[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-571272-105":53,"doc-detail-571272-en":127},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":120,"head_meta":122,"extra_data":124,"updated_unix":126},105,"en","price-pattern-identification-trading-plan-and-key-chart-patterns","PRICE PATTERN IDENTIFICATION - trading plan and key chart patterns","","Price Pattern Identification outlines how technical analysis uses recurring chart formations to anticipate the high-probability direction of major market trends. It explains a structured process for recognizing continuation and reversal patterns, including how to assess internal health of trend indicators (V & OI), identify closest support and resistance, select orthodox patterns, and set measuring objectives and stop-out levels. The guide covers head and shoulders, double tops/bottoms, triangles, wedges, flags, and gaps, emphasizing proper entry/stop logic and the need to avoid forcing trades by diversifying analysis.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":51,"@type":70,"position":76},"https://docshare.wps.com/template/general/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/price-pattern-identification-trading-plan-and-key-chart-patterns/571272/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/price-pattern-identification-trading-plan-and-key-chart-patterns/571272.png","ImageObject",442,249,{"name":88,"@type":89},"\tCallum ","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-25","2026-10-13",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",7,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What is the objective of price pattern identification in technical analysis?","Question",{"text":109,"@type":110},"It focuses on identifying price patterns formed on charts that tend to impact price movements in a particular order.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"How do continuation and reversal patterns differ?",{"text":114,"@type":110},"Continuation patterns occur when the major underlying trend continues, often after a correction. Reversal patterns occur when the major underlying trend reverses, generally before market sentiment changes.",{"name":116,"@type":107,"acceptedAnswer":117},"What are the key checks and steps for using the Head & Shoulders reversal pattern?",{"text":118,"@type":110},"The pattern’s reliability depends on the presence of a trend and conditions such as a high volume at the head, OI decline at the head, and declining volume at the right shoulder. Entry starts when the pattern breaks, the measuring objective uses the perpendicular distance from neckline to head, and stop loss is set by removing the head or failing safe trendlines.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},571272,1792086218,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":50,"category_name":51,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":136,"language":137,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":138,"faqs":139,"seo_title":140,"seo_description":61,"update_tm":141,"read_time":142},137451211410,"https://ap-avatar.wpscdn.com/avatar/2000bb0a9246f588df?x-image-process=image/resize,m_fixed,w_180,h_180&k=1786362646172706240","PRICE PATTERN IDENTIFICATION  \nObjective  \nOne critical aspect of technical analysis is the identifying price patterns. The topic discusses certain patterns are formed in the price charts which tend to impact price movements in a  \nparticular order.  \nAgenda  \n• Process  \n• Price pattern recognition  \n• Continual and Reversal Pattern  \n• Head & Shoulders Top and Bottom  \n• Double Top and Double Bottom  \n• Symmetrical Triangles  \n• Right Angle Triangle  \n• Wedge Formations  \n• Flags  \n• Minor Trend Change Indicators  \n• Gaps  \nProcess  \n\n| |  |\n| --- | --- |\n| \u003Cbr>\u003Cbr> 2 Internal Health of trend (V & OI)  |  |\n| .\u003Cbr>|  |\n| \u003Cbr>\u003Cbr> 3. Closest Support and Resistance levels  |  |\n| |  |\n| \u003Cbr>\u003Cbr> 4 Look for orthodox price pattern  |  |\n| .\u003Cbr>|  |\n| \u003Cbr>\u003Cbr> 5 Determine measuring objective and the stop-out levels  |  |\n| .\u003Cbr>|  |\n| \u003Cbr>\u003Cbr> 6 Create a trading plan based  |  |\n| .\u003Cbr>|  |\n|  | |\n|  7 . Do not force a conclusion; sometimes no trade is the best trade  |  |\n| \u003Cbr>\u003Cbr> 8 Diversify the analysis  |  |\n| .\u003Cbr>|  |\n\n1. Direction of Major Price Trend   \nPrice Pattern Recognition  \n• The patterns indicate the high probability direction of the major price trend  \n􀂾 Carry specific measuring objectives and, most importantly  \n􀂾 Alert a trader where things are going wrong  \n• Rationale of price charts => supply and demand synthesized into price  \n• Reversal patterns  \n• Continuation patterns  \nContinual and Reversal Pattern  \n• Continual Patterns  \n􀂾 Patterns in which major underlying trend continues  \n􀂾 Generally associated with a correction before trend resumes  \n􀂾 Exp: Symmetrical triangles  \no Flags  \no Wedges  \nContinual and Reversal Pattern  \n• Reversal Patterns  \n􀂾 Patterns in which major underlying trend reverses  \n􀂾 Reversals generally happen before market sentiment changes(i.e. before fundamental news change)  \n􀂾 Exp. Head and Shoulders  \no Double Top, Double Bottom  \nHead & Shoulder  \n• Most reliable (86-88%) reversal pattern  \n• Physically resembles a head & shoulders  \n• Precautions  \n􀂾 Presence of trend  \n􀂾 5 point reversal  \n􀂾 High Volume @ head  \n􀂾 OI decline @ head  \n􀂾 Declining Vol @Right shoulder  \n􀂾 Right shoulder lower than Head  \n􀂾 Close outside pattern  \n􀂾 SYMMETREY  \nHead & Shoulder  \n• Activation  \n􀂾 Close beyond pattern  \n• Measuring objective  \n􀂾 Perpendicular distance from neckline to Head  \n• When to ENTER ?  \n􀂾 Starts from breaking of pattern  \n• Stop Loss  \n􀂾 Head taken off  \n􀂾 Failsafe trendline  \nHead & Shoulder","cbCaily3k9fn9cmS","https://ap.wps.com/l/cbCaily3k9fn9cmS","pdf",2488121,58,"English","# Objective\n# Agenda\n## Process\n## Price Pattern Recognition\n## Continual and Reversal Pattern\n## Head & Shoulders","[{\"question\":\"What is the objective of price pattern identification in technical analysis?\",\"answer\":\"It focuses on identifying price patterns formed on charts that tend to impact price movements in a particular order.\"},{\"question\":\"How do continuation and reversal patterns differ?\",\"answer\":\"Continuation patterns occur when the major underlying trend continues, often after a correction. Reversal patterns occur when the major underlying trend reverses, generally before market sentiment changes.\"},{\"question\":\"What are the key checks and steps for using the Head \\u0026 Shoulders reversal pattern?\",\"answer\":\"The pattern’s reliability depends on the presence of a trend and conditions such as a high volume at the head, OI decline at the head, and declining volume at the right shoulder. Entry starts when the pattern breaks, the measuring objective uses the perpendicular distance from neckline to head, and stop loss is set by removing the head or failing safe trendlines.\"}]","PRICE PATTERN IDENTIFICATION - trading plan and key chart patterns | PDF",1791910646,20]