0 ratings0% found this document useful (0 votes) 3K views42 pagesCharts Pattern2
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content,
claim it here.
Available Formats
Download as PDF or read online on Scribd
DISCLAIMER
THE INFORMATION PROVIDED IN THIS BOOK IS FOR
EDUCATIONAL PURPOSES ONLY. IT IS NOT INTENDED
TO BE A SOURCE OF FINANCIAL OR LEGAL ADVICE.
MAKING ADJUSTMENTS TO A FINANCIAL STRATEGY
OR PLAN SHOULD ONLY BE UNDERTAKEN AFTER
CONSULTING WITH A PROFESSIONAL, THE
PUBLISHER AND THE AUTHOR MAKE NO GUARANTEE
OF FINANCIAL RESULTS OBTAINED BY USING THIS
BOOK.
WE MAKE NO GUARANTEES AS TO THE
ACCURATENESS, QUALITY, OR COMPLETENESS OF
THE INFORMATION AND WE SHALL NOT BE
RESPONSIBLE OR LIABLE FOR ANY ERRORS,
OMISSIONS, OR INACCURACIES IN THE
INFORMATION OR FOR ANY USER'S RELIANCE ON
THE INFORMATION AS BEING APPROPRIATE FOR
USER'S PERSONAL USE, INCLUDING WITHOUT
LIMITATION SEEKING THE ADVICE OF A QUALIFIED
PROFESSIONAL REGARDING ANY SPECIFIC
FINANCIAL QUESTIONS A USER MAY HAVE WE ARE
NOT A SECURITIES BROKER/DEALER OR AN
INVESTMENT ADVISOR."WE DON'T HAVE
TO BE SMARTER
THAN THE REST,
WE JUST HAVE TO
BE MORE
DISCIPLINED THAN
THE REST"
-warren buffet
© AKASH KUNDUR, 2022
ALL RIGHT RESERVED. NO PART OF THIS PUBLICATION MAY BE
Nene man DISTRIBUTED, OR TRANSMITTED IN ANY FORM OR BY ANY
erie eee WRITTEN PERMISSION OF THE PUBLISHER,
eveidaaree OF BRIEF QUOTATIONS EMBODIED IN CRITICAL
RTAIN OTHER NONCOMMERCIAL USES PERMITTED BY
COPYRIGHT LAW.LET'S LEARN VARIOUS
CHART PATTERNSDOUBLE TOP PATTERN
A double top is an extremely bearish technical
reversal pattern that forms after an asset
reaches a high price two consecutive times
with a moderate decline between the two
highs. It is confirmed once the asset's price
falls below a support level equal to the low
between the two prior highs.DOUBLE TOP WITH CANDLESTICK CHART
n't, on, z
— yt __t he —
I
I I
l
aE BE STOCK WH anh UT see at ae
SUPPORT CBE BUS ae B se STS aw sal
OTE Ue Bt LEVEL B fora ferent 2 at sa DOUBLE
TOP PATTERN wed @, aie fie fort ae
SUPPORT @! BREAK wads fa fram 2 ata eT
GaT@ e STOCK Br sma A ars are?Breakout
@ @
DOUBLE BOTTOM PATTERN
A double bottom is an extremely bullish
technical reversal pattern that forms after an
asset reaches a low price two consecutive
times with a moderate support between the
two lows. It is confirmed once the asset's price
go above a resistance level equal to the high
between the two prior lows./
pOUBLE BOTTOM WITH CANDLESTICK
C
HART
HT SS STOCK UE sa UA anes a aR
RESISTANCE tte ford ferent ® site fa are
stat ore we a LeveL A Sue sont 3 Ae
DOUBLE BOTTOM PATTERN Ea 8, sitz fora SUE
ae RESISTANCE @} BREAK ats apuw free?
