6 Continuation Chart Patterns All Traders should know about !
A Thread🧵
A Thread🧵
What are Chart Patterns ?
A chart pattern suggests what prices might do next, based on what they have done in the past
They are patterns that repeat again and again as they are basically representing human emotions.
These patterns have been into existence since 100s of years!
A chart pattern suggests what prices might do next, based on what they have done in the past
They are patterns that repeat again and again as they are basically representing human emotions.
These patterns have been into existence since 100s of years!
1. Bullish Triangle
Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
2. Bearish Triangle
3. Bullish Pennant
Here we use 2 Trendlines and price contracts within a tight range before a breakout
Here we use 2 Trendlines and price contracts within a tight range before a breakout
4. Bearish Pennant
Here we use 2 Trendlines and price contracts within a tight range before a breakdown
Here we use 2 Trendlines and price contracts within a tight range before a breakdown
5. Bearish Flag
6. Bullish Flag
One of the most common patterns , The Bull Flag
One of the most common patterns , The Bull Flag
Watch this Video : youtu.be
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