Traders use chart patterns to help determine which direction the price is going, and potentially how far it could go. Chart patterns like head and shoulders, triangles, cup and handles, double/triple ...
The triangle can be a continuation or a reversal pattern. Although, more often it is a continuation pattern. There are three types of triangles: symmetric, ascending, and descending. For trading purpo...
Double tops and bottoms are reversal patterns. A double top signals the price is no longer rallying, and that lower prices are potentially forthcoming. A double bottom indicates the price is no longer...
The cup and handle is both a continuation and a reversal pattern. The reversal pattern marks the end of a downtrend, and shows the price transitioning into an uptrend. The continuation pattern occurs ...
The size of a chart pattern, and where it occurs within a trend, provides clues as to how big the next price move will be once the chart pattern completes. When the price finally breaks out of the cha...