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Chart Patterns

Large time frame analysis significanceWho should use this? Larger time frames are used by swing traders and long-term investors who are interested in the overall trend and direction of the market. Advantages? Broader Perspective: They help traders and investors to see the overall trend and direction of the market over a longer period, which can be useful for identifying larger price patterns and longer trend Reduced Noise: This can help traders to filter out market volatility and noise that may be present in shorter timeframes, and focus on more significant price movements and trends that are relevant to their trading or investment strategy. Higher Reliability: Longer timeframe candlesticks represent a larger sample of price data and are less prone to false signals or market noise. This can result in more reliable and accurate technical analysis, which can be beneficial for making informed trading decisions. Less Frequent Trading: A more relaxed trading approach or having limited time for actively monitoring the markets. Note: it's important to carefully consider your trading or investment strategy, goals, and risk tolerance when choosing a timeframe to use in your analysis. It should suit your personality and characteristics. You should keep a track of global indices and fundamentals before estimating the next move.
NSE:NIFTY1!Education
by OK_Rane
dual top pattern explained in simple form The dual top pattern is a popular technical analysis pattern that can signal a potential trend reversal. This pattern is formed when the price of an asset reaches a resistance level twice and fails to break above it. The two peaks of the pattern look like two mountain tops that are approximately equal in height, with a dip or valley in between them. The neckline of the pattern is drawn by connecting the lows between the two peaks. A breakdown below the neckline is considered a sell signal, as it suggests that the price is likely to continue to decline. The dual top pattern is an important tool for traders because it can help to identify potential trend reversals. However, it's important to confirm the pattern with other indicators and analysis before making trading decisions. For example, traders might look for other technical signals such as a bearish divergence or a break below a key support level to confirm the dual top pattern. Additionally, traders may use fundamental analysis to gain insight into the underlying factors that are driving the price movement of the asset. Overall, the dual top pattern is a powerful tool for traders to identify potential trend reversals, but it's important to approach it with caution and to use other analysis techniques to confirm the signal before making trading decisions. In the below example, a newbie too would be able to learn and practice trend reversal using double top pattern Dual top pattern = potential trend reversal. Look for two mountain tops with a valley in between. The resistance level was reached twice but was not broken Draw the neckline by connecting lows between the peaks. A breakdown below the neckline = sell signal. Remember, the dual top pattern can be a powerful tool for traders to identify potential trend reversals, but it's important to confirm with other indicators and analysis before making trading decisions.
NSE:HDFCLIFEEducation
by pratik2358
1
Learn Bullish technical analysis pattern called DOUBLE BOTTOM The double bottom pattern is a bullish reversal pattern that occurs after a downtrend. It consists of two consecutive troughs of roughly equal price, with a peak in between. The pattern is confirmed when the price breaks above the peak with higher-than-average trading volume. Traders use the pattern to project a target price for the breakout. Traders may enter long positions in anticipation of the breakout. The pattern should be used with other indicators and analysis to confirm its validity.
NSE:NAVINFLUOREducation
by pratik2358
Harmonic trading learning & experience.Harmonic more accurate work in consideration stock like Reliance, Nestle,Bosch, hul . this stock move slowly and fundamental strong so if you play using harmonic swing trade So you have benifit. Here you get low risk reward . But if you have patience and harmonic experience definitely yearly generate good % profit And plz avoid option trading in this stocks . In consolidation stock or sideways stock+ fundamental strong. Harmonic accuracy around 65/70%.
NSE:BOSCHLTDEducation
by biokon70
1
[N] False Breakdown Case for Support and ResistanceNote - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
NSE:AUROPHARMAEducation
by Amit_Ghosh
[N] Cases of False Breakouts and Minor BreakdownsNote - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
NSE:MCXEducation
by Amit_Ghosh
Let's Know Top 10 Chart Patterns With Most Success RatesBefore it, let's learn about types of chart patterns because it's important to know that the pattern is a reversal or continuation because it will help us decide whether the market is making a reversal or a continuation pattern. 1. Continuation patterns : A Pattern which gives you an indication of continuation meaning continuing the trend. For example :- flag patterns, wedges patterns or a pennant pattern can be classified into this. 2. Reversal Patterns : Patterns which give you an indication of reversal meaning if the market is going up and then a reversal pattern forms then it should go down. For Example : Head and Shoulders Pattern, Double Top and Bottom Pattern can be classified into this. Now Let's Learn about the Top 10 Chart Patterns With the most Success rates 1. Head and shoulders 2. Double top or bottom 3. J Pattern 4. Rounding bottom or Top 5. Cup and handle 6. Wedges 7. Pennant 8. Descending Triangle or Ascending Triangle 9. Bullish Flags or Bearish Flags 10. Symmetrical triangle or A Symmetrical Triangle -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 1. Head and Shoulders :- Traders use the head and shoulders pattern in technical analysis chart to anticipate likely changes in a price trend. After a bullish trend, it is common to see a bearish pattern emerge that is renowned for its accuracy in predicting a trend reversal. There are three peaks in the pattern where the middle one is the highest and the remaining two are known as "shoulders" with similar and lower heights. Once the price passes over the "neckline," which is a trendline tying the lowest points between the peaks of the two troughs, the design is finished. The head and shoulders pattern indicates the end of an uptrend, causing traders to use it as a sell signal. There is a possibility that a decline will occur afterwards. The pattern is utilized by certain traders as an indication to engage in short positions, while keeping a stop loss above the neckline. It should be kept in mind that the occurrence of a head and shoulders pattern does not necessarily guarantee a reversal, therefore traders should rely on supplementary technical analysis and implement risk management strategies before trading. 