C
om 31 STOCK wT sq BUS ae
tiTRIPPLE TOP PATTERN
A tripple top is an extremely bearish technical
reversal pattern that forms after an asset
reaches a high price three consecutive times
with a moderate decline between the three
highs. It is confirmed once the asset's price
falls below a support level equal to the low
between the three prior highs.=
_
7oP WITH CANDLESTICK CHAp,
TRIPPLE
hy,
a, int vn, —
yy tes
aia ae
Ey STOCK We sya} UT Bee 4a
son cee DUE om # aie HUE mm
Tre St LEVELS ford rear 2 ahaa a
PATTERN en &, afte fiba (Sy arrez SUPP
2 fore fear a a
omeAK ea aaaaea
STOCK 3 aa fore ama area 2.TRIPPLE BOTTOM PATTERN
Atripple bottom is an bullish technical reversal
pattern that forms after an asset reaches a
low price three consecutive times with a
moderate support between the three lows. It
is confirmed once the asset's price go above a
resistance level equal to the high between the
three prior lowsOTTOM WITH CANDLE Stick
TRIPLE Onn CHART
HG SS STOCK WH aa} UTA Hee That A
RESISTANCE tree ford ferent @ site ford alee
aot ore we Gt LEVEL # HUE sor Bl Me
TRIPPLE BOTTOM PATTERN wea &. site fthe SUE
7 RESISTANCE @Y BREAK aa arc (oeciT &
Gri 8 & arg stock wr sq BUSS
arene.HEAD & SHOULDER PATTERN
Ahead & shoulder pattern is a chart formation
that appears as a baseline with three peaks,
where the outside two are similar in height and
the middle is highest & breakout confirmed
once asset breaks support level & it resembles
with human head and shoulder shape thats
why it is called as head & shoulder
hoe.Ee
| AND SHOULDER WITH
HE ANDLESTICK CHART
aa @S STOCK Be are ae ferert 8 rh we Hd
Una HE SUPPORT MES BUS TAT ST z, aie
Bue Hla se TOP ga? Ta B UE site Hed
aie SIMILAR LEVEL ® Une ate
» He Gert Te Sa AST HUE aE
fara ferem 8 site & sera 3 HEAD & SHOULDER
A GRO 8, ah ates @l Bae
Kaas ieee SUPPORTINVERSE HEAD & SHOULDER
An inverse head and shoulder is similar to the
standard head and shoulder pattern, but
inverted: with the head and shoulders top used
to predict reversals in downtrends. the price
falls to a trough and then rises; the price falls
below the previous trough and then rises
again; finally, the price falls again but not as far
as the second trough. Once the final trough is
made, the price heads upward & breaks
resistancecise
D HEAD AND SHOULDER WITy
INVERTE ANDLESTICK CHART
I
J
s my
a ia
i
"
it
wa BE STOCK FEMS WE a UNA aTee
RESISTANCE & fare fren &, site fara reat & are
far are fore} BOTTOM wont 2 sea By Uertt sie
cfheret STE SIMILAR LEVEL % STENT 3IRbe HUE
Tem am 8 afte Gest ore atest sera fae Aes
SUE SAAT 8, 7 SA INVERTED HEAD SHOULDER
Fel aT 8 ate A vibe Sey SH ora 2 RESIST:
ANCE BREAK was uy sr arava
| &
aBreakout
RISING WEDGE PATTERN
The rising wedge is a technical chart pattern
used to identify possible trend reversals. The
pattern appears as an upward sloping price
chart featuring two converging trendlines. It is
usually accompanied by decreasing trading
volume breakout confirmed once it break
support trendline goes downward_—
IDLESTICK
WEDGE WITH CAND
RISING CHART
3 PATTERN ad Bt GERIAT , SeTat STOCK HUE St
ge HT Bel el 8 BUS WH RESISTANCE
TRENDLINE & UT ate stra Beare faa ferent é
aitz ford WB SUPPORT TRENDLINE & sia SUE
aT @ Site Sea VOLUME eff eS wa A aT e,
ma wer oF Hd
a Berend SUPPORT #1 BREAK @2®FALLING WEDGE PATTERN
The falling wedge pattern is characterized by a
chart pattern which forms when the market
makes lower lows and lower highs with a
contracting range. When this pattern is found
in a downward trend, it is considered a
reversal pattern, breakout confirmed once it
breaks resistance trendline and goes upward
directionGE WITH CANDLESTICK
FALLING WEDGE TT
2 PATTERN Aatt BI Geer & Seal STOCK GT 3d
ford fare ver Btat 8. ford SUPPORT TRENDLINE &
41d SUPPORT Clee GETE DUS 3 GAT & Ge
Ue RESISTANCE TRENDLINE at 317 fore fare ze!
