Forex Analyser

Pattern Library

Educational reference for common forex chart structures

Live

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

ReversalBearish

A 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

ReversalBullish

The mirror image of Head and Shoulders, forming at the bottom of a downtrend. Signals a possible reversal from bearish to bullish.

Double Top

ReversalBearish

Price tests the same resistance area twice and fails both times, potentially signalling exhaustion of the uptrend.

Double Bottom

ReversalBullish

Price tests the same support area twice and holds both times, potentially signalling exhaustion of the downtrend.

Triple Top

ReversalBearish

Three failed attempts to break above the same resistance, suggesting supply consistently overcomes demand at that level.

Triple Bottom

ReversalBullish

Three failed attempts to break below the same support, suggesting demand consistently overcomes supply.

Rising Wedge (Reversal)

ReversalBearish

Price 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)

ReversalBullish

Price 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-Dependent

An 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

ContinuationBullish

A sharp upward move (flagpole) followed by a brief consolidation that slopes slightly downward. Suggests the prior upward momentum may continue.

Bear Flag

ContinuationBearish

A sharp downward move (flagpole) followed by a brief consolidation that slopes slightly upward. Suggests the prior downward momentum may continue.

Bull Pennant

ContinuationBullish

Similar to a bull flag but the consolidation forms a symmetrical triangle (converging trendlines) rather than a rectangular channel.

Bear Pennant

ContinuationBearish

Similar to a bear flag but the consolidation forms a symmetrical triangle after a strong downward move.

Ascending Triangle

ContinuationBullish

Price makes higher lows while testing a flat resistance level repeatedly. Suggests buyers are becoming more aggressive each time.

Descending Triangle

ContinuationBearish

Price makes lower highs while testing a flat support level repeatedly. Suggests sellers are becoming more aggressive each time.

Cup and Handle

ContinuationBullish

A rounded bottom (cup) followed by a short consolidation with a slight downward drift (handle). Suggests gradual accumulation before a possible breakout.

Symmetrical Triangle

BilateralNeutral

Price 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

BilateralNeutral

The opposite of a triangle — price makes higher highs and lower lows, with diverging trendlines. Signals increasing volatility and indecision.

Diamond Top / Bottom

BilateralContext-Dependent

A rare pattern combining a broadening formation and a symmetrical triangle. Often forms at market tops or bottoms and signals potential reversal.