Forex recognition chart pattern

Index Forex recognition chart pattern:

Forex Triple Top Chart Pattern
Triple Top formations are reversal patterns with bearisch bias, this model is not often seen in the forex market. Triple tops are identified by three consecutive highs of similar (or almost) height with 2 moderate pull backs between (neckline).

Triple Bottom Forex recognition chart pattern
Triple Bottom formations are reversal patterns with bullish bias. Triple bottoms are identified by three consecutive lows of similar (or almost) height with 2 moderate pull backs between (neckline tops).

Forex Rising Wedge Chart Pattern
This is the most basic level, Rising Wedge formation is bearish continuation patterns and looks similar to triangle models (ascending triangle, descending triangle, and symmetrical) the converging trendlines (support and resistance) and narrowing price ranges (dome).

Forex recognition chart pattern Rectangle
Rectangle or box is a continuation pattern and describes the cost model where supply and demand seem equally balanced for a longer period of time. The currency pair moves to a lesser extent, finding support at the bottom of the rectangle and hitting resistance at the top of the rectangle.

Exchange Head & Shoulders Chart Pattern
The head and shoulders top with "reversal" pattern in the market uptrend and is extremely popular among currency traders. The model consists of 2 shoulder, 1 head and neck (support).

Exchange Flags and pennants pattern Table
Flags and pennants are short-term continuation patterns and are among the most reliable of all continuation patterns, they form when there is a sharp price movement followed by a phase of consolidation (side action), then the previous up or down trend is expected to continue.

Forex Falling Wedge Forex recognition chart pattern
This is the most basic level, falling Wedge formations are bullish continuation patterns and looks similar to triangle models (ascending triangle, descending triangle, and symmetrical) the converging trendlines (support and resistance) and narrowing price ranges (dome).
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Exchange Double Top Chart Pattern
Double Top formations are reversal patterns and often seen to be among the most common (together with double bottom formations) patterns for currency trading. Double Tops are identified by two consecutive peaks of similar (or almost) height with a moderate pull between (neckline). .

Forex double bottom chart pattern
Double Bottom formations are reversal patterns and often seen to be among the most common (along with double top formations) patterns for currency trading. Double bottoms are identified by two consecutive lows of similar (or almost) height with a moderate pull back in between (neckline top).
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Forex Ascending Triangle Chart Pattern
The ascending triangle chart pattern shows two converging trendlines (support levels and resistance levels) and is a bullish formation that usually forms during a currency pair uptrend as a continuation pattern.

Exchange Decending Triangle Chart Pattern
This model is similar to the still growing triangle chart pattern but conversely, it shows two converging trendlines (support levels and resistance levels) and bearisch formation usually forms during a currency pair downtrend as a continuation pattern (downtrend will continue).

Exchange symmetric Forex recognition chart pattern triangle chart pattern
This pattern shows two converging trendlines (support levels and resistance levels) and (1) formation that usually forms bearisch during the currency pair downtrend as a continuation pattern (downtrend will continue) or (2) bullish formation that usually forms during the currency pair uptrend as a continuation pattern. (Uptrend to continue)

Forex recognition chart pattern Bullish and bearish divergence pattern
Divergence is a term often returns in forex technical analysis, this occurs when the price of the underlying currency pair and the indicator move in opposite directions. Bullish divergence can predict future upturns, while bearish divergence can predict future crises.