Patterns

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While consolidating markets don’t offer obvious trends, the price balance between bulls and bears leads to the bounded range in which price levels of support and resistance are formed in parallel to each other. This bounded range results in a rectangular channel pattern (or box pattern).
Applying classic chart patterns to current trading opportunities
Applying classic chart patterns to current trading opportunities
Applying classic chart patterns to current trading opportunities

Megaphone patterns were first described in Richard Schabacker’s 1932 book: “Technical Analysis and Stock Market Profits,” as rare and intricate patterns.

Technical analysis provides plenty of trading opportunities for traders in the form of patterns, cycles and indicators.

Markets demonstrate repetitive patterns where prices oscillate between one set of price ratios and another making price projections possible.

Parabolic Arc chart patterns form when a steep rise in prices caused by irrational buying and intense speculation hits its apex.

The Head and Shoulders pattern is one of the most popular and recognizable technical trading patterns. The pattern forms near market tops in established up trending or bullish markets.