The Most Used and Profitable Chart Patterns - Bullish Patterns
Hello Traders. Here, I would like to show the most commonly used and highly profitable patterns for new traders (and advanced!). There are two categories of patterns in terms of price action:
Continuation patterns
Continuation patterns are usually indications for traders to look for a signal that the price trend is likely to remain in play from a market psychology perspective. These patterns occur in the middle of a trend, hence, continuation - and once the signal has been proven, the trend will most likely resume from a probability perspective.
Reversal patterns
When the pattern signals a change in trend direction, it is known as a reversal pattern as shown in the examples. Technical analysts have long used price patterns to examine current movements and forecast future market movements by using reversal patterns. These self-fulfilling prophecies have become a thing of the past and is now used daily in everyday trading.
These patterns are the most often used patterns in the trading arena, especially in cryptocurrency trading. These patterns are often identified by many as the essentials for trading. As we can see in the diagram above, we have many different patterns to choose from and we can see these patterns on almost all timeframes if you look closely enough. I hope these bullish trading patterns become useful, as I also use these patterns on a daily basis. Part two of the series will be showing the BEARISH patterns, so please stay tuned.
***These are the patterns to memorize***
1. Symmetrical Triangle
2. Ascending Triangle
3. Bull Flag
4. Double Bottom
5. Inverse and Shoulders (Inv HnS )
6. Falling Wedge
7. Cup and Handle ( CnH )
Trade Safe!
Continuation patterns
Continuation patterns are usually indications for traders to look for a signal that the price trend is likely to remain in play from a market psychology perspective. These patterns occur in the middle of a trend, hence, continuation - and once the signal has been proven, the trend will most likely resume from a probability perspective.
Reversal patterns
When the pattern signals a change in trend direction, it is known as a reversal pattern as shown in the examples. Technical analysts have long used price patterns to examine current movements and forecast future market movements by using reversal patterns. These self-fulfilling prophecies have become a thing of the past and is now used daily in everyday trading.
These patterns are the most often used patterns in the trading arena, especially in cryptocurrency trading. These patterns are often identified by many as the essentials for trading. As we can see in the diagram above, we have many different patterns to choose from and we can see these patterns on almost all timeframes if you look closely enough. I hope these bullish trading patterns become useful, as I also use these patterns on a daily basis. Part two of the series will be showing the BEARISH patterns, so please stay tuned.
***These are the patterns to memorize***
1. Symmetrical Triangle
2. Ascending Triangle
3. Bull Flag
4. Double Bottom
5. Inverse and Shoulders (Inv HnS )
6. Falling Wedge
7. Cup and Handle ( CnH )
Trade Safe!
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