Patterns Analysis

The Double Bottoms is a charting pattern used in technical analysis. It is made of two price drops almost to the same level followed by a rebound to the upside, and separated by a price high or peak.

The Double Tops is a bearish reversal pattern made of two consecutive peaks that are roughly equal, with a price drop between those two peaks. The level to which the price drops to is called a Neckline.

The head-and-shoulders pattern is a bearish one of the more popular and reliable chart patterns. The inverted shape of this pattern produces opposite results, in this case, bullishness. From the name, the pattern somewhat looks like a head with two shoulders. 


Elliot Wave Theory represents the known Dow theory, and this theory can be applied to any type of current assets, commodities, stocks, oil, gold and others. The theory was proposed …

Trading patterns make finding such a point much easier and among tools a trader can apply easily, one of the most useful is the ABCD trading Pattern. The ABCD Pattern is formed according to the laws of Fibonacci and relies heavily on the ratio between later numbers in the sequence, especially the 61.8%.