Different Technical Analysis Patterns – New Trader U

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Different Technical Analysis Patterns – New Trader U


Different Technical Analysis Patterns

There are many different types of chart patterns in technical analysis. These patterns can show a chart is in an uptrend, a downtrend, going sideways or signal a potential reversal. The purpose of these patterns are to identify the path of least resistance so a trader can align their position in the direction of the highest potential for profits. The best use of chart patterns is to identify high probability entry points and show levels to set stop losses and profit targets to create good risk/reward ratios.

Bullish Chart Patterns

Bearish Chart Patterns

Candlestick Chart Patterns Cheat Sheet

Different Technical Analysis Patterns
Image courtesy of decodingmarkets.com

Bullish Candlestick Patterns

Bearish Candlestick Patterns

For a deeper look into all these different technical analysis patterns you can check out my books on chart patterns, candlestick patterns, and technical analysis here. 



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