Chart Patterns

Chart patterns are the foundational building blocks of technical analysis. They repeat themselves in the market time and time again and are relatively easy to spot. These basic patterns appear on every timeframe and can, therefore, be used by scalpers, day traders, swing traders, position traders and investors. There are 3 types of patterns, depending on how price is likely to behave after completion: reversal patterns, where price is likely to reverse, continuation patterns, where price is likely to continue its course and bilateral patterns, where price can go either way, depending on whether it breaks to the upside or to the downside.

The measurements of the chart pattern can be used to project the next price movement and what target to aim for. These patterns can either be traded aggressively (with less conformation) or conservatively (with more conformation) so the rules of entry and exit can vary. It's easy to calculate the reward / risk for them, which is important to know before entering a trade.
chartwatchers chartwatchers PRO XAUUSD, D, Short ,
XAUUSD: GOLD - feed fed FED
11969 146 161
XAUUSD, D Short
GOLD - feed fed FED

Bulls took the bait nicely. The story is always the same : small traders are fed as they are chasing the price before the big correction. Big players and banks are positioning in miners shorts and gold shorts. The small traders are concentrating on a trendline breakout which died out. It's true we broke the trendline and that could be the beginning of a run higher ...

MonocoleDundee MonocoleDundee LTCBTC, D, Long ,
LTCBTC: Mysterious MIT Litecoin Project: Coblee is Satoshi Nakamoto?
11259 26 22
LTCBTC, D Long
Mysterious MIT Litecoin Project: Coblee is Satoshi Nakamoto?

A mysterious Litecoin project and countdown was launched today on MIT's official website: http://litecoin.mit.edu/ This has lead to many speculations regarding the project. However, I like extreme thoughts, so I want to speculate about something else: could Coblee, aka Charlie Lee, the creator of Litecoin, be Satoshi Nakamoto himself? Lets take the following ...

LDevine15 LDevine15 ETHUSD, 120,
ETHUSD: Bearish weekend for Ether ahead
300 0 10
ETHUSD, 120
Bearish weekend for Ether ahead

Bull run is over, volume is dwindling testing the 303 support line, each peak past $340 is lower and lower. Strong support on the 62% fib level ~230-240 if things go south. If we want to break upwards we need some news, otherwise I think the newly verified money on Coinbase/Gemini from the past few weeks is starting to dry up and the weekend will be bearish. We ...

robbiegrass robbiegrass XRPBTC, 15, Long ,
XRPBTC: XRP/BTC Cup and handle forming? Possible bullish continuation
343 0 8
XRPBTC, 15 Long
XRP/BTC Cup and handle forming? Possible bullish continuation

26/06/2017 Ripple will be attending Money 20/20 Europe Money 20/20 would be a great event to do public announcements as it reaches a broad range of people aswell as mainstream media. Evan Schwartz (Managing Director of Ripple) will be speaking. Topic: Interledger enables payments and micropayments across blockchains and other types of ledgers. It is an ...

MeeshMoney MeeshMoney BTSBTC, 30, Long ,
BTSBTC: BTS to reach 20000?
377 2 14
BTSBTC, 30 Long
BTS to reach 20000?

First Post. Just got into trading recently and decided to start testing my charting and predictions by putting my ideas out there. Looks like BTS after over a week of consolidation is ready to break out of the pennant formation. If it breaks through the red resistance, watch closely to see if it is able to break through the resistance of the blue channel. If it ...

adatherton adatherton PRO GER30, 60, Long ,
GER30: $DAX could fall further then rally
198 0 10
GER30, 60 Long
$DAX could fall further then rally

Parallel channel is clear

RaneemAbbouchi RaneemAbbouchi SCBTC, 60,
SCBTC: Don't panic... yet
181 2 5
SCBTC, 60
Don't panic... yet

Two big dumps in one night, we are clearly swimming in whale shark infested waters. However, even with hundred of millions dumped within minutes, SIA remains within pitchfork range... for now. The support is too real.

btc_joe btc_joe PRO LTCBTC, D,
LTCBTC: LTC/BTC Cup and Handle Continuation pattern
274 0 7
LTCBTC, D
LTC/BTC Cup and Handle Continuation pattern

http://www.investopedia.com/terms/c/cupandhandle.asp

partyfaker partyfaker SCBTC, 240, Long ,
SCBTC: Siacoin PitchFork
223 0 6
SCBTC, 240 Long
Siacoin PitchFork

Siacoin

blue22 blue22 PRO DASHBTC, 180, Short ,
DASHBTC: DASH Head and Shoulders in the making
172 0 7
DASHBTC, 180 Short
DASH Head and Shoulders in the making

DASH broke out last week. It has since quickly come down back to where it came from. If 0.064 is broken, it will come down further quickly.

scottvaladez scottvaladez PRO STRATBTC, 60, Long ,
STRATBTC: Stratis exiting triangle LONG
207 0 6
STRATBTC, 60 Long
Stratis exiting triangle LONG

Long triangle consolidation/pennant. At apex, presume continuation. Measured moves up for triangles.

Oea Oea EURUSD, 60, Short ,
EURUSD: EURUSD: Short Opportunity
244 0 5
EURUSD, 60 Short
EURUSD: Short Opportunity

Bearish channel is forming.

Kevinsem Kevinsem BTCUSD, 240, Long ,
BTCUSD: BTCUSD 4HR Buy
140 2 5
BTCUSD, 240 Long
BTCUSD 4HR Buy

Triangle formation which is considered a continuation pattern. could see prices up to 4000 in the next two weeks. Likes, Comments, and Follows are appreciated :)

EliasseMaghribi EliasseMaghribi GBPJPY, 240, Long ,
GBPJPY: GBPJPY don't miss this one look at my previous post!!!
107 0 7
GBPJPY, 240 Long
GBPJPY don't miss this one look at my previous post!!!

channel break out head and shoulders trendline breakout abcd confirmation and harmonic pattern! 145 IS THE PRICE!!!

fxviewza fxviewza AUDUSD, 240, Short ,
AUDUSD: AUDUSD Possible Short.
30 0 8
AUDUSD, 240 Short
AUDUSD Possible Short.

Weekly by far favours the downside with a Nice H&S on H4 and other small TMs. When the short pulls through the drop will be worth it! Target1 0.75128, Target2 0.74430. Lets see how it goes! Will monitor the move as we go!

olddigger olddigger PRO ETHBTC, 60, Short ,
ETHBTC: $ETH - Continuing the correction
126 0 6
ETHBTC, 60 Short
$ETH - Continuing the correction

SMA, EMA CLOUD all compressing in a nice Bear Pennant. Looking for a drop soon.

acweed7 acweed7 SCBTC, 60, Long ,
SCBTC: SC Updated Normalizing Curve
134 2 4
SCBTC, 60 Long
SC Updated Normalizing Curve

Just an update for the SIACOIN triangle pattern. Let's see what happens overnight. I'm on on EST here.

gangseongyeon gangseongyeon PRO LBCBTC, 1440,
LBCBTC: LBCBTC  CUP and Handle pattern
123 0 6
LBCBTC, 1440
LBCBTC CUP and Handle pattern

LBCBTC 1. CUP and Handle pattern 2. Area Resistence 3. Area Support 61.8% Fibonacci Retracements Levels POLONIEX:LBCBTC

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