50 Chart Patterns (Explained Simply)

 

(Divided into Reversal, Continuation, Neutral & Complex patterns)


🔵 A. Bullish Reversal Patterns (Trend turning UP)

1. Double Bottom

Two bottoms at same level → buyers taking control.

2. Triple Bottom

Three bottoms → stronger reversal than double bottom.

3. Inverse Head and Shoulders

Middle low is deepest → signals strong reversal upward.

4. Rounding Bottom

Price curves slowly upwards → long-term reversal.

5. Cup and Handle

Cup formation + small dip (handle) → powerful breakout.

6. Falling Wedge

Price squeezes downward → breakout up expected.

7. Bullish Engulfing

Large green candle eats previous red candle → buyers entering.

8. Morning Star

Three-candle pattern showing bottoming out.

9. Hammer

Long lower wick → sellers failed → buyers strong.

10. Piercing Pattern

Bullish candle opens below previous low but closes above half-point.


🔴 B. Bearish Reversal Patterns (Trend turning DOWN)

11. Double Top

Two peaks → trend weak → reversal down.

12. Triple Top

Three peaks → stronger reversal.

13. Head and Shoulders

Three peaks, middle highest → downtrend starts.

14. Rounding Top

Price curves downward → slow reversal.

15. Rising Wedge

Price squeezes upward → breakdown expected.

16. Bearish Engulfing

Big red candle covers previous green → sellers strong.

17. Evening Star

Three-candle pattern showing top-out.

18. Shooting Star

Long upper wick → buyers failed → sellers coming.

19. Dark Cloud Cover

Bearish candle opens above previous high but closes deep below halfway.

20. Hanging Man

Looks like hammer but at top → weakness.


🟢 C. Bullish Continuation Patterns (Trend stays UP)

21. Ascending Triangle

Flat top + higher lows → breakout upward.

22. Bull Flag

Small downward channel after a big rise → continuation.

23. Bull Pennant

Small consolidation before next big push.

24. Rising Channel

Price moves up between parallel lines → steady uptrend.

25. Bullish Rectangle

Sideways range in uptrend → breakout likely up.

26. ABCD Bullish Pattern

Measured move up → small correction → next leg up.

27. Measured Move Up

Three-step stair-like upward movement.

28. Cup (without handle)

Smooth U-shape → continuation up.


🔻 D. Bearish Continuation Patterns (Trend stays DOWN)

29. Descending Triangle

Flat bottom + lower highs → breakdown likely.

30. Bear Flag

Small upward channel in downtrend → continuation down.

31. Bear Pennant

Small consolidation → down move continuation.

32. Falling Channel

Price moves down between parallel lines → steady downtrend.

33. Bearish Rectangle

Range-bound pause in downtrend → fall continues.

34. ABCD Bearish Pattern

Move down → retracement → next leg down.

35. Measured Move Down

Three-step stair-like downward movement.

36. Broadening Bottom (Bearish)

Increasing range → breakout downward.


🟡 E. Neutral / Indecision Patterns

37. Symmetrical Triangle

Price squeezes → big move coming (either direction).

38. Diamond Pattern

Widening then narrowing → breakout either way.

39. Rectangle Pattern

Sideways movement → trend decides later.

40. Broadening Triangle

Volatility increases → eventual strong breakout.

41. Cup and No Handle

U-shaped consolidation → direction depends on breakout.

42. Megaphone / Broadening Pattern

Higher highs + lower lows → high volatility, unpredictable until breakout.


🟣 F. Complex & Rare Patterns

43. Wolfe Waves

Five-wave pattern predicting precise reversal points.

44. Harmonic Patterns

Predictive advanced reversal patterns:

  • Gartley
  • Bat
  • Crab
  • Butterfly

    45. Elliot Wave Pattern

    Market moves in predictable wave cycles.

    46. Head and Shoulders Complex

    Multiple shoulders → stronger reversal.

    47. Adam & Eve Pattern

    Sharp V (Adam) + rounded U (Eve) → reversal (can be top or bottom).

    48. Island Reversal

    Price gaps on both sides → sudden change in trend.

    49. Three Drives Pattern

    Three consecutive peaks or bottoms → reversal.

    50. Darvas Box

    Boxes drawn around price → breakout indicates strong move.



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