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  • Technical Analysis Explained by Chartmojo

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    Ashish Shah
    432 views10 pages
    This document discusses and simplifies several technical analysis patterns: the inverse head and shoulders continuation pattern is a highly reliable trend continuation pattern; the falling wedge reversal pattern is a rare trend reversal pattern formed by lower sloping lines; the NR7 candlestick pattern is a narrow range pattern driven by market psychology that offers favorable risk to reward; and the bullish flag pattern is a short-term bullish continuation pattern that commonly occurs and signals the trend will continue.

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    This document discusses and simplifies several technical analysis patterns: the inverse head and shoulders continuation pattern is a highly reliable trend continuation pattern; the falling wedge reversal pattern is a rare trend reversal pattern formed by lower sloping lines; the NR7 candlestick pattern is a narrow range pattern driven by market psychology that offers favorable risk to reward; and the bullish flag pattern is a short-term bullish continuation pattern that commonly occurs and signals the trend will continue.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    432 views10 pages

    Technical Analysis Explained by Chartmojo

    Uploaded by

    Ashish Shah
    This document discusses and simplifies several technical analysis patterns: the inverse head and shoulders continuation pattern is a highly reliable trend continuation pattern; the falling wedge reversal pattern is a rare trend reversal pattern formed by lower sloping lines; the NR7 candlestick pattern is a narrow range pattern driven by market psychology that offers favorable risk to reward; and the bullish flag pattern is a short-term bullish continuation pattern that commonly occurs and signals the trend will continue.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 10

    1.

    Inverse H&S continuation (widely known as H&S Continuation)

     Trend Continuation Pattern


     Highly Reliable pattern
    2. Falling Wedge Reversal Simplified!

     Price Consolidation Pattern


     Trend Reversal will happen
     Rare Occurring Pattern
     Lower Sloping Pattern
    3. NR7 Candlestick pattern simplified

     Narrow Range Pattern


     R:R Favorable Pattern
     Market Psychology Driven
    4. Bullish Flag pattern simplified

     Bullish continuation pattern


     Short term chart pattern
     Most occurring pattern
     Trend will be continued

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