[vc_row][vc_column][vc_column_text]In this article, you will find a summary of the most well-known chartist configurations, their meanings and especially their probabilities.
First of all, let me remind you what chartismor pattern analysis is.
It is a decision-making system based on the search for graphic patterns. More or less geometric, these figures occur on a recurrent basis on the markets and make it possible to a certain extent to anticipate future movements of an asset. The latter may either go up or down. In the first case we will speak of a “bullish” configuration and in the second case of a “bearish” configuration.
For the anecdote, “bullish” refers to a bull, the latter attacks its enemies from bottom to top with its horns, hence the bullish trend. “Bearish” refers to a bear that defends itself from top to bottom against its attackers, hence the bearish trend.
In the summary table, you will find percentages associated with each figure. Remember that we are thinking in a probabilistic way. Therefore, do not think that all the configurations and probabilities presented in this table will allow you to succeed 100% of your trades. If that were the case, I wouldn’t be here writing this article.
“A recurrent behaviour is not, in any case, constant.”
Here is the summary table:
Note that if you do not know all the configurations, you can search for them online. Feel free to practice on graphs to identify them.
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