Chart Patterns | Thescouttrader

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Breakdown on Nifty - Financial Analysis for the week ended 15 Oct, 2024

Nifty has decisively broken below an important support at 23900 last Tuesday, 12th November, 2024, after a 3 week consolidation. This...

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Crude closes at the lowest point in 2 months. Price Action for the week ended 15th Nov, 2024

Crude oil closed at USD 66.90 on Friday, November 15 2024, its lowest close since September 10, 2024 when it closed at USD 66.24. In this...

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SILVER BREAKS OUT WITH A MEGA MOVE OF 6.4% IN A SINGLE DAY ON FRIDAY!!

Silver has well and truly broken out of a 21 week consolidation pattern that included a 1-2-3 bottom. Please read all about the build up...

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US markets gain for the sixth straight week - Financial Analysis for the week ended 18 Oct, 2024

The analysis for the last week ended 11h October mentioned breakouts from bullish patterns for the US indices on the weekly charts that...

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Trade Diary - Strong Bullish Trend after breakout on Natural Gas - Fresh Buy Signal on 20th Sep, 2024

Natural Gas has continued to move up after a breakout from a smaller 1-2-3 bottom in the week ended 6th September, 2024. Refer chart...

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The Big Breakout - Financial Analysis for the week ended 20 Sep, 2024

The DJIA has broken out of a reverse Head & Shoulder pattern on the weekly chart last week coinciding with the generous 50 bps cut...

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Trade Diary - Big Breakdown trades in Copper, Zinc, Silver and Crude in Week ended 19th Jul, 2024

Last week saw some big breakdowns after forming a sideways range or a bearish pattern on the daily chart, in commodities like Copper,...

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Trade Selection on Nifty : Chart Pattern

In this post, we delve into the second short-term variable that feeds into our Trade Selection Tool—Chart Patterns on the 1-hour (1H)...

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Chart Pattern - Sideways Rectangle or Trading Range

A Sideways Rectangle, also known as a Trading Range or consolidation pattern, represents a period when the price moves within a range,...

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Chart Pattern - Flag or Pennant

A Flag or a Pennant forms during sideways consolidation, a continuation pattern that typically occurs after a strong price movement,...

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Chart Pattern - W Pattern

The W pattern resembles the letter "W" and is considered a bullish reversal pattern. It typically occurs after a prolonged downtrend and...

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Chart Pattern - 1-2-3 Top or 1-2-3 Bottom

A 1-2-3 Top occurs frequently on the charts, sometimes as part of a larger pattern, usually after a significant uptrend. It indicates ...

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Chart Pattern - Double Top or Double Bottom

A Double Top is a common chart pattern that indicates a potential trend reversal from bullish to bearish. It occurs after an uptrend and...

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Chart Pattern - Head & Shoulders or Reverse Head and Shoulders

The Head & Shoulders (H&S) pattern is a popular and widely recognized chart pattern used in technical analysis to identify potential...

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What is required of you to trade our System - the Prerequisites

Now that you understand what our Trading System entails, let’s explore what is required of you to effectively practice it: Basic Charting...

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Chart Patterns that you need to know to Trade our System

Hope you have gotten a good grip of the candlestick patterns from the prior post. The next technical tool that you need to know is Chart...

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