Bullish Patterns
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Double Bottom
A reversal pattern with two lows at approximately the same price level, indicating a potential trend change from bearish to bullish.
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Inverse Head and Shoulders
A bottom reversal pattern with three lows, the middle one (head) being the lowest, signaling a potential uptrend.
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Bullish Engulfing
A two-candle reversal pattern where a bullish candle completely engulfs the previous bearish candle.
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Cup and Handle
A bullish continuation pattern resembling a cup with a handle, often preceding an upward movement.
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Ascending Triangle
A bullish pattern with a horizontal upper resistance line and an upward sloping lower support line.
Bearish Patterns
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Double Top
A reversal pattern with two peaks at approximately the same price level, indicating a potential trend change from bullish to bearish.
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Head and Shoulders
A top reversal pattern with three peaks, the middle one (head) being the highest, signaling a potential downtrend.
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Bearish Engulfing
A two-candle reversal pattern where a bearish candle completely engulfs the previous bullish candle.
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Descending Triangle
A bearish pattern with a horizontal lower support line and a downward sloping upper resistance line.
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Rising Wedge
A bearish reversal pattern with converging upward trendlines, often leading to a downward breakout.
Neutral/Continuation Patterns
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Symmetrical Triangle
A convergence of two trendlines with similar slopes in opposite directions, indicating a potential continuation in either direction.
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Rectangle
A continuation pattern with parallel support and resistance lines, showing a pause in the prevailing trend.
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Flag
A short-term consolidation pattern that often forms after a sharp price movement, typically followed by a continuation in the same direction.
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Pennant
Similar to a flag but with converging trendlines, forming a small symmetrical triangle after a sharp movement.
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Doji
A single candlestick pattern with a very small body, indicating indecision in the market and potential for reversal or continuation.
