Price pattern is pattern that is formed within a chart when prices are graphed.It is a complex version of trend lines.We could predict support,resistance and future price targets.As we can predict support and resistance and future price target using price patterns, for beginners , chart pattern trading could give assured results if you train your eyes to see the obvious patterns.
Double Top/ Bottom
Head & Shoulders
Double Top is a top reversal pattern.It is a bearish pattern.Head and shoulder is a distribution pattern ..After a strong uptrend , it there are three successive peaks,the middle peak is the highest and other two like shoulders, H& S pattern forms.
Cup Pattern,Flag Pattern and Triangle Pattern are the most widely seen Price Patterns.
CUP Pattern is for accumulation usually takes about 6 months to 2 Years to form bullish during the breakout. Reversal Cup is distribution usually short span of time. Bearish during break out. FLAG Pattern is formed in 4 to 7 days. Market with steeper pole forms a flag & Breakout with strong bullish.. Triangle pattern usually forms in 1.5 Months. The wave forms triangle usually breakout in 70% shape. Breakout can be at either side Bulish ot bearish.
See the Obvious : Train your eyes to recognize price patterns
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Stock Analysis
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Bullish View
Bearish View
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How this forum help stock traders?
Stock Trading is business, the success depends not just on capital or subscribing advisory services or participating workshops. The factors such as your awareness level about business, Efforts and your contributions, Smartness, Knowledge in analysis and trading instrument, availability of infrastructure and emotional control determine your success.
Hi,
Answering to your question 1 :: I am a pattern trader.Guide me please
Your answer are well framed and appropriate, further practice in technical analysis will make you a good trader.
Answering to your question 2 :: For Intraday perspective how could be modified?
Intraday analysis is totally different from Technical analysis, Intraday is based on its own analysis. In no way price patterns or any other ways of technical analysis can be used for intaday.