Chart pattern (original) (raw)

A chart pattern or price pattern is a pattern within a chart when prices are graphed. In stock and commodity markets trading, chart pattern studies play a large role during technical analysis. When data is plotted there is usually a pattern which naturally occurs and repeats over a period. Chart patterns are used as either reversal or continuation signals. There are three main types of chart patterns which are used by technical analysts: * traditional chart pattern * Harmonic Patterns * candlestick pattern