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:
“For the man who should loose me is dead,
Fighting with the Duke in Flanders,
In a pattern called a war.
Christ! What are patterns for?”
—Amy Lowell (1874–1925)
“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)
“Persons grouped around a fire or candle for warmth or light are less able to pursue independent thoughts, or even tasks, than people supplied with electric light. In the same way, the social and educational patterns latent in automation are those of self- employment and artistic autonomy.”
—Marshall McLuhan (1911–1980)