So today in this video, you are going to learn about important chart patterns which will help you a lot in real life trading So Riyaz, let’s start with today’s video Alright friends, so till now we have learned about candlestick patterns and support resistance You can predict the market but learning chart patterns is important because chart patterns are a combination of those candles You can go wrong in the decision many times from a single candle So chart patterns will help you a lot What are we going to learn from chart patterns? Today we will mainly learn chart patterns which are used very much in the market which will give you a good direction and good long profits we will learn more about those chart patterns the first pattern will be pole and flag pattern second we will learn triangle pattern both of these are used very much in the market your decision will be less wrong in these third we will learn trap trading trap trading may be the most important topic right now chart patterns may not be helpful for you but trap patterns will be helpful for you so watch this video till the end trap trading has increased a lot in recent years 2023 as soon as you feel that the market is going to break then you will get trapped so it is very important to learn this thing we will first understand pole and flag what is pole and flag and then we will move forward pole and flag is simple let’s go by the name pole and flag means there is a big trend in the market after that the market gets trapped in the flag pattern it can be from the upward side as well as from the downward side for example if we see here then this is also pole and flag pattern it is formed on the upward side the same thing can be formed on the upward side also there is no such thing on the downward side that it will be trapped on the upward side Now the problem is how big can this flag be many times it happens that this market comes up the flag is just two candles and the market breaks from here this is also a pole and flag so you have to guess the market the market took a pause and continued this is also a pole and flag the target of the pole and flag pattern the pattern is basically the shape of the pole like the market has taken a pick up from any place and then paused the next pick up of the C line is equal to A it will be a little less but will be almost equal like if you move 1000 points in A then you have a break of 300 points so you can assume that the next 800 points will also come so let me show you an example this is the most recent example this is one day time frame of bank nifty after this break, the market has made a pole of 1600 points next example here it broke down and what is the move after this here it is a move of 1300 points the next one means the C version so whenever you trade on breakout and you think that I If I will keep a target of 1600 points then the chances of it being hit are less because in ABC C is a little less than A now we cannot interpret Zara here that Zara is 1% or 1.5% but a little more like you have got 1300 points in 1600 so you have collected almost 80% of 1300 points in 1600 so this target pattern is formed we call this pattern continuation pattern because suppose you took a breakout trade after a certain time then you closed the breakout you cancelled the trade now how will you get the next trade you will get it after the pause because you have exited from here now how to take the next trade when the pattern is formed it will be taken on the breakout. Now you have a lot of difficulty in deciding its target because the problem is that our previous target was 1600 points we earned 1600. What is the next target here? When you take a trade then you have to keep the next target a little below the size of that pole. You took 1600 points in the poll, you can take the next one after the flag, then you can get 1300-1400 points. We got about 1300 points here, you can easily close this trade here, it is simple. In the next class we will understand the price action pattern, in that we will see how these trades are closed. Entry is easy, exit is the most dangerous. We are learning entry in chart pattern. We will learn to exit in price action. So now we have told you an important thing. In the entry that is being told here, you are taking entry according to the chart pattern but will exit after seeing the price action. So the upcoming videos are also very important for you. So if you have not yet subscribed to this channel and have not yet clicked on the bell icon, then click on the bell icon.