Wedge Chart Pattern
Identification: A wedge is a price pattern formed by two converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows…
Flag Chart Pattern
Identification: A flag pattern can be identified by looking for a price patter that, in a shorter time frame, moves opposite to the existing price trend observed during a longer…
Pennant Chart Pattern
Identification: A pennant is a continuation pattern which is formed when initially there is a large movement in a security, known as the flagpole, which is then followed by a consolidation…
Symmetrical Triangle Pattern
A symmetrical triangle is a chart pattern created with converging trendlines connecting multiple peaks and troughs along the path occurring when the price is consolidated along a path. Identification: A symmetrical triangle…
Descending Triangle Pattern
A descending triangle is a chart pattern created with a horizontal line and a falling trendine combined together to create a triangle. Basically, its look is opposite as that of the ascending…
Ascending Triangle Pattern
An ascending triangle is a chart pattern created with a horizontal line and a rising trendine combined together to create a triangle. These are also called continuation pattern as generally the price…
Spinning Top Candlestick
A spinning top is a candlestick pattern with a short real body that's vertically centered between long upper and lower shadows. The candlestick pattern represents indecision about the future direction of the asset. It…