Become a smarter trader by mastering chart patterns!
These patterns help you predict price movements and make better decisions.
They fall into 3 main types: Reversal, Continuation, and Bilateral.
🔄 Reversal Patterns – Trend is Changing!
These patterns signal that the current trend might flip direction.
Double Top – Bearish: Two peaks at resistance, then price drops. 🔻
Head & Shoulders – Bearish: Three peaks, break below the neckline confirms reversal. ⚠️
Rising Wedge – Bearish: Price climbs in a narrowing range, then breaks down. 📉
Double Bottom – Bullish: Two lows at support, then a breakout upward. 🔼
Inverse Head & Shoulders – Bullish: Three troughs, break above neckline confirms. 🟢
Falling Wedge – Bullish: Price squeezes down, then pops upward. 🚀
📊 Continuation Patterns – Trend Keeps Going!
These patterns show the trend is just taking a breather before continuing.
Falling Wedge – Bullish: Downward consolidation, then breakout up. 📈
Bullish Rectangle – Sideways move, followed by an upward breakout. ➡️🔼
Bullish Pennant – Small triangle after an uptrend, then continues rising. ⏫
Rising Wedge – Bearish: Upward consolidation, then drops lower. ⬇️
Bearish Rectangle – Range-bound sideways move, then breakdown. ➡️🔻
Bearish Pennant – Triangle after a downtrend, then continues falling. ⏬
🔀 Bilateral Patterns – Breakout Can Go Either Way!
These patterns show market indecision. Wait for a confirmed breakout!
Ascending Triangle – Flat top with rising lows. Can break up or down. 🔺
Descending Triangle – Flat bottom with falling highs. Watch both sides. 🔻
Symmetrical Triangle – Converging lines with potential in both directions. ❓
✅ Pro Tips for Traders:
Reversal Patterns = Trend is about to change
Continuation Patterns = Trend is likely to continue
Bilateral Patterns = Confirm breakout before jumping in!