Patterns
Examples of "classical" chart patterns as popularized by Edwards and Magee and used widely by traders and investors include:
- Head and shoulders
- Trend lines
- Cup and handle
- Double top and double bottom
- Triple top and triple bottom
- Broadening top
- Price channels
- Wedge pattern
- Triangle (technical analysis)
- Flag and pennant patterns
Read more about this topic: Chart Pattern
Famous quotes containing the word patterns:
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—Anne Cassidy (20th century)
“The ninety percent of human experience that does not fit into established narrative patterns falls into oblivion.”
—Mason Cooley (b. 1927)
“Phenomenal nature shadows him wherever he goes. Clouds in the staring sky transmit to one another, by means of slow signs, incredibly detailed information regarding him. His inmost thoughts are discussed at nightfall, in manual alphabet, by darkly gesticulating trees. Pebbles or stains or sunflecks form patterns representing in some awful way messages which he must intercept. Everything is a cipher and of everything he is the theme.”
—Vladimir Nabokov (1899–1977)