Article Ascending Triangle Understanding Ascending Triangle Trading Pattern Basics Introduction The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles …
Article Symmetrical Triangle Understanding Symmetrical Triangle Trading Pattern Basics Introduction The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended …
Article Flag and Pennant Understanding Flag and Pennant Trading Pattern Basics Introduction Flags and Pennants are short-term continuation patterns that mark a small consolidation before the previous move resumes. These patterns are usually preceded by a sharp advance or decline with heavy volume, and mark a midpoint of the move. Flag and Pennant Trading Strategy A …
Article Cup with Handle Understanding Cup with Handle Trading Pattern Basics Introduction The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O’Neil and introduced in his 1988 book, How to Make Money in Stocks. Cup with Handle Trading Strategy As its name …
Article Triple Top Reversal Understanding Triple Top Reversal Trading Pattern Basics Introduction The Triple Top Reversal is a bearish reversal pattern typically found on bar charts, line charts and candlestick charts. There are three equal highs followed by a break below support. As major reversal patterns, these patterns usually form over a 3 to 6 month …