FOREX CHART PATTERNS CHEAT SHEET

Forex chart patterns cheat sheet infographic
Infographic - Forex chart patterns cheat sheet

FOREX CHART PATTERNS CHARACTERISTICS

PATTERN DIRECTION TYPE OCCURENCE COMMON TERM
ascending triangle continuation bullish high all
descending triangle continuation bearish high all
bullish symmetrical triangle continuation bullish high all
bearish symmetrical triangle continuation bearish high all
falling wedge neutral bullish medium all
rising wedge neutral bearish medium all
bullish rectangle continuation bullish high all
bearish rectangle continuation bearish high all
double top reversal bearish high all
double bottom reversal bullish high all
triple top reversal bearish medium all
triple bottom reversal bullish medium all
bullish flag continuation bullish high short - medium
bearish flag continuation bearish high short - medium
bullish pennant continuation bullish high short - medium
bearish pennant continuation bearish high short - medium
head and shoulders reversal bearish low medium - long
inverted head and shoulders reversal bullish low medium - long
cup and handle continuation bullish low medium - long
inverted cup and handle continuation bearish low medium - long

FOREX CHART PATTERNS TAKE PROFIT & STOP LOSS

PATTERN TAKE PROFIT STOP LOSS #1 STOP LOSS #2
ascending triangle pip distance of the first swing, applied from breakout rate border breakout rate last touch to the border opposite to the breakout border
descending triangle
bullish symmetrical triangle
bearish symmetrical triangle
falling wedge
rising wedge
bullish rectangle pip distance between upper and lower borders, applied from breakout rate border breakout rate N/A
bearish rectangle
double top
double bottom
triple top
triple bottom
bullish flag pip distance of the pole, applied from breakout rate flag's lowest low N/A
bearish flag flag's highest high
bullish pennant pennant's lowest low
bearish pennant pennant's highest high
head and shoulders pip distance of the swing between head and right shoulder, applied from breakout rate neckline's breakout rate right shoulder's high
inverted head and shoulders right shoulder's low
cup and handle pip distance from cup's peak to the rate connecting the cup to its handle, applied from breakout rate cup's surface breakout rate handle's peak
inverted cup and handle

DIFFERENTIATE TRIANGLE CHART PATTERNS

How to differentiate triangle chart patterns
Infographic - How to differentiate triangle chart patterns
ascending triangle equal highs
higher lows
prior trend: bullish
descending triangle lower highs
equal lows
prior trend: bearish
bullish symmetrical triangle lower highs
higher lows
prior trend: bullish
bearish symmetrical triangle lower highs
higher lows
prior trend: bearish
falling wedge lower highs
lower lows
prior trend: neutral
rising wedge higher highs
higher lows
prior trend: neutral

DIFFERENTIATE RECTANGLE CHART PATTERNS

How to differentiate rectangle chart patterns
Infographic - How to differentiate rectangle chart patterns
bullish rectangle equal highs
equal lows
prior trend: bullish
bearish rectangle equal highs
equal lows
prior trend: bearish
double bottom single high
2 equal lows
prior trend: bearish
double top 2 equal highs
single low
prior trend: bullish
triple bottom 2 unequal highs
3 equal lows
prior trend: bearish
triple top 3 equal highs
2 unequal lows
prior trend: bullish

DIFFERENTIATE POLE CHART PATTERNS

How to differentiate pole chart patterns
Infographic - How to differentiate pole chart patterns
bullish flag lower highs
lower lows
pole: sharp bullish
bearish flag higher highs
higher lows
pole: sharp bearish
bullish pennant lower highs
higher lows
pole: sharp bullish
bearish pennant lower highs
higher lows
pole: sharp bearish