Bull 'n Bear Patterns

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Bullish Patterns

Symmetrical Triangle (chart): A sideways chart pattern between two converging trendlines in which the upper trendline is declining and the lower trendline is rising. This pattern represents an even balance between buyers and sellers, although the prior trend is usually resumed. The breakout through either trendline signals the direction of the price trend.

Ascending Triangle (chart): A sideways price pattern between two converging trendlines in which the lower line is rising while the upper line is flat. This is generally a bullish pattern.

Falling Wedge (chart): A bullish pattern that begins wide at the top and contracts as prices move lower toward a resistance breakout.

Cup with Handle (chart): A bullish chart pattern that marks a consolidation period followed by a breakout. The "cup" part of the pattern resembles a rounding bottom, and is followed by a "handle" that acts as a final consolidation before a breakout.

Head and Shoulders Bottom (chart): A bullish reversal pattern marked by three (or more) prominent troughs with a middle trough (the head) that is lower than the other troughs (the shoulders). When the trendline (neckline) connecting the peaks at the top of the pattern is broken, the pattern is complete.

Flag (chart): A continuation chart pattern that generally lasts less than three weeks and resembles a parallelogram that slopes against the prevailing trend. The flag represents a minor pause in a dynamic price trend.

Bearish Patterns

Rising Wedge (chart): A bearish pattern that begins wide at the bottom and contracts as prices move higher toward a support break.

Head and Shoulders Top (chart): A bearish reversal pattern marked by three (or more) prominent peaks with a middle peak (the head) that is higher than the other peaks (the shoulders). When the trendline (neckline) connecting the troughs at the bottom of the pattern is broken, the pattern is complete.