What Does It Take to Be a Successful Trader Today?

By Daniel J. Zanger Every year when preparing for the annual ChartPattern.com stock trading conference, I have a chance to look back on which trades worked best over the past year and what trends are emerging for the year ahead. Designed for serious traders, the conference gives attendees the opportunity to hear first-hand what I … Read more

Two Patterns You Never Heard of: Throwbacks and Pullbacks

By Thomas N. Bulkowski Throwbacks and pullbacks are not new to securities, but if you don’t understand how price behaves, a losing trade may result. Figure 1 shows an example of a throwback. Price forms a symmetrical triangle by bumping up against overhead resistance highlighted by a down-sloping trendline and finds support along the bottom … Read more

Ascending Triangle

The ascending triangle is a bullish chart pattern. The triangle is formed by two converging trendlines, where the lower line is rising and the upper line is flat. The price breaking through the horizontal resistance level depicted by the flat trendline is considered a buy signal.

Ascending Trend Channel

A channel formed using two parallel, upward trendlines as the borders. The upper trendline connects chart highs, the lower trendline connects the chart lows.

Area Pattern

A price movement pattern that follows an interupted upward or downward move in a stock or commodity. These patterns, including Head and Shoulders, Triangles, Pennants, Flags, Wedges, and Broadening Formations, have predictive value.