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Chart Pattern Strategy - 18 Pola Trading Yang Wajib Kamu Tahu - YouTube
Channel: Angga Andinata
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This time we will discuss
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chart pattern strategy
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that can be used to trade crypto, stocks, Forex, or others.
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I will make a technical analysis video
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that
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even beginners can follow
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. About various
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trading terms,
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technical analysis basics,
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and candle sticks.
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I will discuss in another video, friends.
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So, what is a chart pattern strategy?
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That is a trading strategy
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when the candlestick forms a certain pattern.
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Technical analysis
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is the science of history too.
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If Pattern A is formed,
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it will be bullish.
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If pattern B is formed,
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it will be bearish.
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This is a historical science
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based on market psychology
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that has been researched for decades.
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Each pattern reflects the psychology of the trader.
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But is
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this chart pattern strategy
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definitely true?
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The answer
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is not necessarily.
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We can only predict, we
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can't be sure.
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There is no analysis that can be 100% sure.
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This strategy must still be followed by fundamental analysis
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or Onchain analysis if in crypto.
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Think of this pattern as a war troop strategy.
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Long ago, when there was war, there was a Sun-Tzu strategy.
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Well,
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war also has a pattern.
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If we know the pattern,
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we know the enemy's pattern.
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We know how to take action and win the war.
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In trading terminology, yes profit.
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Well, we will discuss
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the most common and most popular strategies or patterns.
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Oh yes, in determining the trend
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or chart pattern strategy.
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Previously we had to know first what is meant by higher high,
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higher low,
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lower high,
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and lower low.
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We will briefly discuss it.
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Higher high is a price peak or peak
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whose height exceeds the previous peak.
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Higher low is
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a higher throught than the previous trought.
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Higher highs and higher lows
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occur in a bullish market
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or during an up trend.
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Low high is the
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peak of a price that is lower
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than the previous peak
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.
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Lower low is the lowest point or Trought
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that is lower than the previous trought.
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Lower highs and lower lows
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usually occur in downtrend markets.
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Now, in the discussion of chart
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pattern strategy, we will divide it into 3.
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Namely continuation pattern,
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reversal pattern,
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and bilateral chart pattern.
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Continuation pattern means that it is
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a signal of a continuation of the price of the previous
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trend or the main trend.
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Reversal pattern
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means a pattern or signal of a trend reversal
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from bullish
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to bearish,
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or vice versa.
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Bilateral chart pattern means that
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prices can continue their old trend
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or vice versa,
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become a reversal
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of the old trend.
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That's why
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it's called a bilateral pattern.
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Check the link in the description column, friends.
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First, we will discuss Bullish and Bearish Flags.
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The bullish flag
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begins with an up trend.
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After that there is a small channel that appears.
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The direction of the channel is opposite to the rally trend.
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If there is a small Down channel after a bullish rally,
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it is called a bullish flag. On the
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other hand, if there is
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a small up channel that appears after a bearish trend
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, it is called a
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bearish flag.
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Approxiately like this.
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This pattern is almost the same as the channel pattern.
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But for channels
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, we can usually see it in a longer time frame.
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And in the channel
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there are usually several flags like this.
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Next, there is a bullish & bearish pending.
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This penant is more or less the same as the symmetrical triangle
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which we will discuss later.
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More or less form a pattern like this.
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Bullish penant
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begins with a bullish rally.
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In bearish penant
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begins with a bearish rally.
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Until finally the price moves
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through its resistance
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for a bullish wait.
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And penetrated the support
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for
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Bearish pending.
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Next,
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there is the Rising wedge.
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Wedge
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is almost the same as penant.
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Only the slopes of the two triangular lines are in the same direction.
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Both
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are pointing upwards.
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The degrees are different,
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but in the same direction.
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In the rising wedge,
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the top forms a higher high,
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at the bottom it forms
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a higher low.
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Well, these two trend lines form an upward direction.
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What you should pay attention to is that the
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bearish rising wedge
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is a continuation pattern.
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The market will continue the main trend, namely Bearish.
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Meanwhile,
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the bullish rising wedge is a reversal pattern.
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Where is the possibility of a trend reversal.
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Next, there is a bullish & bearish falling wedge.
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At the top it forms a lower high
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with a downtrend line trend.
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The bottom formed a lower low.
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Well, this is a bullish Falling wedge pattern.
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The opposite of the rising wedge,
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the trend line
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is forming downwards.
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Similar to the rising wedge,
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there is a bullish falling wedge
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and a
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bearish falling wedge.
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In bullish the falling wedge begins with an uptrend
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or bullish.
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Meanwhile in Bearish the falling wedge
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begins with a down trend or bearish pattern.
