Chart patterns comprise a core
component of traditional technical analysis. They provide an illustrative
commentary on the markets struggle between supply and demand. It's believed
certain recurring patterns have a predictable outcome that can be used for
successfully trading. Traditional chart patterns include;
-
Head and shoulders
-
Ascending and descending
triangles
-
Double top and double
bottom, and
-
Triple top and triple
bottom
For more
information see the following links:
Wikipedia
http://en.wikipedia.org/wiki/Chart_pattern