TECHNICAL STUDIES

TECHNICALS Chart Patterns The stock market is moving on supply and demand where there are more buyers than sellers, stocks go up &more sellers than buyers, stocks go down. A chart is simply a graphical representation of supply and demand. Any news or information that is important or relevant will show up in the chart. It is a totally unbiased, unemotional, direct representation of everything going on in the stock. History has shown that stocks often form patterns, and when these patterns are broken, price movements can be predicted with a high degree of accuracy. Here we discuss numerous popular chart patterns used by successful traders. Bullish Patterns Symmetrical Triangles Ascending Triangles Rectangles Pennants Flags Wedges Head & Shoulder BottomCup & HandleT rend lines Neutral Patterns Symmetrical Triangles Rectangles Bearish Patterns Symmetrical Triangles Descending Triangles Rectangles Pennants Flags Wedges Head & Shoulder Top Trend lines http://www.leavittbrothers.com/education/chart_patterns/