TECHDARSHRESEARCHER

TOP 10 CHART PATTERNS FOR BEGINNERS ?

Educacional
NSE:WIPRO   WIPRO LTD
Double Top: A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs.
Double Bottom: A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound (Same Like Double Top But Work Opposite).
Head And Shoulders: A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, where the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
Inverse Head And Shoulders: An inverse head and shoulders pattern is comprised of three component parts: After long bearish trends, the price falls to a trough and subsequently rises to form a peak. The price falls again to form a second trough substantially below the initial low and rises yet again.
Rising Wedge: A rising wedge is generally a signal as it indicates a possible reversal during an uptrend. Rising wedge patterns indicate the likelihood of falling prices after a breakout through the lower trend line
Bearish Rising Wedge: A rising wedge is generally a bearish signal as it indicates a possible reversal during an uptrend. Rising wedge patterns indicate the likelihood of falling prices after a breakout through the lower trend line
Bearish Expanding Triangle: a bear reversal (an expanding triangle top), does the opposite. Bears are trapped in by a lower low and then are forced out, and bulls get trapped in by a higher high, and both then have to chase the market as it reverses down for the final time.
Bullish Expanding Triangle: A Bull reversal (an expanding triangle top), does the opposite. Bears are trapped in by a lower low and then are forced out, and bulls get trapped in by a higher high, and both then have to chase the market as it reverses down for the final time.
Bearish Triple Top: A triple top formation is a bearish pattern since the pattern interrupts an uptrend and results in a trend change to the downside. Its formation is as follows: Prices move higher and higher and eventually hit a level of resistance, falling back to an area of support.
Bullish Triple Top: Triple Top is a bearish reversal chart pattern that leads to the trend change to the downside. Whereas Triple Bottom is a bullish chart reversal pattern that leads to the trend change to the upside. They are extensions of the Double Top and Double Bottom chart pattern.
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