8 Most Successful Chart Patterns

In technical terms, a chart pattern is a recognisable structure in a price chart that can be used to predict future price movement based on current and prior data. Technical analysis relies heavily on spotting and reacting to recurring patterns in chart data, which demands a thorough understanding of both the data and the patterns themselves.

Here are the 8 most profitable chart patterns every trader needs to know

1. Double Top Pattern

double top

2. Double Bottom Pattern

double bottom

3. Falling Wedge Pattern

falling wedge

4. Rising Wedge Pattern

rising wedge

5. Ascending Triangle Pattern

ascending triangle

6. Descending Triangle Pattern

descending triangle

7. Head & Shoulders Pattern

head and shoulders

8. Inverse Head and Shoulders Pattern

Inverse head and shoulders