The Top 12 Chart Trends You MUST Learn to Trade successfully in 2020submitted by Eva_Canares to FTMO_Forex_Trading [link] [comments]
If you want to be a proficient technical analyst, you've got to practice understanding chart trends.
Chart patterns, with great profits, can generate very reliable signals and reward traders.
We cover the top 12 chart trends with examples in this article and show you how to use them and how to make money trading with them.
The Head and Shoulders Pattern
The head and shoulders pattern is considered to be one of the most effective models for reversal. It begins when the price rises to the top after a long bullish run, and pulls down.
Shortly thereafter, the price increases again to a slightly higher rate but again decreases.
Finally, for the third time, the price goes up but only hits a point of the first high.
It pulls back after that and completes the pattern.
Head and Shoulders Pattern 2020
Inverse Head and Shoulders Pattern
There is also, as with other trends, an inverse head and shoulders that
happens after an prolonged downtrend and suggests that the price will go up.
Inverse Head and Shoulders Pattern 2020
Cup And Handle Patterns
A pattern on the cup and handle is a bullish pattern of continuity.
It is made up of two parts-a cup and a handle.
When a cup is full, the handle is shaped on its right side.
If a breakdown on a line of resistance follows, and traders find it a precursor for an uptrend.
Cup And Handle Patterns 2020
Cup And Handle Patterns (b) 2020
As you can see, there is nothing difficult about recognizing and trading a 'Cup and Handle' pattern.
Upon entering the trade on a resistance retest, you can put your stop loss below a handle's low and let the trade do its job.
One of the most common patterns among traders are both ascending triangles and descending ones.
We should take a look at it from more of a rational viewpoint to really help you understand this trend.
The ascending triangle is formed when the price is incapable of breaking a resistance but, at the same time , higher lows form.
Ascending Triangle Pattern 2020
As you may see in the above example , the price bounces from resistance but on each bounce it is unable to make a lower low.
That gives us a bullish signal that a potential break is about to occur.
Ascending Triangle Chart Pattern 2020
Inverse to the Ascending Triangle, the Descending Triangle is noticeable when
the market bounces from support but can not hit higher altitudes.
Descending Triangle pattern 2020
Descending Triangle Chart Pattern 2020
The Falling Wedge Pattern
Falling wedge is a bullish trend of reversal that happens most of the time while
the price is going down but we can see divergence on one of our oscillators.
That means that while the price goes down, sellers
get tired and we can expect a reversal soon.
The Falling Wedge Pattern Chart Pattern 2020
Reversal of Dropping Wedge, price is moving higher
but in your oscillator you can find weakening clues.
Rising Wedge Chart Pattern 2020
Double Top Pattern
Typically the double top pattern is made at
the end of the trends as a toping shape.
It is a bearish reversal trend characterized by the peak which is
followed shortly by the second at the same or very close price point.
The double top pattern is true until
the price breaks below the highs rendered support.
We use the same word "neckline" that is
used for the Head and Shoulders pattern as well.
You may either join the trade after the
neckline is broken, or wait for the neckline's retest.
Double Top Pattern Chart Pattern 2020
Double Bottom Pattern
The Double Top opposite is the Double Bottom pattern
that is made at the bottom of the downtrend.
The Double Bottom is defined as having two
bottoms at a price point equal to or identical.
Just as with the Double Top pattern, you can
enter either at the "neckline" break or at its retest.
Double Bottom Pattern Chart Pattern 2020
Flags are technological patterns that can be understood
as a pause in the trend that underlies.
Following a rapid market pattern, flags are spotted as
consolidation, and they signify the continuation after the breakout.
We have a Bull and Bear flags, just as with all map trends.
Bear Flag Chart Pattern 2020
Bull Flag Chart Pattern 2020
Classic chart patterns are one of the oldest sections of technical analysis and have been proved several
times as a practical way to assist technical traders in determining the next course of the market.
That being said, when making trade decisions, a trader
should not neglect the context and current market conditions.
Eva " Forex " Canares .
