Chart patterns are formations created by price movements on a chart, helping traders predict future price movements. Here are some common ones:
Reversal Patterns- Head and Shoulders: Indicates a reversal from bullish to bearish.
- Inverse Head and Shoulders: Indicates a reversal from bearish to bullish.
- Double Top: Bearish reversal pattern.
- Double Bottom: Bullish reversal pattern.
Continuation Patterns- Triangle: Can be bullish or bearish, indicates continuation.
- Pennant: Indicates continuation of trend.
- Flag: Indicates continuation of trend.
Other Patterns- Cup and Handle: Bullish pattern indicating continuation.
- Wedge: Can indicate reversal or continuation.
Reversal Patterns- Head and Shoulders: Indicates a reversal from bullish to bearish.
- Inverse Head and Shoulders: Indicates a reversal from bearish to bullish.
- Double Top: Bearish reversal pattern.
- Double Bottom: Bullish reversal pattern.
Continuation Patterns- Triangle: Can be bullish or bearish, indicates continuation.
- Pennant: Indicates continuation of trend.
- Flag: Indicates continuation of trend.
Other Patterns- Cup and Handle: Bullish pattern indicating continuation.
- Wedge: Can indicate reversal or continuation.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.