Thursday, July 2

How to predict chart patterns for forex, cfd and crypto

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Chart patterns are specific price formations on a chart that predict future price movements. As technical analysis is based on the assumption that history repeats itself, popular chart patterns have shown that a specific price movement is following a particular formation of price chart pattern with high probability. Therefore, chart partners are grouped into:

(1) continuation patterns – that signal a continuation in the underlying trend, and

(2) reversal patterns – that signal reversal of the underlying trend.

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