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Technical Analysis Tools— Chart Patterns
Chart patterns are formations that appear in price charts that create some type of recognizable shape.
Categories: reversal patterns and continuation patterns.
241Technical Analysis Tools— Trend:line,draw a line connecting the highs of the price chart.:price.[PracticeLtd.Change
345Technical Analysis Tools— Reversal Patterns:Doublethe price is expected to appreciate above the peak between the two bottoms by at least the distance from the valley lows to the peak.
391Technical Analysis Tools— Continuation Patterns:Triangle:symmetrical triangles:FlagsFlagA pennant is a short-term formation whereas a triangle is a long-term formation.flag or pennant.
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