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CryptoGerrie

Chart pattern overview

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This triangle usually appears during an upward trend and is regarded as a continuation pattern. It is a bullish pattern. Sometimes it can be created as part of a reversal at the end of a downward trend, but more commonly it is a continuation. Ascending triangles are always bullish patterns whenever they occur.

 

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The symmetrical triangle pattern is easy to spot thanks to the distinctive shape, which is developed by the two trend lines, which converge. This pattern is created by drawing trend lines, which connect a series of peaks and troughs. The trend lines create a barrier, and once the price breaks through these, a very sharp movement in price usually follows it.

 

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 The symmetrical triangle pattern is easy to spot thanks to the distinctive shape, which is developed by the two trend lines, which converge. This pattern is created by drawing trend lines, which connect a series of peaks and troughs. The trend lines create a barrier, and once the price breaks through these, a very sharp movement in price usually follows it.

 

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A cup and handle pattern gets its name from the obvious pattern it makes on the chart. The cup is a curved u-shape, while the handle slopes slightly downwards. In general, the right-hand side of the diagram has low trading volume, and it can last from seven weeks up to around 65 weeks.

 

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The descending triangle is another continuation pattern, but this triangle is a bearish pattern and is usually created as a continuation during a downward trend. Occasionally it can be seen as a reversal during an upward trend (the opposite of the ascending triangle pattern,) but it is considered to be a continuation.

 

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The flag stock chart pattern forms through a rectangle. The rectangle develops from two trend lines, which form the support and resistance until the price breaks out. The flag will have sloping trend lines, and the slope should move in the opposite direction to the original price movement. Once the price breaks through either the support or resistance lines, this creates the buy or sell signal.

image.thumb.png.72c05fe1a24a095fd442f14a1dc6ba3a.png

The symmetrical triangle pattern is easy to spot thanks to the distinctive shape, which is developed by the two trend lines, which converge. This pattern is created by drawing trend lines, which connect a series of peaks and troughs. The trend lines create a barrier, and once the price breaks through these, a very sharp movement in price usually follows it.

 

image.thumb.png.8fd171ea0831ac30fe74b1f583b6cc19.png

The flag stock chart pattern forms through a rectangle. The rectangle develops from two trend lines, which form the support and resistance until the price breaks out. The flag will have sloping trend lines, and the slope should move in the opposite direction to the original price movement. Once the price breaks through either the support or resistance lines, this creates the buy or sell signal.

 

image.thumb.png.a80065e7dd59bdddb1ef42c67fdc0568.png

The symmetrical triangle pattern is easy to spot thanks to the distinctive shape, which is developed by the two trend lines, which converge. This pattern is created by drawing trend lines, which connect a series of peaks and troughs. The trend lines create a barrier, and once the price breaks through these, a very sharp movement in price usually follows it.

 

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The inverse head and shoulders stock chart pattern is used as a predictor for the reversal of a downward trend. It is also sometimes called the “head and shoulders bottom” or even a “reverse head and shoulders, ” but all of these names mean the same thing within technical analysis. It gets the name from having one longer peak, forming the head, and two level peaks on either side, which create the shoulders.

 

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A pennant is created when there is a significant movement in the stock, followed by a period of consolidation – this creates the pennant shape due to the converging lines. A breakout movement then occurs in the same direction as the big stock move. These are similar to flag patterns and tend to last between one and three weeks. There will be significant volume at the initial stock movement, followed by weaker volume in the pennant section, and growth in volume at the breakout.

 

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This pattern is sometimes also called a “saucer bottom” and demonstrates a long-term reversal showing that the stock is moving from a downward trend towards an upward trend instead. It can last any time from several months to years. It is very similar to the cup and handle, but in this case, there is no handle to the pattern, hence the name

 

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The Triple Bottom pattern is used in technical analysis as a predictor of a reverse position following a long downward trend. The Triple Bottom occurs when the price of the stock creates three distinct downward prongs, at around the same price level, before breaking out and reversing the trend.

 

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I just don't see these as being meaningful.  They only seem relevant after the fact and then you just try and find some **** that looks like something.  If these things mattered everyone who knew what these were could make millions a day in crypto.

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