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Chart Patterns Guide

The document outlines common chart patterns in trading, including Head and Shoulders, Inverse Head and Shoulders, Double Top, and Double Bottom, which indicate trend reversals. It also describes continuation patterns such as Cup and Handle, Triangles, Flag and Pennant, and Wedge patterns. Additionally, it mentions the Rectangle pattern as a consolidation pattern between support and resistance levels.

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PAWAN KUMAR
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29 views1 page

Chart Patterns Guide

The document outlines common chart patterns in trading, including Head and Shoulders, Inverse Head and Shoulders, Double Top, and Double Bottom, which indicate trend reversals. It also describes continuation patterns such as Cup and Handle, Triangles, Flag and Pennant, and Wedge patterns. Additionally, it mentions the Rectangle pattern as a consolidation pattern between support and resistance levels.

Uploaded by

PAWAN KUMAR
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
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Common Chart Patterns in Trading

Head and Shoulders


Reversal pattern that signals a change in trend direction. Consists of a peak (shoulder), a higher

peak (head), and another lower peak (shoulder).

Inverse Head and Shoulders


Opposite of Head and Shoulders. Indicates reversal from a downtrend to an uptrend.

Double Top
Bearish reversal pattern formed after two peaks at approximately the same level.

Double Bottom
Bullish reversal pattern formed after two troughs at approximately the same level.

Cup and Handle


Bullish continuation pattern resembling a cup with a handle.

Triangle (Ascending, Descending, Symmetrical)


Continuation patterns showing consolidation before a breakout.

Flag and Pennant


Short-term continuation patterns indicating a brief consolidation before the trend resumes.

Wedge (Rising and Falling)


Reversal patterns formed by converging trend lines.

Rectangle
Consolidation pattern where price moves between parallel support and resistance levels.

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