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50 Chart Patterns (Explained Simply)

(Divided into Reversal, Continuation, Neutral & Complex patterns)


πŸ”΅Β A. Bullish Reversal Patterns (Trend turning UP)

1. Double Bottom

Two bottoms at same level β†’ buyers taking control.

2. Triple Bottom

Three bottoms β†’ stronger reversal than double bottom.

3. Inverse Head and Shoulders

Middle low is deepest β†’ signals strong reversal upward.

4. Rounding Bottom

Price curves slowly upwards β†’ long-term reversal.

5. Cup and Handle

Cup formation + small dip (handle) β†’ powerful breakout.

6. Falling Wedge

Price squeezes downward β†’ breakout up expected.

7. Bullish Engulfing

Large green candle eats previous red candle β†’ buyers entering.

8. Morning Star

Three-candle pattern showing bottoming out.

9. Hammer

Long lower wick β†’ sellers failed β†’ buyers strong.

10. Piercing Pattern

Bullish candle opens below previous low but closes above half-point.


πŸ”΄Β B. Bearish Reversal Patterns (Trend turning DOWN)

11. Double Top

Two peaks β†’ trend weak β†’ reversal down.

12. Triple Top

Three peaks β†’ stronger reversal.

13. Head and Shoulders

Three peaks, middle highest β†’ downtrend starts.

14. Rounding Top

Price curves downward β†’ slow reversal.

15. Rising Wedge

Price squeezes upward β†’ breakdown expected.

16. Bearish Engulfing

Big red candle covers previous green β†’ sellers strong.

17. Evening Star

Three-candle pattern showing top-out.

18. Shooting Star

Long upper wick β†’ buyers failed β†’ sellers coming.

19. Dark Cloud Cover

Bearish candle opens above previous high but closes deep below halfway.

20. Hanging Man

Looks like hammer but at top β†’ weakness.


🟒 C. Bullish Continuation Patterns (Trend stays UP)

21. Ascending Triangle

Flat top + higher lows β†’ breakout upward.

22. Bull Flag

Small downward channel after a big rise β†’ continuation.

23. Bull Pennant

Small consolidation before next big push.

24. Rising Channel

Price moves up between parallel lines β†’ steady uptrend.

25. Bullish Rectangle

Sideways range in uptrend β†’ breakout likely up.

26. ABCD Bullish Pattern

Measured move up β†’ small correction β†’ next leg up.

27. Measured Move Up

Three-step stair-like upward movement.

28. Cup (without handle)

Smooth U-shape β†’ continuation up.


πŸ”»Β D. Bearish Continuation Patterns (Trend stays DOWN)

29. Descending Triangle

Flat bottom + lower highs β†’ breakdown likely.

30. Bear Flag

Small upward channel in downtrend β†’ continuation down.

31. Bear Pennant

Small consolidation β†’ down move continuation.

32. Falling Channel

Price moves down between parallel lines β†’ steady downtrend.

33. Bearish Rectangle

Range-bound pause in downtrend β†’ fall continues.

34. ABCD Bearish Pattern

Move down β†’ retracement β†’ next leg down.

35. Measured Move Down

Three-step stair-like downward movement.

36. Broadening Bottom (Bearish)

Increasing range β†’ breakout downward.


🟑 E. Neutral / Indecision Patterns

37. Symmetrical Triangle

Price squeezes β†’ big move coming (either direction).

38. Diamond Pattern

Widening then narrowing β†’ breakout either way.

39. Rectangle Pattern

Sideways movement β†’ trend decides later.

40. Broadening Triangle

Volatility increases β†’ eventual strong breakout.

41. Cup and No Handle

U-shaped consolidation β†’ direction depends on breakout.

42. Megaphone / Broadening Pattern

Higher highs + lower lows β†’ high volatility, unpredictable until breakout.


🟣 F. Complex & Rare Patterns

43. Wolfe Waves

Five-wave pattern predicting precise reversal points.

44. Harmonic Patterns

Predictive advanced reversal patterns:

  • Gartley
  • Bat
  • Crab
  • Butterfly

45. Elliot Wave Pattern

Market moves in predictable wave cycles.

46. Head and Shoulders Complex

Multiple shoulders β†’ stronger reversal.

47. Adam & Eve Pattern

Sharp V (Adam) + rounded U (Eve) β†’ reversal (can be top or bottom).

48. Island Reversal

Price gaps on both sides β†’ sudden change in trend.

49. Three Drives Pattern

Three consecutive peaks or bottoms β†’ reversal.

50. Darvas Box

Boxes drawn around price β†’ breakout indicates strong move.

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