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www.patreon.

com/tradechartpatternslikethepros 27 Nov 23'

A Weekly Publication, Issue 030

The Secrets Of Trading Chart


Patterns Like The Pros

This issue includes coverage of:


NVIDIA Corporation (NVDA)
Meta Platforms, Inc. (formerly Facebook, Inc.)
Alphabet Inc. (Google)
DAX (German stock market index)
DXY (U.S. Dollar Index)
S&P 500 (S&P)
NASDAQ 100 (NAS100)
Dow Jones Industrial Average (Dow)
Cryptocurrencies
Gold
Crude Oil
Forex

• Daily/Weekly Analysis
• Trading Ideas & Updates
The Secrets of Trading Chart Patterns Like the Pros 2023 ALL RIGHTS RESERVED
Unauthorized Reproduction Warning:
No part of this document may be reproduced or transmitted without the express written consent of
[www.patreon.com/tradechartpatternslikethepros] or Constantino DeLa.

Accuracy Disclaimer:
This document relies on sources and information reasonably believed to be accurate, but neither the author nor the
publisher guarantees accuracy or completeness.

Hypothetical Trades Disclaimer:


The examples in this document should be considered hypothetical trades.

CFTC Warning:
The Commodity Futures Trading Commission (CFTC) warns that hypothetical performance results have inherent
limitations, some of which are described below:

1. Profit/Loss Representation:
No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

2. Discrepancies with Actual Results:


There are frequently sharp differences between hypothetical performance results and the actual results
subsequently achieved by any particular trading program.

3. Hindsight Limitation:
One limitation of hypothetical performance results is that they are generally prepared with the benefit of hindsight.

4. Lack of Financial Risk:


Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for
the impact of financial risk in actual trading.

5. Impact on Trading Behavior:


For example, the ability to withstand losses or adhere to a particular trading program in spite of trading losses are
material points that can also adversely affect actual trading results.

6. Unaccounted Market Factors:


Numerous other factors related to the markets in general or to the implementation of any specific trading program
cannot be fully accounted for in the preparation of hypothetical performance results, all of which can adversely
affect actual trading results.

COPYRIGHT © 2023 - www.patreon.com/tradechartpatternslikethepros


Data & Charts are created by Tradingview.
Published in the United kingdom.
Disclaimer

"All the material in this document is provided as educational material only.


NONE of the chart patterns, chart setups, or any other material in this
document are trade recommendations. Trading is inherently risky, and
you are 100% responsible for your own trading decisions."
Current Issues
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Market Quotes
Market Quotes
''The game of speculation is the most uniformly fascinating
game in the world. But it is not a game for the stupid, the
mentally lazy, the person of inferior emotional balance, or
the get-rich-quick adventurer. They will die poor.''
-Jesse Livermore.

"Know what you own, and know why you own it."
-Peter Lynch.

"The market can stay irrational longer than you can stay
solvent."
-John Maynard Keynes
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MAYOR INDICES
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S&P 500 THREE DRIVES BULLISH

The S&P 500 appears to have formed a bullish 'three drives' pattern on its daily chart, and the
current price is situated at the long entry level of 4153.01. It's important to note that the validity of
the three bullish drives pattern is contingent upon the price trading above the long entry level,
accompanied by a confirmed uptrend. As a risk management measure, it's suggested to place a
stop-loss order below 4105.30.

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S&P 500 Symmetric Triangle

The S&P 500 has formed a symmetric triangle pattern on its daily chart, and the price is trading
above the breakout level at 4139.22. Symmetric triangle patterns are only considered valid
when prices break above the pattern with a confirmed trend. To manage risk, it is advisable to
place a stop below the symmetric triangle apex or pivot 4.

