![]() ![]() The 17 chart patterns listed in this resource are one’s technical traders can turn to over and over again, allowing them to take advantage trend reversals and future price movement. ![]() Each pattern has its own set of rules and strategies to interpret. For example, if the chart represents an ascending triangle, the price will continue to bounce off the trendlines until the convergence, where the price breaks out to the upside. By understanding the trends, a trader can confirm an accurate short-term price movement. Traders who use technical analysis study chart patterns to analyze stocks or indexes price action in accordance with the shape chart creates.
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March 2023
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