PRICE ACTION THEORY
10 Chart Patterns For Price Action Trading By Galen Woods ‐ 14 min read From the popular Head & Shoulders to the less common Cup & Handle, these are 10 chart patterns every price action trader should know. Table Of Contents Do you look at price charts for your trading? But what do you see? These are 10 chart patterns that every price action trader should see when they look at a price chart. Reversal Chart Patterns 1. Head & Shoulders 2. Double Top / Double Bottom 3. Triple Top / Triple Bottom 4. Rounding Top / Rounding Bottom 5. Island Reversal Continuation Chart Patterns 6. Rectangle 7. Wedge 8. Triangle 9. Flag 10. Cup & Handle Reversal Chart Patterns The first five chart patterns are reversal patterns. Typically, they start by trying continue the trend. When that last-ditch attempt fails, the reversal is confirmed. However, remember that most reversal patterns fail, especially when the trend is strong. Hence, trade them carefully. 1. Head & Shoulders What d