Chart Reading

Chart Pattern Cheat sheet

Chart Patterns in Technical Analysis

How many types of chart patterns are there? There are three main types of chart patterns which are used in technical analysis: traditional chart patterns, harmonic patterns, and candlestick patterns. Traditional Chart Patterns Traditional chart patterns identify the behavior of traders and investors on a chart based on support and resistance trend lines. The purpose of

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Bear Pennant

Image via Colibri Trader Chart Facts: The bear pennant is a continuation chart pattern of the previous downtrend. A pennant pattern is very similar to a flag pattern except a flag is rectangular and descending and a pennant is triangular. A bear pennant chart pattern occurs after a downtrend out of a previous price base.

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