Long-Term Patterns

• Chart Patterns
  Chart Patterns are formed by support and resistance levels and by trend lines.
• Cup and Handle
  The cup and handle is a longer term continuation pattern, similar to an ascending triangle.
• Double Bottoms
  Double Bottom Patterns are useful reversal patterns in a downtrend. They are identified by measuring from the lowest trough to the level of the intervening peak.
• Double Tops
  Double tops are useful reversal patterns in an uptrend, identified by two peaks of similar height, followed by a break below the intervening trough.
• Head & Shoulders
  A powerful reversal signal, the head and shoulders pattern is completed by a lower peak followed by a break below the neckline.
• Support & Resistance
  Support and resistance are the foundation stone of all technical analysis.
• Trading Ranges
  Trading Ranges are formed by support and resistance lines in close proximity. Price fluctuates in a narrow band with no clear trend.
• Triangles & Wedges
  Triangles and wedges can be powerful continuation or reversal patterns, depending on their shape.
• Triple Tops
  Triple tops are similar to double tops and comprise three peaks of similar height.