
1/n
🔵There are 2 types of price patterns in Technical Analysis
1️⃣Continuation:
It occurs when the trend continues in its existing direction following by a pause in ST
2️⃣Reversal:
It occurs when a price pattern signals a change in trend direction
1/n
Price Patterns Simplified📒
Continuation Patterns📈
🔵There are 3 common CP...
1️⃣Pennants—It is made using two converging trendlines
2️⃣Flags-It is drawn with two parallel trendlines
3️⃣Wedges-It is made with two converging trendlines, where both are angled either up or down
2/n
Continuation Patterns📈
🔵There are 3 common CP...
1️⃣Pennants—It is made using two converging trendlines
2️⃣Flags-It is drawn with two parallel trendlines
3️⃣Wedges-It is made with two converging trendlines, where both are angled either up or down
2/n
Price Patterns Simplified📒
Continuation Patterns📈
4️⃣Triangles
Its a pattern depicted by drawing trendlines along a converging price range
5️⃣Cup & Handle
Its is a bullish continuation pattern where an upward trend has paused & starts rising again after BO
3/n
#StockMarket
Continuation Patterns📈
4️⃣Triangles
Its a pattern depicted by drawing trendlines along a converging price range
5️⃣Cup & Handle
Its is a bullish continuation pattern where an upward trend has paused & starts rising again after BO
3/n
#StockMarket
Price Patterns Simplified📒
Reversal Patterns📈
1️⃣Head and Shoulder - Signaling two smaller price movements surrounding one larger movement
2️⃣Double Top - It represent a short-term swing high, followed by a subsequent failed attempt to break above the same resistance level
4/n
Reversal Patterns📈
1️⃣Head and Shoulder - Signaling two smaller price movements surrounding one larger movement
2️⃣Double Top - It represent a short-term swing high, followed by a subsequent failed attempt to break above the same resistance level
4/n
