Flag pattern
Pennant - continuation pattern
- continuation pattern - this is consolidation period
- 4 to 8 weeks to develop - formation of flag pointing down is bullish, pointing up is bearish
- from uptrend with strong volume - pole of flag can be the gauge of TP
- pole can be the gauge of how high your TP - consolidation period with low volume is normal
Falling wedge
- can be a reversal or continuation pattern
- 3 to 6 months to develop
- at least 2 higher low, good if many
- breakout must have good volume
- once breakout, it's normal to have pullback, resistance becomes support
Inverse head and shoulders
- form after downtrend
- neckline with uptrend slope is more bullish
- volume is important during breakout
Double top
- reversal from uptrend to downtrend
- previous form is uptrend
- 3 to 6 months to develop
- stagnation of price activity is visible
- next high doesn't have to be exact of the first high, (+/-) 3% is good
Head and shoulders
- sell signal Double bottom
- form after uptrend - reversal from downtrend to uptrend
- formation of head and shoulders can be confirmed with the volume - previous form is uptrend
- neckline of has is a form of 2 lower points - 3 to 6 months to develop
- neckline with down slope is more bearish move/ vice versa - stagnation of price activity is visible
- next low doesn't have to be exact of the first low, (+/-) 3% is good
SUPER ANT – [Link]
Descending Triangle Bearish -measured move
- bearish continuation signal - continuation or bearish move
- slope line is the resistance line, straight-line us the support line - 3 step process :downtrend, consolidation, downtrend
- at least two high points and low points - several months to develop
- during the breakdown previous support becomes resistance - counter trend/consolidation period can be flag, rectangle or symetrical
- low volume during consolidation triangle form
- high sell volume during breakdown - consolidation period before move higher
Cup with handle Bear price channel
- bullish pattern - bearish trend
- must have previous uptrend - forming lower lows
- start with rounded bottom (consolidation period) - slope/parallel line pointing down
- with two high points
- forming cup is 3 to 6 months to develop
- forming handle is weeks to develop
Ascending Triangle
- bullish pattern
- slope line is the support line, straight-line is the resistance line
Bullish -measured move - have at least 2 high points (resistance line)
- continuation of bullish move - making higher lows
- 3 step process : uptrend, consolidation, uptrend
- several months to develop
- counter trend/consolidation period can be flag, rectangle or symmetrical
triangle form
- consolidation period before move higher
Triple top reversal
- reversal from uptrend to downtrend
- 3 high points bouncing in the resistance
Bull price channel
- bullish trend
- forming higher highs
- slope/parallel lines pointing up
- volume is not important during formation
SUPER ANT – [Link]
Triple bottom reversal Rectangle chart pattern
- reversal from downtrend to uptrend - bullish or bearish
- 3 to 6 months to develop - weeks or months to develop
- 3 low points bouncing in the support - bouncing in support and resistance
- volume is important during breakout - high volume during breakout or breakdown
Symmetrical triangle
- continuation/ reversal pattern
- weeks or month to develop
- at least 2 higher lows
- low volume during consolidation is normal
Rounding bottom
- long-term reversal formation
- must have downtrend formation
- weekly timeframe is being used
- like inverse has without shoulders
- volume is important during breakout
Rising wedge
- reversal (bearish) or continuation pattern
- 3 to 6 months to develop
- at least 2 higher highs
- once breakdown, support becomes resistance
SUPER ANT – [Link]
