Padrões Gráficos
Padrões Gráficos
Forex traders look for specific chart patterns or formations that may indicate a trend continuation or reversal. These formations often repeat themselves, and it is good to pay attention to them on the charts. They work across different timeframes, so it is vital to realise that it does not matter which timeframe the chart pattern is observed.
There are two (2) types of patterns:
1. Reversal Patterns
This type of pattern signals that the current trend may soon change direction.
a. Cabeça e Ombros
Description: This pattern indicates a reversal from an uptrend to a downtrend. The pattern consists of three peaks:
- Left shoulder: The first peak, followed by a decline.
- Cabeça: The highest peak, which is higher than the left and right shoulder.
- Right shoulder: The last peak, which should be approximately at the same level as the left shoulder.
- Confirmação: The confirmation of this pattern comes after breaking the "neckline" that connects the lows between the head and shoulders.
b. Cabeça e ombros invertidos
This is a reversal pattern that is a mirror image of the regular head and shoulders. It signals a reversal from a downtrend to an uptrend.
- Confirmação: Pattern is confirmed when the price breaks the "neckline" connecting the lows between the shoulders.
c. Topo duplo
This pattern signals a reversal from an uptrend to a downtrend. It consists of two peaks that are very similar and separated by a decline.
- Confirmação: This pattern is validated when the price breaks the low between the two peaks.
d. Fundo duplo
Description: This pattern signals a reversal from a downtrend to an uptrend. Like the double top, it consists of two lows that are very close to each other.
- Confirmação: Pattern is fully identified when the price breaks the resistance above the lows.
e. tampo triplo
Description: The triple top is similar to the double top but consists of three peaks at roughly the same level. It signals a reversal from an uptrend to a downtrend.
- Confirmação: Pattern is recognised once the price breaks the support below the three peaks.
f. Fundo triplo
It signals a reversal from a downtrend to an uptrend. It has three lows at approximately the same level.
- Confirmação: Pattern becomes apparent when the price breaks the resistance above the three lows.
2. Padrões de continuação
These patterns indicate that, after forming, the trend will continue in the same direction as before the formation.
a. Triângulo simétrico
It forms when the price makes higher lows and lower highs, causing the price to "compress."
It indicates that the market is in a consolidation phase and may break out in the direction of the previous trend.
- Confirmação: This pattern becomes evident when the price breaks one of the trendlines and continues in the breakout direction.
b. Triângulo ascendente
This one forms when the price makes higher lows while resistance remains at the same level. It indicates a continuation of the uptrend as the price "pushes upward."
- Confirmação: It is confirmed when the price breaks above the resistance.
c. Triângulo descendente
Forms when the price makes lower highs while support remains at the same level. It indicates a continuation of the downtrend.
- Confirmação: Pattern is recognised when the price breaks below the support.
d. Bandeira
The flag is a short-term pattern that forms after a strong price movement. It appears as a small, parallel price channel that slopes against the main trend. After its completion, the price typically returns to the original trend.
- Confirmação: Confirmation occurs when the price breaks the upper or lower boundary of the flag.
e. Canal
It forms when the price rises or falls within a defined range between two parallel lines (upper and lower). If the price maintains this movement, the trend is expected to continue.
- Confirmação: Pattern becomes clear when the price breaks out of the channel boundaries.
3. Support and resistance levels
- Support (Support level): A price level where a decline is expected to stop because demand for the currency pair will be strong.
- Resistance (Resistance level): A price level where an upward move is speculated to stop because selling pressure will be strong.
In forex, it also holds true that when resistance or support is broken, it immediately changes its role. For instance, when resistance is broken, the price tends to return to that level and "test" it as new support. The same principle applies in the opposite direction.