Cheers and Profitable Trading to All.
About FTMO -
They fund forex traders. Just Pass their risk management rules and begin trading for their company. They'll provide you capital up to $300k USD for trading the financial markets. 70% of profits you keep and losses are covered by them. How does it work?
How to Become a Funded Forex ,Stocks or CryptoCurrency Trader?
In this article, we look at how to identify and trade bull and bear flag patterns, by looking for entries and exits through breakouts, proportionate targets, failure levels and volume confirmations. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment ... Silver looks to have charted a bull flag pattern on the daily chart. A bull flag is a brief pause (pullback) that occurs following a notable uptrend in price and usually ends up accelerating the preceding bullish move. Hence, it is known as a bullish continuation pattern. A daily close above the upper end of the flag, currently at $18.01 is needed to confirm the breakout. That would open the ... Bull & Bear Flag chart patterns Tutorial! Bull Flag : A bull flag forms in bullish trending market, After a strong bullish movement when this pattern forms it signals the market is likely to move more higher. Bull flag pattern much similarly looks like a horizontal parallel channel or downward parallel channel along with a strong bullish vertical rally; when we draw the pattern it looks like ... Bull and bear flags are continuation technical analysis patterns. Bull flags are obviously bullish. You have the move up which is the flag pole. It'll trade sideways for a bit which is the flag before continuing up. Just like a bear flag forms and then moves down. Flags are the easiest patterns to identify. 4. Cup and Handle . A cup and handle pattern is a bullish continuation pattern. This ... Strategies for trading forex with bear and bull flags entail similar steps, but it is important to understand the bull flag pattern in its own layout as these patterns can be easily confused when ... A technical analysis trader makes use of many patterns to predict the market trends and decide the entry and exit time. It helps them to get more odds of winning trades. There are various trading patterns, though the flag pattern is very popular among them. A flag pattern is a breakout chart pattern that follows the main price trend, has a rectangular shape that resembles a flag. It suggests ... Bull Flag Pattern: What It Is and Trading Strategies for 2020. Smart traders know key patterns — and the bull flag pattern can be a crucial momentum indicator. One of the great things about trading low-priced stocks is that we often see patterns repeat. I say it all the time: “Look for the pattern.” So today, I’ll break down the bull ... The bull flag pattern is a great pattern to add to a forex trader’s technical arsenal. Explosive moves are often associated with the bull flag. This article will look at the potentially higher ... Bull flag and bear flag patterns summed up. A flag is considered a continuation pattern in technical analysis; The ‘flagpole’ represents the trend which precedes the ’flag’ The ‘flag’ highlights a consolidation after a trend; A bull flag suggests that the preceding uptrend will be continued Technical Analysis — Bull Flag. May 25, 2017 at 9:24 by K. Prabhu. A bull flag is a continuation pattern and we are looking for a continuation of the trend. We are looking for a continuation of trend. As traders, we get to watch the whole flag formation unfold before our eyes and then expect what might be coming next, and to capitalize on the trend to continue. Basically, they happen in ...
[index]          
How to Trade Flag and Pennant Chart Patterns Technical Analysis Best Forex Trading Strategy Flags and seemingly common patterns are usually found in the price chart of financially traded assets ... Learn how to spot a bull flag pattern on your charts and how to trade it... Learn more about forex trading at https://www.youtube.com/ukspreadbetting Follow ... Bull Flags - Simple Trading Pattern That Works Bull flags are patterns that can be used to join in an uptrending market. Wait for the impulse moves to form a... In today's lesson of the beginner's guide to technical analysis video series, I teach you how to identify bull flag continuation pattern and how you can apply it into your trading. Also I covered ... Learn how to effectively spot and then trade the classic Bull Flag pattern to profit. Register for our free intensive trading webinar http://smbu.com/mike #B... In this video we are going over how to trade a bull flag breakout pattern. The identification of this pattern used technical analysis to make sense of a stoc... How to identify & trade a Flag price pattern as a continuation of a bullish trend. For further information & educational materials please visit http://www.to...