Triangle Patterns
Price consolidation patterns forming a triangle shape, indicating a potential continuation or reversal of the current trend.
Reliability: 72% success rate after confirmation
Best Timeframes: Daily, 4H, 1H
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Triangle Patterns
Reliability: 72% success rate after confirmation
Best Timeframes: Daily, 4H, 1H
Pattern Types:
- Symmetrical Triangle (Neutral)
- Ascending Triangle (Bullish)
- Descending Triangle (Bearish)
Identification Points:
- Converging trendlines
- At least 4 touch points
- Decreasing volume during formation
- Break occurs 2/3 through pattern
Best Markets:
- EUR/USD
- USD/CHF
- GBP/USD
Trading Tips:
- Wait for convincing breakout
- Check volume on break
- Use measured move targets
- Consider time-based exits
Common Mistakes to Avoid:
- Trading false breakouts
- Ignoring trend context
- Poor stop placement
Harmonic Patterns
Advanced price patterns based on Fibonacci ratios that help identify potential reversal points in the market.
Reliability: 70% success rate with proper validation
Best Timeframes: Daily, 4H, 1H
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Harmonic Patterns
Reliability: 70% success rate with proper validation
Best Timeframes: Daily, 4H, 1H
Pattern Types:
- Gartley Pattern
- Butterfly Pattern
- Bat Pattern
- Crab Pattern
Identification Points:
- Specific Fibonacci ratios
- XABCD structure
- Precise price legs
- Clear reversal points
Best Markets:
- EUR/USD
- GBP/USD
- USD/JPY
Trading Tips:
- Confirm with other indicators
- Use tight stops
- Take partial profits at targets
- Monitor multiple timeframes
Common Mistakes to Avoid:
- Forcing pattern completion
- Ignoring market context
- Over-leveraging trades
Channel Patterns
Price movements contained between parallel trendlines, showing a consistent trend direction.
Reliability: 82% success rate in trending markets
Best Timeframes: Daily, 4H, 1H
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Channel Patterns
Reliability: 82% success rate in trending markets
Best Timeframes: Daily, 4H, 1H
Pattern Types:
- Ascending Channel (Bullish)
- Descending Channel (Bearish)
- Horizontal Channel (Range)
Identification Points:
- Parallel trendlines
- At least 3 touches each side
- Consistent slope
- Regular price oscillation
Best Markets:
- EUR/USD
- USD/JPY
- GBP/USD
Trading Tips:
- Trade bounces off boundaries
- Wait for confirmation candles
- Use channel width for targets
- Place stops beyond channel
Common Mistakes to Avoid:
- Forcing parallel lines
- Trading every touch
- Ignoring broader trend