All Chart Patterns Free Course | Learn Trading for Free
Published: 2024-08-05
Status:
Available
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Analyzed
Published: 2024-08-05
Status:
Available
|
Analyzed
Predictions from this Video
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The ascending triangle pattern typically leads to a breakout in the upward direction.
"After which the market usually breaks out in the upward direction."
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A green candle following an ascending triangle pattern signals an upward breakout and potential price increase.
"If you see another green candle, it means that the market has broken out upwards and can run up."
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A breakout from the top of an ascending triangle pattern can lead to significant profits.
"If it gives a breakout from the top here, then the market can run up after this and give you a good profit."
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The presence of an ascending triangle pattern suggests the market is likely to turn bullish and move upwards.
"if you get to see an ascending triangle pattern in the market, it means that he market can go bullish from here and the market can run up from here."
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A descending triangle pattern, when it breaks the support level, indicates a further downward movement in the market.
"In this, by breaking the support, downwards, means the market falls even more downwards."
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A descending triangle pattern signals a downward breakout and a subsequent fall in market price.
"descending means the market will fall downwards, means the market will give a downward break out, and the market's price will fall."
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A descending triangle pattern breakout can lead to losses, as illustrated by a hypothetical share example.
"After the descending triangle pattern, the market gave a breakout. And then you made a loss. Let's say it was a share worth Rs. 30. So, here you made a loss of Rs. 20."
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The completion of a descending triangle pattern is confirmed when a breakout occurs below the support level, signaling a trading opportunity.
"When it gives a breakout below, that's when you think about the trade. When it gives a breakout below like this, that's when our descending triangle is completed."
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A flag pattern is considered complete upon a downward breakout.
"And after this, if it breaks out downwards, then our flag pattern is complete."
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The bullish flag pattern indicates an upward movement where the market breaks through resistance after forming a pole and a flag.
"In which the market went up first. Ok, the market went up, a pole was made, a simple pole was made here. After that, the market took up, down, up, down, many such movements. That's why this upper line is our resistance. Okay, and the one that went down, this is our support. After that, the market breaks the resistance and runs up. This is what the bullish flag pattern indicates."
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The bearish flag pattern involves a downward movement where the market forms an inverted flag and then breaks out downwards.
"First, it comes down and forms a pole. See, this is our pole, okay? And this time, we'll see an upside down flag. Look carefully, this looks like an upside down flag. Then, the market goes up, down, up, down, and gives a break out in the downward direction. And after giving a break out in the downward direction, it ravels downwards continuously."
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A bullish flag pattern suggests that the market will continue its upward trend.
"Bullish flag means the market is running up. The market will run up."
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A bearish flag pattern indicates that the market is expected to move downwards.
"Bearish flag means the market will run down."
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A bullish flag pattern signifies an upward movement in the market.
"Bullish flag means the market will run up."
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A bearish flag pattern suggests a continued downward trend in the market.
"The flag that is sinking, meaning the flag that is going down, will go deeper into the ground."
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The wedge pattern is characterized by converging trendlines, indicating a gradual movement towards a breakout.
"In the wedge pattern, the market will be kind to you little by little It will keep coming closer, little by little, and then slowly, sometimes, there will be touch. that is what the wedge pattern is about."
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In a bullish wedge pattern, it is crucial to wait for a breakout above major resistance levels, as a slight initial breakout can be deceptive.
"As soon as there is a breakout, you don't have to take entry, because many people get stuck here. What does the market do sometimes? This is a wedge pattern, the market gave a slight breakout, but hen the market comes back down. What you have to do is always wait for this level, where the major resistance levels are, all the old highs, not all the old ones, but the major ones, I am considering this as the major one. If this is broken, then the market will run after this, that is what we usually consider."
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A bullish wedge pattern occurs when converging resistance and support lines are observed, and the market is moving upwards.
"And our market is WEG. Wedge is basically a resistance at the top and a resistance at the bottom, which is coming close to each other. Look at this. What happened here? The market was coming like this. After that, like this, like this. We got to see our lines close to each other. This is our bullish wedge. What happens in a bullish wedge? The benefit of a bullish wedge is simple. If the market is coming from below and then doing this, then this is a bullish wedge."
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A bearish wedge pattern is identified when the market is declining and forms a wedge shape.
"If the market is falling from above and then getting stuck in the wedge, that is a bearish wedge."
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A key characteristic of the wedge pattern is that its trendlines converge, becoming closer to each other.
"In WEG? The lines will usually come a little close to each other. You can see here, the lines are coming close to each other. This is our WEDGE pattern."
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In both bearish and bullish wedge patterns, waiting for a breakout is crucial before initiating a trade.
"And as soon as it breaks, the market continues to run. So, in both bearish and bullish wedge patterns, you have to wait for the breakout. Again, you have to wait for the breakout. It's not that if you see this wedge pattern, you have to take a trade immediately."
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A bullish wedge is characterized by converging support and resistance lines within an upward market trend.
"And our market is WEG. Wedge is basically a resistance at the top and a resistance at the bottom, which is coming close to each other. Look at this. What happened here? The market was coming like this. After that, like this, like this. We got to see our lines close to each other. This is our bullish wedge."
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A bearish wedge forms when trendlines converge, indicating a downward market movement.
"What happened here? The market was coming like this. After that, like this, like this. We got to see our lines close to each other. This is our bearish wedge."
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A bullish wedge pattern is formed when the market ascends and its trendlines converge.
"If the market is coming from below and then doing this, then this is a bullish wedge."
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A bearish wedge pattern emerges when the market declines and its trendlines converge.