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NAS100 (W) ABC BULLISH

The Nas100USD is currently exhibiting an ABC bullish pattern on its weekly chart, and the
price is approaching the target zone near 62% of AB, which is at 16,719.3

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NAS100 THREE DRIVES BULLISH

The Nas100USD has formed a three-drives bullish pattern on its daily chart, and the price is
currently trading above the long entry level at 14,269.9. Three-drives bullish patterns are only valid
when the price trades above the long entry level with a confirmed trend. Stops are placed below
14,046.6.
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NAS100 SHARK BEARISH

The Nas100USD has formed a Shark Bearish Pattern on its daily chart, and the price is trading
above the support level of 15833.24-15763.43.

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US30 121 BULLISH PATTERN

The us30 has formed a 121 bullish pattern on its weekly chart, and the price is currently trading
above the long entry level at 33292.42. 121 bullish patterns are valid when the price closes above
the long entry level, confirming an uptrend. Stops should be placed below the entry level at
33292.42.
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US30 V-BOTTOM

The US30 has formed a V-Bottom pattern with a breakout at 34133.9 on its daily chart, and the
price is currently trading above the breakout. V-Bottom patterns are only considered valid when
the price is trading above the breakout within a confirmed trend. To manage risk, it is advisable to
place a stop-loss order below the low preceding the breakout.
Disclaimer: Education purposes only. not advise. Charts: Tradingview @tradechartpatternslikethepros
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DXY CUP & HANDLE

The US Dollar Index (DXY) has formed a cup and handle pattern on its daily chart, and the price is
trading near the handlelow level of 103.299. Cup and handle patterns are only valid when the
price breaks above the breakout level with a confirmed trend. Place a stop at the mid of the
handle, which is at 104.402. The target zones are as follows: Zone 1 (62%): 109.448, Zone 2 (79%):
110.529.

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DAX AB=CD BULLISH PATTERN

The DAX GER 30, the German index, has formed an AB=CD pattern on its daily chart, and the price
is currently trading above the long entry level of 14776.8. AB=CD bullish patterns are valid when
the price trades above the long entry level with a confirmed trend. Place a stop below point D at
14578.5.

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COMMODITIES
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GOLD (W) ABC BULLISH

Gold (XAUUSD) has formed an ABC Bullish Pattern on its daily chart. The price is trading above the
long entry-level 1913.940. ABC Bullish patterns are valid only when the price closes above the
entry-level with the confirmed uptrend. Enter a long trade above the entry-level with a stop
below 1801.126.

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CRUDE OIL DOUBLE DRIVE

Crude oil has formed a double-drive bullish pattern on its daily chart, and the price is trading
above near the long entry level of 76.989. Double-drive bullish patterns are only valid when the
price trades above the long entry level with a confirmed trend. Place a stop below 74.678.
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CRYPTO
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BTC RECTANGLE CHANNEL

Bitcoin/US Dollar (BTC/USD) is currently trading within a rectangle channel pattern on its daily
chart, and the price is trading above the Lower Trend Line Breakout at 24778.97. Rectangle
channel patterns are typically considered valid when the price closes above the upper or lower
boundary trendlines. For a long trade, you may consider entering above the Upper Trend Line
Breakout 31844.22 level with a stop placed at the Midpoint of the rectangle channel's height,
which is at28389.51. Conversely, for a short trade, you can enter below the Lower Trend Line
Breakout level with a stop also placed at the Midpoint of the channel's height, 28389.51.

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ETH DOUBLE DRIVE BULLISH

Ethereum/US Dollar (ETH/USD) is currently trading a 2 Drives Bullish Pattern on its daily chart, and the
price is trading above the near breakout level of 1562.98.Double drives Drives bullish patterns are
typically considered valid when the price closes above the long entry level. For a long trade, you
may consider entering above the long entry level with a stop placed below 1460.46.

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STOCKS
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NVDA CUP & HANDLE

NVDA is trading a Cup and Handle Pattern on its daily chart and the price is trading above near
the breakout level 280.34. C&H patterns are valid only when the price closes above the breakout
level. A long trade is entered above the breakout level with stop placed below the lowest low of
the Handle. 62%: 401.79, 79%: 431.66 target zone1.

