The Saucer Pattern is a reversal pattern that is found on bar charts. It is characterized by a series of three downtrends followed by a break above the resistance of the third downtrend. The pattern is considered to be complete when the stock price closes above the resistance level.
What are the 5 patterns?
1. Head and Shoulders: This is a bearish reversal pattern that forms when the price creates a peak, followed by a higher peak, and then another lower peak. The pattern is confirmed when the price falls below the neckline.
2. Double Top: This is a bearish reversal pattern that forms when the price creates two consecutive peaks. The pattern is confirmed when the price falls below the support level created by the peaks.
3. Double Bottom: This is a bullish reversal pattern that forms when the price creates two consecutive troughs. The pattern is confirmed when the price rises above the resistance level created by the troughs.
4. Triple Top: This is a bearish reversal pattern that forms when the price creates three consecutive peaks. The pattern is confirmed when the price falls below the support level created by the peaks.
5. Triple Bottom: This is a bullish reversal pattern that forms when the price creates three consecutive troughs. The pattern is confirmed when the price rises above the resistance level created by the troughs.
What is a saucer pattern? The saucer pattern is a bullish reversal pattern that is typically found in downtrending markets. It is characterized by a series of lower highs and lower lows followed by a breakout above the resistance of the previous highs. This breakout signals a change in trend from down to up. What are the two types of technical analysis? 1. Technical analysis is the study of past price action in order to identify patterns and predict future price movement.
2. Fundamental analysis is the study of economic indicators in order to identify trends in the markets.
How many types of patterns are there? There are three main types of patterns in technical analysis:
1. Continuation patterns
2. Reversal patterns
3. Consolidation patterns
Continuation patterns indicate that the current trend will continue. Reversal patterns indicate that the current trend will reverse. Consolidation patterns indicate that the market is in a period of indecision. What are the two main types of patterns? The two main types of patterns are continuation patterns and reversal patterns.
Continuation patterns indicate that the current trend is likely to continue. Reversal patterns indicate that the current trend is likely to reverse.