Is there a visible price pattern in the chart? For example, a double bottom or double top?

A price pattern is a specific shape that an asset’s price forms on a chart over time. These patterns reflect the behavior of buyers and sellers and help traders predict the future direction of the price. There are three main types of price patterns: continuation patterns, which suggest the current trend is likely to continue; reversal patterns, which signal a possible trend reversal; and consolidation patterns, which indicate a period without a clear trend, often before a significant move. Common price patterns include flags, triangles, head and shoulders, double bottoms, and double tops. These patterns are useful for better timing of trade entries and exits.

Why Price pattern?

In our analysis, we also look for significant price patterns that can indicate the likely direction of a stock’s price movement. Therefore, we place emphasis on chart formations such as double bottoms, flags, triangles, and head and shoulders patterns.

Answers and Score

Where to find Price pattern?

You can find a pullback in these charts. For example, on finviz.com or finance.yahoo.com

This question is part of this analyzer.