In technical analysis, classic chart patterns have varying degrees of success in predicting where a stock is headed. Several studies have shown that certain patterns have historically been right ...

Then there are classic chart patterns that point to where a stock may be headed based on the convergence of multiple trend lines or other common charts ‘shapes’. At the long-term end of the ...

Technical Classroom: Here’s all you need to know about classic chart patterns The Double Top pattern is considered an indicator of an intermediate or long-term reversal in price.