FOREX CHART PATTERNS CHEAT SHEET

differentiating the patterns

FOREX CHART PATTERNS CHEAT SHEET (HD IMAGE)

CHART PATTERNS DIRECTION, TYPE, OCCURRENCE, TERM

PATTERN DIRECTION TYPE OCCURRENCE TERM
SYMMERTRICAL TRIANGLE continuation bullish - bearish high medium - long
ASCENDING TRIANGLE continuation bullish medium medium - long
DESCENDING TRIANGLE continuation bearish medium medium - long
HEAD AND SHOULDERS reversal bearish low medium - long
INVERSE HEAD AND SHOULDERS reversal bullish low medium-long
CUP AND HANDLE continuation bullish low long
INVERSE CUP AND HANDLE continuation bearish low long
FALLING WEDGE neutral bullish medium medium - long
RISING WEDGE neutral bearish medium medium - long
RECTANGLE continuation bullish - bearish medium medium - long
FLAG continuation bullish - bearish high short - medium
PENNANT continuation bullish - bearish high short - medium
DOUBLE TOP reversal bearish high medium - long
DOUBLE BOTTOM reversal bullish high medium - long
TRIPLE TOP reversal bearish low medium - long
TRIPLE BOTTOM reversal bullish low medium - long

CHART PATTERNS TARGET & FAILURE MEASUREMENTS

PATTERN TARGET (TAKE PROFIT) FAILURE (STOP LOSS 1) FAILURE (STOP LOSS 2)
SYMMERTRICAL TRIANGLE
ASCENDING TRIANGLE
DESCENDING TRIANGLE
distance of the first swing, applied from breakout rate border breakout rate last touch to the border opposite to the breakout border
HEAD AND SHOULDERS
INVERSE HEAD AND SHOULDERS
distance from head's peak to neckline, applied from breakout rate neckline's breakout rate right shoulder's peak
CUP AND HANDLE
INVERSE CUP AND HANDLE
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
FALLING WEDGE
RISING WEDGE
distance from first touch to intersection with the opposite border, applied from breakout rate border's breakout rate last touch to the border opposite to the breakout border
RECTANGLE
DOUBLE TOP
DOUBLE BOTTOM
TRIPLE TOP
TRIPLE BOTTOM
distance from upper to lower border, applied from breakout rate border's breakout rate n/a
FLAG distance of the pole, applied from flag's lowest low (highest high for bearish) flag's lowest low (highest high for bearish) n/a
PENNANT distance of the pole, applied from pennant's breakout rate pennant's lowest low (highest high for bearish) n/a

DIFFERENTIATING FOREX CHART PATTERNS

TRIANGLES AND WEDGES

How to differentiate symmetrical triangles, ascending triangles, descending triangles, and wedges using price action highs and lows
PATTERN HIGHS/LOWS
SYMMERTRICAL TRIANGLES lower highs, higher lows
ASCENDING TRIANGLES equal highs, higher lows
DESCENDING TRIANGLES lower highs, equal lows
FALLING WEDGES lower highs, lower lows
RISING WEDGES higher highs, higher lows

FLAGS AND PENNANTS

How to differentiate flags and pennants using price action highs and lows
PATTERN HIGHS/LOWS
BULLISH FLAGS pole followed by lower highs, lower lows
BEARISH FLAGS pole followed by higher highs, higher lows
PENNANTS pole followed by lower highs, higher lows

RECTANGLES AND TRIPLE TOPS/TRIPLE BOTTOMS

How to differentiate rectangles, triple tops, and triple bottoms using highs and lows
PATTERN HIGHS/LOWS
RECTANGLES equal highs and lows
TRIPLE TOPS equal highs, unequal lows
TRIPLE BOTTOMS equal lows, unequal highs