Rectangle trading chart pattern is a universal trading pattern that may predict both a reverse and a continuation of an actual tendency. It looks like a sideways channel formed by horizontal support and resistance level, where the price is consolidating. It is recommended to trade in the direction the formation is broken – if the price fixes above the resistance line, buy; if it fixes below the support line, sell. The target of the figure is the chart pattern’s height (H) in pips. Wedge chart pattern is a reversal trading pattern, which is formed at highs and lows between two convergent lines, support and resistance. The chart pattern has some similar features of Triangle with the key distinction being skew angle (of both lines forming it) in the same direction.

Three Inside Down Candlestick Chart Patterns

There is no one ‘best’ chart pattern, because they are all used to highlight different trends in a huge variety of markets. Often, chart patterns are used in candlestick trading, which makes it slightly easier to see the previous opens and closes of the market. A chart pattern is a shape within a price chart that helps to suggest what prices might do next, based on what they have done in the past. Chart patterns are the basis of technical analysis and require a trader to know exactly what they are looking at, as well as what they are looking for. The idea behind chart patterns is that statistically, prices make structures, and those structures anticipate reactions.

Imagine ascending a mountain and reaching the peak twice, this is the double top chart pattern. The pattern occurs when the price tries to break out of a resistance level only to experience a strong sell-off resulting in lower prices. However, buyers continue to enter the market at the neckline and try to push the price higher. Nevertheless, they experience strong opposition at the top resistance level, resulting in the price edging lower.

The Triple Bottom Pattern pattern is confirmed when the market price breaks above the resistance level formed by the intermediate highs with increased volume. Technical analysts interpret the Symmetrical Triangle with a balance between buying and selling pressures which leads to a tightening range before the next significant move. The Inverse Head and Shoulders pattern is confirmed when the price breaks above the neckline with increased volume. Forex traders place long orders upon this breakout, targeting a market price equal to the distance from the head to the neckline projected upwards from the chart pattern breakout point.

The bottom-most candles with almost the same low indicate the strength of the support and also signal that the downtrend may get reversed to form an uptrend. Due to this, the bulls step into action and move the price upwards. The real body of this candle is small and is located at the top with a lower shadow which should be more than twice the real body.

Forex patterns are a great tool to forecast future price movements. The continuation chart patterns are price action formations that usually appear in the middle of the trend. As the name suggests, a continuation chart pattern signals a pause in the trend before the prevailing trend resumes.

Inverse Head and Shoulders

In that line, traders follow those patterns to identify trading opportunities. A double Bottom pattern is a bullish reversal pattern; it is the opposite of the double top pattern and is often traded by new and advanced forex traders. The confirmation of the pattern is the break of the neckline after the formation of the double Bottom A and B.

Trade with confidence

1. The wedge chart pattern offers several potential take profit target levels depending on the strength of the break.
2. Forex graph patterns are similar to planets in the night sky, helping traders across the great span of market changes with distinct shapes and formations.
3. Suddenly the buyers came into the market and pushed the prices up but were unsuccessful in doing so, as the prices closed below the opening price.
4. The target price for the trade is typically measured by the length of the flagpole added to the breakout point.

One important aspect of trading is the ability to analyze charts and identify patterns that indicate the direction of the market. In this article, we will discuss chart patterns in trading and how they can be used to make informed trading decisions. However, if there is no clear trend before the triangle pattern forms, the market could break out in either direction. This makes symmetrical triangles a bilateral pattern – meaning they are best used in volatile markets where there is no clear indication of which way an asset’s price might move. In contrast, a descending triangle signifies a bearish continuation of a downtrend.

Double Bottom chart pattern is formed at lows within a descending tendency. After that, the price is expected to grow by the distance equal to, at least, the figure height, which is measured in pips from the popular forex chart patterns pattern’s lows to the bottom line. Double Top chart pattern is formed at highs within an ascending tendency. After that, the price is expected to fall by the distance equal to, at least, the pattern height, which is measured in pips from the pattern’s highs to the bottom line. Inverted Head & Shoulders chart pattern is formed at lows within a descending tendency.

The formation of this pattern occurs when the starting and closing prices are quite close to one another. In order for this pattern to develop, the top shadow needs to be far larger than the actual body. The market is about to make a negative turn, as shown by the second candle, which indicates that bearish circumstances will soon dominate. The Evening Star is a pattern that consists of numerous candlesticks.

