Stock chart patterns cheat sheet - Part 2

Stock chart patterns cheat sheet - Part 2

Stock futures May 23, 2020

Stock chart patterns Right-Angled and Ascending 

Stock chart patterns cheat sheet



In this blog, you will learn different types of chart patterns explanations target and stop losses so that we reduce the losses and increase the profits to earn maximum from the stock market. There are a total of 63 chart patterns. We will explain all chart patterns so subscribe to the blog to get the notification when we update. If you really want to learn and earn money practice this exercise daily. Analyze Nifty 50 stock chart find out the pattern and comment on your findings it will help you and other investors 

 Broadening Formations- Right-Angled and Ascending







Trading rules Broadening Formations- Right-Angled and Ascending pattern
  1. Right-Angled and Ascending patterns are two types 1. Upward breakout 2. Downward breakout
  2. Upward Breakout:
  3. This chart pattern has two lines Horizontal line act as a support 
  4. Upward sloping linge act as a resistance 
  5. This is 5 point continuation pattern 
  6. Stock price Should touch at least 2-time horizontal support line and 2 times upward sloping resistance line 
  7. The stock price should make a higher high with rising volumes 
  8. A breakout occurs after price close above upward sloping with high volume 
  9. Target after the breakout is equal to the difference between the horizontal support line and an upward sloping line
  10. In the bull market success rate of this pattern is more than 80%
  11. Always trade with the market trend: E.g. In a bear market short downward breakdown, In the bull market buy upward breakouts.
  12. This pattern in the bull market with an upward breakout has the lowest failure rates 

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1 Comments

  1. Alexey GulyiMay 25, 2020 at 6:55 PM

    Since the start of March 2020, the World Health Organisation has officially upgraded the COVID-19 outbreak to a coronavirus pandemic. The impact has been felt across stock markets worldwide, with many worried about the risks this will pose to stock futures. The Dow Jones has plummeted with the S&P 500 also falling by 11 percent. In the midst of all the market turbulence, investors are still being advised to hold steady with bailout plans in the works and some stocks even managing to rise above the coronavirus chaos.

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Thank you for your valuable comment