๐๐ปHi friends.โบ Glad to see you on my page! ๐ค
๐๐ปToday I decided to share with you another educational post.๐๐ป โกContinues the topic of TA methods. We consider each of them in more details. And start with the graphic method. ๐ง
๐นGraphical technical analysis is the analysis of various market graphical models formed by certain patterns of price movements on charts, with the goal of assuming the likelihood of a continuation or change of an existing trend. ๐
๐๐ปClassical figures of technical analysis are divided into:
๐ค๐ปconfirming a trend reversal; ๐ค๐ปconfirming the continuation of the trend; ๐ค๐ปconfirming the possibility of both a reversal and a continuation of the trend.
Each model has its own specific mechanism of education and a certain graphic form.
The dynamics of the volume of transactions is a confirming factor in the existence of a certain model.
All models find an explanation from the point of view of the psychology of market participants.
Despite the apparent simplicity of this method, it shows good results.
The main disadvantage of this method is that it is very subjective.
๐ค๐ป โ TREND REVERSAL PATTERN
๐Head & Shoulders Pattern
๐Triple and double top
โฆTriple Top it often happens that the third attempt is successful for breaking through support / resistance.
โฆDouble Top : after exiting the figure, market fluctuations are visible. At this time, the opening of long positions.
๐ค๐ปโ CONTINUATION OF THE TREND
๐"Flag"
๐ค๐ป โ BILATERAL PATTERNS - POSSIBOLITY OF BOTH A REVERSAL AND CONTINUATIONA OF THE TREND
Such figures have the appearance of a triangle and are divided into converging and diverging triangles. The triangle itself is the most common trend pattern.
๐Triangles
These are not all possible figures of technical analysis. In the next post I'll tell you more.โคโคโค
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โกโกโกโกโกโกโกโกโกโกโกโกโกโกโกโกโกโกโกโกโกโกโก ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅHomework:๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ find on the chart of any coin the patterns that I talked about in my post !!!