ascending-triangle-Pattern.png Ascending Triangle (see picture) you can see that it is similar to triple tops, but the difference is At the time of declining during the formation, the latter marsh bottom is higher than the previous marsh bottom, eg 3 above 2 and 2 above 1 (while the triple top, the marsh bottom is approximately level. Each other), so can analyze whether the price is likely to continue to move up and how much it will move up After breaking through the resistance level? Based on technical analysis principles It can be analyzed that the price is likely to move up a distance equal to or close to the distance measured from point A to resistance, so those waiting to sell should be prepared to take profits at that level. But when the price dropped will be able to buy it (If it does not go down much until it changes the trend in the form of reversal patterns) because The adjustment is a minor adjustment in a big trend, which is an uptrend. Ascending-Triangle-Chart-1024x511.jpeg IFCM_patterns_triangle_ascending.png In the above example, both pictures show that the SET index\"s ascending triangle formed at some point, which allowed the SET index to maintain its original trend. That is, before the ascending triangle formed, the SET index was different. Move up After such a form, the SET index can still be in an uptrend. In the first example image has applied the principle of finding price targets If the price is able to break through the horizontal limiting border of the upward triangle, let\"s apply it. Which can be seen that at the predicted line The share price has adjusted and fluctuated somewhat. Which means small There will be a short-term profit coming out, however, for this case. Short-term profitability cannot stop the determination or strength of the SET index, as can be seen from the SET index continues to climb up unceasingly. Those who knew they sold it is a waste of will rush back to buy back in order to continue to be in the market.
20210623114822-triple-tops-bottoms-1999.jpg Let\"s talk about triple tops first. Its broad definition is that the volume price attempts to push past the horizontal resistance but fails to do so. Also resulted in an adjustment in later periods Listening to it may not be clear. Let\"s do this. Let\"s try to understand further. And see pictures as well. chartpattern1b.jpg In the figure above, let\"s say the price is moving up. And has moved to the top 1, and then there was a collapse in sales, causing a decline to the bottom 1, but the number of shares during the bottom 1, is still not much because everyone thinks that It is a minor adjustment in a big trend that still maintains an uptrend. Want to buy and the price is chasing up until close to the top 1, that has just passed With confidence that it will continue to move in an uptrend, the number of volumes that have been battling in this period is quite large. ST-TEMPLATE-4.png However, as mentioned above on the meaning of resistance As a result, the price has moved down from the 2nd top and continued to flow down to the 2nd bottom, which is a support line. Traders\" expectation remains that there may be a rebound. Therefore, during the 2nd bottom line the volumes appearing are less than during recent uptrends. Because there is still a concern that after selling it can\"t be repurchased (buy it back at a higher price than it sold), but when it comes to actually moving up to the 3rd top, some traders are starting to worry because 2 times ago It has never been able to pass through it. Therefore did not dare to buy to pursue The number of volumes in this period is seldom different from the last period, so when it reaches the 3rd top, it is quite brittle. A downward adjustment is likely to occur. Which can be seen that Three attempts of the price (triple) still failed to break. Pass through horizontal resistance. The completeness of the form takes place. When the price has adjusted down until breaking through the horizontal support line that used to support the abyss point 1 and bottom point 2 down. Here, the level is seen as a neckline, similar to the case of head \u0026 shoulders, but in fact, they call it the base line. The amount of volume in this period will increase a lot. As a result of making a profit that will occur after. Question, will you stop playing at all? The answer is No! But will wait to set up at a level away from the neckline down equal to or close to the distance measured from the top 2 to the neckline, in principle, there may be some rebound. But that\"s just a bounce, not a shift. Continually rising playing in this period It could be a bit of play and wait to take profits at the level before or close to the neckline. The number of volumes sold out was enormous. You can see that at the beginning the volume movement is still an uptrend, but later the trend has become a downtrend, and thus is one of the reversal patterns. Triple-Bottom-chart-pattern_investopower.png if you still don\"t understand I ask you to try to study again and again. It\"s not as difficult as you think! If you understand, then come and try. Let\"s talk about triple bottoms. First of all, we need to know what triple bottoms are for. Or tell us something? Some traders may have already imagined it. That it is a pattern that makes the original trend downtrend more likely to turn into an uptrend, yes! In principle, it\"s like this. Originally, the trend of the price was still a downtrend, that is, when the price weakened to the bottom 1 in the figure, there was a buying force to help. This pushed the price to rebound. Because they see that the price at the bottom 1 is cheap, but when the price reaches the top 1, some people say that they want to sell and take profit first because the big trend is still downtrend. This selling force is the pressure. Price has weakened back down to base According to the definition of support as mentioned above. As a result, the price has rebounded from bottom 2 back up one more time Until reaching the peak 2, it was hit again. It rolls down according to the rules. Until reaching the bottom 3, I would like to come back up again, but this time, it should get more interest in helping to buy Because it has fallen 2 times, it\"s not lower than the bottom 1 and the bottom 2, we have to fight! Screenshot-2022-10-25-at-17.25.37-1024x829.jpg If it can break through the base line resistance again, it will gain a lot of reinforcement. The number of volumes traded will increase, confirming that this rise is strong enough. And many are starting to see that this is a pattern of triple bottoms, although there may be some downturn from take profit (short-term take profit). The interval before the neck line compared to the interval Bottom 1 and Bottom 2 Because it is an adaptation in preparation for an uptrend in the form of triple tops or triple bottoms, when forming it can be seen that Volume prices move sideways, see the figure showing triple tops in real volumes.
