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Chart Patterns Guide With Notes

The document outlines various chart patterns used in trading, categorized into reversal, continuation, and neutral patterns, along with specific buy and sell signals for each. It also includes candlestick patterns and advanced price action concepts such as breakouts, wick rejections, and supply and demand zones. This guide serves as a comprehensive reference for traders to identify potential market movements.

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16 views3 pages

Chart Patterns Guide With Notes

The document outlines various chart patterns used in trading, categorized into reversal, continuation, and neutral patterns, along with specific buy and sell signals for each. It also includes candlestick patterns and advanced price action concepts such as breakouts, wick rejections, and supply and demand zones. This guide serves as a comprehensive reference for traders to identify potential market movements.

Uploaded by

chinamoe
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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Chart Patterns Guide with Notes

Reversal Patterns

Bearish Reversal Patterns:

1. Head and Shoulders - Sell when the neckline breaks.

2. Double Top - Sell after the second top and neckline break.

3. Rising Wedge - Sell on breakdown.

4. Shooting Star - Look to sell at resistance.

5. Evening Star - 3-candle sell setup.

Bullish Reversal Patterns:

1. Inverse Head and Shoulders - Buy when neckline breaks.

2. Double Bottom - Buy after second low and breakout.

3. Falling Wedge - Buy on breakout.

4. Hammer - Buy at support with confirmation.

5. Morning Star - 3-candle buy setup.

Continuation Patterns

Bullish Continuation:

1. Bullish Flag - Buy on breakout from flag.

2. Bullish Pennant - Buy on breakout after strong move.

3. Ascending Triangle - Buy when resistance breaks.

4. Cup and Handle - Buy on breakout of handle.

5. Rounding Bottom - Buy after confirmed breakout.

Bearish Continuation:

1. Bearish Flag - Sell on breakdown.

2. Bearish Pennant - Sell on breakdown.

3. Descending Triangle - Sell on break of support.


Chart Patterns Guide with Notes

Neutral Patterns

1. Symmetrical Triangle - Trade breakout either way.

2. Rectangle - Wait for breakout or bounce at edges.

3. Diamond Top/Bottom - Watch for reversals.

4. Expanding Triangle - Be cautious; breakout in either direction.

Candlestick Patterns

Bullish:

1. Hammer - Bullish reversal at support.

2. Bullish Engulfing - Buy on candle close.

3. Morning Star - 3-candle reversal signal.

4. Piercing Line - Buy if confirmed.

5. Dragonfly Doji - Buy after confirmation.

Bearish:

1. Shooting Star - Sell near resistance.

2. Bearish Engulfing - Sell after candle close.

3. Evening Star - 3-candle sell setup.

4. Dark Cloud Cover - Sell with confirmation.

5. Gravestone Doji - Sell after confirmation.

Advanced Price Action Concepts

- Breakouts & Fakeouts: Confirm with volume.

- Wick Rejections: Entry signal with confluence.

- Liquidity Sweeps: Trap traders, watch for reversals.

- Order Blocks: Institutional zones for entries.

- Supply & Demand Zones: Base for trade setups.


Chart Patterns Guide with Notes

- Imbalance Zones: Price often revisits to fill gaps.

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