Classical Chart Patterns
Master the structure, identification, and breakout rules of classical reversal and continuation patterns.
Collection Catalog
Double Bottom
A double bottom is a bullish reversal pattern where price twice fails to break below the same support level, forming a 'W', and confirms only when it closes above the peak between the two lows.
Double Top
A double top is a bearish reversal pattern where price twice fails to break above the same resistance level, forming an 'M', and confirms only when it breaks below the neckline support.
Head & Shoulders
A head & shoulders is a bearish reversal pattern featuring three peaks, with the middle peak (head) being the highest, and confirms on a breakdown below the neckline connecting the lows.
Inverse Head & Shoulders
An inverse head & shoulders is a bullish reversal pattern with three troughs, where the middle trough is the deepest, and confirms on a close above the neckline resistance.
Bull Flag
A bull flag is a bullish continuation pattern characterized by a sharp price spike (flagpole) followed by a minor downward-sloping channel (flag), confirming on an upward breakout.
Bear Flag
A bear flag is a bearish continuation pattern consisting of a sharp price drop (flagpole) followed by a minor upward-sloping channel (flag), confirming on a downward breakdown.
Cup & Handle
A cup & handle is a bullish continuation pattern featuring a rounded bowl-shaped recovery (cup) followed by a brief downward consolidation (handle) before breaking out.
Ascending Triangle
An ascending triangle is a bullish continuation pattern formed by a horizontal line of resistance and an ascending line of support, confirming on an upward breakout.
Descending Triangle
A descending triangle is a bearish continuation pattern formed by a horizontal line of support and a descending line of resistance, confirming on a downward breakdown.
Wedge
A wedge is a chart pattern formed by two converging trendlines that slope in the same direction, acting as a reversal or continuation signal depending on the slope.