Chart Patterns Reference -BUS Tech 100 IndexPEPPERSTONE:NAS100sunya A comprehensive guide to technical chart formations recognized by professional traders worldwide. Master the art of identifying, measuring, and trading these essential market patterns with precision. Ascending Triangle Bullish Continuation A flat resistance line and a rising support line. Buyers are getting more aggressive (higher lows) while sellers hold a static level. Interpretation & Guidance Bias: Strongly bullish. The pressure usually pops the lid (resistance). Signal: Entry on a confirmed close above the horizontal resistance line. Descending Triangle Bearish Continuation A flat support line and a falling resistance line. Sellers are getting more aggressive (lower highs) while buyers hold a static floor. Interpretation & Guidance Bias: Strongly bearish. The floor usually gives way. Signal: Entry on a confirmed close below the horizontal support line. Symmetrical Triangle Bilateral Two converging trendlines. Lower highs and higher lows. Represents a volatility squeeze where neither side is winning. Interpretation & Guidance Signal: Can break either way. Usually continues the prior trend, but wait for the breakout. Warning: Watch for false breakouts (fakeouts) near the apex. Rising Wedge Bearish Reversal Price makes higher highs and higher lows, but the range is narrowing (lines converge upward). Buying momentum is fading. Interpretation & Guidance Bias: Bearish. Even though price is rising, the "squeeze" usually resolves to the downside. Context: Most powerful when found at the top of an uptrend. Falling Wedge Bullish Reversal Price makes lower highs and lower lows, but the range is narrowing (lines converge downward). Selling pressure is exhausting. Interpretation & Guidance Bias: Bullish. The squeeze usually resolves to the upside. Context: Often marks the end of a correction within a larger uptrend. Cup and Handle Bullish Continuation A rounded bottom (the cup) followed by a short pullback (the handle). Looks like a tea cup. Interpretation & Guidance Signal: Buy when price breaks above the rim of the cup (resistance). Target: Measure the depth of the cup and project it upwards. The handle should not retrace more than 50% of the cup depth. Inv. Cup and Handle Bearish Continuation An upside-down U-shape followed by a short upward drift (handle). Occurs in downtrends. Interpretation & Guidance Signal: Sell when price breaks below the rim support. Target: Measure the height of the cup and project it downwards.