Types Of Chart Patterns
Triangle Pattern
The triangle pattern is considered to be a continuation chart pattern which means that the prior trend will continue after the formation of this chart pattern.
Flag Pattern
A flag pattern is a continuation pattern that shows candlesticks contained in a small parallelogram. It is an area of consolidation which shows a counter-trend move that follows after a sharp price movement.
Channel Pattern
A channel chart pattern is characterized as the formation of two parallel lines which act as the zones of support and resistance.
Know Why To Use Chart Pattern
Why every trader should know Chart Patterns?
Stocks through Chart patterns predict breakout growth or decline based on supply and demand.
Learn from Vivek-Bajaj who has 17+ years of experience in the Market on why every Trader should know Chart patterns.
Why StockEdge Chart Patterns
- Know Clear Actionables Get patterns auto-recognized and color-shaded to give a clear indication of nature (Green is Bullish, Red is Bearish, Purple is Neutral).
- Trade only on recent patterns As long as stock can follow price trends based on a Pattern it is marked recent, else it is moved in the past.
- Test Algorithm's Past Performance All the stocks that were identified in the past by the algorithm and the price trend after recognition are available in the past section.
Frequently Asked Questions
Additional Resources