Reversal patterns are patterns that tell us that The trend that has occurred in the past is likely to disappear. And new trends that are opposite of the old are likely to arise. For example, it may give you a clearer imagination. The former trend is an uptrend, so when a reversal pattern occurs, it means that the uptrend trend is ending while a downtrend is following. If it was originally a downtrend, a reversal pattern would mean that the downtrend is about to expire, while an uptrend is likely to follow. Head-and-shoulder-pattern-image.jpg From the picture you can see that Originally, the trend was up (uptrend) with the number of volumes rising accordingly. (This is one feature that enhances that the movement is an uptrend), which is before the left shoulder point. After that it will begin to adjust. To the bottom (neck line), but will notice that The number of volumes decreased compared to the previous period. Since many traders still believe that this downtrend is just a minor adjustment in the big trend that is still uptrend, there are not many stocks to be drained out because they are afraid that if it is already drained can\u0027t buy back (The buyback price will be higher than when it was sold), which is what traders expected. That is, in the next period The price has rebounded from the uptrend line up to the head point which is higher than the left shoulder point. The number of volumes increased accordingly. Because everyone is still looking at the picture as an uptrend, so let\u0027s fight. After that it started to decline again, but at this moment, it can be said that no one is certain that the first vertex is the left shoulder and the second vertex is the head. As it is still in an uptrend, this downward adjustment It\u0027s down to test the uptrend line again. The initial number of volumes may not be. Too much to be noticed But when it reaches the receiving point on the uptrend line, it appears that the support is not there. Thus, the uptrend line broke down. 68-1024x474.png Now everyone is starting to know that there will be a serious downturn. Causing a lot of drainage resulting in higher trading volume The price continued to weaken until the bottom of the 2nd swamp (neck line), thus starting to gain strength back in. Causing the volume price to rebound But the number of Volumes is not as much as in the past. Because right now everyone is not sure if it will actually happen. And there is a possibility to adjust down all the time until the point of the right shoulder There is a sales force caused by low-cost people who sell to make a profit first. This point will make Many parties increase their beliefs. Or starting to see a pattern of up the left shoulder head up and where they are now is most likely the right shoulder. However, what would be used to point to the occurrence of the right shoulder is that the shoulder groove (bottom point 2) must not be higher than the first vertex and the right shoulder (point The 3rd peak must not go above the header (the 2nd peak) and this downward adjustment will have a large number of volumes. Which confirms the decline Especially when it breaks down the neckline, it will be more confirmation of the decline. One point of note about the neckline in the event of an uptrend is that this line must not have a negative slope to be a real Head \u0026 Shoulders pattern. By now everyone can see that the head \u0026 shoulders form is perfect. And like this, will they stop playing at all? It\u0027s empty! There are still some groups that know that even head \u0026 shoulders can still play. That is, after discarding the point that is the right shoulder until the price falls through the neckline down, in principle, it can be analyzed that The level that falls below the neckline down to a distance equal to or close to the distance measured from the head down to the neckline, they will begin to try to get. As a result, there was a rebound, but the number of volumes was not much. because it is a short play And these will be prepared to set up a landslide again at the 4th vertex in order not to go beyond the neckline, it will continue to adjust down. The image seen in the aftermath of the header is a downtrend. what-is-inverse-head-and-shoulders-pattern-characteristics-and-how-to-trade-effectively-768x432.jpg Next, head \u0026 shoulders are described in case of a trend shift from downtrend to uptrend. In the case of a shift from downtrend to uptrend, it can also be referred to as reversed head \u0026 shoulders. It can be seen that before the first bottom and 2nd bottom in the figure, the market is still trending in the downtrend phase and the stock is sold. Come quite a lot While the rebound during the first peak, trading volume was relatively small. Because I know that the range The first peak is just an uptrend in a big downtrend, but a rebound from the 2nd bottom could be in the opinion of traders that prices are already fairly low. Therefore came to collect As a result, the price continued to move up. Until finally able to break through the resistance from the downtrend line, there will be some buying pressure to help strengthen the move further. During this period, the number of volumes will increase accordingly. But its shifting It has also been Limited by the neckline, that is, only the 2nd vertex has been adjusted down. So there is a possibility of right shoulder. inverted-head-and-shoulders.jpg However, traders know that this downturn It\u0027s just a temporary adjustment. Since the downtrend line has already crossed, there is no stock drain. Assuming the right shoulder form is complete at the 3rd abyss, the right shoulder fissure (the 2nd vertex) cannot be lower than the first abyssal point and the right shoulder (3rd abyss point) must not be lower than the head (the 3rd apex). 2) After that, there is another upward movement. With buying pressure has swept into another wave causing the neckline to break up and was confirmed by the presence of a sufficiently large volume. In the next period, not everyone sells out much. Because it has begun to believe that the trend has changed from downtrend to uptrend and that neckline in this case must not have a positive slope.