BIT @, SA VOLUME eed ear Ata aarat 2, 2
BT Gar 8 Ht ara 3 RESISTANCE BY BREAK Bee
STOCK Uz oT Haye./
Hiding \ / pretest
BULLISH RECTANGLE
The bullish rectangle is a continuation patterns
that occur when a price pauses during a
strong trend and temporarily bounces
between two parallel levels before the trend
continues, breakout confirmed once it break
its resistance & goes in upward direction_
ANGLE WITH GANDLESTIcy
BULLISH RECT CHART
3a PATTERN 3t STOCK HUE aM Gel Bi @ aaa a
Pe waa & fer STOCK we et aa @ ITE
SUE ford we Ber eat B, we BOX Sar AAT et
ate Bt STOCK BOX RESISTANCE @ ats & SE
Sage Rata Ststonx a sre
(2)a
Breakout 7 N
BEARISH RECTANGLE
The bearish rectangle is a continuation pattern
that occurs when a price pauses during a
strong downtrend and temporarily bounces
between two parallel levels before the trend
continues, breakout confirmed once it break
its support & goes in downward direction_
RECTANGLE WITH CANDLESTICK
BEARISH CHART
3a PATTERN 3 STOCK ford at Ber Ele & SIaa a
PO HA & fee STOCK WE et Ha B sme
SUE fore e BET EMT B, WH BOX Sa eT BT
aa at STOCK BOX ® SUPPORT a its ® ford eT
sr 93 wot Brock ae rt
|BULLISH FLAG PATTERN
The bullish flag formations are found in stocks
with strong up trends and considered good
continuation patterns. They are called bull
flags because the pattern resembles a flag on
a pole. The pole is the result of a vertical rise in
a chart & the flag results from a period of
consolidation, breakout confirmed once it
breaks from upperside of flagyr
sys FLAG WITH CANDLESTICK CHApy
B
3a PATTERN A STOCK BU atl BEI Bla Sie feed
GHENT WS FLAG & POLE % AB stares STOCK BLE
ano corm 8 area fibz saat set Prerac aid
cart & & fererae 3B Flag Aa fact 2, ate
fe G2 FLAG @h BREAK wks ape ST ETAT
Seer Sr8 STOCK Sue aT aE,NF Retest
Vy
iS
Breakout
BEARISH FLAG PATTERN
The beaish flag is an upside down version of the
bull flag. It has the same structure as the bull
flag but inverted. The flag pole forms on an
almost vertical panic price drop as bulls get
blind sided from the sellers, then a bounce that
has parallel upper and lower trendlines, which
form the flag, breakout confirmed once chart
break from lower trendline.G WITH CANDLESTICK
BEARISH FLA
CHART
3a PATTERN STOCK fara
Fen aT zer et
aa aus POLES a me ee
See ae we fs en he Aa
aa AT ee ee
fete Bue 8 ea a fi
pe Sain Se 8 a
STOCK fered aT ereBreakout
~Sy
zo Retest
BULLISH SYMMETRICAL
TRIANGLE
A bullish symmetrical triangle is a bullish
continuation chart pattern. The pattern is
formed by two converging trend lines that are
symmetrical in relation to the horizontal line.
The top line is a bearish trend line creating the
resistance, breakout confirmed once chart
break resistance & goes upward direction_
gulLish SYMMETRICAL WITH
CANDLESTICK CHART
3a PATTERN H STOCK SUE aT Er ete e fee
aTGH STOCK Ws TRIANGLE & sere H aire Sat
Agr SUE ford Beat craw B, ele ele a SHRINK
Blal PrOIAT®, SU RESISTANCE TRENDLINE 1 BRE
AK Bae HG STOCK Bue Prec S Aa Ber ot
8, 519 STOCK fat Sug aT fre Aare.s
IN Retest
1\
“
a
Breakout
BEARISH SYMMETRICAL
TRIANGLE
A bearish symmetrical triangle is bearish
continuation chart pattern. The pattern is
formed by two converging trend lines that are
symmetrical in relation to the horizontal line,
lower support line is bullish trendline, breakout
confirmed once it break support & goes in
downward directionagARISH SYMMETRICAL WITH
CANDLESTICK CHART
3a PATTERN & STOCK fart aT GET Ela & fhe
ATH STOCK WE TRIANGLE sere & el Tan
ager BU ford eat Cra B, effe effe & SHRINK
Blot CTATAT 8. fore SUPPORT TRENDLINE 1 BREAK
wes TG STOCK fare reer ®, Ala abet ame
ot ara oat STOCK Pra aT Pre Aare.Breakout /\ ¥ retest
S VYo
CUP & HANDLE PATTERN
Cup and handle is a technical indicator where
the price movement of a chart resembles a
"tea cup" followed by a downward trending
price pattern. This drop, or "handle" is meant
to signal a buying opportunity to buy a stock,
breakout confirmed once it break neckline /
resistance & goes upwardNDLE WITH CANDLESTICK
cuP BHA CHART
3H PATTERN # stock fea aT Zar Brat 2 ait
Uget are ort ford rie ferent ®, fthe joe sar?
