Types of chart patternsĬhart patterns are categorized into two primary types based on the trend direction. Traders use these repetitive patterns to forecast the market.Ĭhart patterns are made up of price waves or swings on the candlestick chart, such as head and shoulder, double top, and triple top patterns. These patterns repeat with time due to natural phenomena. What are chart patterns?Ĭhart patterns are the natural price patterns that resemble the shape of natural objects like triangle patterns, wedge patterns, etc. At the end of the article, you will get a chart patterns PDF download link for backtesting purposes. You can also learn the chart patterns with trading strategy by pressing the learn more button. In this article, you will get a short description of each chart pattern.
Retail traders widely use chart patterns to forecast the price using technical analysis. Twenty-four chart patterns have been discussed in this post.
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