Smart Stock

Cup & Handle:

Just a quick glance at the chart and you can gauge how this pattern got its name. The cup is a nice curved ‘U’ shape and the handle angles slightly down. Usually, the right-hand side of the chart shows low trading volume which can last for a significant length of time.

Head & Shoulders Top:

Straightforward to spot, the shape comes to life as both trendlines converge. They come together at the peaks and troughs. The lines create a clear barrier. If the price breaks through you know to anticipate a sudden price movement.
You’ll find different stock patterns for day trading in every pdf you open. Rather than using everyone you find, get excellent at a few.

Ascending Triangle:

You will normally find the triangle appears during an upward trend and is regarded as a continuation pattern. Less often it is created in response to a reversal at the end of a downward trend. Whenever they do occur, ascending triangles are bullish patterns (when the small black candlestick is followed by a big white candlestick that totally engulfs the previous candlestick).

 

Descending Triangle:

Although often a bearish pattern, the descending triangle is a continuation of a downtrend. Less frequently it can be observed as a reversal during an upward trend.

Pennant

The pennant is often the first thing you see when you open up a pdf of chart patterns. It’s created simply by significant stock movement and then consolidation. The converging lines bring the pennant shape to life. You should see a breakout movement taking place alongside the large stock shift.
You will then see substantial volume when the stock initially starts to move. Finally, the volume in the pennant section will decrease and then the volume at the breakout will spike.