Chart Patterns

Chart patterns are foundational in technical analysis. They repeat themselves in the market time and time again and are relatively easy to spot. These patterns appear on every timeframe and can therefore be used by scalpers, day traders, swing traders, position traders or investors. There are 3 types, depending on how price is likely to behave after completing the pattern: reversal patterns where price is likely to reverse, continuation patterns where price is likely to continue its course and bilateral patterns where price can go either way depending on how it breaks out.

The measurements of the patterns can be used to project the next price movement including what target to aim for. These patterns can be traded aggressively (with less conformation) and conservatively (with more conformation) so the rules of entry and exit can vary. It's easy to calculate the reward / risk for them, which is important to know before entering any trade.
Akil_Stokes Akil_Stokes PRO AUDNZD, 60, Short ,
AUDNZD: AUDNZD: CTS Short Opportunity
658 5 38
AUDNZD, 60 Short
AUDNZD: CTS Short Opportunity

With gaps interrupting the majority of the pairs in my trading portfolio I'll be turning to more minor pairs in order to find trading examples. Following up on yesterday's Combined Technical Scoring System Strategy Lab I thought that this would be a perfect opportunity to share today. Obviously price has already began to react after running into previous ...

LewisGlasgow LewisGlasgow TOP NZDJPY, D, Long ,
NZDJPY: NZD/JPY - Inverted Head and Shoulders
524 3 41
NZD/JPY - Inverted Head and Shoulders

There are some amazing setups forming on the charts, here we have NZD/JPY on the daily chart with an inverted head and shoulders pattern. The same pattern can be found on CAD/JPY (chart is shown below). The right shoulder is currently sitting below the 0.50 retracement level ...

ETHBTC: Ethereum/Bitcoin (ETH/BTC)
337 3 27
ETHBTC, 240 Long
Ethereum/Bitcoin (ETH/BTC)

Look like falling wedge

karzan karzan EURUSD, 240, Short ,
325 2 15
EURUSD, 240 Short

As we can see at the H4 chart, the quick ascending movement made by the pair today may be the fifth wave in the wedge . Consequently, in the nearest future the market may fall in the wave (a) of .

VerthagOG VerthagOG LSKBTC, 60, Long ,
LSKBTC: LISK | CUP AND HANDLE | BUY | Sentiment going bullish
279 1 11
LSKBTC, 60 Long
LISK | CUP AND HANDLE | BUY | Sentiment going bullish

Cup and handle formation Cloud to go bullish soon breakout coming

hanzeholdinworth hanzeholdinworth DCRBTC, 240, Long ,
144 4 9
DCRBTC, 240 Long

Clearly we are seeing here a strong classic cubic growth attempting to transition into hexagonal matrix here. Makes sense - Decred's technological superiorness is fitting to the most optimal geometric structure - but does it have what it takes to transform into the hex? I'm not so sure just yet. Today DCR release v1.0. Lots of tech stuff coming out that are ...

Kishore Kishore PRO BPCL, 240, Long ,
25 0 15
BPCL, 240 Long

MARKET ANALYSIS: The pair has broken the flag resistance level. Once the market retest the support zone we can enter a long trade setup. Cheers!

Lagune Lagune PRO XAUUSD, 60, Long ,
XAUUSD: Triangle/Flag Long to 1305 possible 1320
218 0 11
XAUUSD, 60 Long
Triangle/Flag Long to 1305 possible 1320

Currently I am playing this as a triangle or flag, whatever you prefer to label it as. I am looking for a triangle with a break up to the upside to fill in the GAP from the first round of French elections. I am looking it as a GAP + Trend, aiming for 1305, 1316 and possibly 1320. I would of voted for Marine Le Pen myself if I lived in France!

foobarzoo foobarzoo PRO ETHBTC, 60, Long ,
ETHBTC: Falling wedge reversal pattern forming on ETH/BTC
189 0 9
ETHBTC, 60 Long
Falling wedge reversal pattern forming on ETH/BTC

It seems that break out would happen in a week. Falling wedge is giving us a bullish bias. However it would be wise to wait for confirmation until the breakout actually happens.

gagner.antoine gagner.antoine PRO EURUSD, 15, Short ,
109 0 10
EURUSD, 15 Short
EURUSD - SHORT @ 1.08500

DESCRIPTION: Symetrical triangle / pennant breakou + EU might return inside the daily ascending triangle + gap needs to eventually be filled. ENTRY: At the breakout of the triangle. TARGET: 1.07350 (gap filled at this point) STOPS: Above 1.08800, above the last highs.

forker forker PRO C, D, Short ,
C: C - Citigroup respects the Medianlines.
34 2 6
C, D Short
C - Citigroup respects the Medianlines.

Price gapped up to the seller zone to the tick. Even price made a hagopian, means that price did not reached the centerline, I bet on the short side since C. is respecting the Medianlines so good. P!

atefhussenn atefhussenn EURUSD, 60, Short ,
EURUSD: waiting for a sell setup
83 0 8
EURUSD, 60 Short
waiting for a sell setup

continuation pattern is forming here waiting for a breakout to take a sell position

TradeOperator TradeOperator DXY, 60, Short ,
DXY: Dollar Index Hourly 17/04/25
21 0 9
DXY, 60 Short
Dollar Index Hourly 17/04/25

Dollar forming a bearish pennant on the 1 hour

duanluming duanluming DXY, W, Long ,
41 0 8
DXY, W Long

Drop wedge finishing is completed, can light warehouse layout more than single, target 100, after breaking the 100 will have the opportunity to hit the previous high point again

Robinhod Robinhod FCTBTC, 240, Long ,
FCTBTC: FCTBTC -triangle setup
85 0 7
FCTBTC, 240 Long
FCTBTC -triangle setup


PDUUSD: Rising wedge on the weekly
6 0 8
Rising wedge on the weekly

Wait for price action behaviour at trend line support. Momentum has decreased considerably inside the rising wedge suggesting a possible move to the downside is on the cards.

JustinCaravaggio JustinCaravaggio ETCBTC, 240, Short ,
ETCBTC: ETCBTC medium to long term bull, short term bear (few days)
102 0 6
ETCBTC, 240 Short
ETCBTC medium to long term bull, short term bear (few days)

ETC broke out of above a pennant, its 100 day moving average and diagonal support lines 1 and 0 and also long term support line X, only to find resistance at support line Y. If we cant build support at line x, next support is at the 23% retracement and line 0. If bitcoin continues to rise in the days ahead, we could quickly test the 38% retracement and support ...

atefhussenn atefhussenn GBPUSD, 240, Long ,
GBPUSD: buy setup
41 0 6
GBPUSD, 240 Long
buy setup

continuation pattern is forming here waiting for a breakout to buy

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