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: Learn Stock Charts
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...
Trend Lines
TREND LINES a bounding line for the movement of a security Definitions: 1) When you can draw a diagonal line between two or more price pivot points, you can then form a trend line....
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...
Bullish White Opening Marubozu
BULLISH WHITE OPENING MARUBOZU (BWOM) A white that has a upper shadow but has no lower shadow. Characteristics: 1. A BWOM does not have a lower shadow but it has an upper shadow; 2....
Bullish White Closing Marubozu
BULLISH WHITE CLOSING MARUBOZU (BWCM) a white body that has a lower shadow but no upper shadow Characteristics: 1. A BWCM has a lower shadow but it has no upper shadow; 2. When the...
Bullish White Marubozu
BULLISH WHITE MARUBOZU (BWM) A white body that has no lower or upper shadow Characteristics: 1. It does not have a lower or upper shadow; 2. When the day opens, it goes up all...
Bullish Long White Candlestick
BULLISH LONG WHITE CANDLESTICK (BLWC) A white body with upper and lower shadows Characteristics: 1. The body of the BLWC is relatively long relative to other candlesticks; and 2. The sizes of the upper...
Bullish Three Line Strike Pattern
BULLISH THREE LINE STRIKE PATTERN (BTLSP) Three whites and a black Characteristics: 1. Market is on an uptrend; 2. There are 3 consecutive long white sticks with consecutive higher closes; and 3. On Day...
Bullish Separating Lines Pattern
BULLISH SEPARATING LINES PATTERN (BSLP) A black stick followed by a White Marubozu Characteristics: 1. Market is on an uptrend; 2. Day 1 has a long black candlestick; 3. Day 2 has the same...
Bullish Upside Tasuki Gap Pattern
BULLISH UPSIDE TASUKI GAP PATTERN (BUTGP) Day 2’s gap is not fully closed Characteristics: 1. Market is on an uptrend; 2. There are two long white sticks with a gap between them; 3. Day...
Bullish Upside Gap Three Methods Pattern
BULLISH UPSIDE GAP THREE METHODS PATTERN (BUGTMP) Gap closes on the third day Characteristics: 1. Market is on an uptrend; 2. On the first two days, we see two long white sticks with a...