Chart Patterns Part 1

Chart patterns Harmonic Patterns Geometric Patterns Zigzag Patterns Price Patterns

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

Exotic Patterns

Dragon Pattern, Sea horse pattern, Scallops pattern

Event Patterns

Gaps, Dead cat bounce, Island reversal pattern

Top & Bottoms

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

Channels

Rectangular channel, Donchian channel, Broadening pattern, Linear regression, Andrew’s Pitchfork

1

2

3

4

5

6

7

8

9

10

Harmonic pattern ABC Pattern Pattern fist described by Gartley, pattern is shaped like a lightning bolt and signals a trend, a retracement and the resumption of the 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 strength levels and for its correction wave, Once A, B and C pivots are identified, an auto levels algorithm is applied to determine the confluence level D which called potential reversal zone (PRZ), the C pivot in ABC pattern is determined by fibonacci retracement of 38.2 to 61.8 % of AB swing, the projection of C level is measured using fib-ratio of AB and BC swings,

11

Trade : Enter a long trade above the previous bar’s high, Target: 100% of AB range and 127 % BC range. Stop loss: below C level

12

13