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Chartpatternanalysis

📊 Chart Patterns Cheat SheetPatterns are the distinctive formations created by the movements of security prices on a chart and are the foundation of technical analysis. A pattern is identified by a line connecting common price points, such as closing prices or highs or lows, during a specific period. Technical analysts seek to identify patterns to anticipate the future direction of a security’s price. These patterns can be as simple as trendlines and as complex as double head-and-shoulders formations. 🔹 Reversal patterns are those chart formations that signal that the ongoing trend is about to change course. If a reversal chart pattern forms during an uptrend, it hints that the trend will reverse and that the price will head down soon. Conversely, if a reversal chart pattern is seen during a downtrend, it suggests that the price will move up later on. 🔹 Continuation chart patterns are those chart formations that signal that the ongoing trend will resume. Usually, these are also known as consolidation patterns because they show how buyers or sellers take a quick break before moving further in the same direction as the prior trend. Trends don’t usually move in a straight line higher or lower. They pause and move sideways, “correct” lower or higher, and then regain momentum to continue the overall trend. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
7
BTCUSD - TIME TO SHORT?It appears that we are currently experiencing a similar pattern to the bull run we saw in the past. During this previous bull run, we saw a sharp decline from 65K to 29K. Currently, we are seeing a similar pattern with long positions being trapped at the top and many stops being placed below 20,4K. If this pattern continues, we may see a decline towards the 20K psychological level, which would help to flush out leveraged long positions and start a new impulse from there. Additionally, there is an open gap at 20K which may also be filled.
Short
by SiDec
3
SPX: CONGESTION! Is it a good time to buy? 🤔• As we expected, it seems the index is trapped inside a channel, in the 1h chart; • We identified this channel in my last public analysis, yesterday – link below this post; • Now, the SPX is just heading to the next resistance, which is the upper line; • The 21 EMA is completely flat, indicating nothing but short-term congestion; • In this scenario, only a clear breakout (to any direction) might change things. For now, there's nothing much to do. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
5
2 scalp trades for GBPAUDHi guys, I use Price action and Volume in order to find the Supply and Demand zone, then I get confirmation to open a trade with either RSI divergence or candle sticks in lower timeframe. The Take Profits are subject to change as I need to see the last wave before it touches the designed areas to trade. I'll update when I open a position. ==================== This technical analysis by no means, is a financial advice and this only works for me and I personally think post the best analysis I can, Please do you own research.
by MBCryptocurrency
SHIB: Another IH&S! Some Key Points to watch from here.• On our last analysis on SHIB I warned about an IH&S chart pattern, that did work very well, as by the moment SHIB broke our key point, it hit the previous resistance with an astonishing precision before dropping again (link to my previous analysis below this post); • Now, we see the same pattern again, so what are the key points? The trigger point is the black line, while if it loses the red line it’ll frustrate the pattern. The technical target would be the previous resistance at the green line. This is a normal configuration of an IH&S; • However, if SHIB loses the purple line, then it might face more serious problems in the mid-term, as this would indicate a sharper sell-off; • For now, let’s pay attention to these lines and see what happens. I’ll keep you guys posted on this. Remember to follow me to keep in touch with my analyses!
COINBASE:SHIBUSD
by Nathan_The_Finance_Hydra
3
USDCHF > Trend Line Support Holding Well, Good for A Buy!!Analysis of #USDCHF While I was waiting for a confirmation on USDCHF, and I got one, trend line support holding well on the daily time frame chart, I got a head and shoulder confirmation on the 1 hours time frame, now I am looking for an entry that meets my rules to get in a buy trade Please support me by boosting this idea so it can get to more and more traders ________________________________________ 💭 | Comment your thoughts below, I always answer. 📥 | Feel free to message me if you have any questions. Thanks for your continued support!
Long
by TheTradersAvenue
16
GMTUSDT 1D CUP AND HANDLE FORMATIONHi If market gets a bounce gmt will be one of the first coin that will make good short time profit. There is a cup and handle formation on 1 day chart with a possible target of 1.4$ If retrace targets are 0.97 -0.94 and 0.84 and if hits 0.84 i think it will hold and a new bounce near to 1$ can be on the way For gmt short to mid term will be around 1$ but long term i think 2-3$ will be price consolidation area. These are just my amateur ideas. Don't take as a financial advice and do your own researcch please
Long
by flymetothemoon2109
9