#Chart patterns are stable, repeating patterns of candles on a chart. Unlike candlestick patterns, chart patterns consist of a large number of candles (usually 10 or more) and visually resemble geometric shapes.
In chart analysis, patterns are divided into continuation patterns and reversal patterns. They allow you to more confidently predict the continuation of the current trend. Candlestick patterns are composed of two or three candles. Chart patterns are formed over a longer period of time, which allows you to better understand the market context and identify significant areas on the chart.

For example, the Ascending Triangle chart pattern. This is a continuation pattern. It indicates that after a strong upward movement, the market has stabilized in a favorable trend. Within it, the price has touched the resistance level several times, but has not broken through it. However, at the same time, it has not gone down. This suggests that there is a new strong support at this stage. Local lows are not being updated and are rising after each price bounce from the upper level. The support level is rising. There is a "choke", i.e. an approach of the lower inclined level to the upper level. This indicates that participants do not foresee further declines and are preparing to rise. There is also a gradual narrowing of the amplitude of price swings as the channel narrows. The price resembles a fully compressed spring that is about to expand. Typically, at the moment when the two levels touch (or just before), the price gives a strong upward impulse.
Although patterns appear frequently on the chart, they cannot guarantee a sure outcome. Nevertheless, it is a popular and relatively simple tool for finding entry and exit points.

Technical Analysis: Charts and Volumetric Technical Analysis

Volumetric analysis examines how much of a financial instrument has been traded over a specific period of time. Just like the price on the chart, trading volumes have a particular dynamic. By analyzing them, you can gain valuable insights that are not available in other types of analysis. The price chart gives us a two-dimensional picture of market movements, while volumes add a third dimension, making the picture “volumetric.”

The main premise of volumetric analysis is that key price movements are always accompanied by an increase in volumes. This is clearly visible in the screenshot above, using the “Volumes” indicator as an example. The trader’s task is to obtain information about the relative amount of traded volumes, the nature of their increase/decrease, and combine this data with the analysis of price action, chart and candlestick patterns, and so on. Based on this, it is possible to predict market movements with some confidence.
Volumetric analysis in scalping consists of three main elements: the "Volumes" indicator, cluster analysis and market profile analysis.

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