Bar chart patterns?

Can anyone give a guide of bar chart patterns? Like double top etc, and more? thanks

The James16 Chart thread is great for learning a lot of the basics of price action bar formations. I think investopedia has a good article on some of the more long term ones as well such as head and shoulders, doublt/triple taps, triangles, ect.

You can try here:

http://stockcharts.com/school/doku.php?id=chart_school

and another http://www.stock-charts-made-easy.com/bar-charts.html

I would advise reading the two book on the link TA explained by martin pring and TA of the financial market by john J murphy both are very good books.

Cheers

Kiwi

Well maybe we can create an interesting thread here. Let's see what happens. Look forward to making a few posts that someone might find useful along with some daily trade positions. First though I would like to share a little story.

Quite awhile back I signed up to participate in Larry William's live trading room. This wasn't long after he created the Williams %R indicator and won the Commodities trading championship.

Everyday he would first send us his assement of the markets, tell us how to use his indicator and recommend some positions to take in the morning. Invariably however within a couple of hours after the market opened we would get a call or a notice to - "Exit the initial position and take an opposite position immediately because I recognize this pattern!".

In my other experiences with "seasoned" traders it seems as though any indicators used by them are only used for general references - in the end they will always regress to "patterns" they recognize from years of trading. There can by 100's of these patterns of course which - like most trading - are meaningful to each individual trader.

The patterns we are talking about relate to various bar formations. These formations include bar structures with up tails and down tails, number of bars in a move, relative bar sizes and the like. And they not only include current bars but previous bar structures as well. Along with this I think the support and resistance levels are also a fact of life. Which means - what are the bar patterns in relation to support and resistance.

I also think it can be important to recognize how some of these patterns are created relative to the chart timeframe, market momentum and the like.

More next time - good trading

Hmm ....James 16 is good...but disappointing to learn you have to pay for the material half way through......but still good info

heres a load

If you think education is expensive..... try ignorance

This is a good sorce. A lot of useful information!

One more link.
http://marketrealist.com/2014/12/candlestick-patterns/

there is no difference between bars or candles, they both have open high low close,
all the candles do is creating a color filled body between the open and close.

I am sorry. I was inattentive.

https://www.incrediblecharts.com/topic/Chart_Patterns

Very good thread. Thanks to the creator and to all who responded!

Chart and Candle Patterns - Bulkowski (free access)
https://www.forexfactory.com/thread/...3#post14767513

So here's the thing, bar chart displays the price action during specific time. It has 4 points -high, low, opening price, and closing price. Vertical line's upper threshold = high, vertical line's lower threshold = low, Left horizontal line = opening price, and right horizontal line = closing price.