Remember, our goal is to spot big movements before they happen so that we can ride them out and rake in the cash. After all, who doesn’t want to have a pool of cash to swim in like Richie Rich?
Chart formations will greatly help us spot conditions where the market is ready to break out. They can also indicate whether the price will continue in its current direction or reverse so we’ll also be devising some nifty trade strategies for these patterns.
Don’t worry, we’ll give you a neat little cheat sheet to help you remember all these cool patterns and strategies!
Here’s the list of chart patterns that we’re going to cover:
Double Top and Double Bottom
Head and Shoulders and Inverse Head and Shoulders
Rising and Falling Wedges
Bullish and Bearish Rectangles
Bearish and Bullish Pennants
Triangles (Symmetrical, Ascending, and Descending)