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Those who trade with technical analysis have identified chart patterns in the stock, usually with a candlestick chart. Technical analysts, those who study technical analysis, are able to use these chart patterns in an attempt to predict price movement.

The Horn Tops and Bottoms pattern is particularly interesting because while utilizing the same concept of support and resistance, it goes in-depth into the individual candlesticks of the pattern. The Horn pattern also utilizes the concept of a breakout to catch a reversal.

The Head and Shoulders pattern is generally a reversal pattern.

The Head and Shoulders pattern utilizes levels of support and resistance.

There is also an Inverted Head and Shoulders pattern.

The Head and Shoulders pattern can be traded in multiple different fashions.

The Flag pattern is a stock market pattern analyzed by technical analysts, those who study technical analysis. It can be related to a corrective pattern in the topic of Elliott Waves because it moves in the opposite direction of the trend.

How to Trade Breakouts: Definitions, Strategies, Examples

Guide on How to Trade the Cup and Handle Pattern

The Cup and Handle pattern is one of the most commonly discussed chart patterns in the technical analysis world. The pattern is called the Cup and Handle pattern because it resembles a cup with a handle.

The Double Pattern is pretty simple, as all of the moves associated with it just use two simple factors: Support and resistance. The Double Pattern is a fairly common pattern when it comes to technical analysis as it can indicate a potential reversal of the trend.