Scribd
Upload
1 views

Chart Patterns

Uploaded by

raisoniya670
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
1 views

Chart Patterns

Uploaded by

raisoniya670
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
You are on page 1/ 2

PRATIK KULKARNI

Chart Patterns (Head & Shoulders, Double


Top/Bottom, etc.)

Reversal Pa erns
These indicate a poten al change in trend direc on.

1. Head and Shoulders


 Structure : A peak (shoulder), followed by a higher peak (head), and then another
lower peak (shoulder).

 Signal : Reversal from an uptrend to a downtrend.


 Confirma on : Break below the neckline (support line connec ng the troughs).

2. Inverse Head and Shoulders


 Structure : Mirror of the head and shoulders pa ern.
 Signal : Reversal from a downtrend to an uptrend.

3. Double Top
 Structure : Two consecu ve peaks at approximately the same price level.
 Signal : Bearish reversal.
 Confirma on : Break below the support level (between the tops).
PRATIK KULKARNI

4. Double Bo om
 Structure : Two consecu ve troughs at roughly the same level.
 Signal : Bullish reversal.

Con nua on Pa erns


These suggest that the current trend is likely to resume.

5. Triangles
 Types : Ascending, Descending, Symmetrical.
 Signal : Breakout in the direc on of the prior trend a er a period of consolida on.

6. Flags and Pennants


 Structure : Short-term pa erns following a sharp price move.
 Signal : Con nua on of the previous trend.

o Flags are rectangular; Pennants are small symmetrical triangles.

7. Wedges
 Types : Rising (bearish), Falling (bullish).
 Signal : Can act as reversal or con nua on, depending on context.

Bonus Pa ern

8. Cup and Handle


 Structure : "U" shape (cup), followed by a small consolida on (handle).
 Signal : Bullish con nua on pa ern.

You might also like