THE Five CHART PATTERNS EVERY TRADER （五个图表模式每个交易员）.pdf

THE Five CHART PATTERNS EVERY TRADER NEEDS TO KNOW Brought to you by: THE Five CHART PATTERNS EVERY TRADER NEEDS TO KNOW There are a number of dierent tradable patterns seen on futures price charts. These patterns help traders dene trends, determine when to get into a trade and when to get out of one. Chart patterns are a structural part of the futures market (and any market) because they occur based on human psychology, and they work because of human psychology. Chart patterns occur across all time frames; for example youll see triangles both on one- minute charts and daily charts. Which patterns you opt to trade is determined by your trading preferences. Short-term traders focus on patterns that appear on short-term charts, such as ve-minute or fteen-minute charts. They may also keep an eye on longer-term charts, such as the hourly or daily charts to spot major levels which may aect short-term trading. Long-term traders focus on daily charts, as the chart pattern trades on this time frame typi- cally dont need constant monitoring and will last several weeks or more. Here are the ve chart patterns every trader should be able to spot and trade: 1) The Triangle 2) Flags and Pennants 3) Head and Shoulders 4) Cup and Handle 5) Double/Triple Tops and Bottoms The Triangle There are three types of triangle patterns: descending, ascending and symmetric. For trading purposes they are all the same. Figure 1 shows a symmetric triangle. Its symmetric because both lines are angled towards each other. With a descending triangle the lower trendline is horizontal and the upper trendline is descending (angled down). For an ascending triangle the upper trend line is horizontal and the lower trend line is ascending (angled u