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Chartist charts are fundamental for those who enjoy technical analysis 📊 They reveal patterns in asset prices. Interesting, right?
Some popular chartist figures:
Shoulder-Head-Shoulder. Three peaks, the middle one is higher. It may indicate a reversal.
Double Top. Does high turn into low?
Double Bottom. A drop can turn into a rise.
Morning Star. Three candles. Low to high.
Hammer. End of the drop?
Triangles. Consolidation. Various shapes.
Flags. Quick continuation.
Rectangles. Clear support and resistance.
It seems that no pattern is a guarantee 🧐 Better to combine with other tools.
Chartism has its ideas:
Price says it all
Trends exist
History repeats itself
Mastering this? It can help with market decisions 💹 But it's not an exact science.