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.
Tag Archives | Chart Patterns
Head and Shoulders Pattern In technical analysis, a chart formation that resembles a human head and shoulders and is generally considered to be predictive of a price reversal. Double Top Pattern A technical analysis term for a chart pattern displaying two prominent peaks, where price has risen to the same price level twice. Double Bottom […]
A reversal chart pattern that occurs when a security gaps up (or down), then trades higher (or lower) that the gap for a while, and then gaps down (or up) below the initial price.
A technical analysis term for a chart pattern displaying two prominent peaks, where price has risen to the same price level twice. This price level is considered to constitute resistance. The opposite of double bottom.