🧵Chart Patterns Cheat Sheet🧵
The 13 Most Important Ones to Watch For 👇
$SPY $QQQ
For a downward wedge it is thought that the price will break through the resistance and for an upward wedge, the price is expected to break through the support. This means the wedge is a reversal pattern as the breakout is opposite to the trend.
There are other chart patterns, but these are the most common!
Once you finish the thread take that knowledge you learned and put it to good use on the best charting platform out there! 👇👇
@TrendSpider