Learn Candlestick Trading Patterns
What are Patterns?
In technical analysis, patterns are the distinctive formations created by the movements of security prices on a chart. A pattern is identified by a line that connects common price points, such as closing prices or highs or lows, during a specific period of time. Patterns are the foundation of technical analysis and analysts seek to identify patterns as a way to anticipate the future direction of a security’s price.
Ascending Triangle Pattern
What Is an Ascending Triangle Pattern?An Ascending Triangle is a bullish chart pattern that is a signal for traders to take a long...
Falling Wedge Pattern
What Is a Falling Wedge Pattern?The Falling Wedge is a bullish pattern that begins wide at the bottom and contracts as prices move lower...
Pennant Pattern
What Is a Pennant Pattern?A Pennant is a continuation pattern formed when there is a large movement followed by a period of consolidation...
Descending Triangle Pattern
What Is a Descending Triangle Pattern?A Descending Triangle is a bearish chart pattern that is a signal for traders to take a short...
Symmetrical Triangle Pattern
What Is a Symmetrical Triangle Pattern?A period of consolidation before the price is forced to breakout or breakdown. A breakdown from the...
Rising Wedge Pattern
What Is a Rising Wedge Pattern?The Rising Wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher...
Double Bottom Pattern
What Is a Double Bottom Pattern?A Double Bottom is an extremely bullish technical reversal pattern that forms after an asset reaches a low...
Double Top Pattern
What Is a Double Top Pattern?A Double Top is a bearish reversal pattern typically found on candlestick charts. As the name implies, the...