📐 Chart Patterns
Part of Complete Stock Market Learning Series
📌 What Are Chart Patterns?
Chart patterns are repeated price formations created by market psychology. They help traders anticipate future price direction based on historical behavior.
🏷 Types of Chart Patterns
- Continuation Patterns
- Reversal Patterns
- Bilateral Patterns
➡ Continuation Patterns
These patterns indicate a pause before the trend continues in the same direction.
- Flag Pattern
- Pennant Pattern
- Rectangle Pattern
📊 Continuation Pattern Example (Flag)
👉 Price consolidates briefly, then breaks in trend direction.
🔄 Reversal Patterns
Reversal patterns signal a possible change in the existing trend.
- Head & Shoulders
- Double Top
- Double Bottom
📊 Reversal Pattern Example (Double Bottom)
👉 Two strong lows → buyers regain control → upside breakout.
↔ Bilateral Patterns
Bilateral patterns do not predict direction; breakout can happen on either side.
- Symmetrical Triangle
- Wedge Pattern
📊 Bilateral Pattern Example (Triangle)
👉 Wait for breakout direction with volume confirmation.
⚖ Important Note
Chart patterns work best when combined with volume, support–resistance, and indicators. Never trade patterns blindly. This content is for educational purposes only.
🚀 Learn Chart Patterns Practically
Understand real pattern formation, breakouts, and failures with live market examples. Advanced strategies are included in premium programs.
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