International Business Times

Chart Patterns Beginner Education

Double Top (Forex Education)

A double top is a bearish reversal pattern that typically occurs after an extended upward movement in price. Prices reverse once, moving downwards to the confirmation level followed by an upward movement in price. Prices reverse again at the second peak, and completion of the pattern occurs when prices break through the confirmation line.

By Roger Baettig | Aug 31, 2010 | IBTimes

Double Bottom (Forex Education)

A double bottom is a bullish reversal pattern that usually occurs after an extended downward movement in price. In good double bottom patterns, the second trough is typically lower than the first trough.

By Roger Baettig | Aug 31, 2010 | IBTimes

Bullish Pennant (Forex Education)

A Bullish Pennant Pattern is a continuation pattern that usually follows a large run up in price. After a brief price consolidation in the pennant, prices generally continue in the same direction as the prior trend.

By Roger Baettig | Aug 31, 2010 | IBTimes

Bull Flag (Forex Education)

A Bull Flag is a continuation pattern that generally occurs after a large run up in price. After a period of price consolidation in the flag, prices generally continue in the direction of the prior trend.

By Roger Baettig | Aug 31, 2010 | IBTimes

Bearish Pennant (Forex Education)

A Bearish Pennant Pattern is a continuation pattern that usually follows a downward move in price. After a brief price consolidation in the pennant, prices generally continue in the same direction as the prior trend.

By Roger Baettig | Aug 31, 2010 | IBTimes

Bearish Descending Triangle (Forex Education)

A Bearish Descending Triangle is a continuation pattern that typically appears after a decline in price. Price consolidates briefly in the triangle and usually continues in the same direction as the previous trend.

By Roger Baettig | Aug 31, 2010 | IBTimes

Bear Flag (Forex Education)

A Bear Flag is a continuation pattern that generally occurs after a decline in price. After a period of price consolidation in the flag, prices generally continue in the direction of the prior trend.

By Roger Baettig | Aug 31, 2010 | IBTimes

Ascending Triangle (Forex Education)

An Ascending Triangle Pattern is a continuation pattern and usually occurs after a large run up in price. The time spent in the triangle is a period of price consolidation and the trend usually continues in the same direction as the previous trend.

By Roger Baettig | Aug 31, 2010 | IBTimes

Devin Sage TXA Trading - X-Sequentials:Successfull Forecasts and Trading

The Devin Sage X-Sequentials Chart analysis approach is a new branch in technical analysis where patterns per se are not seen as single entites without any correlation to each other or as "stand alone" single patterns.

By Devin Sage | Aug 28, 2010 | TXA

Tweezers Top and Bottom Reversal Patterns (Forex Education)

Tweezers formation consists of two or more candles that either their high or their low is almost at the same level. They could represent resistance or support levels in the chart or at least those instances that the market pauses for a while. If they appear at the extreme levels of trending markets they could represent reversal or correction in the trend.

By Al Parsai | Aug 27, 2010 | ForexBrace

Bullish Belt-Hold Lines (Forex Education)

Belt-Hold Line is a one candle pattern. It is basically a long real body with zero size or insignificant lower and/or upper shadows. The bullish belt-hold line pattern consists of a long white body (i.e.

By Al Parsai | Aug 27, 2010 | ForexBrace

Window - Falling and Rising (Forex Education)

Most of candlestick patterns are considered reversal. There are some patterns that usually imply continuation of the trend. Falling and Rising Window formations are among them. We could also consider three white soldiers, falling three methods, rising three methods, and separating lines as other candlestick continuation patterns.

By Al Parsai | Aug 27, 2010 | ForexBrace

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