A Bullish Engulfing candlestick pattern should be present between the first and second chart patterns. After the conclusion of this candlestick pattern, market participants might consider opening a long trade. These candlestick charts feature three extended bullish bodies made up of candlesticks. In addition to this, they are open within the actual body of the candle that came before it in the sequence.

1. Traders can set an audible price alert just above the sideways consolidation price level to intercept the next price movements cycle.
2. The target price for Gartley Patterns can be conservative, being at the level of point B or point C or more aggressive beyond point A at 161,8% Fibonacci level of XA leg.
3. The main types of forex charts in trading are reversal and continuation forex chart patterns.
4. The stops are placed above the previous swing high; profits can be booked at a reward double the risk.
5. The name “Descending Triangle” derives from its shape, thanks to the intersection of a horizontal support line and a descending resistance line.
6. The Rising Wedge pattern is both a bearish reversal and a bearish continuation pattern.

Its distinctive left shoulder identifies the pattern and a head followed by the right shoulder. The neckline is another critical component of the head and shoulder pattern, neckline is drawn connecting the base of the shoulders and the head. The pattern is completed once the left shoulder, head, and right shoulder are formed, followed by the neckline break. Chart patterns are formations visually identifiable by the careful study of charts.

After a rising wedge pattern, the market should break out downward, passing the support level. This presents opportunities for a new bearish position, or might be a sign to close a long one. The ascending triangle is a chart pattern that’s created when a horizontal set of highs is met by an ascending set of lows. The upper horizontal line is the resistance level, and the lower upward sloping line is support.

A confirmed price breakout occurs when the price closes above the resistance with increased volume. Analysts suggest buyers in the Cup and Handle pattern initially drive the market price up, creating the left side of the cup. Sellers exert pressure, which causes a gradual decline that forms the cup’s bottom after the initial price increase. The buyers gradually manage to raise market prices again to the previous high until there is a brief period of profit-taking and consolidation (the “handle”) before the new trend appears. Pennant or flags chart patterns are generally created later when an asset undergoes a phase of upward change, accompanied by a union. Usually, there would be a notable growth all through the early phases of the trend, before it gets into a set of more petite downward and upward changes.

Devin Nunes, the chief executive of Trump-owned Truth Social, was announced as Trump’s nominee for chairman of the President’s Intelligence Advisory Board, a panel that advises the president on matters related to U.S. intelligence. Nunes, a longtime Trump ally, led the House Intelligence Committee in Trump’s first administration. Karoline Leavitt, the Trump campaign’s national press secretary, will serve as White House Press Secretary once the president-elect assumes his office.

She was reportedly considered for White House chief of staff before Susie Wiles was named to the role. Vince Haley, who served as adviser and speechwriter during Trump’s first term was named as the head of the Domestic Policy Council. Haley also worked under Stephen Miller—who Trump named as his Deputy Chief of Staff for Policy— while writing Trump’s speeches during his first term in office. Former Sen. Kelly Loefller, R-Ga., was nominated as administrator of the Small Business Administration by Trump, who said Loefller will crack down on “waste, fraud, and regulatory overreach” in her new role. The former senator fundraised for Trump ahead of the election, raising $7 million for his campaign this summer, according to CNN. As SBA administrator, Loefller will be in charge of overseeing billions of dollars worth of loans and disaster aid to small businesses.

Trump named Keith Kellogg, a retired lieutenant general and former chief of staff for the White House National Security Council during Trump’s first term, as special envoy for Ukraine and Russia, a newly created position. Kellogg has presented Trump with a plan for ending the war and forcing Ukraine and Russia to the negotiating table, Reuters reported previously, citing unnamed sources. Former ambassador to Germany and fierce Trump ally Ric Grenell is his pick for the newly created position of envoy for special missions. Grenell, widely considered a contender for secretary of state, previously served as acting director of national intelligence and helped Trump challenge the 2020 election results in Nevada. Trump picked former football player Herschel Walker to serve as his ambassador to the Bahamas, a job that requires Senate confirmation.

