Screenshot this one.
Double topBearish reversal · break the neckline
Double bottomBullish reversal · break the neckline
Head & shouldersBearish reversal · neckline break
Inverse H&SBullish reversal · neckline break
Rising wedgeUsually bearish · break lower line
Falling wedgeUsually bullish · break upper line
RectangleContinuation · trade the break
Symmetrical triangleEither way · trade the break
Ascending triangleUsually bullish
Descending triangleUsually bearish
Flag / pennantContinuation after a strong pole
Cup & handleBullish continuation over the rim
Rules that apply to every pattern
- Wait for the break: a pattern isn't confirmed until price closes beyond its trigger line.
- Measure the target: pattern height, projected from the breakout.
- Stop on the other side: if price goes back inside, the pattern failed.
- Respect the bigger trend: patterns in the trend's direction work best.
Wick says
Patterns are the market's body language. Once you see them, you can't unsee them. Check the full pattern library any time.
Key takeaways
- Reversal: double top/bottom, H&S, wedges.
- Continuation: rectangles, triangles, flags, cups.
- Break, measure, stop, respect the trend.