Stock chart patterns can provide an edge via an increased probability of an outcome occurring, but they are not perfect and can be interpreted differently. For example, one trader witnessing a ...

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market ...

For example, an uptrend supported by enthusiasm ... in the form of a short pullback that resembles a flag or pennant chart pattern. Once the handle is complete, the stock may breakout to new ...

The pattern typically marks the end of a downtrend ... continue on if the stock breaks out above the pennant. In the chart example above, an example of a failed breakdown, or a bear trap is ...

The example below highlights how utilising a wedge pattern within a clearly defined uptrend or downtrend can bring about significant subsequent trend continuation moves. On the right of the chart, we ...

This sequence — green candle, doji, red candle — is a classic Evening Star pattern, signaling a potential downtrend. Use 5-minute or 15-minute charts to spot rapid shifts. Look for short-term ...

Sometimes a stock starts to consolidate in an extremely choppy fashion, then tightens up and produces an acceptable chart pattern. Former leader Research In Motion (RIMM) provided a good example ...

For example, shifts in investor sentiment often manifest as a particular pattern in a stock’s chart, such as a head-and-shoulders formation. The head-and-shoulders formation doesn’t have ...

Bitcoin (BTC) price broke out from a descending trendline pattern after forming a local bottom at $100,300 on June 6, and now ...

What’s what has been forming for the last two years on that currency cross is called the ‘head and shoulders’ pattern, typically viewed as a bearish sign. But in this case the chart ...