Tile aire & SIMU SATE RESISTANCE 3 aera
fora fore 8 site gut ore atone & fee Se
SOM 8 7h Seer sere we ars wo Ad cha
6, A ote RESISTANCE BREAK aus ance fereci™
ema aera 8 ged see seea\ A
Breakout \ / ee
INVERTED CUP & HANDLE
PATTERN
The inverted Cup and Handle pattern forms an
upside-down cup and handle. The pattern is
formed after a pullback from a swing low
before a sell-off to the prior swing low and
stalls due to underlying support. The stock
then stalls much like a bear flag with slight
upward pressure before breaking down below
support.TED CUP & HANDLE WITH
INVEANDLESTICK CHART
3a PATTERN 4 STOCK BUS aT zer Ele @ aK
Ueett sre orb Bue re ae é fhe fared ren é
i Ge sa oC BIS SUPPORT ete free
SUL AIG she SeeTE Aare A Hue we ae
je foe fi fram ba st cs actoWITH
NDING TRIANGLE
TANDLESTICK CHART
3a PATTERN & STOCK BESTS Ue ra UTE SHIGE
RESISTANCE 3 em fara ferent 8, Ue ara fare
Tt ftrect oe & aoract ast wa ferent @ aie
BUS 36 M8, Ft fora WH TRENDLINE at atic &,
i STOCK SHRINK Bia cramat fie fer
Te A STOCK SH TRIANGLE B ware fereel
feed stock al 8g BereBreakout
Breakout
ASCENDING TRIANGLE
It is formed as a right-angled triangle with a
resistance and a trendline of higher lows,
resistance does not allow the chart to move
more upward, higher lows show that the
buying pressure has increased pattern clearly
indicates that the market moves higher as the
higher lows are formed heading toward the
resistance line. it can break from any directionDESCENDING TRIANGLE
It is formed in the downtrend and indicates the
continuation of the downtrend. formed as a
downward sloping triangle with support and a
slope of lower highs support does not allow the
chart to move more downward, lower highs
show that the selling pressure has increased
pattern clearly indicates that the market
moving lower as the lower highs are formed
heading toward the support line. it can break
from any directionITH
ENDING TRIANGLE W
FS ANDLESTICK CHART
Set PATTERN & STOCK GEaTE Wes Sra UTE gHTee
SUPPORT & Ueit BUS SOA 8,08 aI BUL TM
8 Th fect are aeracl aet BA BUT ae
afte fora fren, toc we TRENDLINE war att
8. MY STOCK SHRINK BS ara 2. fhe ft of
TWH B STOCK SH TRIANGLES were roel
feen ¥ stock aTOh Og RATS.TRADING PSYCHOLOGY
TIPS
1 AVOID FOMO
(FEAR OF MISSING OUT)
YOU SHOULD NOT TRY TO CATCH EVERY TRADE, YOUR GOAL
AS A TRADER IS NOT TO CATCH EVERY TRADE BUT TO FOCUS
ON THE QUALITY TRADES WHERE THE RISK REWARD RATIO IS
IN YOUR FAVOUR. DAY TRADER DOSEN'T MEANS YOU HAVE TO
TRADE EVERY DAY, IF THERE IS NO BREAKOUT / SIGNAL THEN
RELAX.
2 MOVE ON FROM BAD DAYS
EVERY TRADER HAS BAD DAYS WEEKS AND MONTHS.
ACCEPT IT, MOVE ON AND PREPARE FOR NEXT TRADE
SUCCESSFUL TRADERS OVERCOME ADVERSITY,TRADING PSYCHOLOGY
TIPS
3 DONT CARRY YESTERDAYS BAGGAGE
EVERY DAY START WITH FRESH EMPTY MIND WITH CLEAN
SLATE, DONT LET ONE TRADE INFLUENCE ANOTHER TRADE
APPROACH EVERY TRADE AS IF IT'S THE START OF THE DAY
4 DONT DO OVER-TRADING
ARE YOU CONTROLLING YOUR TRADING OR TRADING
TERMINAL IS CONTROLLING YOU.
vere. CAN BE ADDICTING AND ITS EASY TO STUCKED INTO
RESSFUL TRADES, FOCUS ON WORK LIFE BALANCE & MAKE
SURE YOU ARE BUILDING SUSTAINABLE HABITS.