| 1 |  | What is a Chart pattern Chart patterns are used to identify the market trends - its a part of technical analysis and provide strong signals of the upcoming price movement. |  |  |  | | 2 |  | Ascending Triangle Ascending Triangle is formed when bulls push the market close higher and higher until bears loose their ground. |  |  |  | | 3 |  | Descending Triangle Descending Triangle is formed when bears push the market close lower and lower until bulls loose their ground. |  |  |  | | 4 |  | Symmetrical Triangle Symmetrical Triangle |  |  |  | | 5 |  | Flags and Pennants Flags and Pennants |  |  |  |
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 | | 1 |  | Reading Charts Charts provide visual representation of the market - and if you can read into it - it also provides the psychological stress points of the market - support(s) and resistance(s) |  |  |  | | 2 |  | Charting tools Easy to understand and simple to use tools that highlight market entries and market exists are already provided in most charting softwares - learn how to use them. |  |  |  | | 3 |  | Chart Patterns Mystic language of charts - in most cases, the answer is obvious to those who can decipher chart patterns. |  |  |  | | 4 |  | Indicators and Oscillator These tools provide you with a probable market trend based on mathematics. Use them ONLY to confirm your analysis. Do not rely on these alone. |  |  |  | | 5 |  | Creating your trading system Simply put: using a small group of charting tools from your arsenal of tools. Put those tools to test using your demo account or do backtesting. |  |  |
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