Pattern Library
Educational reference for common forex chart structures
Educational Use Only — This tool performs pattern analysis for educational purposes only. It is not financial advice, not a trade signal service, and does not predict market outcomes. Do not make trading decisions based on this analysis.
Educational Pattern Reference
This library documents common chart patterns used in technical analysis education. Each pattern includes a description, key characteristics, and what to observe — all for learning purposes only. No pattern guarantees a specific market outcome. Context, confirmation, and risk awareness are always essential.
Head and Shoulders
ReversalBearishA three-peak structure where the middle peak (head) is highest, flanked by two lower peaks (shoulders). Signals a possible trend reversal from bullish to bearish.
Inverse Head and Shoulders
ReversalBullishThe mirror image of Head and Shoulders, forming at the bottom of a downtrend. Signals a possible reversal from bearish to bullish.
Double Top
ReversalBearishPrice tests the same resistance area twice and fails both times, potentially signalling exhaustion of the uptrend.
Double Bottom
ReversalBullishPrice tests the same support area twice and holds both times, potentially signalling exhaustion of the downtrend.
Triple Top
ReversalBearishThree failed attempts to break above the same resistance, suggesting supply consistently overcomes demand at that level.
Triple Bottom
ReversalBullishThree failed attempts to break below the same support, suggesting demand consistently overcomes supply.
Rising Wedge (Reversal)
ReversalBearishPrice makes higher highs and higher lows but within converging trendlines that slope upward. In an uptrend, this may signal weakening bullish momentum.
Falling Wedge (Reversal)
ReversalBullishPrice makes lower highs and lower lows within converging trendlines that slope downward. In a downtrend, this may signal weakening bearish momentum.
Quasimodo / Over-Under
ReversalContext-DependentAn advanced structure where price forms a final high (or low), reverses, then fails to make a new low (or high), followed by a push to a new high (or low) that quickly reverses. Used to identify potential institutional zones.
Bull Flag
ContinuationBullishA sharp upward move (flagpole) followed by a brief consolidation that slopes slightly downward. Suggests the prior upward momentum may continue.
Bear Flag
ContinuationBearishA sharp downward move (flagpole) followed by a brief consolidation that slopes slightly upward. Suggests the prior downward momentum may continue.
Bull Pennant
ContinuationBullishSimilar to a bull flag but the consolidation forms a symmetrical triangle (converging trendlines) rather than a rectangular channel.
Bear Pennant
ContinuationBearishSimilar to a bear flag but the consolidation forms a symmetrical triangle after a strong downward move.
Ascending Triangle
ContinuationBullishPrice makes higher lows while testing a flat resistance level repeatedly. Suggests buyers are becoming more aggressive each time.
Descending Triangle
ContinuationBearishPrice makes lower highs while testing a flat support level repeatedly. Suggests sellers are becoming more aggressive each time.
Cup and Handle
ContinuationBullishA rounded bottom (cup) followed by a short consolidation with a slight downward drift (handle). Suggests gradual accumulation before a possible breakout.
Symmetrical Triangle
BilateralNeutralPrice makes lower highs and higher lows, converging into a point. Neither bulls nor bears are clearly in control, so a breakout in either direction is possible.
Broadening Formation / Megaphone
BilateralNeutralThe opposite of a triangle — price makes higher highs and lower lows, with diverging trendlines. Signals increasing volatility and indecision.
Diamond Top / Bottom
BilateralContext-DependentA rare pattern combining a broadening formation and a symmetrical triangle. Often forms at market tops or bottoms and signals potential reversal.