6. Chart Patterns: Bullish Chart Patterns

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Last updated 5:34 AM on 7/22/26
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7 Terms

1
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Bull Flag

Pattern Type: Bullish, trend continuation

Requirements: a. Preceding bullish trend

b. Downward consolidation channel

c. Breakout above consolidation channel

Meaning: A brief consolidation following an upward price movement, indicating an anticipated resumption of the uptrend as buyers dominate. Entry: Breakout above top of channel Exit: Next key level

<p>Pattern Type: Bullish, trend continuation</p><p> Requirements: a. Preceding bullish trend</p><p> b. Downward consolidation channel</p><p> c. Breakout above consolidation channel</p><p> Meaning: A brief consolidation following an upward price movement, indicating an anticipated resumption of the uptrend as buyers dominate. Entry: Breakout above top of channel Exit: Next key level</p>
2
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Ascending Triangle

Pattern Type: Bullish, trend continuation

Requirements:

a. Preceding bullish trend

b. Horizontal level

c. Upward-sloping trendline

d. Breakout above horizontal level

Meaning: Buyers are becoming more aggressive, pushing the price higher despite resistance. Entry: Breakout above horizontal level Exit: Next key level

<p>Pattern Type: Bullish, trend continuation</p><p> Requirements:</p><p> a. Preceding bullish trend</p><p>b. Horizontal level </p><p>c. Upward-sloping trendline</p><p> d. Breakout above horizontal level </p><p>Meaning: Buyers are becoming more aggressive, pushing the price higher despite resistance. Entry: Breakout above horizontal level Exit: Next key level</p>
3
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Bullish Pennant

Pattern Type: Bullish, trend continuation

Requirements:

a. Preceding bullish trend

b. Top downward-sloping trendline

c. Bottom upward-sloping trendline

d. Breakout above upper trendline

Meaning: A brief consolidation after a strong upward price movement, signaling a likely continuation of the uptrend as buyers regain control. Entry: Breakout above upper trendline Exit: Next key level

<p>Pattern Type: Bullish, trend continuation</p><p> Requirements: </p><p>a. Preceding bullish trend</p><p> b. Top downward-sloping trendline</p><p> c. Bottom upward-sloping trendline </p><p>d. Breakout above upper trendline </p><p>Meaning: A brief consolidation after a strong upward price movement, signaling a likely continuation of the uptrend as buyers regain control. Entry: Breakout above upper trendline Exit: Next key level</p>
4
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Falling Wedge

Pattern Type: Bullish, trend reversal

Requirements:

a. Preceding bearish trend

b. Top downward-sloping trendline

c. Bottom downward-sloping trendline

d. Breakout above upper trendline

Meaning: It indicates that a declining price trend is showing signs of weakening, and buyers are stepping in to potentially halt the descent. Entry: Breakout above upper trendline Exit: Next key level

<p>Pattern Type: Bullish, trend reversal </p><p>Requirements:</p><p> a. Preceding bearish trend</p><p>b. Top downward-sloping trendline </p><p>c. Bottom downward-sloping trendline</p><p> d. Breakout above upper trendline </p><p>Meaning: It indicates that a declining price trend is showing signs of weakening, and buyers are stepping in to potentially halt the descent. Entry: Breakout above upper trendline Exit: Next key level</p>
5
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Inverted Head & Shoulders

Pattern Type: Bullish, trend reversal

Requirements:

a. Preceding bearish trend

b. Two shorter peaks of equal height

c. Middle lower peak

d. Neckline

e. Breakout above neckline

Meaning: Bears fail to push price lower and as price rises to create a neckline, bulls take control for a trend reversal. Entry: Breakout above neckline Exit: Next key level

<p>Pattern Type: Bullish, trend reversal</p><p> Requirements:</p><p> a. Preceding bearish trend</p><p> b. Two shorter peaks of equal height</p><p> c. Middle lower peak </p><p>d. Neckline</p><p> e. Breakout above neckline </p><p>Meaning: Bears fail to push price lower and as price rises to create a neckline, bulls take control for a trend reversal. Entry: Breakout above neckline Exit: Next key level</p>
6
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Double/Triple Bottom

Pattern Type: Bullish, trend reversal

Requirements:

a. Preceding bearish trend

b. Two or three equal lows

c. Breakout above neckline

Meaning: The "bottom" refers to peaks in price where it reaches a level that appears resistant to further decline. This indicates that selling pressure is finishing, hinting a reversal. Entry: Breakout above neckline Exit: Next key level

<p>Pattern Type: Bullish, trend reversal</p><p> Requirements: </p><p>a. Preceding bearish trend</p><p>b. Two or three equal lows</p><p> c. Breakout above neckline </p><p>Meaning: The "bottom" refers to peaks in price where it reaches a level that appears resistant to further decline. This indicates that selling pressure is finishing, hinting a reversal. Entry: Breakout above neckline Exit: Next key level</p>
7
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Cup & Handle

Pattern Type: Bullish, trend continuation

Requirements:

a. Preceding bullish trend

b. Rounded bottom (cup)

c. Handle (range)

Meaning: Buyers gradually regain control after an initial decline (cup), followed by a slight retracement as sellers briefly resist (handle), suggesting a likely continuation of the uptrend. Entry: Breakout above handle Exit: Next key level

<p>Pattern Type: Bullish, trend continuation</p><p> Requirements: </p><p>a. Preceding bullish trend</p><p> b. Rounded bottom (cup) </p><p>c. Handle (range) </p><p>Meaning: Buyers gradually regain control after an initial decline (cup), followed by a slight retracement as sellers briefly resist (handle), suggesting a likely continuation of the uptrend. Entry: Breakout above handle Exit: Next key level</p>