Chart Patterns Reference -AUS 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. Continuation Patterns Bullish Flag Bullish Continuation A sharp rise (the pole) followed by a rectangular consolidation sloping gently downwards against the trend. Interpretation & Guidance Signal: Buy on the breakout of the upper channel line. Target: Add the height of the flagpole to the breakout point. Bearish Flag Bearish Continuation A sharp drop (pole) followed by a short consolidation channel sloping upwards against the trend. Interpretation & Guidance Signal: Sell on the breakdown of the lower channel line. Target: Subtract the height of the flagpole from the breakdown point. Bullish Pennant Bullish Continuation Similar to a flag (sharp pole), but the consolidation is a small symmetrical triangle instead of a channel. Interpretation & Guidance Signal: Buy on the breakout of the upper trendline. Timing: Pennants are usually brief pauses (1-3 weeks). A breakout happens quickly. Rectangle Bilateral Price moves sideways between parallel support and resistance lines. It represents a period of accumulation or distribution. Interpretation & Guidance Direction: Trade in the direction of the breakout. If it breaks top, it's bullish; breaks bottom, it's bearish. Target: The height of the rectangle projected from the breakout.