Thanks to visit codestin.com
Credit goes to www.scribd.com

Scribd
Upload
28 views1 page

Stock Chart Patterns

The document outlines key stock chart patterns used in technical analysis. It describes the Head and Shoulders, Double Top and Bottom, Cup and Handle, Flags and Pennants, and Triangles, each indicating potential trend reversals or continuations. Understanding these patterns can aid traders in making informed decisions based on price movements.

Uploaded by

Vishal Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
28 views1 page

Stock Chart Patterns

The document outlines key stock chart patterns used in technical analysis. It describes the Head and Shoulders, Double Top and Bottom, Cup and Handle, Flags and Pennants, and Triangles, each indicating potential trend reversals or continuations. Understanding these patterns can aid traders in making informed decisions based on price movements.

Uploaded by

Vishal Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 1

Understanding Stock Chart Patterns

1. Head and Shoulders

A reversal pattern that signals a trend change. It has three peaks: the middle is the highest (head), and the

two on either side are lower (shoulders).

2. Double Top and Double Bottom

Double Top: Two peaks at a similar level, signaling a bearish reversal.

Double Bottom: Two troughs at a similar level, indicating a bullish reversal.

3. Cup and Handle

A bullish continuation pattern resembling a cup with a handle. The price usually breaks out upward after the

handle forms.

4. Flags and Pennants

Short-term continuation patterns that form after strong price moves. Flags are rectangular; pennants are

small symmetrical triangles.

5. Triangles

Symmetrical: Price converges with lower highs and higher lows.

Ascending: Flat top with higher lows (bullish).

Descending: Flat bottom with lower highs (bearish).

You might also like