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META CUP & HANDLE

META is forming Cup and Handle Pattern on its daily chart and the price is trading above near the
breakout level 236.86. C&H patterns are valid only when the price closes above the breakout
level. A long trade is entered above the breakout level with stop placed below the lowest low of
the Handle. 62%: 328.86, 79%: 353.24 target zone1.

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MICROSOFT (W) CUP & HANDLE

Microsoft Corporation has formed a Cup and Handle pattern on its weekly chart, and the price is
trading above the breakout level of $349.67. Cup and Handle patterns are considered valid only
when the price closes above the breakout level with a confirmed uptrend. For a long trade, an
entry is made above the breakout level, and a stop is placed below the midpoint of the handle.
Target zones are set at 62%: $434.29 and 79%: $457.45 for the first target.

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GOOGLE CUP & HANDLE

Google has formed a Cup and Handle pattern on its daily chart, and the price is currently trading
above the breakout level of $123.26. Cup and Handle patterns are considered valid when the
price closes above the breakout level, confirming an uptrend. For a long trade, an entry is initiated
above the breakout level, with a stop placed below the midpoint of the handle. The target zones
are set at 62%: $147.81 and 79%: $154.59 for the first target.

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FOREX
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AUDCAD RECTANGLE CHANNEL

The Australian Dollar/Canadian Dollar (AUD/CAD) has formed a rectangle channel pattern on the
weekly chart. The price is currently trading ABOVE the Lower Trend Line Breakout level at 0.85624.
Rectangle channels are typically considered valid when the price trades below or above the
boundary trendlines, confirming a trend. To manage risk, you can set a stop at the midpoint of the
rectangle channel, which is at MID: 0.90564.

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AUDCAD CUP & HANDLE

The Australian Dollar/Canadian Dollar (AUD/CAD) has formed a rCUP AND HANDLOE PATTERN ON
ITS DAILKY CHART AND THE PRICE IS TRADING BELOW NEAR THE BREAKOUT 0.90567. CUP AND
HANDLE PATTERNS ARE ONLY VALID WHEN THE PRICE BREAKS ABOVE THE BREAKOUT WITH A
CONFIRMED TREND. PLACE A STOP A THE MID OF THE HANDLE 0.89959. TARGETS ZONE 1

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AUDJPY DIAMOND PATTERN

The Australian Dollar/Canadian Dollar (AUD/CAD) has formed a rectangle channel pattern on the
weekly chart. The price is currently trading ABOVE the Lower Trend Line Breakout level at 0.85624.
Rectangle channels are typically considered valid when the price trades below or above the
boundary trendlines, confirming a trend. To manage risk, you can set a stop at the midpoint of the
rectangle channel, which is at MID: 0.90564.

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AUDUSD INV. HEAD & SHOULDERS

The Australian Dollar/US Dollar (AUD/USD) has formed an Inverse Head and Shoulders pattern on
its daily chart, and the price is currently trading above the neckline breakout at 0.65065. Inverse
Head and Shoulders patterns are considered valid when the price breaks above the neckline
with a confirmed uptrend. For a conservative entry, a stop can be placed at the midpoint of the
right shoulder, which is at 0.63942.

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CADJPY CUP & HANDLE PATTERN

The Canadian Dollar/Japanese Yen (CAD/JPY) has formed a Cup and Handle pattern on its daily
chart. The price is currently trading below the Breakout level at 110.624. Cup and Handle patterns
are typically considered valid when the price breaks above the breakout with the confirmed
uptrend. To manage risk, you can place a stop below the midpoint of the handle, with a stop at
108.985.
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CADCHF RECTANGLE CHANNEL

The Canadian Dollar/Swiss Franc (CAD/CHF) has formed a rectangle channel on its daily chart.
The price is currently trading above, near the Lower Trend Line Breakout at 0.64586. Rectangle
channels are typically considered valid when the price breaks above or below the boundary
trendlines with a confirmed trend. To manage risk, you can place a stop at the midpoint of the
rectangle height, at 0.66431.

