How Many Gold Chart Patterns are There?
The 3 main types of chart patterns used by traders are
1. Reversal Setup Patterns
- Double Tops Setup Patterns
- Double Bottom Setup Patterns
- Head & Shoulders Setup Patterns
- Reverse Head and Shoulders Setup Patterns
Reversal Trading Setup Patterns confirm the reversal of the market trend once this reversal setups setup is confirmed. These reversal setups are formed after extended market trend either up-ward or down-wards and these patterns signal that the market trend is about to reverse.
2. Continuation Setup Patterns
- Ascending Triangle Patterns
- Descending Triangle Patterns
- Bull Flag/Pennant Setup Patterns
- Bear Pennant/Flag Setup Patterns
Continuation Patterns are arrangements which set up the market for a trend continuation move in direction of previous trend. The continuation patterns are formed when the market is taking a break prior to continuing in same direction of previous trend.
3. Bilateral Setup Patterns
- Symmetrical Triangle - Consolidation Chart Setup Patterns
- Rectangle - Range XAUUSD Setup Patterns
Consolidation Patterns form when the market is taking a break prior to deciding next direction to head. When these consolidation patterns are formed the market is trying to figure out what direction to trade.
Gold Chart Patterns Guide
This patterns cheat sheet tutorial explains the Three types of patterns used in day trading & scalping trading.
Traders can also find the chart patterns technical analysis on the tutorial below that explained examples of the various chart patterns & also learn how to analyze and trade these chart pattern setups.
Reversal Setup Patterns Guides
Double Top Setup Patterns & Double Bottoms Setup Patterns
Head & shoulders Gold Setup Patterns & Reverse Head and shoulders Gold Setup Patterns
Continuation Patterns Tutorial Guides
Consolidation Patterns Tutorials
Consolidation Chart Setup Patterns
Trading Chart Patterns - Patterns Guide PDF Guide
