Reversal Patterns
1. Head and Shoulders
Three peaks with the middle peak highest. A neckline breakdown signals a bearish reversal. It is the best-known reversal pattern.
2. Inverse Head and Shoulders
Three troughs with the middle trough lowest. A neckline breakout signals a bullish reversal.
3. Double Top
An M-shaped pattern with two similar highs followed by a decline. It marks a possible end to an uptrend.
4. Double Bottom
A W-shaped pattern with two similar lows followed by a rise. It marks a possible end to a downtrend.
Continuation Patterns
5. Ascending Triangle
Horizontal resistance and rising support. A resistance breakout suggests a rise.
6. Descending Triangle
Horizontal support and falling resistance. A support breakdown suggests a decline.
7. Symmetrical Triangle
Converging support and resistance. A large move can follow in the breakout direction.
8. Flag
A strong rise or fall followed by a small counter-trend correction. A trend-continuation signal.
9. Wedge
A rising or falling wedge. Price tends to break opposite to the wedge's direction.
10. Cup and Handle
A U-shaped bottom followed by a small correction, the handle. A strong bullish pattern.
📊 Core Rules
• Confirm a pattern after a breakout or breakdown
• Accompanying volume increases confidence
• Larger timeframes generally offer greater accuracy
• Do not expect accuracy above 80%
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