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Chart Pattern types

📊Chart Pattern are reversal / continuation hints in the market.

-The skills to identify chart patterns are more likely to come with experience and how we backtest certain behaviour

Its the same thing over and over🔄

-There are reversals for retracement, there are also impulsive reversal, and the most important of then all is to always refer to highers timeframes

-Soon I will explain more in detail. As of now, understand and remember these basic chart pattern names and charateristic

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Example of trendline function DOWNTREND.

For DOWNTREND we only SELL, only SELL at the RED line.

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Example of trendline function for UPTREND.

For UPTREND we only BUY, only BUY at the BLUE line.

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How do you draw a trendline?

For uptrend/support line trends:
- Find two lowest points that goes up, draw from the 2 points until the end.

For downtrend/resistance trendline:
- Find the two highest points that goes down, draw from the 2 points until end.

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Look at this

First, we mark the top as trendline resistance,Then we look for support trendline, In order to draw them you need to find two prices that go up for support’s trendline & two prices that go down for resistance’s trendline

If the price goes to trendline support we need to look for buy, and if the price breaks above the trendline resistance we can focus on buy

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One other example, Firstly, I draw the resistance’s trendline. Secondly, I connect the declining price

Then I draw the support’s trendline .. two prices goes up, I connect it… When the price reaches the resistance’s trendline, we can sell… when it reaches the support’s trendline

it will be transparent .. then you can focus on selling

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This is an example of a resistance’s trendline breakout become support

First, just draw the two highest prices that are declining, when it reaches the 3rd point it will breaks up,

Then wait for it to return to the trendline that is already marked (3) we buy .. because it already break out the upwards.

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So i want to explain. About how to use all trend in Markets

TYPES OF TREND

There are 3 different types of trend in Markets
-UpTrend
-DownTrend
-SideWays

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