Transcription of CLASSIC PATTERNS - Kotak Securities
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CLASSIC PATTERNS 1 TABLE OF CONTENTS CLASSIC PATTERNS Bullish PATTERNS : .. Ascending Continuation Bottom Triangle Bottom Continuation Diamond (Bullish) .. Continuation Wedge (Bullish) .. Diamond Double Flag (Bullish) .. Head and Shoulders Megaphone Pennant (Bullish) .. Symmetrical Continuation Triangle (Bullish) .. Triple Upside Rounded . 1 2 5 9 11 . 13 15 19 . 22 27 28 31 35 39 42 Bearish Continuation Diamond (Bearish) .. Continuation Wedge (Bearish) .. Descending Continuation Diamond Double Top (Bearish) .. Downside Flag (Bearish) .. Head and Shoulders top (Bearish) .. Megaphone Pennant (Bearish) .. Rounded Symmetrical Continuation Triangle (Bearish) .. Top Triangle Top Triple . 45 46 48 50 53 55 60 62.
1. Occurrence of a Breakout Technical analysts pay close attention to how long the pattern takes to develop to its apex. The general rule is that prices should break out - clearly penetrate the upper trendline - somewhere between three-quarters and two-thirds of the horizontal width of the formation. The break out, in other words, should
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