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EURCAD CYPHER BEARISH

The Euro/Canadian Dollar (EUR/CAD) has formed a Cypher Bearish Pattern on its daily chart, and
the price is currently trading below the short entry level of 1.49086. Bearish Cypher patterns are
considered valid when the price trades below the short entry level with a confirmed trend. To
manage risk, it is recommended to place a stop-loss order above the structure at 1.50509.
Disclaimer: Education purposes only. not advise. Charts: Tradingview @tradechartpatternslikethepros
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EURAUD CUP & HANDLE

The Euro/Australian Dollar (EUR/AUD) has formed a Cup and Handle pattern on its daily chart, and
the price is trading above the breakout level at 1.59641. Cup and Handle patterns are valid when
the price trades above the breakout with a confirmed uptrend. The stop-loss should be placed
below the mid-handle at 1.56396. The target zones are 1.70292 for the 62% Fibonacci extension
and 1.73094 for the 79% Fibonacci extension.

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EURAUD DOUBLE DRIVE

The Euro/Australian Dollar (EUR/AUD) has formed a Double Drive Bearish pattern on its daily chart,
and the price is trading below the short entry level of 1.67522. Bearish Double Drive patterns are
only valid when the price trades below the short entry level with a confirmed downtrend. Place a
stop above 1.68448.

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EURGBP ABC BULLISH

The Euro/British Pound (EUR/GBP) has formed an ABC Bullish Pattern on its daily chart. Currently, the
price is trading below the long entry level of 0.85786. ABC Bullish Patterns are considered valid
when the price trades above the long entry level with a confirmed trend. To manage risk, it is
recommended to place a stop below 0.85480.

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EURJPY SYMMETRICAL TRIANGLE

Euro/ Japanese Yen (EUR/JPY) is trading in symmetric triangle Pattern on its daily chart. The price is
trading above the long entry-level 145.568. Symmetrical Triangles patterns are valid only when the
price closes above the entry-level with the confirmed uptrend. Enter a long trade above entry-
level with stop below 142.521.
Disclaimer: Education purposes only. not advise. Charts: Tradingview @tradechartpatternslikethepros
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EURJPY ASCENDING TRIANGLE

Euro/Japanese Yen (EUR/JPY) is trading in an ascending triangle above the breakout


level of 159.754. Ascending triangles are only considered valid when the price breaks
above the breakout level with a confirmed trend. Place a stop at the middle of the ascending
triangle or lower apex.

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EURNZD DOUBLE TOP

The Euro/New Zealand Dollar (EUR/NZD) has formed a Double Top pattern on its daily chart, and
the price is trading above the neckline breakout at 1.78787. Double Top patterns are only valid
when the price breaks below the neckline breakout with a confirmed trend. Place a stop at the
mid of the Double Top range at 1.80780.

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EURUSD ABC BEARISH

The Euro/US Dollar (EUR/USD) has formed an ABC Bearish Pattern on its daily chart. Currently, the
price is trading below the short entry level at 1.09753. ABC Bearish Patterns are considered valid
when prices trade below the short entry level with a confirmed trend. To manage risk, it is
recommended to place a stop above 1.10220.

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GBPAUD ABC BULLISH PATTERN

The British Pound/Australian Dollar (GBPAUD) has formed an ABC Bullish pattern on its daily chart.
The price is currently trading above the long entry level at 1.91280. ABC Bullish patterns are
typically considered valid when the price trades above the long entry level with a confirmed
uptrend. To manage risk, you can place a stop below, at the level of 1.88512.

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GBPNZD ABC BULLISH

British Pound/ New Zealand Dolar (GBP/NZD) is currently trading in an ABC bullish pattern
above the long entry level (EL) at 2.05377. ABC bullish patterns are only valid when the price
trades above the long entry level with a confirmed trend. Place a stop below 2.02592.

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GBPNZD CUP & HANDLE PATTERN

British Pound/ New Zealand Dolar (GBP/NZD) is forming a Cup and Handle Pattern on its daily
chart and the price is trading below the breakout level 2.03180
C&H patterns are valid only when the price closes above the breakout level. A long trade is
entered above the breakout level with stop placed below the lowest low of the Handle. Targets:
62%: 2.12282, 79%: 2.14810.

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GBPUSD ABC BULLSIH

British Pound/ US Dollar (GBPUSD) has formed an ABC bullish pattern on its daily chart, and the
price is trading above the long entry level of 1.21636. ABC bullish patterns are only valid when the
price trades above the long entry level with a confirmed trend. Place a stop below the support
level at 1.20309.
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GBPJPY CUP & HANDLE PATTERN

British Pound/ Japanese Yen (GBP/JPY) is forming a Cup and Handle Pattern on its daily chart and the
price is trading below the breakout level 172.136.
C&H patterns are valid only when the price closes above the breakout level. A long trade is entered above
the breakout level with stop placed below the lowest low of the Handle Targets: 62%: 182.524, 79%: 185.309.
Disclaimer: Education purposes only. not advise. Charts: Tradingview @tradechartpatternslikethepros
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GBPJPY (W) DIAMOND PATTERN

British Pound/Japanese Yen (GBP/JPY) is trading in a diamond continuation pattern on its weekly chart. The
price is trading above the Long Breakout level of 172.129. Diamond continuous patterns are typically
considered valid when the price breaks above the breakout level with a confirmed trend.

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NZDJPY RECTANGLE CHANNEL

The New Zealand Dollar/Japanese Yen (NZD/JPY) is trading within a rectangular channel between
the boundary lines. Rectangular channels are considered valid when the price breaks above or
below the boundary trendlines with a confirmed trend.

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NZDUSD (W) ABC BULLISH

The New Zealand Dollar/US Dollar (NZD/USD) has formed an ABC Bullish pattern on its weekly
chart, and the price is currently trading above near the long entry level of 0.60157. ABC Bullish
patterns are considered valid when the price trades above the long entry level with a confirmed
uptrend. For risk management, a stop can be placed below 0.57635.

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USDCAD INV. HEAD & SHOULDERS

The US Dollar/Canadian Dollar (USD/CAD) has formed a 121 Bullish Pattern on its daily chart, and
the price is currently trading below the long entry level at 1.35416. 121 Bullish Patterns are
considered valid when the price trades above the long entry level with a confirmed trend. To
manage risk, it is recommended to place a stop at 1.34806."=

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USDJPY CUP & HANDLE PATTERN

The US Dollar/Japanese Yen (USD/JPY) is forming a Cup and Handle pattern on its daily chart. The
price is trading below the Breakout level at 151.928. Cup and Handle patterns are typically
considered valid when the price closes above the breakout level with a confirmed uptrend. To
manage risk, you can place a stop below the midpoint of the handle, which is at 150.201.

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CHFJPY (W) CUP & HANDLE

The Swiss Franc/Japanese Yen (CHF/JPY) has formed a Cup & Handle pattern on its weekly chart,
and the price is currently trading above the breakout level at 149.799. Cup and Handle patterns
are typically considered valid when the price is trading above the breakout level with a confirmed
uptrend. To manage risk, you can set a stop below the breakout level, which is at 143.377. The
specified target zones are as follows: Target Zone1: 62%: 179.736 - 79%: 87.879.

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CHFJPY CUP & HANDLE PATTERN

The Swiss Franc/Japanese Yen (CHF/JPY) has formed a Cup & Handle pattern on its daily chart,
and the price is currently trading above the breakout level at 151.466. Cup and Handle patterns
are typically considered valid when the price is trading above the breakout level with a confirmed
uptrend. To manage risk, you can set a stop below the breakout level, which is at 150.238. The
specified target zones are as follows: Target Zone1: 62%: 160.072 - 79%: 162.584. Target Zone2:
127%: 169.204 - 162%: 174.013.

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USDCHF ABC BULLISH

The US Dollar/Swiss Franc (USD/CHF) has formed an ABC Bullish Pattern on its daily chart, and the
price is currently trading below the long entry level at 0.87331. ABC Bullish Patterns are considered
valid when prices trade above the long entry level with a confirmed trend. To manage risk, it is
recommended to place a stop below at 0.86732.

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