"If the market is falling from above and then getting stuck in the wedge, that is a bearish wedge."
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A bullish wedge is formed when the market ascends within a converging zone.
"The market is coming up from below. Trapped inside a zone which is getting closer, this is our bullish wedge."
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A falling wedge pattern occurs when the market declines and forms a wedge shape.
"The market fell from above, after which a wedge pattern was seen. this is our falling wedge"
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A pennant pattern, characterized by a breakout, can lead to profitable trades.
"The market came up, up, up, up, whatever it is, X, Y, Z and gave a breakout. As soon as this level was given a breakout, you can make a profit on our penance or take a trade in penance."
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A bullish pennant pattern involves an upward breakout after the formation of a triangular pattern, leading to an upward market movement.
"In a bullish peanut, the market will run up Down, Up, Down, Up, Down, Up, Down And a triangle will be formed, after which the market will break out in the upward direction and run upwards. Breakout will occur and the market will go upwards."
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A bearish pennant pattern is characterized by a downward breakout from a triangular formation, leading to a downward market movement.
"What will happen in bearish peanut? The market will keep coming down. Then it will go to a zone like this. And it will give us a triangle, something like this. And then the market will again break out in the downward direction and run upwards."
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The pennant pattern forms a triangular shape resembling an 'X', followed by an upward market breakout.
"The market has drawn a very triangular pattern Which becomes an X And then the market breaks out upwards"
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A bearish pennant pattern results in a downward breakout.
"Then it will break out in the downward direction Okay, I hope you understood"
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The M pattern, also known as the double top, is confirmed when the market breaks the neckline, indicating a potential downward trade.
"It becomes m. if the market breaks the neckline, and then goes downward, And then you can take downward trade on the m pattern,"
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The W pattern, or double bottom, is confirmed when the market breaks the neckline, leading to an upward breakout.
"if it breaks this it breaks this it breaks neckline then it means W pattern is successful and in market we will see break out in upward direction"
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The M pattern results in a downward breakout and subsequent downward movement in the market.
"in M pattern market will break out in downward direction and will break down and will move downward means we will make M pattern in red for now to understand Look in which direction, it will give breakout,"
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The W pattern leads to a breakout in the upward (green) direction.
"W pattern will give breakout in green direction."
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The head and shoulders pattern is completed when the neckline is broken, indicating a bearish market movement and a quick fall.
"As soon as he broke the neckline, your head and shoulder pattern is complete and the market is bearish. It means that after the head and shoulder pattern, the market falls down quickly."
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The inverted head and shoulders pattern is a bullish signal, suggesting an upward movement in the market.
"Because inverted head and shoulders is a bullish pattern I hope you understood"
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Upon breaking the neckline, the inverted head and shoulders pattern leads to a rapid upward movement in the market.
"Market, if the neckline breaks Market will go up fast"
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The cup and handle pattern suggests a potential upward breakout, leading to significant upward market movements.
"The cup and handle pattern will tell you that the market can break out from here and run up. If it breaks, then you can expect very big movements upwards."
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The cup and handle pattern typically appears during a bullish trend, where the market moves upwards, forms a cup, and then continues upward.
"Remember one thing about the cup and handle pattern, that it usually comes in a bullish movement from here. That is, the market will first come from below, then go to the cup, and then go up again."
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The breakout of the handle in the cup and handle pattern signals a continuation of the upward market movement.
"As soon as the handle broke, the market continued to run up."
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The inverse cup and handle pattern predicts a rapid downward movement in the market following a breakout.
"And then it will break out downwards. In this, the market can go down very fast. Can go down very fast."
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The size of the cup in the cup and handle pattern is proportional to the potential upward movement in the market.
"The bigger the cup, the more upward movement in the market."
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The size of the cup in the inverse cup and handle pattern is proportional to the potential downward movement in the market.
"Similarly, the bigger the cup, the more downward movement in the market."
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Reversal patterns, when observed during an uptrend, indicate a potential market turnaround and a subsequent downward movement.
"If the market goes up and you see this pattern then the market will turn around. Let's assume that this is the reversal pattern. And then it will start coming down."
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A bullish reversal pattern signifies an upward movement after the pattern's formation.
"If the market goes up, then we call it a bullish reversal pattern."
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A bearish reversal pattern indicates a downward movement following the pattern's appearance.
"If the market goes down after the reversal pattern, then we call it a bearish reversal pattern."
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A bullish continuation pattern suggests an upward trend will persist after the pattern's formation.
"in the continuation pattern, if the market goes up, then we call it a bullish continuation pattern."
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A bearish continuation pattern indicates that the downward trend will continue after the pattern's formation.
"If the market goes down, then we call it a bearish continuation pattern."
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Chart patterns are not always reliable and should not be the sole basis for trading decisions, as they can be misleading.
"Chart patterns are not absolute. What does this mean? You don't have to trade only on the basis of chart patterns. Because chart patterns can deceive you."
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Chart patterns are most effective when used in conjunction with other trading indicators and strategies (confluences).
"Maximum times it works. What they have to do is to compound. They have to use it like confluences."
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Combining chart patterns, candlestick patterns, and price action in trading significantly increases the probability of success and profit.
"If you trade all three things together, then the chances of your success and profit increase a lot."
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A comprehensive trading approach involves learning multiple tools (like candlestick patterns, chart patterns, price action) and using a combination of them for trading decisions, rather than relying on a single method.
"Simply put, don't trade only on the basis of candlestick patterns or chart patterns. Learn all three, four, five things, and use two or three things together to trade."
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