Diamond Pattern
Diamond Bottom: Diamond pattern forms after a downward price trend. Breakout is upward. Short-term bullish reversal Facts: Throwbacks hurt performance but breakout day gaps help. Tall or wide patterns perform better than short or...
Tagged: Breakout
Cup with Handle Pattern
Looks like a cup profile with the handle on the right. The breakout is upward. It is Short-term bullish continuation. Facts: Patterns that are tall, have short handles, and a higher left cup lip...
Bump-and-Run Reversal Bottoms
Looks like a frying pan with the handle on the left following a trend line down until a large decline ensues. The breakout is upward. It is Short-term bullish reversal or continuation. Cup with...
Broadening Wedges
Prices follow two up-sloping trend lines that broaden out. Breakout happens when the price breaks the trend line in downwards/upwards Facts: Throwbacks hurt performance. Patterns with heavy breakout volume perform better. Beware: Beware of...
Broadening Triangle Pattern
Broadening Triangle Ascending: Horizontal bottom with higher highs following an up-sloping trend line. Breakout is upward. It is Short-term bearish reversal. Facts: Tall patterns perform better than short ones. Patterns both tall and wide...
