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By Rizki Aditama | Sekolah Trading
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Get instant insights and key takeaways from this YouTube video by Rizki Aditama | Sekolah Trading.
Understanding Chart Patterns
π A chart pattern is a recognizable formation on a price chart that suggests potential future price movement, either continuation or reversal.
π To identify patterns, one must first master drawing Trend Lines by connecting significant highs and lows on the chart.
π Chart patterns are categorized into three main types: Continuation, Reversal, and Bilateral.
Types of Chart Patterns & Application
π Continuation patterns (e.g., Flag, Pennant, various Triangles) suggest the current trend will resume after a brief consolidation.
π Reversal patterns (e.g., Double Top, Head and Shoulders, Double Bottom) signal a potential shift in the current market direction.
πΊ Bilateral patterns (e.g., Symmetrical Triangle) indicate indecision, requiring traders to wait for a breakout confirmation before entering a trade.
Trading Strategy and Execution
π§ The recommended learning sequence is to first understand non-trend-line patterns like Head and Shoulders and Double Top/Bottom, and then progress to drawing Trend Lines.
β±οΈ Entry signals occur only upon a confirmed breakout of the pattern; entries should not be placed based on the pattern formation alone.
π If a continuation pattern breaks in the opposite direction of the expected continuation, it is considered a failed pattern, and trades based on the original expectation should not be executed.
Key Points & Insights
β‘οΈ Mastering the identification of Head and Shoulders and Double Top/Bottom is foundational as they do not rely on Trend Lines.
β‘οΈ Continuation patterns like the Flag suggest the existing trend will resume; for instance, a downward Flag implies a continuation of the preceding downtrend.
β‘οΈ For bilateral patterns, the primary actionable insight is to wait for the breakout confirmation (up or down) before deciding the trade direction; do not guess the outcome.
πΈ Video summarized with SummaryTube.com on Jan 08, 2026, 13:58 UTC
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Full video URL: youtube.com/watch?v=1vQ26sHPw7k
Duration: 11:08
Get instant insights and key takeaways from this YouTube video by Rizki Aditama | Sekolah Trading.
Understanding Chart Patterns
π A chart pattern is a recognizable formation on a price chart that suggests potential future price movement, either continuation or reversal.
π To identify patterns, one must first master drawing Trend Lines by connecting significant highs and lows on the chart.
π Chart patterns are categorized into three main types: Continuation, Reversal, and Bilateral.
Types of Chart Patterns & Application
π Continuation patterns (e.g., Flag, Pennant, various Triangles) suggest the current trend will resume after a brief consolidation.
π Reversal patterns (e.g., Double Top, Head and Shoulders, Double Bottom) signal a potential shift in the current market direction.
πΊ Bilateral patterns (e.g., Symmetrical Triangle) indicate indecision, requiring traders to wait for a breakout confirmation before entering a trade.
Trading Strategy and Execution
π§ The recommended learning sequence is to first understand non-trend-line patterns like Head and Shoulders and Double Top/Bottom, and then progress to drawing Trend Lines.
β±οΈ Entry signals occur only upon a confirmed breakout of the pattern; entries should not be placed based on the pattern formation alone.
π If a continuation pattern breaks in the opposite direction of the expected continuation, it is considered a failed pattern, and trades based on the original expectation should not be executed.
Key Points & Insights
β‘οΈ Mastering the identification of Head and Shoulders and Double Top/Bottom is foundational as they do not rely on Trend Lines.
β‘οΈ Continuation patterns like the Flag suggest the existing trend will resume; for instance, a downward Flag implies a continuation of the preceding downtrend.
β‘οΈ For bilateral patterns, the primary actionable insight is to wait for the breakout confirmation (up or down) before deciding the trade direction; do not guess the outcome.
πΈ Video summarized with SummaryTube.com on Jan 08, 2026, 13:58 UTC
Find relevant products on Amazon related to this video
As an Amazon Associate, we earn from qualifying purchases

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