Techical Patterns

CONTINUATION PATTERN

1. Triangle
• Symmetrical Triangle
• Ascending Triangle
• Descending Triangle
2. Broadening Formation
3. Flag
• Bullish Flag
• Bearish Flag/Inverted Flag
4. Pennat
• Bullish Pennant
• Bearish Pennant/Inverted Pennant
5. Rising Wedge
• Rising wedge is a reversal pattern.
• It takes more than three weeks to form and last about 3 months.
• It should have atleast 5 touches, 3 on the one side and 2 on the other side.
• Both the trending should point -up , no near horizontal lines should be considered as wedge formation.
• The two trendlines should intersect each other on the top.
• Breakout from the wedge is likely to take place at 2/3 of its formation.
• In case prices went too near the apex, it is likely a pattern failure.
• Volume usually diminishes during its formation.
• Breakout is not necessarily required to take place with outburst in volume, however volume progession with prices moving down confirms the breakdown.
6. Falling Wedge
7. Continuation Head  & Shoulder Pattern
1. Rectangles

REVERSAL PATTERN

1. Head and Shoulder Pattern
2. Inverted Head and Shoulder Pattern
3. Double Top
4. Double Bottom
5. Triple Top
6. Triple Bottom
7. Saucers
8. Spikes