Complete Chart Pattern

Best Chart Patterns

Head and Shoulders:
– Type: Reversal
– Signal: Indicates a change from bullish to bearish trend. The pattern consists of three peaks, with the middle peak (head) being the highest and the two side peaks (shoulders) being lower and approximately equal.

Double Top and Double Bottom:
– Type: Reversal
– Double Top: Signals a bearish reversal after two similar peaks.
– Double Bottom: Signals a bullish reversal after two similar troughs.

Cup and Handle:
– Type: Continuation
– Signal: Indicates a bullish continuation. The pattern has a rounded bottom (cup), followed by a smaller consolidation (handle). A breakout above the handle’s resistance suggests a continuation of the uptrend.

Ascending and Descending Triangles:
– Ascending Triangle:
– Type: Continuation
– Signal: Bullish pattern with a flat upper trendline and a rising lower trendline. A breakout above the resistance suggests an uptrend continuation.
– Descending Triangle:
– Type: Continuation
– Signal: Bearish pattern with a flat lower trendline and a descending upper trendline. A breakout below the support suggests a continuation of the downtrend.

Symmetrical Triangle:
– Type: Continuation
– Signal: Can indicate either bullish or bearish continuation. The pattern features converging trendlines that form a triangle. A breakout in the direction of the existing trend indicates continuation.