Chart Patterns Part 1
-
Upload
rajendraa1981 -
Category
Documents
-
view
424 -
download
43
Transcript of Chart Patterns Part 1
-
8/13/2019 Chart Patterns Part 1
1/13
Chart patterns
HarmonicPatterns
GeometricPatterns
Zigzag Patterns
PricePatterns
Exotic Patterns
Event Patterns
Top & Bottoms
Channels
ABC pattern, Gartley pattern, Bat pattern, Butterfly pattern, Crab pattern
Triangles, Rectangle pattern, Flag & Pennant, Wedge pattern, Diamond Pattern
Zigzag pattern, Elliot wave, Crown pattern
Cup & handle, Head & Shoulder, Parabolic Arc, Three hills & a mountain, Three valleys& a river, Spike & ledge pattern
Dragon Pattern, Sea horse pattern, Scallops pattern
Gaps, Dead cat bounce, Island reversal pattern
Adam-eve, Trader vics 2B, Trader vics 123, Pipe, M & W, Round Top & bottom, V top &bottom, Double top, Double bottom, Triple top, Triple bottom pattern
Rectangular channel, Donchian channel, Broadening pattern, Linear regression,
Andrews Pitchfork 1
-
8/13/2019 Chart Patterns Part 1
2/13
2
-
8/13/2019 Chart Patterns Part 1
3/13
-
8/13/2019 Chart Patterns Part 1
4/13
-
8/13/2019 Chart Patterns Part 1
5/13
5
-
8/13/2019 Chart Patterns Part 1
6/13
6
-
8/13/2019 Chart Patterns Part 1
7/13
7
-
8/13/2019 Chart Patterns Part 1
8/13
-
8/13/2019 Chart Patterns Part 1
9/13
9
-
8/13/2019 Chart Patterns Part 1
10/13
10
-
8/13/2019 Chart Patterns Part 1
11/13
Harmonic patternABC PatternPattern fist described by Gartley, pattern is shaped like a lightning bolt and signals a trend, a retracement and the resumption ofthe trend, Pattern called ABC wave / 1-2-3 pattern, pattern forecast the key market turning point and profit targets, to identify the
correct ABC pattern, to find correct A, B and C pivot points in a chart, the key pivot points are found using various pivot strengthlevels and for its correction wave, Once A, B and C pivots are identified, an auto levels algorithm is applied to determine theconfluence level D which called potential reversal zone (PRZ), the C pivot in ABC pattern is determined by fibonacci retracementof 38.2 to 61.8 % of AB swing, the projection of C level is measured using fib-ratio of AB and BC swings,
11
-
8/13/2019 Chart Patterns Part 1
12/13
Trade : Enter a long trade above the previousbars high,
Target: 100% of AB range and 127 % BC range.
Stop loss: below C level
12
-
8/13/2019 Chart Patterns Part 1
13/13
13