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Chart Patterns: Cheat Sheet

The document provides a cheat sheet of various chart patterns used to identify trend continuations and reversals. It describes bullish and bearish rectangles, ascending and descending triangles, flags, pennants, head and shoulders patterns, double bottoms and tops, and symmetrical triangles. Each pattern lists key characteristics such as price movements, potential breakout directions, and entry signals that could indicate trend continuation or reversal.

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Gokul
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© © All Rights Reserved
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Download as PDF, TXT or read online on Scribd
478 views

Chart Patterns: Cheat Sheet

The document provides a cheat sheet of various chart patterns used to identify trend continuations and reversals. It describes bullish and bearish rectangles, ascending and descending triangles, flags, pennants, head and shoulders patterns, double bottoms and tops, and symmetrical triangles. Each pattern lists key characteristics such as price movements, potential breakout directions, and entry signals that could indicate trend continuation or reversal.

Uploaded by

Gokul
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Chart Patterns

Cheat Sheet
TREND CONTINUATION PATTERNS
BULLISH RECTANGLE
BULLISH CONTINUATION

• There was an uptrend in play, but price has reached a


price acceptance level with the same highs and same
lows.

• Wait for breakout up through the rectangle, a retest,


and then trend continuation.

BEARISH RECTANGLE
BEARISH CONTINUATION

• There was a downtrend in play, but price has reached a


price acceptance level with the same highs and same
lows.

• Wait for breakout down through the rectangle, a retest,


and then trend continuation.

ASCENDING TRIANGLE
BULLISH CONTINUATION

• Price is in an uptrend.

• Price is not breaking through resistance.

• Higher lows indicate a potential breakout.

• Retest of old resistance, new support could indicate


trend continuation.

DESCENDING TRIANGLE
BEARISH CONTINUATION

• Price is in a downtrend.

• Price finds a level of support.

• Lower highs indicate a potential breakout.

• Retest of old support, new resistance could indicate


trend continuation.

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The information provided within this PDF is for educational purposes only.
BULLISH FLAG
BULLISH CONTINUATION

• Price is in an uptrend.

• There is a pullback with lower highs and lower lows.

• If it breaks the flag to the upside it could indicate trend


continuation.

BEARISH FLAG
BEARISH CONTINUATION

• Price is in a downtrend.
• There is a pullback with higher highs and higher lows.

• If it breaks the flag to the downside it could indicate


trend continuation.

BULLISH PENNANT
BULLISH CONTINUATION

• Price is in an uptrend.

• There is a pullback with lower highs and higher lows.

• Could indicate that sellers are losing momentum.

• If it breaks the pennant to the upside it could indicate


trend continuation.

BEARISH PENNANT
BEARISH CONTINUATION

• Price is in a downtrend.

• There is a pullback with lower highs and higher lows.

• Could indicate that buyers are losing momentum.

• If it breaks the pennant to the downside it could


indicate trend continuation.

Start your free trial with ForexSignals.com today!


The information provided within this PDF is for educational purposes only.
TREND REVERSAL PATTERNS
BULLISH HEAD & SHOULDERS
BULLISH REVERSAL

• Price is in a downtrend, reaching lows and lower lows.

• The neck line connects the highs between the two


shoulders.

• A break up through the neck line could indicate a


bullish trend reversal.

BEARISH HEAD & SHOULDERS


BEARISH REVERSAL

• Price is in an uptrend, reaching highs and higher highs.

• The neck line connects the lows between the two


shoulders.

• A break down through the neck line could indicate a


bearish trend reversal.

DOUBLE BOTTOM
BULLISH REVERSAL

• If price fails to break through support twice it could


indicate a reversal.

• The swing high between the double bottom lows


could be a good buy entry.

DOUBLE TOP
BEARISH REVERSAL

• If price fails to break through resistance twice it could


indicate a reversal.

• The swing low between the double tops could be a


good sell entry.

RANGE BREAKOUT
SYMMETRICAL TRIANGLE
RANGE BREAKOUT

• A ranging market ends up going into an ever


decreasing range with lower highs and higher lows.

• A breakout can happen in either direction.

• Target price can be the size of the base of the triangle.

Start your free trial with ForexSignals.com today!


The information provided within this PDF is for educational purposes only.

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