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Classic Chart Pattern's
-------------
Reversal Charts Pattern's


Double Bottom
--
A double bottom pattern is
a technical analysis charting pattern that
describes a change in trend
and a momentum reversal
from prior leading price action.
The double bottom looks like
the letter "W".
The twice-touched low
is considered a support level .


Inverse Head And Shoulder
--
Investors typically enter into a long
position when the price rises above
the resistance of the neckline.
This pattern is the opposite of the
popular head and shoulders pattern
but is used to predict shifts in
a downtrend rather than an uptrend


Falling Wedge
--
Falling Wedge is a bullish pattern
that begins wide at the top
and contracts as prices move lower.
This price action forms a cone
that slopes down as the reaction
highs and reaction lows converge.
However, this bullish bias cannot be
realized until a resistance breakout occurs.


Double Top
---
Double tops and bottoms are important
technical analysis patterns used by traders
A double top has an 'M' shape
and indicates a bearish reversal in trend
A double bottom has a 'W' shape
and is a signal for a bullish price movement.


Head And Shoulder
---
Investors typically enter into a long
position when the price rises above
the resistance of the neckline.
This pattern is the opposite of the
popular head and shoulders pattern
but is used to predict shifts in
a downtrend rather than an uptrend


Rising Wedge
---
A true head & shoulders pattern doesn't
occur very often, but when it does,
many technical traders believe
it's an indicator that a major trend
reversal has occurred. A standard Head &
Shoulders pattern is considered
to be a bearish setup and an "inverse"
head & shoulders pattern is
considered to be a bullish setup.


Falling Wedge
---
The Falling Wedge is a bullish pattern
that begins wide at the top and
contracts as prices move lower.
This price action forms a cone that slope
s down as the reaction highs and reaction
lows converge. However, this bullish
bias cannot be realized until
a resistance breakout occurs.


Bullish Rectangle
---
The bullish rectangle is a continuation
pattern that develops during
a strong uptrend. Once the pattern
is established, a break to the upside
would imply a continuation
of the bullish trend


Bullish Pennant
---
A bullish pennant is a technical trading
pattern that indicates the impending
continuation of a strong upward
price move .This makes the bullish
pennant pattern particularly sought
after, as it can offer an early indication
of significant upward price action


Rising Wedge
---
A true head & shoulders pattern doesn't
occur very often, but when it does,
many technical traders believe
it's an indicator that a major trend
reversal has occurred. A standard Head &
Shoulders pattern is considered
to be a bearish setup and an "inverse"
head & shoulders pattern is
considered to be a bullish setup.


Bearish Rectangle
---
The bearish rectangle is a continuation
pattern that occurs when a price pauses
during a strong downtrend and
temporarily bounces between two
parallel levels
before the trend continues.


Bearish Pennant
---
What is a bearish pennant?
A bearish pennant is a technical trading
pattern that indicates the impending
continuation of a downward price move
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