Profiting with Chart Patterns book

Chapter 3
Definitions, Structures, & Examples
Pattern Classifications....................................................................................................3-1
Pattern Structures ...........................................................................................................3-2
Support & Resistance.....................................................................................................3-3
Support & Resistance Structures .....................................................................3-4
Support & Resistance: Bank of America.........................................................3-4
Support & Resistance: Delta Airlines..............................................................3-6
Trend Line Break & Reversal ........................................................................................3-7
Trend Line Structures ......................................................................................3-8
Trend Line Break: Nordstrom .........................................................................3-9
Trend Line Break: Realty Income ...................................................................3-10
Trend Line Break: Goldman Sachs Group ......................................................3-11
Trend Line Break: 3M. ....................................................................................3-12
Saucer Patterns...............................................................................................................3-13
Saucer Pattern Structures.................................................................................3-14
Saucer Pattern: Parker Hannifin ......................................................................3-15
Saucer Pattern: Newfield Exploration .............................................................3-16
Fibonacci Retracements .................................................................................................3-17
Fibonacci Retracement Structures...................................................................3-18
38% Retracement: Mosaic...............................................................................3-19
50% Retracement: Waste Management...........................................................3-20

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Contents
Profiting with Chart Patterns
iv
nirvanasystems.com
Price Gaps...................................................................................................................... 3-20
Price Gap Structures: Breakaway, Measured, & Exhaustion.......................... 3-20
Breakaway Gaps: Anthem Inc. ....................................................................... 3-22
Breakaway Gap: Teradata............................................................................... 3-23
Volume Climax & Trend............................................................................................... 3-24
Volume Climax & Trend Structures ............................................................... 3-26
Volume Trend: ST Jude Medical .................................................................... 3-27
Volume Climax: Facebook ............................................................................. 3-28
Volume Climax: Proctor & Gamble ............................................................... 3-29
Consolidations ............................................................................................................... 3-30
Consolidation Structure................................................................................... 3-31
Consolidation: Metlife .................................................................................... 3-32
Consolidation: Sherwin-Williams................................................................... 3-33
Consolidation: Western Union........................................................................ 3-34
Consolidation: Charles Schwab ...................................................................... 3-35
Profit-Taking Rule......................................................................................................... 3-36
Summary: Profiting with Chart Patterns ....................................................................... 3-37