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written by http://www.forexabode.com/forex-school/watch-out-for-patterns/chart-patterns-reference-guide/
Pattern
|
Current Trend |
Kind of signal
|
Likely move, post-pattern |
Double Tops
|
|
Bearish Reversal |
|
Double Bottom
|
|
Bullish Reversal |
|
Head and Shoulder
|
|
Bearish Reversal |
|
Inverted Head & Shoulder
|
|
Bullish Reversal |
|
Rising Wedge
|
|
Bearish Continuation |
|
Rising Wedge
|
|
Bearish Reversal |
|
Falling Wedge
|
|
Bullish Continuation |
|
Falling Wedge
|
|
Bullish Reversal |
|
Rectangle
|
|
Bearish Continuation |
|
Rectangle
|
|
Bullish Continuation |
|
Pennant
|
|
Bearish Continuation |
|
Pennant
|
|
Bullish Continuation |
|
On triangles anything is possible; hence they’re not included above. |
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