Flashcards

COMMON CHART PATTERNS

Donte Lungs English 19 cards

Cards in this deck (19)

1BEARISH DOUBLE TOPa reversal chart pattern commonly used in technical analysis. The pattern consists of two peaks (or highs) that reach about the same price level, separated by a low price point between them. It shows that buying pressure has weakened, and sellers may be gaining control, possibly leading to a downward move in price.
2BEARISH HEAD & SHOULDERSa reversal chart pattern commonly used in technical analysis. It consists of three high points with the middle peak (the head) being higher than the other two peaks (the shoulders), also has two lows points between them. It shows that buying pressure has weakened, and sellers may be gaining control, possibly leading to a downward move in price.
3BEARISH RISING WEDGEa reversal chart pattern commonly used in technical analysis. The pattern has converging trendlines that slope upward, creating a narrowing pattern the shape of a wedge. Despite the uptrend price movement, the bearish rising wedge pattern shows that buying pressure is getting weak, and sellers may be gaining control, possibly leading to a downward move in price.
4BEARISH EXPANDING TRIANGLEa reversal chart pattern commonly used in technical analysis. the bearish expanding triangle pattern has two diverging trendlines, creating a widening pattern in the shape of a megaphone.
5BEARISH TRIPLE TOPa reversal chart pattern commonly used in technical analysis that consists of three high points that reach about the same price level, separated by two low price points between them. It shows that buying pressure has weakened, and sellers may be gaining control, possibly leading to a downward movement in price.
6BULLISH DOUBLE BOTTOMa reversal chart pattern commonly used in technical analysis. It consists of two low points that reach about the same price level, separated by a high point between them. It shows that selling pressure has weakened, and buyers may be gaining control, possibly leading to an upward move in price.
7BULLISH INVERTED HEAD & SHOULDERSa reversal pattern commonly used in technical analysis of price charts. It consists of three price swing points, with the middle swing point (the "head") being lower than the other two swing points (the "shoulders"). It signifies a potential reversal from a downtrend to an uptrend and is considered a bullish signal by traders.
8BULLISH FALLING WEDGEa reversal chart pattern commonly found in technical analysis that typically forms during downtrends. It is characterized by converging trendlines that slope downward, creating a narrow pattern shape resembling a wedge. Despite the downtrend, the bullish falling wedge pattern suggests that selling pressure is gradually diminishing, and buyers are gaining strength, possibly leading to a reversal to the upside.
9BULLISH EXPANDING TRIANGLEa reversal chart pattern aka the megaphone found in technical analysis that typically forms during periods of high volatility. It is characterized by two trendlines that diverge away from each other, creating a widening pattern resembling a triangle. While traditional triangles indicate consolidation and a potential continuation of the existing trend, the expanding triangle suggests increasing uncertainty and potential volatility, often leading to a reversal or significant price movement.
10BULLISH TRIPLE BOTTOMa reversal chart pattern commonly used in technical analysis that signals a potential shift from a downtrend to an uptrend. It is identified by three low points of roughly equal prices, separated by short price spikes between them. The pattern indicates that selling pressure has weakened, and buyers are stepping in to increase the price, potentially leading to a bullish reversal.
11BULLISH FLAG PATTERNa continuation pattern commonly found in technical analysis that signals a temporary pause or consolidation within an uptrend before the price resumes its upward movement. It is characterized by two parallel trendlines, forming a rectangular shape resembling a flag, with the flagpole representing the initial sharp price movement (the flagpole) followed by a period of consolidation (the flag).
12BULLISH PENNANT PATTERNa continuation pattern commonly found in technical analysis that signals a temporary pause or consolidation within an uptrend before the price resumes its upward movement. It is similar to the bullish flag pattern but has a narrower and more symmetrical shape, resembling a pennant or small symmetrical triangle.
13BULLISH FALLING WEDGEa reversal chart pattern commonly used in technical analysis that typically forms during downtrends. It is identified by two trendlines that slope downward, creating a narrowing pattern in the shape of a wedge. Despite the downtrend, the bullish falling wedge pattern shows that selling pressure is getting weak, and buyers are gaining strength, possibly leading to a reversal to the upside.
14BULLISH ASCENDING TRIANGLEa bullish continuation pattern commonly found in technical analysis. It typically forms during an uptrend and signals a temporary pause or consolidation before the price resumes its upward movement. The pattern is characterized by a horizontal resistance level and a rising support trendline, creating a triangle shape with a flat upper boundary and an ascending lower boundary.
15BEARISH FLAG PATTERNa continuation pattern commonly found in technical analysis that signals a temporary pause or consolidation within a downtrend before the price resumes its downward movement. It is the counterpart of the bullish flag pattern and shares similar characteristics, but it occurs within a downtrend instead of an uptrend.
16BEARISH PENNANT PATTERNa continuation pattern commonly used in technical analysis that signals consolidation within a downtrend before the price resumes its downward movement. Similar to the bullish pennant pattern, the bearish pennant pattern consists of a flagpole followed by a period of consolidation, forming a small symmetrical triangle or pennant shape.
17BEARISH RISING WEDGEa reversal chart pattern commonly used in technical analysis. That has narrowing upward trendlines that slope upward, creating a wedge shape. Despite the uptrend, the bearish rising wedge pattern shows that buying pressure is getting weak, and sellers may be gaining control, possibly leading to a downward move in price.
18BEARISH DESCENDING TRIANGLEa continuation chart pattern commonly found in technical analysis. The pattern has a horizontal support line and a descending resistance line, creating a triangle shape with a flat lower boundary and a descending upper boundary.
19BULLISH CUP AND HANDLEa continuation chart pattern commonly used in technical analysis. This pattern forms after a prolonged uptrend and shows a potential continuation of the existing up trend. The pattern gets its name because of the cuplike shape with a handle.