Trader Trainer"Trade patterns, not impulses."
Pattern: Bull Flag
A bullish continuation pattern that forms after a strong upward price move (the 'flagpole'), followed by a brief consolidation with parallel trendlines (the 'flag'). It signals a potential continuation of the uptrend when the price breaks above the upper trendline.
Pattern: Minor Retrace
A short-term pullback in price within a larger trend, typically retracing 1% to 5% of the prior move. It offers a low-risk entry point for traders to join the prevailing trend before the price resumes its direction.
Pattern: Pop Up 123
A reversal or continuation pattern where the price forms three key points: a high (1), a low (2), and a back to high (3). A breakout above the high (3) confirms a bullish move, often used as entries.
Pattern: Asceding Continuation
A bullish continuation pattern that forms after a strong upward price move, characterized by higher lows and a horizontal or rising resistance level. It signals a potential continuation of the uptrend when the price breaks above the resistance.
Pattern: Double Top
A bearish reversal pattern characterized by two peaks at roughly the same price level, indicating resistance, followed by a potential trend reversal downward.
Pattern: Base Consolidation
Base consolidation refers to a sideways trading period where a stock trades within a relatively tight range, building a foundation of support before potentially breaking out in the direction of the prior trend.
Pattern: Pop and Slide
A pattern where the price makes an initial sharp upward move (the pop), then slides sideways or slightly downward, consolidating near the highs before potentially continuing higher on a breakout.