This article has been translated from English to Gen Z Slang.
No cap, like we promised, here’s a sick little cheat sheet to help ya remember all those chart patterns and what they're tryna tell ya.
We’ve put down the basic classic chart patterns, when they pop up, what kinda vibe they’re giving, and what the next potential price move might be. Bet.
Peep this!
| Chart Pattern | Forms During | Type of Signal | Next Move |
|---|---|---|---|
| Double Top | Uptrend | Reversal | Down |
| Double Bottom | Downtrend | Reversal | Up |
| Head and Shoulders | Uptrend | Reversal | Down |
| Inverse Head and Shoulders | Downtrend | Reversal | Up |
| Rising Wedge | Downtrend | Continuation | Down |
| Rising Wedge | Uptrend | Reversal | Down |
| Falling Wedge | Uptrend | Continuation | Up |
| Falling Wedge | Downtrend | Reversal | Up |
| Bearish Rectangle | Downtrend | Continuation | Down |
| Bullish Rectangle | Uptrend | Continuation | Up |
| Bearish Pennant | Downtrend | Continuation | Down |
| Bullish Pennant | Uptrend | Continuation | Up |
You never know when you’re gonna need to cheat, lol! Bookmark this thing fam!
And as you probably peeped, we didn’t throw in the triangle formations (symmetrical, ascending, and descending) in this cheat sheet.
That’s ‘cause these chart patterns can drop either in an uptrend or downtrend, and can vibe either a trend continuation or reversal.Confusing I know, but that's where practice and experience level up your game!
Like we said, it’s mad tough to see where the price finna break out or reverse.
So what’s crucial is preppin’ well and having your entry/exit orders ready so you can get in on the action no matter what!