Education Secretary: Linda Mcmahon

Bessent is the founder of Key Square Management, a hedge fund that had less than $600 million in assets under management at the end of last year, and worked for Democratic megadonor George Soros for years before that. If confirmed, Bessent would make history as the first Senate-confirmed LGBTQ+ Republican Cabinet member. Trump has chosen people for most Senate-confirmed Cabinet-level jobs, including some surprising and controversial picks, and he’s picked a chief of staff and a national security adviser—key roles that don’t require confirmation. Howard Lutnick is Trump’s pick for commerce secretary—choosing him for the commerce role instead of treasury secretary. Trump, in a statement, called Lutnick “the embodiment of resilience in the face of unspeakable tragedy,” referencing his charitable contributions to 9/11 families after 658 Cantor Fitzgerald employees, including Lutnick’s brother, died in the Sept. 11 terrorist attacks, while Lutnick was CEO. Lutnick, who rebuilt the company after 9/11, has spent his entire career at Cantor Fitzgerald and became president and CEO of the financial services firm at the age of 29.

Department Of Health And Human Services Deputy Secretary: Jim O’neill

Trump nominated Russell Vought as director of the Office of Budget and Management, potentially marking his second time in the role. Vought was the office’s director from 2020 to 2021 after serving as deputy director and acting director. Vought authored a chapter in the controversial Project 2025 policy agenda on the Executive Office of the President of the United States and will be in charge of overseeing the White House budget and implementation of Trump’s policies throughout the executive branch. He also reportedly said in secret camera footage published by the Centre for Climate Reporting that Trump “blessed” Project 2025 despite distancing himself from it on the campaign trail. Vought is expected to push for policy restructuring that provides more power to the president.

Office Of Management And Budget Chief Of Staff: Ed Martin

1. Trump announced former Rep. Dave Weldon, R-Fla.—who served in Congress from 1995 to 2009—as CDC director, and tapped Marty Makary, who became known for opposing vaccine mandates during the COVID-19 pandemic, as FDA commissioner.
2. An Air Force veteran and former chief of staff to Trump’s former trade representative, Robert Lighthizer, Greer “played a key role during my First Term in imposing Tariffs on China and others to combat unfair Trade practices,” Trump said in a statement.
3. Trump tapped billionaire Jared Isaacman, founder and CEO of Shift4 payment processing firm, as administrator of the National Aeronautics and Space Administration, calling him “an accomplished business leader, philanthropist, pilot, and astronaut” in a Truth Social post.
4. Pending Senate approval, Long’s addition will seemingly end IRS Commissioner Danny Werfel’s term early (his term was slated to end in 2027).
5. In a post on X, formerly known as Twitter, Burch said he will work “to promote the dignity of all people and the common good” and thanked Trump for the role.
6. His special purposes acquisition company, Cantor Fitzgerald Acquisition Corp., took the Rumble video platform popular among right-wing influencers public in 2022.

Oz will work closely with Robert F. Kennedy Jr., who Trump announced as his pick for Health and Human Services secretary. Oz’s rise to fame is largely tied to his frequent appearances on the Oprah Winfrey show in the early 2000s and his own subsequent daytime talk show. He’s accused of espousing questionable medical claims, including promoting the debunked theory that the anti-malaria drug hydroxychloroquine could treat Covid-19, and pushing so-called miracle weight loss products unsupported by scientific research. Trump picked South Dakota Gov. Kristi Noem for the role of secretary of the Department of Homeland Security. Noem is a long-time Trump loyalist who was believed be a contender for Vice President. The appointee will be essential in carrying out Trump’s aggressive immigration plans, in addition to the agency’s duties surrounding cybersecurity, antiterrorism and emergency response.

1. Edgar was named to that role in May 2020, and previously served as the mayor of Los Alamitos, California.
2. Rollins served as a policy advisor during Trump’s first administration and is the president of the America First Policy Institute, a think tank founded by former Trump administration officials that has advocated against foreign ownership of U.S. farmland.
3. Hegseth has denied the allegations through his attorney, Timothy Parlatore, who told multiple outlets he paid his accuser a settlement to avoid a lawsuit over the matter.
4. Federal Trade commissioner Andrew N. Ferguson was selected as the agency’s chair, meaning if confirmed he will take over for Lina Khan, who has spearheaded a yearslong antitrust crackdown on large companies across the tech, grocery and pharmaceutical sectors.
5. The former senator fundraised for Trump ahead of the election, raising $7 million for his campaign this summer, according to CNN.

