Major Market Patterns

Quillan · May 8, 2018
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Head and Shoulders Downtrend

A head and shoulders pattern is also a trend reversal formation. It is formed by a peak (shoulder), followed by…

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Double Top DownTrend

A double top is a reversal pattern that is formed after there is an extended move up. The “tops” are…

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Head and Shoulders Uptrend

The name speaks for itself. It is basically a head and shoulders formation, except this time it’s upside down. A…

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Double Bottom UpTrend

The double bottom is also a trend reversal formation, but this time we are looking to go long instead of…

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Bearish Wedge

See how the price made a nice move down, that’s the same height as the wedge? What did we learn…

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Bearish Pennants

Like rectangles, pennants are continuation chart patterns formed after strong moves. After a big upward or downward move, buyers or…

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Bullish Pennants

Bullish pennants, just like the name suggests, signals that bulls are about to go a-chargin’ again. This means that the…

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Symmetrical Triangles

A symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s…

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Descending Triangles

As you probably guessed, descending triangles are the exact opposite of ascending triangles (we knew you were smart!). In descending…

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Rising Wedge

A rising wedge is formed when price consolidates between upward sloping support and resistance lines. Here, the slope of the…

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Rectangles

A rectangle is a chart pattern formed when price is bounded by parallel support and resistance levels. A rectangle exhibits…

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Bearish Rectangle

A bearish rectangle is formed when the price consolidates for a while during a downtrend. This happens because sellers probably…

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Bullish Rectangle

Here’s another example of a rectangle, this time, a bullish rectangle chart pattern. After an uptrend, the price paused to…

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Quillan

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