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Top 10 Chart Patterns

The document outlines the top 10 chart patterns used in trading, including reversal patterns like Head and Shoulders and Inverse Head and Shoulders, as well as continuation patterns such as Cup and Handle and Ascending Triangle. Each pattern indicates potential market movements, either signaling a change in trend or continuation of the current trend. The document provides a brief description of each pattern's characteristics and implications for traders.

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98 views1 page

Top 10 Chart Patterns

The document outlines the top 10 chart patterns used in trading, including reversal patterns like Head and Shoulders and Inverse Head and Shoulders, as well as continuation patterns such as Cup and Handle and Ascending Triangle. Each pattern indicates potential market movements, either signaling a change in trend or continuation of the current trend. The document provides a brief description of each pattern's characteristics and implications for traders.

Uploaded by

xpremium620
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Top 10 Chart Patterns

1. Head and Shoulders:

A reversal pattern indicating a change from bullish to bearish.

2. Inverse Head and Shoulders:

A reversal pattern indicating a change from bearish to bullish.

3. Double Top & Double Bottom:

Reversal patterns signaling trend exhaustion and reversal.

4. Cup and Handle:

A continuation pattern with a rounded bottom followed by breakout.

5. Ascending Triangle:

Bullish continuation pattern formed by higher lows and flat top.

6. Descending Triangle:

Bearish continuation pattern formed by lower highs and flat bottom.

7. Symmetrical Triangle:

Neutral pattern showing consolidation before breakout either side.

8. Flag Pattern:

Small rectangle-shaped continuation pattern after a sharp move.

9. Pennant Pattern:

Small symmetrical triangle-shaped continuation after sharp move.

10. Wedge Pattern (Rising/Falling):

Reversal or continuation patterns depending on breakout direction.

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