Chart Pattern Library
The pattern scanner watches every market on the 15-minute and 60-minute charts and alerts you at each stage of a pattern: when it starts forming, when it is complete, when price gets close to the trigger, and when it is time to act. Here is every pattern it finds, where each one comes from, and how to read its alerts.
One pattern, one thread of alerts
Every pattern goes through the same stages, and every message about one pattern stays in one thread in the feed. Open a message to see the chart with the pattern drawn on it.
- 1Forming
Part of the pattern is on the chart. The scanner shows the swings so far and what would complete it. Nothing to do yet except look.
- 2Complete
The structure is done. The trigger price, a textbook stop and a textbook target are now known, so you can plan before price gets there.
- 3Close to signaling
Price is within a third of an average bar (ATR) of the trigger. If you want to act on it, this is the time to get your order ready.
- 4Time to act
The trigger happened: a candle closed through the line, or price touched the zone. The message shows the entry, stop and target.
- 5Result
What the textbook trade did next: target first, stop first, or neither within the time window.
- xCancelled
The pattern was invalidated before it triggered. The message says why: price broke the wrong side, the lines met, or time ran out.
Using alerts well
- Start with a short watchlist: two or three markets and one timeframe. The 60-minute chart sends far fewer alerts than the 15-minute chart.
- Use "Complete" to plan. Decide in advance whether you will take the trade, where your stop goes and how much you are willing to lose.
- Check the bigger picture: the trend on a higher timeframe, nearby daily highs and lows, and scheduled news.
- Treat the textbook stop and target as a reference, not an instruction. Size every trade so the stop is a loss you accept.
Words used in the library
- Swing
- A turning point: a high with lower prices on both sides, or the reverse. The scanner only uses a swing once price has moved two ATR away from it.
- ATR
- Average true range: the typical size of one candle on that chart. Distances are measured in ATR so the same rule works on gold and on EURUSD.
- Neckline, trendline
- The line a candle must close through to trigger the pattern.
- Zone
- A price area where the pattern expects a reaction. Zone patterns trigger on a touch.
- Measured move
- The textbook target: the pattern's height, projected from the break.
18 patterns in 5 families
Each page explains the pattern, the exact rules the scanner uses, what each alert means for it, where it comes from, and real examples from our charts, including ones that failed.
Classic reversals
Shapes that mark the end of a move: buyers or sellers try a level two or three times and fail. Catalogued in the 1930s and 1940s and still the first patterns most traders learn.
Price rallies to a high, pulls back, rallies to the same high again and fails.
OPEN THE PATTERN →ReversalTriple top and triple bottomThree tests of the same high with two pullbacks between them.
OPEN THE PATTERN →ReversalHead and shouldersThree peaks: a left shoulder, a higher head, and a right shoulder at roughly the height of the left.
OPEN THE PATTERN →Consolidation breakouts
Price pauses between two lines, the range narrows or drifts, and then it breaks out of one side. The scanner draws the lines and watches both sides at once.
A flat line of highs above a rising line of lows.
OPEN THE PATTERN →Breakout, textbook direction downDescending triangleA flat line of lows under a falling line of highs.
OPEN THE PATTERN →Breakout, either directionSymmetrical triangleLower highs and higher lows squeeze price toward a point.
OPEN THE PATTERN →Breakout, textbook direction against the slopeRising wedge and falling wedgeBoth lines slope the same way and converge.
OPEN THE PATTERN →Breakout, either directionRectanglePrice moves between a flat ceiling and a flat floor.
OPEN THE PATTERN →ContinuationBull flag and bear flagA sharp move (the pole) followed by a short, tight channel that drifts against it (the flag).
OPEN THE PATTERN →ContinuationBull pennant and bear pennantA sharp pole followed by a small symmetrical triangle instead of a channel.
OPEN THE PATTERN →Harmonic patterns
Swing structures defined by Fibonacci ratios between the legs. The ratios are hard to measure by eye, and the zone where the last leg should end is known before price gets there.
Two price legs of about the same length, AB and CD, with a pullback BC between them.
OPEN THE PATTERN →Reversal at the PRZGartleyThe original harmonic pattern.
OPEN THE PATTERN →Reversal at the PRZBatAn XABCD shape with a shallow B (38.2% to 50% of XA) and a deep D near 88.6% of XA.
OPEN THE PATTERN →Reversal at the PRZButterflyAn XABCD shape with a deep B (about 78.6% of XA) and a D that extends beyond X, between 127% and 141.4% of XA.
OPEN THE PATTERN →Reversal at the PRZCrabThe most extended harmonic pattern: D reaches about 161.8% of XA, far beyond X.
OPEN THE PATTERN →Smart money concepts
Market structure, liquidity and imbalances, popularised by online trading educators in the 2010s and built on older ideas from Dow and Wyckoff.
A close beyond the last swing high or low is a break of structure.
OPEN THE PATTERN →Reversal after the sweepLiquidity sweep and fair value gapPrice trades through a well-known swing low (where stop orders sit), then closes back above it.
OPEN THE PATTERN →Session patterns
Patterns tied to the clock: the first minutes after a major market opens often set the range the rest of the session reacts to.
The books behind the patterns
- Richard W. Schabacker, Technical Analysis and Stock Market Profits (1932)
- Robert D. Edwards and John Magee, Technical Analysis of Stock Trends (1948)
- H. M. Gartley, Profits in the Stock Market (1935)
- Toby Crabel, Day Trading with Short Term Price Patterns and Opening Range Breakout (1990)
- Linda Bradford Raschke and Laurence Connors, Street Smarts (1995)
- Larry Pesavento, Fibonacci Ratios with Pattern Recognition (1997)
- John J. Murphy, Technical Analysis of the Financial Markets (1999)
- Thomas N. Bulkowski, Encyclopedia of Chart Patterns (2000, later editions)
- Mark B. Fisher, The Logical Trader (2002)
- Scott M. Carney, Harmonic Trading, Volume One (2004)
Trade your way. The Desk backs the move.
On Trade Syndication there is nothing to pass. You trade, and the Desk allocates its own capital behind your trade, small at first and more as the move proves itself. You keep 90% of what that capital makes. $15 a contract.
Trading involves risk. The library is education, not advice. A pattern describes what many traders watch for; it does not predict what price will do.