Descending Triangle
Group: Trend Continuation Definition:The opposite of the ascending triangle. Support holds while lower highs are formed, showing increasing selling pressure.…
Ascending Triangle
Group: Trend Continuation Definition:A formation where resistance remains flat while higher lows are created, signaling growing buying pressure. Key Characteristics:…
Bearish Pennant
Group: Trend Continuation Definition:After a decline, the market forms a small symmetrical triangle that serves as a pause before another…
Rising Wedge
Group: ReversalDescription: A narrowing upward-sloping channel, often preceding a bearish reversal. Key Characteristics: Trading Logic: Sell on breakout below support.…
Falling Wedge
Group: ReversalDescription: A narrowing downward-sloping channel, often signaling a bullish reversal. Key Characteristics: Trading Logic: Buy on breakout above the…
Rounding Bottom
Group: ReversalDescription: A gradual rounded bottom followed by an upward breakout. Key Characteristics: Trading Logic: Buy on breakout above resistance.…
Rounding Top
Group: ReversalDescription: A slow reversal pattern forming a smooth rounded top. Key Characteristics: Trading Logic: Sell on breakout below support.…
Triple Bottom
Group: ReversalDescription: Three bottoms at the same level, showing accumulation and potential upward reversal. Key Characteristics: Trading Logic: Buy on…
Triple Top
Group: ReversalDescription: Three consecutive peaks at roughly the same level, signaling exhaustion of buyers and trend reversal. Key Characteristics: Trading…
