Continuation pattern using symmetrical triangles on stock/equity chart

 A symmetrical triangle is formed of higher lows and lower highs which usually signals that the market is balanced and ready to move in either direction. As the triangle is being formed, the volume shrinks, and the breakout would be accompanied with great volume which lead the market to the next movement. Refer this for more information: Chart patterns in technical analysis of stocks/equity

Chart patterns in technical analysis of stocks/equity

 

BULLISH PATTERNS:

1. Flag

2. Pennant

3. Cup with handle (Tea cup pattern)

4. Ascending triangle

5. Symmetrical triangle

6. Measured move up

7. Ascending scallop

8. Three rising valleys

BEARISH PATTERNS:

1. Flag

2. Pennant

3. Inverted cup with handle (inverted tea cup pattern)

4. Descending triangle

5. Symmetrical triangle

6. Measured move down

7. Descending Scallop

8. Three descending peaks

REVERSAL PATTERNS:

1. Double Bottoms ("W" pattern)

2. Diamond Bottoms

3. Rectangle Tops

4. Head and shoulders Top

5. Double Tops (Inverted "W" pattern)

6. Diamond Tops

7. Rectangle Bottoms

8. Head and shoulders Bottoms

 

 

 

Higher high and higher low

 

 

 

Lower Low and Lower High