- Chart Pattern: Double Top and Double Bottom
- Chart Pattern: The Triangle Pattern
- Chart Pattern: Diamond Bottom and Top Chart Pattern
- Trading the Crown or trading head and shoulders
In this post is the pipe top and pipe bottom illustrated. It is a pattern that gives the traders an indication of in which direction the price is moving in.
Pipe top
The pip top pattern is a pattern that ends in a top and then starts to fall; the image illustrates a bullish trend; the pattern ends with two candlesticks; when the lowest of the two lows ends the price is expected to fall.
Pipe bottom
The pip bottom pattern is a pattern that ends in a bottom and then starts to rise; the image illustrates a bearish trend; the pattern ends with two candlesticks; when the highest of the two highs ends the price is expected to rise.
In the post is the term bullish and bearish used; a bullish market is when the price is rising and a bearish market is when a price is falling.
In the post is also the term candlestick used; more information about what a candlestick is in the article “Trading Forex Online? What Is a Candlestick Chart and How to Read a Candlestick Chart?”
