Are you looking for a simple way to learn Chart Patterns? Then check out this Chart Patterns cheat sheet I made exclusively for you.
You can download this Chart Patterns cheat sheet as a PDF for free. There are numerous trading patterns, and it can be challenging to remember all of them.
For instance, patterns can be bullish or bearish, indicating a trend reversal, continuation, or ranging mode.
If you’re passionate about trading and love to track price action like I do, you’ll love this cheat sheet—it’s a game-changer for improving your trading skills! That’s why I am offering this “Chart Patterns Cheat Sheet” for free to download.
Download Your Free Copy Now and level up your trading skills to the next level.
Chart Patterns Cheat Sheet PDF Overview
File information | Details |
---|---|
File Name | Chart Patterns Cheat Sheet With Examples PDF Download |
File Type | |
File Size | 47.8 MB |
PDF Quality | Very Good |
No. of Pages | 45 |
Category | Technical Analysis |
Published By | www.chartingskills.com |
Chart Patterns Cheat Sheet Download
You can download the printable Chart Patterns Cheat Sheet pdf by clicking the download button given below.
What is a Chart Pattern?
Chart Patterns are different patterns made by price on the chart of stock, crypto, currency, commodity, etc.
These chart patterns help us identify trends, reversals, and trading opportunities. So, understanding and learning them are necessary for traders.
This is a basic part of technical analysis in trading, just like candlestick patterns. If you want to enhance your trading skills, check out this 35 Powerful Candlestick Patterns PDF.
It’s like a cheat sheet of Candlestick Patterns, which will improve your trading and help you become more skilled.
Types of Chart Patterns
There are three types of Chart Patterns, which include Reversal, Continuation, and Bilateral chart patterns.
These chart patterns are decided based on bullish or bearish momentum.
Bullish patterns indicate that a downtrend is likely ending, and a new uptrend is beginning. And bearish patterns suggest that an existing uptrend is weakening, and a new downtrend is about to begin.
We will explore these three types of chart patterns one by one so you can easily understand them.
Reversal Chart Patterns
A reversal chart pattern reverses the ongoing trend, which means if an uptrend is going on and this pattern occurs, then that uptrend will reverse to a downtrend and vice versa.
A reversal pattern appears when a stock reaches a certain level, and pressure on buyers or sellers increases, causing a price reversal.
Traders use these chart patterns to enter or exit the market.
Reversal chart patterns include:
- Head & shoulder
- Inverted Head & shoulder
- Double Top
- Double Bottom
- Rising wedge
- Falling Wedge
I have already given a chart pattern with examples in the chart pattern cheat sheet, so you can check it out there.
Continuation Chart Patterns
Continuation chart patterns are price formations in financial markets that suggest an ongoing trend will likely resume after a temporary pause.
Traders use them to predict potential price directions and plan their trades accordingly.
Continuation chart patterns include:
- Bullish Flag
- Bearish Flag
- Rising Wedge
- Falling Wedge
You may think I have made a mistake and added Rising and falling wedge patterns in both Reversal and Continuation chart patterns.
But no, We have Rising Wedge and Falling Wedge patterns in both. But they both work differently. If you find a Rising Wedge in an uptrend, it will reverse the trend.
And if you find a Rising wedge in a downtrend, it will continue. The same goes for a Falling wedge.
If you find a falling wedge chart pattern in a downtrend, it will reverse the trend to an uptrend, and if you find it in an uptrend, it will continue.
To simplify things more:
Reversal:
- Rising Wedge in Uptrend – Reverse to Downtrend.
- Falling Wedge in Downtrend – Reverse to Uptrend.
Continuation:
- Rising Wedge in Downtrend – Continue to Downtrend.
- Falling Wedge in Uptrend – Continue to Uptrend.
Bilateral Chart Patterns
Bilateral chart patterns can reverse or continue a trend. In short, they show indecision between buyers and sellers. As a result, the price gets stuck at the same levels.
Traders wait for a breakout to take a trade in these chart patterns.
Bilateral chart patterns include:
- Ascending Triangle chart pattern
- Descending Triangle chart pattern
- Symmetrical Triangle chart pattern
What is a chart pattern cheat sheet?
A chart pattern cheat sheet is a PDF guide for you, which will simplify chart patterns for you.
It has all important chart patterns so you can identify chart patterns quickly, and I also added a few examples to make things clearer and simpler.
You can print the first page and add it in front of your trading desk so you can learn and use it easily during market hours.
Also, check out the example of every chart pattern to easily find the patterns on charts.
Why do you need a chart pattern cheat sheet?
A chart pattern cheat sheet can be valuable for traders and investors.
As markets often display repetitive patterns, having a quick reference guide to these patterns can help you make more informed decisions.
By identifying these chart patterns early, you can take advantage of market trends and make profitable trades.
In short, you analyze historical data while checking current trends to make future price predictions and with chart patterns this thing becomes easy.
Final Word
Lastly, Learning chart patterns can improve your trading skills and bring you closer to becoming a pro trader.
I hope this Chart Pattern Cheat Sheet will be a valuable resource in your journey to becoming a pro trader like it is for me.
Remember that this chart pattern cheat sheet is just one tool for you in trading. And only learning this won’t make you a successful trader at all.
You need to master other things such as Risk management, Money management, Psychology, etc.
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