Did you know there are about 100 different types of chart patterns?
They come in different shapes and sizes but they all share something in common : they are a key part of technical analysis and to be able to use them you first need to recognize them.
Below you’ll find the ultimate database with every single chart pattern. You’ll find detailed articles for each going into detailed explanation, giving you examples and data for each pattern. No more doubt about what makes a specific pattern and how well it works.
Moreover, this extensive cheat sheet will definitely give you an edge and let you understand and recognize every pattern. Plus at PatternsWizard, our absolute focus is to bring you data-driven performance statistics. So for most patterns (articles below) you’ll find data about each pattern’s performance statistics and reliability (how often they confirm, reach the target or stop, how often they appear, …) to adjust your trading strategy of financial markets.
Chart patterns are unique formations formed by changes in the price of securities on the price chart. They are the basis of technical analysis.
There are several types of patterns: classic patterns, candlestick patterns and harmonic patterns. As a result, each type has its own specificities. Identify patterns by lines that connect common price points (such as closing prices or high or low points) within a specific time period.
Technical analysts and chart experts seek to identify patterns to predict the future direction of security prices. These patterns can be as simple as a trend line or as complex as a double head and shoulders pattern.
There are three main categories that classify the chart patterns:
Each of these patterns have very strict requirements. To help you easily get your hands on each pattern we detailed them in their own article with everything you should know.
Of course, you can use these patterns in conjunction together, with other indicators or locations (resistance levels or resistance lines) to enhance your hints about future price movements before you take a trade.
Depending on the pattern (each pattern can tell a different story), they can be a hint for :
Regardless of the pattern(s) you’d like to hunt and trade, you’ll need a reliable source to chart your markets. TradingView is the best solution for you! As you may have noticed, most of our charts on the site are taken from charts created on TradingView. Click here to check TradingView for free now!
Want to go into the details of a specific pattern? You’re at the right place!
These patterns often have very imaginative names. Feel free to discover the detailed article for each chart pattern right below :
The Parabolic curve pattern is a curved trend line looking like an arc, or an elliptical shape. It appears when price accelerate its rise. The more it rises, the quicker it rises. This growth is often not sustainable so price often dumps when it breaks the parabolic curve. The Parabolic Curve is one of the […]
The Long Line candlestick pattern is a 1-bar pattern. It simply consists of a long body candle. It can be bearish or bullish. What is a long line candle? Candlesticks provide different visual hints on the trading charts for a better and easy understanding of the price action. The candlestick chart patterns are a great […]
The channel pattern is a technical analysis pattern that capitalizes on the trending tendencies of the market. It is also known as price channel. This pattern appears in the market when price oscillates between two lines with the same slope. It can be a rising channel or a falling channel. If you’re wondering where to […]
The Flag pattern is a continuation pattern. Its formation is a strong sign of consolidation (price stops to trend for a while to build back momentum). It is identifiable with 3 components: the flagpole, the flag (the consolidation part) and the continuation. The flag pattern is a powerful pattern used in technical analysis. It is […]
The Alternate Bat pattern is popular for incorporating the 1.13XA retracement. Firstly, an important factor is the B point retracement that must be 0.382 retracements or it must be less of the XA leg. Furthermore, it only utilizes a 2 or more BC projections. The AB = CD pattern within the alternate bat pattern always […]
The stalled candlestick pattern is a three-bar pattern that predicts an upcoming reversal of the trend in the market. Although it is usually a bearish reversal pattern, yet there are strong possibilities that a bullish variant of the stalled pattern may also appear during a downtrend in the market. The stalled candlestick pattern is a […]
The modified Hikkake candlestick pattern is the more specific and upgraded version of the basic Hikkake pattern. The difference with the normal pattern is that the “context bar” is used prior to the inside price bar. It consists of a context bar, an inside bar, a fake move, followed by a move above or below […]
The Short Line candlestick pattern is a 1-bar very simple to understand pattern. It simply consists in a candle with a short body. There are various kind of specific variations of the short line pattern (doji, hammer, hanging man, shooting star). Let’s go in-depth about what the short line candlestick pattern is. What is a […]
High wave is a 1-bar candlestick pattern that has very long upper and lower shadows and a small real body. It shows indecision in the market. Statistics to prove if the High Wave pattern really works A lot of candlestick traders don’t fully realize that each candlestick pattern tells a story about the market. This […]
A stick sandwich is a 3-bar pattern. The closing prices of the two candlesticks that surround the opposite colored candlestick have to be the same. Statistics to prove if the Stick Sandwich pattern really works What is the Stick Sandwich candlestick pattern? A stick sandwich is a technical trading candlestick pattern where three candlesticks appear […]
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"All you need is one pattern to make a living."
- Linda Raschke
