Summary Of Chart pattern

Notes To Remember:

Important features of the former chart pattern have been collected in the following table. Take it as a cheat sheet!

Pattern	Appearance	Trendline	Category
Ascending Triangle	Right-angle Triangle	Resistance level and Bullish trendline, Convergent	Continuation
Descending Triangle	Right-angle Triangle	Support level and Bearish trendline, Convergent	Continuation
Symmetric Triangle	Scalene Triangle	Bearish & Bullish trendline, Convergent	Continuation
Broadening Pattern	Scalene Triangle	Bearish & Bullish trendline, Divergent	Continuation
Rising Wedge Pattern	Incomplete Scalene Triangle	Upper and Lower Bullish Trendlines	Reversal
Falling Wedge Pattern	Incomplete Scalene Triangle	Upper and Lower Bearish Trendlines	Reversal
Rising Flag Pattern	A Short-term Bullish Channel	Upper and Lower Bullish Trendlines	Continuation
Falling Flag Pattern	A Short-term Bearish Channel	Upper and Lower Bearish Trendlines	Continuation
Double Top Pattern	A Twin Inverted V Shape	Resistance Level	Reversal
Double Bottom Pattern	A Twin V Shape	Support Level	Reversal
Triple Top Pattern	A Three Inverted V Shape	Resistance Level	Reversal
Triple Bottom Pattern	Three V Shape	Support Level	Reversal
Cup with a Handle Pattern	U shape as a cup and slight downward drift as a handle	Resistance Level	Reversal
Inverted Cup with a Handle Pattern	Inverted U shape as cup and slight upward drift as handle	Support Level	Reversal
Head and Shoulder Pattern	One Higher High in the Middle of two Lower Highs	Support Level	Reversal
An Inverted Head and Shoulder Pattern	One Lower Low in the Middle of two Higher Lows	Resistance Level	Reversal

Frequently Asked Questions

Getting familiar with chat patterns total shape and drawing trendlines to prove it. Sometimes, it looks like a pattern but it doesn't have pattern features and traders wouldn't realize it until drawing the trendline and check the behavior.

Triangle family patterns are famous as they have been seen in many times frames. Learning ascending, descending and symmetric triangle may useful for new traders rather than others.

For better prediction, finding chart patterns is the easiest way. Features like price target, failure possible direction, and category of pattern give a simple vision of the future. When a trader faces a symmetric triangle at the bullish, he expects an uptrend to continue exiting the pattern as long as the height of the triangle, because it is a continuous pattern with this potential zone for rising.

Every patterns are a member of these two groups: Reversal & Continuous. The trend of market, before and after the pattern makes them separate.

1. Double Top / Bottom 2. Triple Top / Bottom 3. Wedge Pattern 4. Cup with a Handle 5. Head and Shoulders

1. Ascending Triangle 2. Descending Triangle 3. Symmetric Triangle 4. Broadening Patterns 5. Flag Patterns