Forex Chart Patterns

Bear Flag Forex Chart Pattern

Details: Written by Danny Jenz

Bear flags are continuation chart patterns found within a downtrend. They are formed after a steep price decline by two tight parallel upward sloping trend lines in a near 35-45 degree angle. The pattern is confirmed on a downward breakout of the bear flag.

Bull Flag Forex Chart Pattern

Details: Written by Danny Jenz

Bull flags are continuation chart patterns found within an up trending market. They are formed after a steep price advance by two tight parallel down sloping trend lines in a near 35-45 degree angle. The pattern is confirmed on a upward breakout of the bull flag.

Elliott Wave Forex Chart Pattern

Details: Written by Todd Grimn

The Elliott Wave up trend in forex trading consists of five waves or swings. Waves 1, 3 and 5 are considered impulse (trend) and waves 2 and 4 are corrective(counter trend) waves.

Forex Triple Bottom Chart Pattern

Details: Written by Jef De Wilde

The triple bottom is the opposite of the triple top and is a rare top reversal pattern, which is usually found in down trends.

Forex Triple Top Chart Pattern

Details: Written by Jef De Wilde

The triple top is a rare top reversal pattern and is usually found in up trends. The trading pattern is characterized by three tops that are almost equal in height and a trendline (support) connecting the lows in the triple top.

Forex Inverse Head and Shoulders Chart Pattern

Details: Written by Jef De Wilde

The Inverse Head and Shoulders pattern is the opposite of the Head and Shoulders pattern and is considered to be a major reversal chart pattern in a strong down trending market.

Forex Head and Shoulders Chart Pattern

Details: Written by Jef De Wilde

A Head and Shoulders pattern is considered to be a major reversal chart pattern in a strong up trending currency market. The trading pattern is formed by three tops (left shoulder, head and right shoulder) and a neckline connecting the temporary lows.

Forex Double Bottom Chart Pattern

Details: Written by Jef De Wilde

The double bottom is the opposite of the double top and is considered to be a major reversal chart pattern after a strong down trending market.

Forex Double Top Chart Pattern

Details: Written by Jef De Wilde

The double top is considered to be a major reversal chart pattern after a strong up trending market. The trading pattern is formed by two tops that are almost similar in height with a neckline (temporary low) in between.

Forex Falling Wedge Chart Pattern

Details: Written by Jef De Wilde

The falling wedge is similar to the rising wedge and is considered to be a bullish continuation chart pattern in a up trending market or a reversal pattern in down trending market.