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Pattern Types
Often, one of the following patterns as influencing the price action of a stock or market covered in AvidTrader research. Click on any pattern of interest for more information about its characteristics, its stages and real examples:
Channel
Double Bottom, Double Top
Head & Shoulders
Island
Rounding Bottom, Rounding Top
Symmetrical Triangle
Ascending Triangle
Descending Triangle
Complex Triangle
Trendline Touch
Wedge
Pattern Stages
Breaking
Consolidating
Correcting
False Break
Trending
Fallen Star
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Correcting
Price movement that is in the direction of the trend is called "trending". Price movement that is in the opposite direction is called "correcting". Corrections can be single legs of a smaller pattern, or a combination of legs and patterns that retrace a more sizeable leg. Regardless, the expected resolution to a correction is a resumption of the trend.
Following are examples of corrections within patterns. Each is linked to more examples of the pattern.
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