Chart Patterns Videos

This video reviews this day traders favorite charting pattern, the inverted head and shoulders which resembles a W bottom.  He reviews a few examples of trades that he placed and mentions that it is very important to see volume on the break through the neckline of the inverted head and shoulders.

The speaker whiteboards two very reliable chart patterns which are two of his favorites.  The double top and double bottom repeat themselves due to human emotion.  Traders need to see how the market reacts at the pivot point which represents the pivot

The video covers a technical chart formation known as the rounding top.  The rounding top occurs after a strong up move and signals that the momentum has slowed down and that the stock is vulnerable to a breakdown.  Many times, the head & shoulders top

The speaker covers some profitable chart patterns.  He first talks about the reliability of symmetrical triangles and how one can make profits on an upward or downward breakout.  Volume should be monitored closely and it should pick up when t

The video presents a live trading example of a trader buying a symmetrical triangle and not following his own rules.  He took the trade and took his stop loss order out and watched the stock gap down big the next day.  He continued to watch it crater ov

The speaker provides an overview of the wedge pattern and suggests that it can be considered a reversal or continuation pattern depending on the shape and where it appears.  The falling wedge is created when the market makes lower lows and lower highs within a contracting range and indicates that the market is

The presenter discusses the presence of a rising wedge in a few of the currency pairs.  He then covers a few exponential moving averages that he overlays onto the chart and also discusses how he uses pivot points to determine

This video illustrates the rising wedge technical pattern which is confirmed by a divergence in the MACD.  This condition led to a breakdown in the stock that was being analyzed in

The presenter provides an explanation of how he trades the falling wedge technical setup.  The falling wedge is a bullish trading setup and has greater odds of success when there is a large volume and price move above the top of the wedge.  The speaker mentions the importance of looking for bullish diverg

The video provides a real trading example of a pennant formation.  The pennant formation is formed after a strong rally, which is known as the pole.  When the security consolidates after this run, it can form a triangle before breaking higher again.  This triangle is known as a pennant.

The speaker discusses specific strategies for trading flags and pennants with entry and exit rules.  Flags and pennants are considered a pause before the resumption of a trend.  Traders will look to buy the breakout above the r

The speaker explains the flag and pennant chart patterns.  Both of these patterns are continuation patterns in the direction of the primary trend.  They are created with a sharp move, up or down, which is considered to be the pole.  Following the creation of the pole, a consolidation ensues which can

The speaker talks about a gap in the emini futures and talks through the definition of a gap and discusses some of the myths of gaps.  He discusses the difference between gaps and lapses.  The speaker defines a true gap as a price opening which is above or

The speaker talks about trading gaps on the S&P Emini contract.  He states that gaps fill in relatively short order about 85 to 90% of the time.

This video talks about the 30 minute gap strategy used when day trading.  The speaker discusses the importance of looking at the larger timeframes to understand where heavy support or resistance le