Flag and Pennant Pattern
FLAG AND PENNANT PATTERN just a breather Characteristics: 1. There is a clear direction of the price trend; 2. This is followed by a consolidation and range bound movement; and 3. Next is the...
Category: Chart Patterns
Wedge Pattern
WEDGE PATTERN a temporary stop of the primary trend Characteristics: 1. It is a contracting range in prices; 2. This is coupled with an upward trend in prices (the rising wedge) or 3. It...
Triple Top Pattern
TRIPLE TOP PATTERN a good time to sell Characteristics: 1. Volume is usually low during the second rally up and lesser during the formation of the third top; 2. The peaks may not be...
Double Top Pattern
DOUBLE TOP PATTERN buyers and sellers taking turns Characteristics: 1. A financial instrument runs up to a particular level; 2. It then drops back from that level; then 3. Makes a second run at...
Cup and Handle Pattern
CUP AND HANDLE PATTERN (CAHP) a cup preceding its handle Characteristics: 1. A cup and handle formation should follow a trend increase, ideally one that is a few months old; 2. The cup must...
Head and Shoulders Pattern
HEAD AND SHOULDERS PATTERN (HASP) a head and two shoulders Characteristics: The HASP has a structure that is visually similar to that of a head with two shoulders. It has four elements: 1. A...