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Forex Patterns. Cheat Sheet on Chart Patterns
Cheat Sheet for Key Technical Analysis Patterns
Created exclusively for Ronin Academy users! This table provides key characteristics of all the major patterns we’ve discussed. Bookmark this page to always have valuable market analysis data at your fingertips.
|
Pattern |
Trend |
Signal Type |
Price Movement |
Description |
|---|---|---|---|---|
|
Double Top |
Uptrend |
Reversal |
⬇ Down |
Forms at the peak of an uptrend, signaling a potential price decline. |
|
Double Bottom |
Downtrend |
Reversal |
⬆ Up |
Indicates the end of a downtrend and the start of a price increase. |
|
Head and Shoulders |
Uptrend |
Reversal |
⬇ Down |
A complex pattern indicating a trend reversal to the downside. |
|
Inverse Head and Shoulders |
Downtrend |
Reversal |
⬆ Up |
Signals a reversal of a downtrend into an uptrend. |
|
Rising Wedge |
Downtrend |
Continuation |
⬇ Down |
Suggests a continuation of the downtrend after a short correction. |
|
Rising Wedge |
Uptrend |
Reversal |
⬇ Down |
Indicates a reversal of the uptrend downward. |
|
Falling Wedge |
Uptrend |
Continuation |
⬆ Up |
Suggests a continuation of the uptrend. |
|
Falling Wedge |
Downtrend |
Reversal |
⬆ Up |
Marks the end of a downtrend and potential start of growth. |
|
Bullish Flag |
Uptrend |
Continuation |
⬆ Up |
A brief correction before the continuation of an uptrend. |
|
Bearish Flag |
Downtrend |
Continuation |
⬇ Down |
A brief correction before the continuation of a downtrend. |
|
Bullish Rectangle |
Uptrend |
Continuation |
⬆ Up |
Price consolidates sideways, followed by a breakout in the trend’s direction. |
|
Bearish Rectangle |
Downtrend |
Continuation |
⬇ Down |
Price consolidates sideways, followed by a breakout in the trend’s direction. |
How to Use This Cheat Sheet?
1.Identify the current trend: Determine the market trend before searching for patterns.
2.Look for signals: Use the cheat sheet to find the right pattern.
3.Apply further analysis: Confirm the pattern using additional indicators (RSI, MACD, etc.).
4.Test the strategy: Validate the pattern’s performance on historical data before trading.
Why Should You Bookmark This Cheat Sheet?
This table:
•Speeds up your market analysis process.
•Helps you make quick decisions.
•Is suitable for all markets (Forex, stocks, cryptocurrencies).
📌 Tip: Press Ctrl+D or Cmd+D to bookmark this page. With this cheat sheet, you’ll always be ready for successful market analysis!
Wishing you success in trading, Ronin Academy Team!