Classic Patterns

With well over a dozen P&F patterns, there is often an active or developing pattern on a P&F chart. Identifying these patterns and the confirming breakout form an essential part of the P&F analysis process.

Bullish Breakout Patterns. Double Top Breakout, Triple Top Breakout, Spread Triple Top Breakout and Quadruple Top Breakout are covered in this group.

Bearish Breakdown Patterns. Double Bottom Breakdown, Triple Bottom Breakdown, Spread Triple Bottom Breakdown and Quadruple Bottom Breakdown are covered in this group.

Bearish and Bullish Signal Reversed. These patterns resemble a rising flag or falling flag on a classic bar chart.

Bullish and Bearish Catapults. Many P&F aficionados consider catapult signals to be the strongest. Catapults mark a classic breakout, a mild correction, and a continuation breakout.

Bullish and Bearish Triangles. These patterns resemble triangles in bar charts, but a basic P&F signal is required for confirmation.

Bull and Bear Traps. These patterns are precisely what they sound like. A bear trap suckers the sellers before rallying, while a bull trap suckers the buyers before declining.