💹Graphical technical analysis💹

👋🏻Hi friends.☺ Glad to see you on my page! 🤗

👊🏻Today I decided to share with you another educational post.👊🏻
⚡Continues the topic of TA methods. We consider each of them in more details. And start with the graphic method. 🧐

💹Graphical technical analysis is the analysis of various market graphical models formed by certain patterns of price movements on charts, with the goal of assuming the likelihood of a continuation or change of an existing trend. 📗

👉🏻Classical figures of technical analysis are divided into:

🤜🏻confirming a trend reversal;
🤜🏻confirming the continuation of the trend;
🤜🏻confirming the possibility of both a reversal and a continuation of the trend.

Each model has its own specific mechanism of education and a certain graphic form.

The dynamics of the volume of transactions is a confirming factor in the existence of a certain model.

All models find an explanation from the point of view of the psychology of market participants.

Despite the apparent simplicity of this method, it shows good results.

The main disadvantage of this method is that it is very subjective.

🤜🏻 – TREND REVERSAL PATTERN

📌Head & Shoulders Pattern

📌Triple and double top

♦Triple Top it often happens that the third attempt is successful for breaking through support / resistance.

♦Double Top : after exiting the figure, market fluctuations are visible. At this time, the opening of long positions.

🤜🏻– CONTINUATION OF THE TREND

📌"Flag"

🤜🏻 – BILATERAL PATTERNS - POSSIBOLITY OF BOTH A REVERSAL AND CONTINUATIONA OF THE TREND

Such figures have the appearance of a triangle and are divided into converging and diverging triangles. The triangle itself is the most common trend pattern.

📌Triangles

These are not all possible figures of technical analysis. In the next post I'll tell you more.❤❤❤

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🔥🔥🔥🔥🔥🔥Homework:🔥🔥🔥🔥🔥🔥 find on the chart of any coin the patterns that I talked about in my post !!!