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Trading Chart Patterns English

The document outlines various trading chart patterns used in technical analysis, including Head and Shoulders, Inverse Head and Shoulders, Double Bottom, and Double Top, each indicating potential price movements. Patterns like Cup and Handle, Flag, and Pennant suggest bullish or continuation trends, while Ascending and Descending Triangles indicate potential breakouts. The Falling and Rising Wedges, along with the Rectangle pattern, describe narrowing price movements and neutral ranges, respectively.

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16 views2 pages

Trading Chart Patterns English

The document outlines various trading chart patterns used in technical analysis, including Head and Shoulders, Inverse Head and Shoulders, Double Bottom, and Double Top, each indicating potential price movements. Patterns like Cup and Handle, Flag, and Pennant suggest bullish or continuation trends, while Ascending and Descending Triangles indicate potential breakouts. The Falling and Rising Wedges, along with the Rectangle pattern, describe narrowing price movements and neutral ranges, respectively.

Uploaded by

devsamad28
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Trading Chart Patterns (English Explanation)

Head and Shoulders (Bearish)

A tall head and two small shoulders - indicates price fall.

Inverse Head and Shoulders (Bullish)

Upside-down head and shoulders - signals price rise.

Double Bottom (Bullish)

W shape - price is likely to go up.

Double Top (Bearish)

M shape - price is likely to fall.

Cup and Handle (Bullish)

Cup-like curve with handle - sharp upward move expected.

Flag (Continuation)

Sharp move followed by small range - continues in same direction.

Pennant (Continuation)

Small triangle-like shape - breakout happens soon.

Symmetrical Triangle (Breakout-Based)

Breakout can happen on either side.

Ascending Triangle (Bullish)

Flat resistance with rising lows - likely to break upward.

Descending Triangle (Bearish)

Flat support with falling highs - likely to break downward.

Falling Wedge (Bullish)

Price narrows downward - then breaks up.


Rising Wedge (Bearish)

Price narrows upward - then breaks down.

Rectangle (Neutral)

Price moves in range - breakout direction decides move.

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