Most Essential Stock Chart Patterns
With @Stocktwit_IN
THREAD 𧡠1. Ascending triangle 2. Descending triangle 3. Symmetrical triangle 4. Pennant 5. Flag 6. Wedge 7. Double bottom 8. Double top 9. Head and shoulders 10. Rounding top or bottom 11. Cup and handle
Cup and handle:
The cup and handle is a well-known continuation stock chart pattern that signals a bullish market trend. The cup appears similar to a rounding bottom chart pattern, and the handle is similar to a wedge pattern
Rounding top/bottom:
The rounded top and bottom are reversal patterns designed to catch the end of a trend and signal a potential reversal point on a price chart.
Do you have what it takes to be a successful trader?
Study after study say that it is discipline that differentiates a successful trader from a not so successful one. Consistent result is the outcome of a disciplined trader. How do you get this right? Here are valuable tipsππ
Firstly, what is Discipline?
Itβs important that we first understand what discipline is. The definition is β the practice of obeying rules or a code of behavior
Note it down.
To start with make a note. A note on your precise trade plan. What will be your criteria for entry and exit, investment management and trade management plan? You may know it but if you do not note it down it can be forgotten or very easily you could lose the track.