简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The main classic chart patterns are mentioned here, along with when they are formed, what type of signal they provide, and what the next expected price move is.
Here's a handy little cheat sheet to help you remember all those chart patterns and what they mean, just like we promised.
The main classic chart patterns are mentioned here, along with when they are formed, what type of signal they provide, and what the next expected price move is.
CHART PATTERN | FORMS DURING | TYPE OF SIGNAL | NEXT MOVE |
Double Top | Uptrend | Reversal | Down |
Double Bottom | Downtrend | Reversal | Up |
Head and Shoulders | Uptrend | Reversal | Down |
Inverse Head and Shoulders | Downtrend | Reversal | Up |
Rising Wedge | Downtrend | Continuation | Down |
Rising Wedge | Uptrend | Reversal | Down |
Falling Wedge | Uptrend | Continuation | Up |
Falling Wedge | Downtrend | Reversal | Up |
Bearish Rectangle | Downtrend | Continuation | Down |
Bullish Rectangle | Uptrend | Continuation | Up |
Bearish Pennant | Downtrend | Continuation | Down |
Bullish Pennant | Uptrend | Continuation | Up |
You might also want to bookmark this page in case you need to double-check the indications of those chart patterns before risking your hard-earned money on a transaction.
You never know when you'll have to cheat, right? Make a note of this!
We didn't include the triangle formations (symmetrical, ascending, and descending) in this cheat sheet, as you may have observed.
This is because these chart patterns can appear in either an uptrend or a downtrend, and they can indicate whether the trend will continue or reverse.
I realize it's perplexing, but that's where practice and experience come in handy!
As previously stated, predicting where the price will break out or reverse is difficult.
So the most important thing is to plan ahead and have your entry/exit orders ready so you can be a part of the action in any case!
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
These champions have one thing in common: they not only work their butts off, but they also enjoy what they do.
"Patience is the key to everything," American comic Arnold H. Glasgow once quipped. The chicken is gotten by hatching the egg rather than crushing it."
Ask any Wall Street quant (the highly nerdy math and physics PhDs who build complicated algorithmic trading techniques) why there isn't a "holy grail" indicator, approach, or system that generates revenues on a regular basis.
We've designed the School of WikiFX as simple and enjoyable as possible to help you learn and comprehend the fundamental tools and best practices used by forex traders all over the world, but keep in mind that a tool or strategy is only as good as the person who uses it.