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Stock chart patterns that work
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen">Ascending Triangle pattern
Price making higher low but not able to make higher high forming a line of least resistance
Momentum players buy when the price breaks out of the upper line of least resistance
Textbook example below
(1/n)
Price making higher low but not able to make higher high forming a line of least resistance
Momentum players buy when the price breaks out of the upper line of least resistance
Textbook example below
(1/n)
Ascending Triangle patternPrice making higher low but not able to make higher high forming a line of least resistanceMomentum players buy when the price breaks out of the upper line of least resistanceTextbook example below(1/n)" title="Stock chart patterns that workhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen">Ascending Triangle patternPrice making higher low but not able to make higher high forming a line of least resistanceMomentum players buy when the price breaks out of the upper line of least resistanceTextbook example below(1/n)" class="img-responsive" style="max-width:100%;"/>
>Price volatility squeezing in rounds of correction and has lot of price action nearby to line of least resistance
This is my favorite- The longer it ranges the harder it breaks
(2/n)
Base Building Pattern/ VCP>Price volatility squeezing in rounds of correction and has lot of price action nearby to line of least resistanceThis is my favorite- The longer it ranges the harder it breaks(2/n)" title="https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen">Base Building Pattern/ VCP>Price volatility squeezing in rounds of correction and has lot of price action nearby to line of least resistanceThis is my favorite- The longer it ranges the harder it breaks(2/n)">
Base Building Pattern/ VCP>Price volatility squeezing in rounds of correction and has lot of price action nearby to line of least resistanceThis is my favorite- The longer it ranges the harder it breaks(2/n)" title="https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen">Base Building Pattern/ VCP>Price volatility squeezing in rounds of correction and has lot of price action nearby to line of least resistanceThis is my favorite- The longer it ranges the harder it breaks(2/n)">
> Continuation pattern - Usually the stock will be in an uptrend compared to other patterns which will be to near tern resistance, always after a strong uptrend move
(3/n)
The Bull Flag> Continuation pattern - Usually the stock will be in an uptrend compared to other patterns which will be to near tern resistance, always after a strong uptrend move(3/n)" title="https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen">The Bull Flag> Continuation pattern - Usually the stock will be in an uptrend compared to other patterns which will be to near tern resistance, always after a strong uptrend move(3/n)" class="img-responsive" style="max-width:100%;"/>
> Stock forming lower highs but the lows are not breaking previous lows resulting in contraction of both sides and trendlines converge
> Sometimes the high becomes first high becomes the resistance
(4/n)
Symmetrical Triangle> Stock forming lower highs but the lows are not breaking previous lows resulting in contraction of both sides and trendlines converge> Sometimes the high becomes first high becomes the resistance(4/n)" title="https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen">Symmetrical Triangle> Stock forming lower highs but the lows are not breaking previous lows resulting in contraction of both sides and trendlines converge> Sometimes the high becomes first high becomes the resistance(4/n)" class="img-responsive" style="max-width:100%;"/>
> The price breaks out of line of least resistance
> A strong bearish momentum takes the stock back below the levels
>The size of candles i.e the speed at which it false helps to identify
False breakout : Though this is not a pattern but a knowledge of how it shapes out helps> The price breaks out of line of least resistance > A strong bearish momentum takes the stock back below the levels>The size of candles i.e the speed at which it false helps to identify" title="https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen">False breakout : Though this is not a pattern but a knowledge of how it shapes out helps> The price breaks out of line of least resistance > A strong bearish momentum takes the stock back below the levels>The size of candles i.e the speed at which it false helps to identify" class="img-responsive" style="max-width:100%;"/>
>Forms during correction in a stock already in an uptrend
>It& #39;s a type of VCP where handle is a 2nd contraction
>If you draw trendline to lower lows it will look like ascending triangle
Textbook and real trade example of VCP
Cup and Handle BO >Forms during correction in a stock already in an uptrend>It& #39;s a type of VCP where handle is a 2nd contraction>If you draw trendline to lower lows it will look like ascending triangleTextbook and real trade example of VCP" title="https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen">Cup and Handle BO >Forms during correction in a stock already in an uptrend>It& #39;s a type of VCP where handle is a 2nd contraction>If you draw trendline to lower lows it will look like ascending triangleTextbook and real trade example of VCP">
Cup and Handle BO >Forms during correction in a stock already in an uptrend>It& #39;s a type of VCP where handle is a 2nd contraction>If you draw trendline to lower lows it will look like ascending triangleTextbook and real trade example of VCP" title="https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen">Cup and Handle BO >Forms during correction in a stock already in an uptrend>It& #39;s a type of VCP where handle is a 2nd contraction>If you draw trendline to lower lows it will look like ascending triangleTextbook and real trade example of VCP">
