Cup and handle, ascending Triangle, Symetrical Triangles, Head and Shoulders, double tops and bottoms, triple tops and bottoms, Flags, penants, parabolic, Candlestick patterns, and the list goes on and on.
It's helpful to know a pattern exist and it only exist when it is completed. From it you kinda get a sentiment of what the market is doing at that point. Most times you are in some sort of consolidation when you get a pattern forming. If you trade patterns, put in your stop loss. Patterns do fail at times.
Here are 3 sites out of millions that I think help explain some of these patterns and maybe how to trade them:
Chartpatterns.com
Recognia.com
Thepatternsite.com
Candlesticks
www.tradingeducation.com
Candlestiker - this site lists most of the candlestick patterns.
Understand the price action of candles:
checkout this article:
How to interpret candlestick patterns http://www.swing-trade-stocks.com/reading-candlestick-charts.html
Moneyshow.com videos on candlesticks. You may have to sign up (free)
The Art of Candlestick Charting
Japenese Candlesticks - An indepth ..
Advanced Income Producing Tips: Learn How to Read Candle Charts Properly and The Psychology Behind Them
No comments:
Post a Comment