Chart Patterns School

Traditional Chart Patterns

There are three main categories of traditional chart patterns.

1. Continuation patterns.
2. Reversal patterns.
3. Bilateral patterns.

Continuation patterns

1. Flag Bullish
2. Pennant Bullish
3. Cup With Handle
4. Flag Bearish
5. Ascending Triangle
6. Symmetrical Triangle
7. Pennant Bearish
8. Measured Move Up
9. Ascending Scallop
10. 3 Rising Valleys
11. Descending Triangle
12. Invert Cup With Handle
13. Symmetrical Triangle
14. Measured Move Down
15. Descending Scallop
16. 3 Descending Peaks

Reversal patterns

1. Double Bottoms
2. Diamond Bottoms
3. Tops Rectangle
4. Head and Shoulders Top

Bilateral patterns

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1. Continuation Patterns – This patterns indicate that trend will continue. If market is bullish and bullish continuation pattern appear it mean bullish trend will continue. Opposite for bearish continuation patterns.
2. Reversal Patterns – If market is bullish and bearish reversal pattern appear it mean that trend will change from bullish to bearish trend. After we detect bullish reversal pattern in bearish trend, pattern indicate that trend will change from bearish into bullish trend.
3. Bilateral Patterns – No mater if market is bullish or bearish (or sideway trend). Once when bilateral pattern appear they are suggest that the price can move in either direction