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Trading chart for better understanding
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bearish engulfing bearish tweezers bullish engulfing | bullish tweezers |
Mr
evening star i= inverted hammer morning star shooting star
tt Ziy 2 \w Xe
spinning tops _three black crows three inside three inside up ‘three white
down soldiers
Dee LO Bulish Candlestick Bearish Candlestick
Dou! SPINNING TOP
t + =
EUs ee
HAMMER INVERTED DRAGONFLY BULLISH PIERCING MORNING MORNING THREE
HAMMER ou! ENGULFING UNE: STAR DOUISTAR — WHITESOLDIERS.
i | 1 I
I I 4 ‘
poe ewe OM
SHOOTING HANGING — GRAVESTONE BEARISH DARKCLOUD EVENING EVENING cE
STAR MAN ou! ENGULFING COVER STAR DOUISTAR BLACK CROWS
woh PyTRE TEy|
cor
is
|
i
ce fi Gal gt"
ee / a
tCup wi Handle
Double Bottom
Saucer Base
Usually < 20%
t. f,
20% ambien
wes Tote wie
te mane many | “20% upeena
Flat Base Ascending Base
often when masked not
making much upward
Tiwe
‘avid wide ard loose action
offen in uneven market
+ best if shallower each time
Seas
100-208 uptrend
= Weeks, Gan be more.
3 Tight Closes
+ secondary EF
+ closes within 1.5%
+ vol drops:
+ tighter the better
Short Stroke
>
+ secondary BP
+ clases within 1%
* wal drops:
+ bghter ine better
Handles
Seay min
215% bul
30% boar
Indicatorchart.c
Pullback t
Prewous uy rand
breakout
* Nuet ebay bene after
shake out & rebound on
higher vl [SM 1528)
+ Cans edd Brot 2 te i
pulls back te 204m
ort
Mise Rules
+ AN BP 710 cents,
+ ideal prior uptrend 20%
for wke ab avg vot: Sup-aaown
+ up 20% for new base
+ undercut base resets hase count
+ 66% of 3rd stape base (its
+ BO% of 4ih stage base Tails
in base Dokom took for
shakeout
= ‘ight closes
3 volume dryout
. ‘accumulationo sssit CHART PA Tees
ae _nvillieis a. es
= REVERSAL CHART PATTERNS ~Reversal Patterns
Double Top
target
Double Bottom
— rot
neckline ——!— entry
stop
Head and Shoulders
stop
necking T= entry
‘
H
‘
— target
Inverse Head and Shoulders
——tarnet
neckline
Continuation Patterns
Falling Wedge
—— target
<—— entry
= stop
Rising Wedge
ston
santry
‘
ee target
Bilateral Patterns
Ascending Triangle
Bullish Rectangle
—— target
—t entey
stop
Bearish Rectangle
stop
at anny
target
Descending Triangle
—— target
——target
entry
Rising Wedge
stop
entry
— target
Falling Wedge
op
Bullish Pennant
—— target
}
‘
i entry
stop
Bearish Pennant
stop
2S entry
— target
Symmetrical Triangle
targetwave3 = 1.618* wave1
waveS = wave 1
wave 2 = .618* wave 1
wave 4 = 382° wave 3 3
1.000
382
1.000
2
Elliott Wave Fibonacci Levels
G o elm °° /
MULL.
° H Ne a © gla al
9 Gg
> O i 0709 Q “O 0
a