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What is the Falling Wedge pattern? Falling wedge has distinctives characteristics The falling wedge chart pattern is a recognizable price move. It is created when a market consolidates between two converging support and resistance lines. To create a falling wedge, the support and resistance lines have to both point in a downwards direction. The resistance line…

What is the Inverse Head and Shoulders pattern? An inverse head and shoulders (iH&S), also called upside-down head and shoulder pattern or head and shoulders bottom, is similar to the head and shoulders pattern, but inverted. The head and shoulders top used to predict downtrend reversals. This pattern is a trend reversal chart pattern. IH&S confirms when the…

What is the Head and Shoulders pattern? The head and shoulders pattern is a chart figure that has a reversal character. As you can imagine, the name of the pattern comes from the visual characteristic of the pattern. It appears in the form of two shoulders and a head in between. The pattern begins with…

What is the Pennant pattern? Some traders use the pennant pattern as an entry pattern for continuing a current trend. It usually forms after a sharp price movement that can contain gaps (referred to as the mast or pole of the pennant). The pennant represents a time of indecision in the middle of the complete move, consolidating…

What is the Falling Wedge pattern? Falling wedge has distinctives characteristics The falling wedge chart pattern is a recognizable price move. It is created when a market consolidates between two converging support and resistance lines. To create a falling wedge, the support and resistance lines have to both point in a downwards direction. The resistance line…

What is the Inverse Head and Shoulders pattern? An inverse head and shoulders (iH&S), also called upside-down head and shoulder pattern or head and shoulders bottom, is similar to the head and shoulders pattern, but inverted. The head and shoulders top used to predict downtrend reversals. This pattern is a trend reversal chart pattern. IH&S confirms when the…

What is the Cup and Handle pattern? The Cup and Handle is a bullish continuation pattern The Cup with Handle is a bullish continuation pattern. William O’Neil created this pattern and introduced it in his book, How to Make Money in Stocks, in 1988. This pattern consists of two parts, the cup and the handle.…

What is a Rising Wedge? Rising wedge is a popular reversal pattern that can easily be predicted in nature. It offers clues to traders on the direction and distance of the next price move. They commonly appear in financial markets. Traders like the pattern as a result of its simplicity in identification and application. This bearish…

What is the Ascending Triangle classical pattern? This pattern is a continuation pattern Often referred to as the ‘rising triangle’, the ascending triangle pattern is one of the top continuation classic patterns. It then appears in the middle of a trend. They are usually called continuation patterns because the price will breakout in the same direction…

What is the Double Top pattern? A double top is a very bearish technical reversal pattern. It forms after an asset gets to a high price two consecutive times with a moderate decline between the two highs, just as its name indicates. It is confirmed once the price of the asset falls below a specific support…