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Technical Patterns for Traders

This document discusses and simplifies several technical analysis patterns: the inverse head and shoulders continuation pattern is a highly reliable trend continuation pattern; the falling wedge reversal pattern is a rare trend reversal pattern formed by lower sloping lines; the NR7 candlestick pattern is a narrow range pattern driven by market psychology that offers favorable risk to reward; and the bullish flag pattern is a short-term bullish continuation pattern that commonly occurs and signals the trend will continue.

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Ashish Shah
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738 views10 pages

Technical Patterns for Traders

This document discusses and simplifies several technical analysis patterns: the inverse head and shoulders continuation pattern is a highly reliable trend continuation pattern; the falling wedge reversal pattern is a rare trend reversal pattern formed by lower sloping lines; the NR7 candlestick pattern is a narrow range pattern driven by market psychology that offers favorable risk to reward; and the bullish flag pattern is a short-term bullish continuation pattern that commonly occurs and signals the trend will continue.

Uploaded by

Ashish Shah
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1.

Inverse H&S continuation (widely known as H&S Continuation)

 Trend Continuation Pattern


 Highly Reliable pattern
2. Falling Wedge Reversal Simplified!

 Price Consolidation Pattern


 Trend Reversal will happen
 Rare Occurring Pattern
 Lower Sloping Pattern
3. NR7 Candlestick pattern simplified

 Narrow Range Pattern


 R:R Favorable Pattern
 Market Psychology Driven
4. Bullish Flag pattern simplified

 Bullish continuation pattern


 Short term chart pattern
 Most occurring pattern
 Trend will be continued

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