Cheat Sheet for Chart Patterns

Here's a handy little cheat sheet to help you remember all those chart patterns and what they mean, just like we promised.

The main classic chart patterns are mentioned here, along with when they are formed, what type of signal they provide, and what the next expected price move is.

You might also want to bookmark this page in case you need to double-check the indications of those chart patterns before risking your hard-earned money on a transaction.

You never know when you'll have to cheat, right？ Make a note of this!

We didn't include the triangle formations (symmetrical, ascending, and descending) in this cheat sheet, as you may have observed.

This is because these chart patterns can appear in either an uptrend or a downtrend, and they can indicate whether the trend will continue or reverse.

I realize it's perplexing, but that's where practice and experience come in handy!

As previously stated, predicting where the price will break out or reverse is difficult.

So the most important thing is to plan ahead and have your entry/exit orders ready so you can be a part of the action in any case!