Chart Patterns
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Description: The Ascending Broadening Formation is a bearish reversal chart pattern characterized by two diverging trend lines, where the lower trend line slopes upward more steeply than the upper trend line. This pattern is formed by increasing price swings and volatility, indicating growing un...
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Description: The Ascending Channel is a bullish chart pattern characterized by two parallel trend lines that frame an uptrend: the lower line connects the higher lows, and the upper line connects the higher highs. This pattern illustrates a steady increase in price within a defined upward slope,...
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Description: Asymmetrical Broadening is a chart pattern characterized by two diverging trend lines, with one trend line moving upward and the other moving downward, creating a shape that broadens over time. This pattern typically signifies increasing market volatility and uncertainty as the pric...
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Description: The Descending Broadening Formation is a bullish reversal chart pattern characterized by two diverging trend lines, with the upper trend line sloping downward more steeply than the lower trend line. This pattern unfolds through a series of lower highs and lower lows, indicating incr...
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Description: A Descending Channel is a bearish chart pattern formed by two parallel, downward-sloping trend lines that encapsulate a series of lower highs and lower lows. This pattern indicates that sellers are dominating the market momentum, pushing prices down consistently, but with buyers cau...
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Description: The Double Bottom is a bullish reversal chart pattern characterized by two consecutive troughs that are roughly equal in depth, separated by a moderate peak. This pattern resembles the shape of the letter "W". The first trough marks the initial low point of a trend, followed by a re...
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Description: The Double Top is a bearish reversal chart pattern characterized by two consecutive peaks that are roughly equal in height, separated by a trough. This pattern mirrors the shape of the letter "M". The first peak forms during an uptrend, indicating a resistance level that the price f...
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Description: The Head and Shoulders pattern is a highly regarded bearish reversal configuration that emerges at the end of an uptrend. It is distinguished by three peaks: the left shoulder and the right shoulder are at approximately the same height, and the head is the highest point. Between the...
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Description: The Horizontal Channel, often referred to as a ranging or sideways market, is a chart pattern characterized by two parallel horizontal lines that connect the series of highs and lows within a specific price range. This pattern indicates that neither buyers nor sellers are able to ga...
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Description: The Inverse Head and Shoulders pattern is a bullish reversal configuration observed at the end of downtrends. It consists of three troughs: the central trough (head) is the deepest, flanked by two shallow troughs (shoulders). The reversal is confirmed when the price breaks above the...
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Right-Angled and Ascending Broadening
Description: The Broadening, Right-Angled and Ascending pattern is a unique chart formation that serves as a bearish reversal indicator. This pattern is characterized by a horizontal resistance line at the top and an ascending support line that diverges from the resistance, creating a right-angl... -
Right-Angled and Descending Broadening
Description: The Broadening, Right-Angled and Descending pattern is a bullish reversal chart formation, contrasting with its ascending counterpart. This pattern features a horizontal support line and a descending resistance line, creating a right-angled shape that broadens over time. The configu... -
Description: The Broadening, Symmetrical pattern is a chart formation that signifies increasing volatility and market indecision, characterized by two diverging trend lines that form a reverse triangle or megaphone shape. Unlike the asymmetrical and right-angled broadening patterns, both trend l...
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Description: The Ascending Triangle is a bullish continuation chart pattern characterized by a horizontal upper trend line that acts as resistance and an ascending lower trend line that acts as support. This pattern forms due to the price making higher lows while hitting a consistent resistance ...
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Description: The descending triangle pattern is a bearish continuation formation observed within a downtrend, indicating a potential resumption of downward momentum following a period of consolidation. This pattern is characterized by a series of lower highs forming a descending trendline and re...
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Description: A symmetrical triangle emerges when converging trendlines, characterized by roughly equal slopes, encapsulate price action. This formation signifies a period of equilibrium between buyers and sellers, typically marked by decreasing volatility and trading volume. As the price nears t...
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Description: The wedge pattern, a technical indicator observed in financial markets, represents a period of tightening price ranges, characterized by converging trend lines forming a triangular shape. This pattern often signifies a potential reversal or continuation of the prevailing trend, depe...
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Description: The wedge pattern depicts a narrowing range between highs and lows on a price chart. As this pattern evolves, it forms converging trend lines, indicating a potential breakout or breakdown. A falling wedge occurs when both trend lines slope downward, suggesting a gradual decrease in ...