Chart Pattern.rtf

Chart Pattern.rtf - Higher high – the high of next chart...

  • No School
  • AA 1
  • 16

This preview shows page 1 - 6 out of 16 pages.

Higher high – the high of next chart is higher Lower high – the high of next chart is lower Swing High (high lower) (chart we observe) (lower high) Double Top ~ a revearsal pattern after an extended up (a strong uptrend) ~ tops are peak which are formed when the price hit a level that cant broke ~ if after 2nd try, the level still cant be break, a revearsal pattern may occur
Image of page 1

Subscribe to view the full document.

~ the price drop will be almost the same height as the height of double top (set when to close) ********************************************************************************** Double bottom
Image of page 2
******************************************************************************** Head and Shoulder ~ revearsal pattern ~ shoulder must not exceed head height
Image of page 3

Subscribe to view the full document.

~ baseline is connected bylowest point (more reliable when slope down) ~ entry below neckline ~ exit approx the same height as the peak *** Dont be greedy, exit when approx same height ********************************************************************* Inverse Head and Shoulder
Image of page 4
******************************************* *************************************** Wedge ~ signal a pause in the trade, trader still deciding ~ may continue / revearsal Rising Wedge ~ form when price consolidate between support line and resistance line ~ higher lows are being formed faster than higher highs ~ expect a breakout ~ If the rising wedge forms after an uptrend, it’s usually a bearish reversal pattern.
Image of page 5

Subscribe to view the full document.

Image of page 6
  • Fall '19

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern