UNIJOS MTL COMMUNITY

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@pisces03 - 14 hours ago

Have we discussed chart patterns?

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@pisces03 - 14 hours ago
Quoted - pisces03

Have we discussed chart patterns?

I don't know if we have....

But then from my research?....

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@pisces03 - 14 hours ago
Quoted - pisces03

I don't know if we have....

But then from my research?....

Chart patterns are visual representations of historical price actions that help technical traders anticipate future market movements. They are broadly categorized into three types based on the directional behavior expected after a breakout: Bullish (predicting upward movement), Bearish (predicting downward movement), and Bilateral (predicting a sharp move in either direction).

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@pisces03 - 14 hours ago
Quoted - nitnez

I don’t think so

Ok then

Lemme see if I can try to explain it, but then if you have contributions pls you can add

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@pisces03 - 14 hours ago
Quoted - zannie

Motion!!

Pls you can add your contributions

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@nitnez - 13 hours ago

Morning star

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@pisces03 - 13 hours ago
Quoted - pisces03

Understanding these geometries, along with where to place entry orders and stop-losses, serves as a foundation for navigating live markets. Below is a visual summary followed by an in-depth breakdown of essential chart formations.

Continuation....

📈 Bullish Chart Patterns (Buy/Long Formations)Bullish patterns indicate that buying pressure is building up or that a market downtrend is exhausting itself, signaling an opportune time to look for buying ("long") opportunities.

Double Bottom (Reversal): Looks like the letter "W". Price hits a low point twice but finds strong support, preventing further decline. The setup is triggered when the price breaks above the peak between the two bottoms (the neckline).

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@nitnez - 13 hours ago

We know the market moves in Higher huggers and higher lows

Higher highs are uptrend

Lower lows are downtrend

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