The more familiar you are with different price action patterns, the easier it will be to identify high-quality setups within the markets. There are 4 different patterns you will learn about and utilize over and over again. They are as follows:
– triangles and wedges
– head & shoulder patterns
– double tops & double bottoms
– flag patterns
In this lesson, you’ll learn how to identify triangle and wedge patterns within the markets and see some examples on the charts.
Irek will show you 3 different types of triangles: asymmetrical triangles, descending triangles, and ascending triangles.
Learn about head & shoulder patterns (including inverted ones) and what they can signal in the market. Typically this pattern is a really good sign that a trend has reversed, because either a lower high or a higher low has developed.
Double bottoms & double tops are price action patterns that require 2 recent rejections of support or resistance to be considered.
