Classic Patterns

Classic is a term used to refer to a group of patterns that typically have a longer-term horizon (greater than 12 days) and which have distinct price swings such that the price swings form distinctive patterns. The names of classic patterns often reflect the shape of the formation such as the Double Top, Double Bottom, Head and Shoulders Top, Ascending Triangle and so on.

Classic Bullish Patterns:

• Ascending Continuation Triangle
• Bottom Triangle
• Continuation Diamond (Bullish)
• Continuation Wedge (Bullish)
• Diamond Bottom
• Double Bottom
• Flag (Bullish)
• Head and Shoulders Bottom
• Megaphone Bottom
• Pennant (Bullish)
• Rounded Bottom
• Symmetrical Continuation Triangle (Bullish)
• Triple Bottom
• Upside Breakout

Classic Bearish Patterns:

• Continuation Diamond (Bearish)
• Continuation Wedge (Bearish)
• Descending Continuation Triangle
• Diamond Top
• Double Top
• Downside Breakout
• Flag (Bearish)
• Head and Shoulders Top
• Megaphone Top
• Pennant (Bearish)
• Rounded Top
• Symmetrical Continuation Triangle (Bearish)
• Top Triangle
• Triple Top