https://blog.techcharts.net/wp-content/uploads/2017/05/May-30-Featured-Image.png 639 962 Aksel Kibar https://blog.techcharts.net/wp-content/uploads/2017/05/Tech-Charts-logo-FINAL-CLEAN-340w.png Aksel Kibar2017-05-30 14:16:322017-08-18 14:49:15Review of the Best Classical Chart Pattern Breakouts
Every week, as I go through 1000’s of charts. I look for select, common characteristics on developing chart patterns. And the chart pattern should be mature on a weekly scale. For me, this means chart patterns in duration between 3 to 24 months. It should have a well-defined and preferably a horizontal chart pattern boundary. I look for chart patterns classified as H&S top/bottom, rectangles, cup & handle continuations, double top/bottoms and flags. I only feature symmetrical triangles that have well-defined boundaries. The boundary of the chart pattern should be tested several times before the breakout takes place. Several tests of a chart pattern boundary is an indication that market participants actually recognized the pattern boundary as an important technical level. A breach of this level would signal a shift in the market dynamics between the bulls and the bears.