Chart pattern: Difference between revisions

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{{Short description|Pattern within a chart when prices are graphed}}

A '''[https://trademint.in/chart-patterns-the-complete-trading-guide/ chart pattern]''' or '''price pattern''' is a [[pattern]] within a [[chart]] when prices are graphed. In stock and [[commodity market]]s trading, chart pattern studies play a large role during [[technical analysis]]. When [[data]] is plotted there is usually a pattern which naturally occurs and repeats over a period. Chart patterns are used as either reversal or continuation signals.

[[File:Triangle-ascending.jpg|thumb|Ascending triangle pattern]]

A '''[https://trademint.in/chart-patterns-the-complete-trading-guide/ chart pattern]''' or '''price pattern''' is a [[pattern]] within a [[chart]] when prices are graphed. In stock and [[commodity market]]s trading, chart pattern studies play a large role during [[technical analysis]]. When [[data]] is plotted there is usually a pattern which naturally occurs and repeats over a period. Chart patterns are used as either reversal or continuation signals.

== Traditional chart pattern ==

Included in this type are the most common patterns <ref>{{Cite web|url=https://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns|title=Chart Patterns|website=StockCharts.com |access-date=2019-05-23}}</ref> which have been introduced to chartists for more than a hundred years. Below is a list of the most commonly used traditional chart patterns:

Reversal Patterns:

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# Triple Top Reversal

# Triple Bottom Reversal

# Rising Channel

# Falling Channel

# Rising Wedge

# Falling Wedge<ref>{{cite web |last1=Rodi |first1=Abhishek |title=Chart Patterns: The Complete Guide to Profitable Trading |url=https://trademint.in/chart-patterns-the-complete-trading-guide/ |website=TradeMint |access-date=December 17, 2023}}</ref>

# Head and Shoulders

# Inverse Head and Shoulders

# Diamond Bottom

# Diamond Top

# Key Reversal Bar<ref>{{Cite web|url=https://financestrategysystem.com/key-reversal-pattern/|title=Key Reversal Bar|website=FinanceStrategySystem|language=en-US|access-date=2018-04-10}}</ref>

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==See also==

* [[Elliot wave]]

* [[List of information graphics software]]

* [[Market trends]]

* [[Price action trading]]