Triple Top is a Bearish Reversal Pattern which means the long term uptrend will be switched into long term bearish trend Triple Top chart Pattern means the price with base candles or wicks must touch 3 times in row same level in form of peaks Peak, correction/re-fuel,peak and so on for three times in row These TOPS will become a strong strong resistance line,...
A Head and Shoulders Pattern is a chart formation that resembles a baseline with three peaks,the outside two are close in height and the middle is highest In TA this pattern it s essential to predict when a bullish trend will be changed to bearish This Head and shoulders pattern appear when: After long term bullish trend the price rises to a peak and after...
Bearflag:is a sharp,strong volume decline,several days of sideways to higher price action on much weaker volume followed by a second huge decline with a strong volume.Target is a NEW LOW Target: for a bearflag pattern is derived by height of the flag pole(ex if this height is 5%) the decline target for breakdown will be 5% Bearish Pennant:this pattern is bearish...
Double bottom is a bullish reversal pattern which means the long term bearish trend will be switched to bullish/uptrend Also note ,this pattern it s a long term reversal and will not form in a few days Even though formation in a few weeks is possible it is preferable to have at least 4 weeks between lows Bottoms usually take longer then tops to form and patience...
Double top is a reversal chart pattern which means the actually uptrend will be changed to bearish.In this chart pattern we see consecutive double price peaks This patern occurs at the top of an massive uptrend.After reaching a high like 44-60 weeks high(for exemple) the price is moving to make another higher high but in this second peak bulls slowly will lost...