2. Double top or bottom :- A double top pattern occurs when the price of a stock reaches its peak, declines, then surges back up to the peak level but is unable to surpass it before falling once more. A resistance level formed by two peaks is encountered by the price, which is unable to break through it. When the price drops below the valley level that existed in between the two peaks, the pattern is over. The double top pattern is thought to be a bearish sign, indicating a possible price decline. A double bottom pattern, on the other hand, is the polar opposite of a double top pattern and resembles a mirror image. The price decreases to a certain level, rebounds, drops back down to the same level, but does not surpass it, and subsequently recovers again. The support level created by the two valleys is a point that cannot be breached by the price. The pattern is only finished when the price surpasses the peak level that was established between the two valleys. It is crucial to remember that depending solely on these patterns for trading decisions is not recommended, as they are only among several instruments applied in technical analysis. It is advisable for traders to take into account additional elements aside from technical analysis, such as fundamental analysis. When making investment decisions, take into consideration both market trends and the management of risk. 3. J Pattern :- The term "J pattern" denotes a distinct chart pattern that may manifest over a duration of time in the movement of a particular stock's price. The J-shaped trend seen in a company's stocks entails an abrupt decline in value that is succeeded by a more protracted rehabilitation. The name of the pattern originates from its formation on a price chart, which bears a similarity to the letter "J". Frequently, this trend can be observed in shares that encounter adverse circumstances or updates leading to the first decline in value, and later, garner support as investors regain trust in the potential profitability of the stocks. 4. Rounding bottom or Top :- In technical analysis of financial markets, there are two patterns referred to as rounding top and bottom. The pattern on a chart known as a rounding top signifies a gradual transition in the market from an upward pattern to a downward one. A gentle decrease in pricing is followed by a gentle increase, resulting in a curved contour. The pattern reveals that the market seems to be losing its force, implying that there could be a potential drop in prices. Conversely, a chart pattern known as a rounding bottom indicates a change in the market direction, from a downtrend to an uptrend. The observed trend exhibits a gentle decrease in values accompanied by a gentle growth, creating a curvilinear appearance. The indication is that the market is growing based on this trend. 5. Cup and Handle The cup and handle pattern serves as a tool in technical analysis utilized in the stock market for detecting potential chances to purchase. This formation signifies the continuation of a bull market; it is observed after a stock has undergone a notable increase and then encountered a phase of stabilization. The shape of the design, which resembles a container with a grip, is what the pattern is named for. A cup-shaped pattern forms when, following a strong upward trend in stock prices, there is a significant decrease that creates a rounded bottom resembling a U. The handle section on the chart emerges once the stock price remains within a tight range for several weeks or months without any significant rise, before finally breaking out and reaching new highs. I Think That's too much we will continue the remaining 5 in the next one I hope you learned something new if then pls do like and follow us Thank you ♥
NSE:COFORGEEducation
by MAYANKTECHRESEARCHING
4
Automatically identify chart patterns using built-in indicatorsHey everyone! 👋 This chart showcases a few of the Automatic Chart Patterns indicators recently announced in this blog post . If you are a technical trader who relies on chart patterns to make trading decisions and hold a paid TradingView plan, check them out. They automatically identify these popular technical setups: ​Bearish and ​Bullish Flags Double Bottom Double Top Elliot Wave Head and Shoulders Inverse Head and Shoulders ​Bearish and ​Bullish Pennants Rectangles Triangles Triple Bottom Triple Top Falling and Rising Wedges You can add the indicators to your chart from the "Indicators, Metrics & Strategies" search window by selecting "Patterns" from the "Technicals" tab in the left pane and choosing an indicator from the list: Once you have selected a chart pattern, the indicator will automatically draw it on the chart for you when it detects the pattern. The chart pattern indicators are easy to use and customize. You can ​alter the pattern detection criteria and visible attributes like colour, line thickness, and style of the lines. We hope you enjoy these new indicators. — Team TradingView ❤️ Feel free to check us out on Instagram , Telegram , and Twitter for more awesome content! 🙂
BITSTAMP:BTCUSDEducation
by TradingView
37
Sadhna Broadcast - How Price Action & Dow Theory shows the scamThis is why it is important for Price Action traders to exercise caution and not rely solely on historical price movements. While price action analysis can still be effective in predicting market movements, it may be less reliable in scenarios where unexpected news or events can impact the market. The third tenet of Dow Theory states that trends have three phases – accumulation, public participation, and distribution. In the accumulation phase, smart money enters the market and begins buying shares. In the public participation phase, the general public begins to participate in the trend, driving prices higher. In the distribution phase, smart money begins to sell shares to the public, leading to a decline in prices.
BSE:SADHNAEducation
by Amit_Ghosh