In his announcement, Trump hailed Scott’s tenure as Border Patrol chief, saying he “achieved record low levels of illegal immigration.” Scott served in the role for 19 months between 2020 and 2021 and oversaw the implementation of several key policies including the “Remain in Mexico” policy and Title 42. Carr has served as one of the FCC’s five commissioners since 2017, when Trump first appointed him to the agency. He’s known as a critic of big tech companies, writing a chapter of the controversial Project 2025 agenda—which Trump has broadly disavowed—that argued the FCC should narrow the immunity enjoyed by tech platforms and require companies to be transparent about their content moderation decisions. He’ll take over the FCC as Trump pushes the agency to revoke the licenses of broadcast TV stations whose coverage he claims is unfair—though that could be very difficult in practice. Former Director of National Intelligence John Ratcliffe will serve as CIA director. A former Texas congressman, Ratcliffe served as the director of national intelligence from 2020 to 2021 and acted as Trump’s primary intelligence adviser during his last presidency.

Trump decamped to Mar-a-Lago after his win, holding meetings with his inner circle, administration hopefuls and transition team to craft his second term agenda and build out his staff. Trump is shaping his second-term agenda with the help of several right-wing groups, his closest allies and billionaire backers. Musk, who has been spotted on numerous occasions alongside Trump since his election, is among those who appear to be influencing Trump’s policy and personnel decisions. Lutnick is also overseeing a team making recommendations for personnel picks and vetting potential candidates, and Miller is expected to play a key role in making the final decisions. The right-wing think tank America First Policy Institute is reportedly the primary driver of Trump’s transition plans and has been crafting possible executive actions for Trump once he takes office. The organization is chaired by McMahon and led by former Trump Domestic Policy Counsel Director Brook Rollins.

Trump tapped Tilman Fertitta, owner of the Houston Rockets and the Texas-based restaurant and entertainment company Landry’s as ambassador to Italy.

He also founded venture capital firm Craft Ventures and is a former PayPal chief operating officer. Trump noted Sacks will also lead the Presidential Council of Advisors for Science and Technology. Rollins served as a policy advisor during Trump’s first administration and is the president of the America First Policy Institute, a think tank founded by former Trump administration https://traderoom.info/expert-broker-reviews-is-tradeallcrypto/ officials that has advocated against foreign ownership of U.S. farmland.

He has also advocated for removing fluoride from public water, an idea Trump said he as open to. As HHS secretary, Kennedy would oversee 13 public health-related agencies, and has expressed plans to upend many of them, telling an audience at a conference in November he would halt infectious disease studies at the National Institutes of Health if given a role in the Trump administration. The surprise selection drew criticism from many Democrats, and some Republicans expressed wariness about the pick. Trump’s former Vice President Mike Pence spoke against Kennedy as the pick to lead HHS in a statement and urged Senate Republicans to reject the nomination, citing Kennedy’s support of abortion rights.

Gabbard is a former Democratic representative from Hawaii and a 2020 Democratic presidential candidate, perhaps best-known for clashing with Kamala Harris on the debate stage in 2019. She left the party in 2022 and became an independent, before endorsing Trump in August and announcing she had joined the Republican Party. A critic of U.S. military interventions, Gabbard has drawn intense scrutiny for her foreign policy views, including for meeting with Syrian President Bashar al-Assad in 2017. Trump nominated Miami-Dade County Commissioner Kevin Cabrera as ambassador to Panama, doing so just a few days after threatening to take over the Panama Canal. Cabrera, who worked as a lead on Trump’s 2020 re-election bid in Florida, represents the residents of Miami, Hialeah, Coral Gables and other neighborhoods within Miami-Dade County.

Ferguson has worked as an antitrust litigator and was Virginia’s solicitor general from 2022 to 2024. Trump nominated Chad Mizelle, who served as general counsel and chief of staff at the Department of Homeland Security during Trump’s first administration, to serve as chief of staff at the Justice Department. Trump announced Matthew Whitaker will serve as the official U.S. representative to NATO.

During his time as director of national intelligence, Ratcliffe declassified unverified Russian intelligence information that claimed Hillary Clinton approved a plan to link Trump to Russia and the Democratic National Committee cyberattacks in 2016. Democrats criticized Ratcliffe’s decision to publicly release the information, alleging he was politicizing unverified information to aid Trump. Trump announced Tulsi Gabbard will serve as his Director of National Intelligence, a role that puts her at the head of the U.S. intelligence community.