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Important note,
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the bullish falling wedge is a continuation pattern,
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continuing the main trend which is bullish.
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While the Bearish falling wedge
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is a reversal pattern.
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Next,
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we will discuss the ascending or descending triangle.
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The accending triange at the top or the top forms the same high.
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Then at the bottom it forms a higher low.
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Until it forms an upward triangle pattern
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like this.
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Descending triangle,
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the bottom side forms
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the same low
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and creates a horizontal line pattern at the bottom as support.
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While the top
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forms a lower high.
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And make a downward triangle pattern.
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This pattern can be found in either a Bearish
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or a bullish market.
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withdraw.
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In the reversal pattern,
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we will first discuss
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the double top and double bottom.
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Well,
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double top is like this.
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Initially we had an up trend which then
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reached resistance.
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Then go down again
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before rising again to
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form the letter M like this.
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Well,
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what does that mean?
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This means that
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the market failed to reach higher prices
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and would lose momentum
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in continuing its trend.
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This line is the neck line.
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For friends who trade futures, you
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can put a short on the neck line.
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Well, if the
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double bottom pattern is the opposite.
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Initially we had a downtrend,
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then formed a pattern like this.
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Similar to the letter w.
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The bottom is for a
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new support level.
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Well,
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this line is the neck line.
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This means that the market is down trending.
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It's lost its momentum.
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For friends who trade futures, you
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can go long
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after the price has penetrated the neck line.
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For friends who invest, this is a confirmation
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that the market direction will change.
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But for friends who invest, I suggest
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using a longer time frame.
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Next, there is a triple top & triple bottom pattern.
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Triple top,
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initially we have an Up trend
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then form a pattern to reach the same resistance point
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three times in a row.
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This is the neck line and the support level.
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If the pattern has been confirmed,
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we can enter here
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and take a short trade.
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On the other hand,
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we initially had a down trend for the triple bottom.
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Then formed
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a pattern where the candle reached support three times in a row.
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To form a pattern like this.
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Well,
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we
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can enter
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here.
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Next,
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there is head and shoulders.
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Not this head and shoulders, guys.
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But the pattern is a head and shoulder pattern.
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The head and shoulders start with an uptrend
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to form the left shoulder.
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Head
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and right shoulder.
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The swing low part
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forms
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the neck line.
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This means that there are signs of a change in trend.
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From initially bullish
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to bearish.
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But there are more head and shoulders confirming the trend change.
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That is, if the neck line is sloping downwards.
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Friends can enter when
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the price breaks the
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neck line.
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Next, the opposite is the
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head and shoulder inverse.
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This is the opposite of head and shoulders.
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Which started with a downtrend.
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This is the left shoulder,
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this is the head,
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and the right shoulder.
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The swing high forms the neck line.
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It also means the same as
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head and shoulders.
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That is a sign of a changing trend.
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And the pattern becomes more perfect
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when the neck line is up.
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Next, we will discuss
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the trend change pattern reversal.
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In trend change reversal,
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we have two variations each for the bullish market
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and the bearish market.
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Remember,
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a reversal means a reversal of the previous trend.
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The first variation,
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in a Bullish market like this.
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Starting from the Up trend market
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and forming Higher highs and higher lows.
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Then
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the price formed a
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Lower low.
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Gives a trend signal Change pattern in a bullish market.
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The second variation in the Bullish market,
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like this.
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Starting from the Up trend market
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and forming Higher highs and higher lows.
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Until then
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the price formed a lower high
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and a lower low.
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Gives a confirmed reversal signal in the Bullish market.
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This means that there is a loss of momentum from the market
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to form
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a higher price.
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That was in the Bullish market.
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How about in a bear market?
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The first variation in a bearish market,
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like this.
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Starting from a downtrend market
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and forming a lower high and a lower low.
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Until
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the price forms a
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higher high.
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Provides a trend change signal.
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The second version in a bearish market,
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like this.
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Starting from the market Down trend
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and forming Lower highs and lower lows.
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Until it forms
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a higher low
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and a higher high.
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This means that
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the market is
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losing momentum
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to form a lower price.
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And there is a trend reversal.
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Then there is the bilateral pattern.
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Next is the Symmetrical Triangle.
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In the symmetrical triangle,
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the top side forms a lower high,
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the bottom side forms
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a higher low.
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Well,
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many questions about How to attach the line.
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Frankly,
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in my opinion,
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there are no definite provisions.
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Because the market is not perfect.
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If you make a line,
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consider the line roughly.
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Because the market sometimes moves irregularly
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and certainly
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not as simple
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and not as perfect as I described.
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There is no market movement
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or pattern that really looks perfect.
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If we continue to wait for the
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pattern to form until it is perfect,
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we may lose more momentum.
[842]
Well, if you forget.
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