Trading Classic Chart Patterns Sheets
Candlestick Chart Patterns Sheets

The stock market has many different chart patterns that traders use to identify potential opportunities for buying or selling stocks. Here are some of the most common chart patterns:

Head and Shoulders: This pattern looks like a head with two shoulders on either side. It is a bearish reversal pattern that suggests the stock price may soon decline.

Double Top/Bottom: This pattern occurs when the stock price hits the same high or low twice before reversing. A double top is a bearish reversal pattern, while a double bottom is a bullish reversal pattern.

Ascending/Descending Triangle: These patterns are characterized by a horizontal trendline (support or resistance) and a diagonal trendline (resistance or support). An ascending triangle is a bullish continuation pattern, while a descending triangle is a bearish continuation pattern.

Symmetrical Triangle: This pattern is characterized by two converging trendlines that meet at a point. It is a neutral pattern that can result in a breakout in either direction.

Flag/Pennant: These patterns are characterized by a strong price move followed by a period of consolidation. A flag is a rectangular pattern, while a pennant is a triangular pattern. Both are typically continuation patterns.

Wedge: This pattern is characterized by two converging trendlines that are slanted either up or down. It is a bearish or bullish continuation pattern depending on the direction of the trend.

Cup and Handle: This pattern looks like a cup with a handle on the right-hand side. It is a bullish continuation pattern that suggests the stock price may soon rise.

These are just a few of the many chart patterns that traders use to analyze the stock market. It is important to note that chart patterns should not be used in isolation and should be confirmed with other technical indicators and fundamental analysis.

Candlestick Chart Patterns Sheets

Candlestick chart patterns are a popular way to analyze price movements in the stock market. Here are some of the most common candlestick chart patterns:

Doji: A Doji candlestick has a very small body and indicates indecision in the market. It can be a bullish or bearish signal depending on where it appears in the trend.

Hammer/Hanging Man: These are reversal patterns that look like a hammer or hanging man with a long lower shadow and a small body. A hammer indicates a potential bullish reversal, while a hanging man indicates a potential bearish reversal.

Shooting Star/Inverted Hammer: These are reversal patterns that look like a shooting star or inverted hammer with a long upper shadow and a small body. A shooting star indicates a potential bearish reversal, while an inverted hammer indicates a potential bullish reversal.

Engulfing: This pattern occurs when a larger candlestick completely engulfs the smaller one before it. A bullish engulfing pattern is a potential bullish reversal, while a bearish engulfing pattern is a potential bearish reversal.

Morning Star/Evening Star: These are three-candlestick patterns that indicate a potential reversal. The morning star is a bullish pattern that consists of a long bearish candlestick, a Doji, and a long bullish candlestick. The evening star is a bearish pattern that consists of a long bullish candlestick, a Doji, and a long bearish candlestick.

Three White Soldiers/Three Black Crows: These are three-candlestick patterns that indicate a potential reversal. Three white soldiers are a bullish pattern that consists of three long bullish candlesticks. Three black crows are a bearish pattern that consists of three long bearish candlesticks.

Spinning Top: A spinning top candlestick has a small body and long upper and lower shadows. It indicates indecision in the market and can be a bullish or bearish signal depending on where it appears in the trend.

These are just a few of the many candlestick chart patterns that traders use to analyze the stock market. It is important to note that candlestick patterns should not be used in isolation and should be confirmed with other technical indicators and fundamental analysis.