Chart Pattern Analysis
The following chart patterns are regarded as intrinsically bullish patterns ir-
respective of their locations on the chart:■ (^) Inverted head and shoulders patterns
■ (^) Falling wedges
■ (^) Ascending triangles
■ (^) Bullish flags and pennants
■ (^) Double/triple/multiple Bottoms
The following chart patterns are regarded as intrinsically bearish patterns ir-
respective of their locations on the chart:
■ (^) Standard head and shoulders patterns
■ (^) Rising wedges
■ (^) Descending triangles
■ (^) Bearish flags and pennants
■ (^) Double/triple/multiple Tops
The following chart patterns are regarded as bearish reversal chart patterns:
■ (^) Broadening formations in uptrends
■ (^) Standard head and shoulders in uptrends
■ (^) Island formations in uptrends
■ (^) Rounding tops in uptrends
■ (^) Diamond formations in uptrends
■ (^) Rising wedges in uptrends
■ (^) Double/triple/multiple tops
■ (^) Descending triangles in uptrends
■ (^) V tops
The following chart patterns are regarded as bullish reversal chart patterns:
■ (^) Broadening formations in downtrends
■ (^) Inverted head and shoulders in downtrends
■ (^) Island formations in downtrends
■ (^) Cup and handles in downtrends
■ (^) Rounding bottoms in downtrends
■ (^) Diamond formations in downtrends
■ (^) Falling wedges in downtrends
■ (^) Double/triple/multiple bottoms
■ (^) Ascending triangles in downtrends
■ (^) V bottoms
The following chart patterns, although regarded as intrinsically neutral, are
nevertheless regarded as reversal chart patterns: