A Rounding Bottom, also known as a saucer, is a U-shaped bottom reversal pattern. The dip is rounded with a flat bottom. Click on this post for more information and a visual representation!
The pennant resembles the symmetrical triangle, but it’s characteristics are not the same. The pennants is shaped like a wedge of consolidation and normally appears after a sudden upward or downward movement.
The descending flag shows as a continuation pattern. The flag is built by two straight downward parallel lines which is shaped like a rectangle. It is oriented in the direction of that trend which it consolidates. Contrary to a bearish channel, this pattern is quite short term and shows the fact that buyers will need a break. Click on this post to learn more!
A bullish channel is called a continuation trend pattern. The bullish channel is assembled by two parallel lines that frame the upward price trend. Click on this article to learn more!
Click on this post to read about the Triple Top, which is a bearish pattern with an MN shape.
Reverse head and shoulders is a trend reversal pattern that marks a desire to make a bullish reversal. The theory is the same as a triple bottom other than the second bottom will be lower than the others, which are technically at the same height. Click on this post for more information.
The double top is a bearish pattern shaped like an M. Two tops must succeed, imaging an important resistance. This marks a reversal. Read this article for more information.
A reversal pattern is called a diamond bottoms. This pattern is formulated by two juxtaposed symmetrical triangles and it is shaped like a diamond.
A falling wedge is a bullish reversal pattern made by two converging downward slants. To prove a falling wedge, there has to be oscillation between the two lines. Each of the lines must be touched at least twice for validation.
A Rising Wedge is a bearish reversal pattern formed by two assembled upward slants. Read this post to learn more.