PatternX blog
Chart Patterns
How classic chart patterns form, how they are confirmed and invalidated, and how factors like volume and confluence change how much a pattern is worth.
- · 6 minPattern Confluence ExplainedConfluence is when independent factors agree. How PatternX measures volume, trend, structure and timeframe alignment before a pattern becomes a signal.
- · 9 min20 Chart Patterns Every Trader Should KnowThe complete field guide to the 20 chart patterns PatternX detects — bullish, bearish and bilateral — with what each one signals.
Go further in the knowledge hub: Chart pattern library →
Related guides
- GlossaryChart patternA chart pattern is a recurring shape that price traces on a chart, such as a triangle, flag or head and shoulders, which traders use to judge whether a move is more likely to continue or to reverse.
- GlossarySupport and resistanceSupport is a price zone where buying has repeatedly stopped declines, and resistance is a zone where selling has repeatedly capped advances. Both are areas on the chart rather than exact prices.
- GlossaryBreakoutA breakout is a decisive move of price through a defined level, such as resistance, support, a trendline or a pattern boundary, that traders read as a sign that a new move in that direction may be starting.
- GlossaryFalse breakoutA false breakout, or fakeout, occurs when price moves beyond a key level or pattern boundary but fails to hold there, quickly returning inside and often trapping traders who entered on the break.