Kase on Technical Analysis Workbook, + Video Course

CHAPTER 5 Chart Patterns

Really looking at charts without any indicators or other markings is a key step in getting a feel for market direction, and for whether a market is trending or choppy. Geometric patterns, covered in Section 5, are larger-scale patterns in that they may comprise a large number of bars. In Section 5, patterns are classified as reversal, continuation, or breakout.

QUESTION 5.1   GBPUSD Daily (1)

1. What is the major pattern?
2. Is it a reversal, continuation, or breakout pattern?
3. Draw in the pattern.
4. Is it a textbook example?
5. Does the pattern have a target? If so, draw it in and specify if target was met.
6. Is there another pattern worth noting on the chart?
7. Is it a reversal or continuation pattern?
8. Draw in the pattern.

QUESTION 5.2   ATI Daily

1. What is the major pattern?
2. Is it a reversal, continuation, or breakout pattern?
3. Draw in the pattern, and name one of the lines you draw.
4. Does the pattern have a target? If so, draw it in, and specify if target was met.

QUESTION 5.3   EUR Daily

1. Find a large pattern on this chart. Did it start off as one sort of pattern and change into another? If so, discuss.
2. Find a medium-sized pattern on this chart. Name it. ...