I spent over 100 hours studying the best patterns in Technical Analysis taught to me by @niki_poojary.
Turns out, patterns trading is simple—if you follow these 8 Patterns:
Turns out, patterns trading is simple—if you follow these 8 Patterns:
Let's start: ↓
While studying her Twitter profile and with constant talks with her, I found these to be the most important patterns she focuses on always.
Then I wrote a small summary of what each pattern means.
Also attached are some examples from her tweets.
While studying her Twitter profile and with constant talks with her, I found these to be the most important patterns she focuses on always.
Then I wrote a small summary of what each pattern means.
Also attached are some examples from her tweets.
1/ Cup and handle Pattern
Happens during an uptrend.
The cup portion has a U-shaped appearance.
The bears are getting weaker as they are unable to drive the prices below the last low.
Subhasish Pani uses this a lot in stocks to spot bullish trades.
Happens during an uptrend.
The cup portion has a U-shaped appearance.
The bears are getting weaker as they are unable to drive the prices below the last low.
Subhasish Pani uses this a lot in stocks to spot bullish trades.
Eg 1:
Eg 2:
2/ Bullish Flag Pattern
Happens after a trending move.
After constant lower lows in a downward-sloping rectangle, the market breaks out.
These patterns are very powerful if the down move is still higher than 50% of the distance of the up move.
Happens after a trending move.
After constant lower lows in a downward-sloping rectangle, the market breaks out.
These patterns are very powerful if the down move is still higher than 50% of the distance of the up move.
Eg 1:
Eg 2:
3/ Double Bottom Pattern
It is a bullish pattern that has the shape of a "W".
The market tries twice to break the lows but is unsuccessful.
This is a reversal pattern to observe during a downtrend for a bullish trade.
It is a bullish pattern that has the shape of a "W".
The market tries twice to break the lows but is unsuccessful.
This is a reversal pattern to observe during a downtrend for a bullish trade.
4/ Double Top Pattern
It is a bearish pattern that has the shape of an "M".
The market tries twice to break the highs but is unsuccessful.
This is a reversal pattern to observe during an uptrend for a bearish trade.
It is a bearish pattern that has the shape of an "M".
The market tries twice to break the highs but is unsuccessful.
This is a reversal pattern to observe during an uptrend for a bearish trade.
5/ Bearish Flag Pattern
Happens after a trending move.
After constant higher highs in an uptrend-sloping rectangle, the market breaks down.
These patterns are very powerful if the up move is still lower than 50% of the distance of the down move.
Happens after a trending move.
After constant higher highs in an uptrend-sloping rectangle, the market breaks down.
These patterns are very powerful if the up move is still lower than 50% of the distance of the down move.
Eg 1:
Eg 2:
6/ Head and Shoulders Pattern
Signifies a change from a bullish to a bearish trend.
The bullish momentum is reducing as bulls are not able to take out their highs with force.
Bears are fully in control.
We look for a trade below the breakdown of a support in such patterns.
Signifies a change from a bullish to a bearish trend.
The bullish momentum is reducing as bulls are not able to take out their highs with force.
Bears are fully in control.
We look for a trade below the breakdown of a support in such patterns.
Eg 1:
7/ Inverse Head and Shoulders Pattern
Signifies a change from a bearish to a bullish trend.
The bearish momentum is reducing as bears are not able to take out the lows with force.
Bulls are fully in control.
We trade above the breakout of a resistance in such patterns.
Signifies a change from a bearish to a bullish trend.
The bearish momentum is reducing as bears are not able to take out the lows with force.
Bulls are fully in control.
We trade above the breakout of a resistance in such patterns.
Eg 1:
8/ Inverse Cup and Handle Pattern
Happens during a downtrend.
The cup portion has a reverse U-shaped appearance.
The bulls are getting weaker as they are unable to drive the prices above the last high.
Subhasish Pani uses this a lot in stocks to spot bearish trades.
Happens during a downtrend.
The cup portion has a reverse U-shaped appearance.
The bulls are getting weaker as they are unable to drive the prices above the last high.
Subhasish Pani uses this a lot in stocks to spot bearish trades.
That's a wrap!
If you enjoyed this thread:
1. Follow us
@Adityatodmal & @niki_poojary
for more threads on Price action, Option Selling & Trading growth.
We've got you covered.
2. RT the first Tweet to share it with your audience.
I appreciate it!
If you enjoyed this thread:
1. Follow us
@Adityatodmal & @niki_poojary
for more threads on Price action, Option Selling & Trading growth.
We've got you covered.
2. RT the first Tweet to share it with your audience.
I appreciate it!
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