Forex Chart Patterns

  • Chart Patterns: Doji

    A doji is a candlestick with a closing price very near to its opening price. It is unique to other candlesticks because its body is very small or nonexistent.

  • Chart Patterns: Triple Tops And Triple Bottoms

    The easily identifiable double-top and head-and-shoulders chart formations are well known patterns for trying to predict trend reversals. Another reversal pattern that shows similar characteristics is the triple-top, triple-bottom formation. This formation can be understood as a variation on double tops and head and shoulders that presents some of the same telltale signals as those other patterns. Whereas double tops and double bottoms make familiar M and W formations on…

  • Chart Patterns: Wedges

    A pattern that is similar in shape to the triangle, but with some special differences, is the wedge. Like the triangle, the wedge is characterised by converging price lines and falling volume. But where it differs is how the wedge can often signal an impending reversal of the price trend in effect. Wedge patterns occur in two varieties, the rising wedge and the falling wedge. Wedge Or Triangle: What's The…

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