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RECTANGLE PATTERN

RECTANGLE PATTERN

If two horizontal lines surround a retracement, it is a Rectangle chart pattern. Both the bullish and bearish Rectangle patterns looks the same. However, they appear in different trend context. A Rectangle chart pattern indicates sideways action. When the market...
DOUBLE TOP / DOUBLE BOTTOM

DOUBLE TOP / DOUBLE BOTTOM

DOUBLE TOP / BOTTOM PATTERN The flag stock chart pattern forms through a rectangle. The rectangle develops from two trendlines which form the support and resistance until the price breaks out. The flag will have sloping trendlines, and the slope should move in the...
Flag Continuation Pattern

Flag Continuation Pattern

The flag stock chart pattern forms through a rectangle. The rectangle develops from two trend lines which form the support and resistance until the price breaks out. The flag will have sloping trendlines, and the slope should move in the opposite direction to the...
Rounding Bottom Patterm

Rounding Bottom Patterm

This pattern is sometimes also called a “saucer bottom” and demonstrates a long-term reversal showing that the stock is moving from a downward trend towards an upward trend instead. It can last any time from several months to years. It is very similar to the cup and...
Wedge Chart Pattern

Wedge Chart Pattern

THE RISING WEDGE PATTERN For a Wedge pattern pullback, the two lines converge. A bullish Wedge chart pattern takes place in an upwards trend, and the lines slope down. It is also known as a Falling Wedge. A bearish Wedge chart pattern is found in a downwards trend,...
HEAD & SHOULDERS PATTERN

HEAD & SHOULDERS PATTERN

The bullish pattern has three swing lows. The middle swing low is the lowest. The line connecting the two swing highs is the neckline. The bearish pattern has three swing highs. The middle swing high is the highest. The line connecting the two swing lows is the...