chart patterns part 1

8/13/2019 Chart Patterns Part 1

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Chart patterns

HarmonicPatterns

GeometricPatterns

Zigzag Patterns

PricePatterns

Exotic Patterns

Event Patterns

Top & Bottoms

Channels

ABC pattern, Gartley pattern, Bat pattern, Butterfly pattern, Crab pattern

Triangles, Rectangle pattern, Flag & Pennant, Wedge pattern, Diamond Pattern

Zigzag pattern, Elliot wave, Crown pattern

Cup & handle, Head & Shoulder, Parabolic Arc, Three hills & a mountain, Three valleys& a river, Spike & ledge pattern

Dragon Pattern, Sea horse pattern, Scallops pattern

Gaps, Dead cat bounce, Island reversal pattern

Adam-eve, Trader vics 2B, Trader vics 123, Pipe, M & W, Round Top & bottom, V top &bottom, Double top, Double bottom, Triple top, Triple bottom pattern

Rectangular channel, Donchian channel, Broadening pattern, Linear regression,

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Harmonic patternABC PatternPattern fist described by Gartley, pattern is shaped like a lightning bolt and signals a trend, a retracement and the resumption ofthe trend, Pattern called ABC wave / 1-2-3 pattern, pattern forecast the key market turning point and profit targets, to identify the

correct ABC pattern, to find correct A, B and C pivot points in a chart, the key pivot points are found using various pivot strengthlevels and for its correction wave, Once A, B and C pivots are identified, an auto levels algorithm is applied to determine theconfluence level D which called potential reversal zone (PRZ), the C pivot in ABC pattern is determined by fibonacci retracementof 38.2 to 61.8 % of AB swing, the projection of C level is measured using fib-ratio of AB and BC swings,

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Trade : Enter a long trade above the previousbars high,

Target: 100% of AB range and 127 % BC range.

Stop loss: below C level

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chart patterns part 1

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