Top Tweets for #Megathread_ChartPatterns
@SwarajyaBharat_ Saluti please find the unroll here: Thread by @MeAsif_: "I am going to read a book about chart patterns. I will share some patterns and theipts in this thread. I hope thi [โฆ]" #Megathread_ChartPatterns #Broadening_Patters https://t.co/Kcz3BaW4iN
See you soon. ๐ค
๐ฏAfter #Megathread_ChartPatterns, I'm going to read the book about technical analysis.
In this thread, I will update the basics of technical analysis. This doesn't mean that I know much about technical analysis. I will try to share what I read that day.
ยฉrespectiveowners.
๐
Day33
#Dead_Cat_Bounce
-The D high is below the prior dayโs low, leaving a price gap on the chart
-usually On the negative news, price gaps down
-Prices bounce up, recovering much of what they lost during event decline
-Wait 4 d bounce 2 peak & then sell
#Megathread_ChartPatterns
@SSK_PlantTrees Hallo you can read it here: Thread by @MeAsif_: "I am going to read a book about chart patterns. I will share some patterns and their concepts in this thread. I hope thi [โฆ]" #Megathread_ChartPatterns #Broadening_Patters https://t.co/Kcz3BaW4iN
Enjoy :) ๐ค
@SantoshnayaksS Bonjour the unroll you asked for: Thread by @MeAsif_: "I am going to read a book about chart patterns. I will share some patterns and their cin this thread. I hope thi [โฆ]" #Megathread_ChartPatterns #Broadening_Patters https://t.co/Kcz3BaW4iN
Talk to you soon. ๐ค
@Pradeep_Yadav4 Hi! there is your unroll: Thread by @MeAsif_: "I am going to read a book about chart patterns. I will share some patterns and their concepts in this thread. I hope thi [โฆ]" #Megathread_ChartPatterns #Broadening_Patters https://t.co/Kcz3BaW4iN
Have a good day. ๐ค
Day32
#Wedge_Rising
-Draw 2 trendlines
-resistance : upward sloping upper line
-support: upward sloping lower line
-both trendline should have a definite upward slope
-Wait for the breakout for successful trade
-if u missed, short after a pullback.
#Megathread_ChartPatterns
D31
#Wedge_Falling
-Draw 2 trendlines, 1along the tops & 1along the bottoms
-pattrn creates several minor highs& minor lows
-min 5 touches necessary to a gud formation
-Vol usually downward until the breakout
-can breakout in any direction,wait 4 that
#Megathread_ChartPatterns
Day30
#Triple_Top
-bearish reversal
-3 tops should be near 1another in price
-Triple tops wid U-shaped vol perform best
-Prices must decline below the LL in d formation
-An upsloping trendline drawn connecting the valley lows can also serve as confrmtion
#Megathread_ChartPatterns
Day29
#Triple_Bottoms
-bullish reversal
-Three distinct minor lows at about the same price
-Narrow patterns perform better than wide
-usually large enough to be visible on weekly charts
-Confirmation:Price must rise above the HH in the formation
#Megathread_ChartPatterns
Day28
#Triangles_Descending
- Triangle shape with horizontal bottom & down sloping top
-Horizontal support line-A horizontal base acts to support prices
- Down sloping top trend line 1 can call resst. line
-Brkout confrm- Prices usually move down quickly
#Megathread_ChartPatterns
Day27
#Triangles_Ascending
-2trend lines-top1 horizontal & bottom1 sloping up
form a triangle pattern
-Prices rise up to & fall away from horizontal line at least twice
-Prices decline 2 & rise away from an upsloping line
-premature breakout is possible
#Megathread_ChartPatterns
Day26
#ThreeRisingValleys
-bullish reversal
-Look for 3minor lows in a row, usually found in an uptrend
-this pattern is quite good in bull market
-Confrm-when price closes above the HH in the pattern
-1 can also use a down-sloping trend line
#Megathread_ChartPatterns
Day25
#ThreeFallingPeaks
-bearish reversal
-3 peaks need not follow a straight down-sloping trend line
-The 3 peaks should appear similar in size & shape
-The pattern becomes valid when price closes below the
LL
-Be4 trading, check support zones
#Megathread_ChartPatterns
Day24
#Rectangle_Top
-Rising Prices trend & oscillate between 2 horizontal lines
- required Atleast 2 touches of each trendline
-Horizontal Upper line act as Ress & lower line act as a Supp
-If rectangle is tall enough, 1 can do scalping between T lines
#Megathread_ChartPatterns
Day23
#Rectangle_Bottom
-Bullish Rev/Bearish Continuation
-Prices trend down to the formation & then oscillate between 2 horizontal lines
-Downward price trend
-Atleast 2 touches of each trend line r required for a valid rectangle
-Vol. usually downward
#Megathread_ChartPatterns
Day22
#Pips_Top
-Short Term Bearish Reversal
-Downward Breakouts
-easy to spot on weekly chart
-Brkout-when price closes below the LL in the pattern
-Always wait for price to confirm the pattern, that is price
must close below the lowest low
#Megathread_ChartPatterns
Day21
#Pips_Bottom
-ShortTermBullishReversal
-downward price spikes on weekly chart
-Locate 2 downward price spikes that r next to each other
-Brkout-when price closes above the highest high in the pattern
-Pipes do best when d volume trend is downward
#Megathread_ChartPatterns
Day19
#Island_Long
-Long islands r continuation pattern
-2 gaps with different price
-Gaps should b long n wide,Avoid short
-large price gaps mean better performance
-Tall patterns perform better than short
-day after the 2nd gap is the breakout day
#Megathread_ChartPatterns
Day18
#Island_reversal_Bottom
-Upward Breakouts
-price separated first by a gap down and then gap up
-Select tall or wide patterns in a bull market, narrow ones in a bear market
-Trade with the general market trend: upward breakouts in a bull market
#Megathread_ChartPatterns
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